European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian currencies traded largely flat on Thursday, weighed down by weak economic data from China and Australia, while investor focus remained on U.S. trade developments and upcoming labor data. The Chinese yuan (USDCNY) held steady after June’s services PMI came in softer than expected, though still indicating expansion for a 30th straight month. Markets largely brushed off news that the U.S. had eased certain chip export restrictions to China, a sign of improving Sino-U.S. trade ties following a framework deal.
The Taiwan dollar (USDTWD) slipped 0.3%, underperforming regional peers due to its exposure to U.S. chip controls affecting major Taiwanese chipmakers. Meanwhile, the Australian dollar (AUDUSD) dropped 0.2% after May trade data showed a sharp fall in exports, underscoring global demand concerns. The South Korean won (USDKRW) rose 0.3%, while the Singapore dollar (USDSGD) saw modest gains. The Japanese yen (USDJPY) and Indian rupee (USDINR) were mostly unchanged.
The U.S. dollar index inched up 0.1% but stayed near multi-year lows. Traders await June nonfarm payrolls data, due later Thursday, for insights into the Federal Reserve’s interest rate direction. A weaker labor market could support expectations of rate cuts, especially after former President Donald Trump reiterated calls for lower rates while criticizing Fed Chair Jerome Powell.
Additionally, investors are watching the progress of a major U.S. tax and spending bill in Congress. Concerns over its fiscal impact and rising government debt had pressured the dollar and triggered a recent selloff in U.S. Treasuries.
Markets remain cautious ahead of the July 9 deadline for Trump’s proposed “liberation day” tariffs. While a deal with Vietnam was reached, investors await outcomes of U.S. trade negotiations with larger economies like India and Japan.
