Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
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Asian markets showed a cautious recovery on Tuesday as optimism returned over ongoing U.S.-China trade negotiations. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%, while S&P 500 futures gained 0.3%, extending Wall Street’s rebound from Monday after U.S. Treasury Secretary Scott Bessent confirmed that President Donald Trump remains scheduled to meet Chinese leader Xi Jinping in South Korea later this month.
Wall Street had rallied up to 2.2% on Monday, led by chipmakers, as Trump adopted a more conciliatory tone on trade tensions. The rebound followed sharp global selloffs last Friday after Trump’s announcement of 100% tariffs on China reignited fears of a trade war. Market sentiment improved when Trump later signaled openness to negotiations via Truth Social.
Citi analysts suggested trade tensions are unlikely to escalate, citing China’s strong bargaining position that could force the U.S. into a more flexible stance. In Asia, Taiwan’s benchmark led gains with a 2.2% jump, and South Korea’s Kospi advanced 1% after Samsung Electronics forecasted a 32% surge in third-quarter operating profit, supported by robust demand for conventional memory chips.
Japan’s Nikkei fell 1.2% as markets reopened from a holiday, while Australia’s benchmark slipped 0.1%. In currency markets, the U.S. dollar strengthened to 152.40 yen, and the dollar index stood at 99.289. Traders are almost certain the Federal Reserve will cut rates by 25 basis points at its October 29 meeting, with a 97.8% probability priced in, according to CME Group’s FedWatch tool.
Elsewhere, the euro was steady at $1.1566 after French President Emmanuel Macron rejected resignation calls. Brent crude edged up 0.4% to $63.56 per barrel following an OPEC report projecting balanced global oil supply in 2026. Gold rose 0.7% to $4,138.39 per ounce, while Bitcoin and Ether slipped 0.9% and 1.5%, respectively.
