Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian markets fell on Tuesday as investors reacted to the U.S.-EU trade deal, which introduced steep tariffs likely to weigh on global growth and inflation. Relief from avoiding harsher measures faded when Europe’s new 15% levy was compared to the previous 1–2% rates before President Donald Trump took office.
European leaders, including those in France and Germany, warned the higher tariffs would drag on growth, sending regional stocks and bond yields lower and pressuring the euro. The common currency slid 1.3% overnight to $1.1592, its steepest drop since May, with support seen at $1.1556. Meanwhile, the U.S. dollar index rose to 98.674, with gains against the yen at 148.63.
Trump further signaled plans for a “world tariff” of 15–20% on non-deal trading partners, potentially the highest rates since the 1930s. JPMorgan economists called the shift a “big shock” to global trade, warning recession risks remain elevated at 40%.
Oil prices extended gains after Trump set a 10–12 day deadline for Russia to progress on ending the Ukraine war or face tougher sanctions. Brent crude held at $70.10 a barrel, while U.S. crude stayed at $66.73.
MSCI’s Asia-Pacific index excluding Japan dropped 0.7%, Japan’s Nikkei fell 0.8%, and Chinese blue chips dipped 0.1%. European futures steadied, with EUROSTOXX 50 up 0.2%. U.S. futures rose modestly ahead of earnings from Apple, Microsoft, and Amazon.
Treasury yields hovered at 4.408% as markets priced in a 97% chance the Federal Reserve will hold rates steady at 4.25–4.5% this week. Attention turns to upcoming U.S. data, including GDP, job openings, and payrolls, which could influence September rate cut expectations. Gold remained flat at $3,316 an ounce.
