Yen Slides as BOJ Caution Undercuts Rate Hike Impact 
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
Oil Prices Bounce Back as Middle East Concerns and U.S. Elections Loom
Oil prices saw an uptick in early Asian trade on Tuesday after significant losses on Monday due to eased concerns over an escalating Middle East conflict. Brent crude futures for December gained 0.7% to reach $71.94 per barrel, while West Texas Intermediate crude futures similarly rose 0.7%, hitting $67.87 per barrel at 00:17 GMT.
The recent downturn followed an Israeli strike over the weekend, which notably avoided Iranian oil and nuclear assets. This limited fear of a severe escalation in regional conflict and led traders to reduce the previously high-risk premium in oil prices.
Middle East Tensions and Retaliation Threats
Despite Monday's market reaction, tension in the Middle East remains high. After Israel’s retaliatory strike in response to Iran’s October attack, Tehran threatened potential retaliation, keeping supply risk alive. Israel has signaled no intent to ease military actions against groups like Hamas and Hezbollah, reducing prospects for a truce.
Upcoming U.S. Election and Economic Data Impact
Market sentiment remains volatile ahead of the upcoming U.S. presidential election, with traders closely monitoring the race between Donald Trump and Kamala Harris. A potential Trump victory is expected to lead to inflationary policies, which could impact global oil markets.
Adding to the uncertainty, upcoming economic indicators from China and the U.S. – including the Purchasing Managers Index (PMI), U.S. GDP, and the PCE Price Index – will provide further insight into oil demand trends.
