European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Most Asian currencies steadied on Wednesday following overnight losses, as the U.S. dollar strengthened on hotter-than-expected inflation data, reinforcing concerns over President Donald Trump’s ongoing trade tariffs.
The U.S. Dollar Index rose 0.6% overnight, driven by June Consumer Price Index (CPI) data showing a 0.3% monthly increase—the largest gain since January. Core inflation rose 2.9% year-over-year, just under the 3% forecast, but still higher than May’s figure. ING analysts noted early signs of tariff-related price increases in select goods, supporting expectations that inflation could rise further through the summer.
Despite the slightly softer core inflation figure, analysts said the data leaves the door open for a possible Federal Reserve rate cut in September. However, the risk of stronger inflation in July and August could delay any policy easing. Fed Chair Jerome Powell has previously warned that tariffs would likely elevate prices during the summer months.
Investors remain cautious, particularly amid political pressure from Trump and allies calling for Powell’s removal, creating further uncertainty around Fed leadership.
The Japanese yen led overnight losses, with USD/JPY rising nearly 1% before stabilizing. South Korea’s won extended gains, with USD/KRW inching 0.2% higher. The Australian dollar edged up 0.2% after a 0.5% drop the day prior, while the Chinese yuan (USD/CNY and USD/CNH) rose 0.1% each.
The Indian rupee (USD/INR) and Singapore dollar (USD/SGD) traded flat.
Markets remain wary as Trump continues to threaten new tariffs, including a potential 19% duty on Indonesian imports, ahead of an August 1 deadline. While recent tariff threats have not triggered sharp moves, traders are holding back from large positions amid ongoing geopolitical and economic uncertainty.
