Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Wall Street ended the week on a strong note Friday, with major U.S. stock indexes climbing sharply as expectations for a Federal Reserve rate cut in December gained momentum. The rebound helped ease concerns about stretched tech valuations after a turbulent week for global markets.
A broad market rally picked up speed by late morning, lifting the Dow Jones Industrial Average by 493.30 points to 46,245.56. The S&P 500 advanced 0.98% to 6,602.96, while the Nasdaq Composite gained 0.88% to close at 22,273.08.
The surge followed fresh U.S. labor market data, which showed an unexpected uptick in unemployment—a signal that strengthened the market’s confidence in a potential Fed rate cut. According to CME’s FedWatch tool, traders now see a 73.3% chance of a December cut, up from 39.1% just a day earlier.
Comments from New York Fed President John Williams also boosted sentiment. Once viewed as leaning hawkish, his openness to near-term rate cuts shifted market perception toward a more dovish outlook. Analysts say this helped spark Friday’s strong rebound after Thursday’s broad selloff.
Tech stocks also provided support. Strong earnings from AI-driven leaders like Nvidia helped calm fears that the sector’s rapid gains were unsustainable. With nearly all S&P 500 companies having reported third-quarter results, about 83% have beaten earnings expectations, according to LSEG data.
Global markets were more mixed. European stocks fell for the week amid worries about high tech valuations and optimism around Russia-Ukraine peace efforts, which dragged defense shares lower. Asian markets also slipped, with Japan’s Nikkei dropping 2.40%.
In currencies, the dollar steadied but weakened against the yen as Japanese officials increased efforts to curb the yen’s slide. Meanwhile, cryptocurrencies tumbled, with bitcoin falling to multi-month lows.
U.S. Treasury yields dipped as rate-cut bets strengthened, and oil prices fell to a one-month low on developments in the Russia-Ukraine peace push. Gold also edged lower, with spot prices ending at $4,065.29 an ounce.
