Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Oil prices remained largely unchanged early Thursday after closing at two-week lows in the previous session, weighed down by sluggish demand and an ongoing global supply glut. Brent crude futures edged up by just 2 cents, or 0.03%, to $63.54 a barrel at 0127 GMT, while U.S. West Texas Intermediate (WTI) futures held steady at $59.60 per barrel.
According to J.P. Morgan, global oil demand has risen by 850,000 barrels per day (bpd) so far this year, slightly below the bank’s earlier projection of 900,000 bpd. The firm noted that “high-frequency indicators suggest U.S. oil consumption remains subdued,” citing weak travel activity and reduced container shipping volumes as contributing factors.
In Wednesday’s session, oil prices dropped further after the U.S. Energy Information Administration (EIA) reported a larger-than-expected rise in crude inventories. U.S. crude stocks increased by 5.2 million barrels last week to 421.2 million barrels, far exceeding expectations for a modest 603,000-barrel gain. This unexpected build-up added to concerns about oversupply in the market.
Capital Economics predicted that downward pressure on oil prices will persist into the coming years. The firm expects Brent crude to average $60 per barrel by the end of 2025 and fall further to around $50 by the end of 2026.
Global oil prices declined for a third consecutive month in October, as fears of an oversupplied market continued to intensify. The Organization of the Petroleum Exporting Countries (OPEC) and its allies have been ramping up production, while non-OPEC producers also maintain robust output levels.
With weak global demand and rising inventories, analysts anticipate that oil markets will remain under pressure, keeping prices volatile in the near term.
