US Comfortable With Canada Trade Standoff as Import Bans Loom 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
ECB May Stop Rate Hikes After December, Capital Economics Says 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Trump, Xi Focus on Trade and AI at White House Summit 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
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Asian Markets Hold Steady Ahead of Major Tech Earnings; Japan’s Nikkei Climbs on Political Shifts
Japan’s Nikkei Gains Amid Political Changes
Japan's Nikkei 225 and TOPIX indexes stood out among Asian markets, rising 0.3% and 0.9%, respectively. This rise followed news that Japan's ruling coalition lost its majority, leading investors to bet on a potential halt to the Bank of Japan's (BOJ) interest rate hikes. Major gains were led by Nippon Paint Holdings, which surged 24% after announcing a U.S. acquisition.
Muted Trading Across Asia with a Focus on Tech Earnings
Broader Asian markets remained largely unchanged as investors anticipated upcoming earnings reports from U.S. tech giants. Key reports from Alphabet are due Tuesday, with Meta and Microsoft on Wednesday, and Apple and Amazon on Thursday. These earnings are expected to provide critical insights into the health of global markets.
Economic Data in Focus Across Asia
Australia’s ASX 200 saw a 0.5% gain ahead of inflation data due Wednesday. Meanwhile, China’s CSI 300 and Shanghai Composite indexes fell slightly as investors awaited PMI data for October, likely to reflect on recent economic stimulus efforts by Beijing. The Hang Seng Index in Hong Kong gained 0.6% on tech buying, while South Korea’s KOSPI dipped 0.3%.
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