Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
U.S. stocks closed higher Tuesday as easing geopolitical tensions and comments from Federal Reserve Chair Jerome Powell boosted investor sentiment. The Dow Jones rose 507 points (+1.2%), the S&P 500 gained 1.1%, and the Nasdaq climbed 1.4%.
Markets reacted positively to a ceasefire announcement between Israel and Iran. Former President Donald Trump declared on social media that the ceasefire was “in effect,” sparking optimism that the recent 12-day conflict had ended. However, uncertainty remains after Trump criticized both countries for post-deal aggression. Israel launched new strikes in Tehran, citing Iranian missile fire. Iran denied involvement, claiming Israel violated the ceasefire beyond its official start time.
Oil prices fell sharply as the ceasefire eased concerns of supply disruption and inflationary pressure, removing a key risk premium from crude markets.
Meanwhile, Federal Reserve Chair Powell’s testimony to Congress signaled that rate cuts remain possible. “Many paths are possible,” Powell said, noting that the Fed is waiting to assess the economic impact of rising tariffs. He warned tariffs may lift inflation temporarily, though effects could be short-lived.
Two Trump-appointed Fed governors have recently supported July rate cuts. Trump also pressed for aggressive easing, criticizing Powell publicly.
In corporate news, Tesla (TSLA) extended gains after launching its Robotaxi pilot program in Austin, Texas, using 10 to 20 Model Y vehicles. Chewy (CHWY) shares declined following its $1 billion stock offering and a $100 million buyback announcement. KB Home (KBH) dropped after cutting its full-year revenue guidance to $6.3–$6.5 billion, down from $6.6–$7 billion.
