Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
The U.S. dollar dipped slightly on Thursday following a trade agreement between the U.S. and Vietnam, boosting hopes for more deals ahead of the critical July 9 tariff deadline. Meanwhile, investors are turning their focus to June’s U.S. jobs report for signs of the Federal Reserve’s next move on interest rates.
The ADP private payrolls report released Wednesday showed a decline for the first time in over two years, prompting traders to adjust their rate cut expectations. According to the CME FedWatch tool, the probability of a Fed rate cut in July rose to 25%, up from 20% the day before.
Sterling recovered modestly after a steep drop the previous session, as U.K. Prime Minister Keir Starmer reaffirmed support for Finance Minister Rachel Reeves. The pound had fallen nearly 1% after concerns resurfaced over Britain’s fiscal outlook, following a parliamentary setback on welfare reforms.
In currency markets, the pound edged up to $1.3647, the euro held steady at $1.1806, and the yen firmed to 143.56 per dollar. The U.S. dollar index remained weak at 96.701, tracking a 0.5% weekly decline and hovering near 3.5-year lows.
President Donald Trump’s announcement of a new trade deal with Vietnam included a 20% tariff on Vietnamese goods and a steep 40% tariff on trans-shipments, sending a signal of global supply chain restructuring. Analysts warn of potential retaliation from China and further disruptions ahead.
Adding to fiscal concerns, the House Republicans are facing resistance on Trump’s massive tax-cut and spending bill, projected to add $3.3 trillion to the national debt. Global bond markets are increasingly jittery as government deficits rise in the U.S. and beyond.
