European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
The U.S. dollar weakened in early Asian trading on Tuesday as investors weighed remarks from Federal Reserve officials on the path of interest rates. The U.S. dollar index slipped to 97.28, extending Monday’s decline after a brief three-day rally.
Market sentiment turned cautious after Fed officials signaled a slower approach to easing monetary policy. St. Louis Fed President Alberto Musalem said the central bank should “tread cautiously,” while Atlanta Fed President Raphael Bostic emphasized inflation remains above the Fed’s 2% target, suggesting no further cuts are needed this year. Cleveland Fed President Beth Hammack echoed similar caution, though none of them vote this year. By contrast, new Fed Governor Stephen Miran warned the Fed risks harming the labor market without deeper cuts.
U.S. Treasury yields ticked higher, with the 10-year at 4.1467% and the two-year at 3.6051%, as traders priced in lower chances of an October cut. Futures implied only a 10.2% chance of a hold, up from 8.1% on Friday, according to CME’s FedWatch tool.
The dollar held steady at 147.74 yen, while the euro traded at $1.1798. Sterling was flat at $1.35125, and the Australian dollar edged down to $0.6599. The kiwi slipped to $0.5867 ahead of a central bank leadership announcement. China’s offshore yuan stayed at 7.1158 per dollar.
Elsewhere, Argentina’s peso surged 4.5% after U.S. Treasury Secretary Scott Bessent suggested possible measures, including swap lines and direct currency purchases, though action would follow talks with Argentine President Javier Milei.
Meanwhile, gold reached a record $3,749.03 per ounce as safe-haven demand strengthened ahead of Fed Chair Jerome Powell’s scheduled remarks later in the day.
