RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
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 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
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 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil prices rose on Tuesday as easing tensions between the United States and China lifted investor sentiment and revived hopes for stronger global fuel demand.
U.S. Treasury Secretary Scott Bessent said President Donald Trump is committed to meeting Chinese President Xi Jinping later this month in South Korea, signaling a potential breakthrough in strained trade relations. Bessent added that the two sides had “substantial communications” over the weekend, with more talks scheduled in the coming days.
Brent crude futures increased by 18 cents, or 0.28%, to $63.50 a barrel by 0000 GMT, while U.S. West Texas Intermediate (WTI) crude gained 16 cents, or 0.27%, to $59.65. In the previous session, Brent rose 0.9%, and WTI climbed 1%.
The prospect of improved U.S.-China trade relations has historically supported oil markets, as optimism about global economic growth typically boosts energy demand. However, lingering tensions — including Beijing’s new export controls on rare earths and Trump’s threats of 100% tariffs and software export restrictions starting November 1 — continue to weigh on investor confidence. Oil prices recently hit their lowest levels since May before rebounding this week.
Daniel Hynes, an analyst at ANZ, noted that “the oil industry continues to navigate geopolitical challenges,” adding that China’s decision to impose levies on U.S.-owned vessels, including oil tankers, had triggered cancellations and driven up shipping rates.
Further tempering gains, Trump announced the end of the two-year Gaza war, a move that may ease Middle East supply concerns. Meanwhile, OPEC+ stated in its latest monthly report that the global oil supply shortfall is expected to narrow in 2026 as the group continues with planned production increases.
