S&P 500, Nasdaq Slip as Oil Jumps on Iran Tensions 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom 
Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Despite all his harshest of rhetoric and actions towards ballooning U.S. trade deficit, President Trump seems to have failed to reign on it. Since his inauguration, President Trump and his team have taken actions to reign over the tariffs; imposing tariffs on steel and aluminum, taking harsher steps in terms of anti-dumping and countervailing duties, and imposing tariffs on goods from China but so far the impact isn’t getting reflected in actual data.
According to data from U.S. census bureau, the U.S. goods trade deficit with the rest of the world reached a new record high of $76.98 billion in October. At this rate, the U.S. trade deficit is set to surpass last year’s $795.69 billion in 2018.
The increasing trade deficit with more focused from investors thanks to President’s Trump’s war to reign on it is likely to act as a negative factor for the USD in the longer term.
