European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
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 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
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 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
The Japanese yen weakened on Monday as expectations grew that Sanae Takaichi, a staunch supporter of aggressive fiscal and monetary stimulus, is set to become Japan’s next prime minister. Reports indicated that Takaichi secured key political backing, boosting investor confidence in risk assets and weakening demand for the safe-haven yen.
Market sentiment improved after trade tensions between the U.S. and China eased and concerns over U.S. regional banks subsided. The U.S. dollar gained 0.2% to 150.82 yen at 0010 GMT, rebounding from Friday’s 1.1% drop sparked by fears of bad loans and trade disputes over Chinese rare earth exports.
Investors reignited the so-called “Takaichi trade” — bullish on Japanese equities and bearish on the yen — following reports from Kyodo that the ruling Liberal Democratic Party (LDP) and the Japan Innovation Party (JIP) will formalize an alliance ahead of Tuesday’s parliamentary vote. Takaichi’s leadership prospects brightened after forming ties with the right-leaning JIP, following a split with Komeito, the LDP’s coalition partner for 26 years.
The shift in sentiment also buoyed risk-sensitive currencies. The Australian dollar advanced 0.3% to $0.6500, while the euro edged up 0.1% to $1.1661. Traders are watching China’s upcoming GDP data closely, as it remains Australia’s largest trading partner.
Wall Street’s main indexes closed higher after easing credit concerns, with analysts noting strong balance sheets among major banks. “There’s a lot more bark than bite on credit fears,” said Jed Ellerbroek of Argent Capital.
Meanwhile, U.S. President Donald Trump acknowledged that a proposed 100% tariff on Chinese goods would be “not sustainable” and confirmed plans to meet with President Xi Jinping in two weeks, calming fears of further escalation.
