Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
The U.S. dollar held steady on Tuesday, supported by signs of easing trade tensions between Washington and Beijing after President Donald Trump softened his stance on tariffs and hinted at a potential meeting with Chinese President Xi Jinping later this month. The shift in tone comes after a volatile Friday session when Trump abruptly announced 100% tariffs on Chinese exports, only to strike a more conciliatory tone over the weekend.
Treasury Secretary Scott Bessent confirmed that Trump remains committed to meeting Xi in South Korea in late October, boosting investor optimism that both nations are seeking a path to defuse tensions. The development breathed new life into the greenback, keeping the euro below $1.16 at $1.1566, while sterling slipped 0.06% to $1.3328. The New Zealand dollar fell to a six-month low at $0.57145.
Homin Lee, senior macro strategist at Lombard Odier, noted that both the U.S. and China appear to be searching for “an off-ramp” to prevent relations from deteriorating further, emphasizing that a prolonged escalation would be costly for both sides. “We suspect there will be an attempt to achieve an off-ramp,” he said.
Against a basket of major currencies, the dollar edged 0.04% higher to 99.34. The Australian dollar was steady at $0.6516, while the yen weakened 0.2% to 152.57 per dollar. Japan’s markets reopened after a long weekend amid political uncertainty following the collapse of a coalition supporting Sanae Takaichi’s bid to become the nation’s first female prime minister. Despite the turbulence, analysts expect the yen to strengthen, with Nigel Foo of First Sentier Investors saying the exchange rate “should not be at 152.”
Meanwhile, bitcoin dipped 0.36% to $115,380.19, extending last week’s 6% slide as risk sentiment waned. Ether also declined 0.77% to $4,256.42, following a broader crypto market selloff that wiped out over $19 billion in leveraged positions.
