Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Strong Economic Growth Anticipated
The U.S. economy is expected to sustain a solid growth pace in the third quarter of 2024, bolstered by decreasing inflation and robust wage increases fueling consumer spending. This advance comes just before the critical presidential election on November 5, where Vice President Kamala Harris faces former President Donald Trump in a highly competitive race.
Consumer Concerns Amid Growth
Despite economic growth, many Americans are grappling with high food and housing costs. Polls indicate that voters are increasingly favoring Trump as the better steward of the economy. The economy has remained resilient, defying recession predictions and outperforming many global counterparts, despite the Federal Reserve's substantial interest rate hikes totaling 5.25 percentage points in 2022 and 2023.
Projected GDP Growth
According to a Reuters survey, the GDP is likely to have increased at an annualized rate of 3.0% in Q3, maintaining the same growth rate as Q2. While recent data showed a rise in the goods trade deficit, which led the Atlanta Fed to revise its GDP estimate down to 2.8%, growth remains well above the Fed's non-inflationary benchmark of approximately 1.8%.
Positive Economic Indicators
With inflation nearing the Fed's target of 2%, the central bank is easing its policies, evidenced by last month's significant half-percentage-point rate cut. Additionally, consumer spending, a critical driver of economic activity, is projected to grow at a rate exceeding 3.5%, up from 2.8% in the previous quarter. While concerns persist regarding the distribution of growth, particularly benefiting middle- and upper-income households, business investment and government spending are also contributing to this economic expansion.
