China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
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 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
The euro edged closer to its strongest level in nearly four years on Thursday, buoyed by optimism over new trade agreements between the United States and key partners, including the European Union and Japan. The potential U.S.-EU deal may feature a 15% baseline tariff on EU goods with possible exemptions, according to European diplomats. This follows Washington’s agreement with Tokyo, which reduces auto tariffs and secures a $550 billion package of U.S.-bound investment and loans.
Global markets responded positively, with investors shifting away from the U.S. dollar and risk-sensitive currencies rallying. The Australian dollar climbed to an eight-month high of $0.6604, while the euro traded at $1.1768, near the $1.1830 peak hit earlier this month, marking its highest level in over three years. The U.S. dollar slipped 0.03% against the yen to 146.38, extending its decline for a fourth session despite Japan’s ongoing political uncertainty following Prime Minister Shigeru Ishiba’s denial of resignation rumors after an election defeat.
Sterling held firm at $1.3582, while the New Zealand dollar hovered at $0.6046. The U.S. dollar index remained steady at 97.21.
Beyond trade negotiations, market focus has shifted to the European Central Bank’s upcoming rate decision. While no immediate policy change is expected, investors are watching closely for signals on future monetary easing, with another rate cut anticipated by December. The recent trade breakthroughs and potential ECB actions are shaping currency market dynamics, reinforcing risk appetite amid easing geopolitical tensions.
