Dollar Holds Near Two-Month High as Yen Approaches 160 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
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European stocks traded slightly higher on Thursday as investors awaited key monetary policy signals from the European Central Bank (ECB) and fresh U.S. inflation data. At 07:05 GMT, Germany’s DAX inched up 0.1%, France’s CAC 40 rose 0.3%, and London’s FTSE 100 gained 0.3%.
Markets remain focused on the ECB meeting in Frankfurt, where policymakers are expected to keep interest rates unchanged. The central bank halved its key rate to 2% earlier this year and has since paused further action as inflation cooled and growth steadied. However, with U.S. President Donald Trump imposing 15% tariffs on European imports, sluggish regional growth, and political uncertainty in France, the ECB is likely to keep the door open for future rate cuts. Inflation is projected to slip below the 2% target in 2026, leaving room for additional easing if necessary.
Investors are also bracing for U.S. consumer price index (CPI) data, which could heavily influence the Federal Reserve’s policy meeting next week. Headline CPI is forecast to rise 2.9% in August, with core inflation at 3.1%. A 25 basis-point Fed rate cut is widely anticipated, though a sharper-than-expected inflation spike could shift expectations toward a larger move.
In corporate news, Energean Oil & Gas announced over $4 billion in new long-term gas contracts in the first half of 2025, boosting its total contracted revenues to about $20 billion over the next 20 years.
Meanwhile, crude oil prices slipped as U.S. demand concerns outweighed supply risks. Brent fell 0.1% to $67.41 a barrel, while WTI dipped 0.2% to $63.57. U.S. crude inventories jumped by 3.9 million barrels last week, with gasoline stocks also rising unexpectedly, raising fresh concerns about weakening demand in the world’s largest energy consumer.
