Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
The U.S. dollar traded within a narrow range Tuesday, stabilizing after Monday’s dip as investors eyed trade negotiations ahead of the August 1 tariff deadline. With limited progress reported, U.S. Treasury Secretary Scott Bessent emphasized that the administration prioritizes deal quality over timing. While an extension remains possible, President Donald Trump will decide based on the productivity of ongoing talks.
The Japanese yen, which rose 1% on Monday following Japan’s upper house election, held most of its gains. The election result—while a setback for Prime Minister Shigeru Ishiba’s ruling coalition—was already priced in, keeping the broader market response subdued. The yen traded slightly lower at 147.65 in early Asia.
Analysts warn that growing political uncertainty in Japan could hinder trade deal progress with the U.S. and weigh on the yen. MUFG’s Lee Hardman noted that initial relief post-election may be short-lived due to complications in bilateral negotiations.
Elsewhere, market attention remains on the Federal Reserve amid concerns about its independence, as Trump continues pressuring Fed Chair Jerome Powell over rate decisions. Despite this, Capital Economics expects steady U.S. data and tariff-driven inflation to keep rates unchanged through 2026, supporting dollar strength in coming months.
The euro slipped 0.12% to $1.1684 ahead of a European Central Bank rate decision, while the pound dipped 0.03% to $1.3488. The dollar index edged up to 97.94 after Monday’s 0.6% decline.
Commodity-linked currencies also weakened slightly, with the Australian dollar at $0.6522 and the New Zealand dollar at $0.5960. Overall, lingering uncertainty over global tariffs and central bank policy continues to keep forex markets rangebound.
