Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
Industrial production in Eurozone dropped for the second straight month in October, against market expectations of a positive reading. Also, fall in production of non-durable consumer goods deepened the cause.
Eurozone’s industrial production was down 0.1 percent from September, when it was down 0.0 percent, data released by the statistics agency Eurostat showed Wednesday. Economists had been expecting a 0.2 percent rise.
The decrease during the month was attributed to the production of non-durable consumer goods falling by 1.5 percent and intermediate goods by 0.5 percent. Meanwhile production of energy rose by 0.8 percent, capital goods by 1.0 percent and durable consumer goods by 1.5 percent.
However, on the year, industrial production in the euro bloc was up 0.6 percent, below expectations of a 0.8 percent rise. In the EU-28 group of countries, industrial production was down 0.3 percent on the month but increased by 0.5 percent on the year.
Meanwhile, the EUR/USD traded at 1.06, up 0.23 percent, while at 12:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 64.20 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
