Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
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Oil prices edged lower in Asian trading Thursday, easing after a recent rebound as concerns over a potential U.S. recession and increasing production weighed on sentiment. Brent crude futures slipped 0.2% to $70.83 per barrel, while West Texas Intermediate (WTI) crude fell to $67.24.
Despite a brief recovery from three-year lows, oil remains under pressure in 2025 due to softening demand and rising global supply. A weaker U.S. dollar and a sharper-than-expected decline in U.S. gasoline inventories provided temporary support, but worries over slowing economic growth and a U.S.-led trade war persist.
OPEC+ reported a production increase of 363,000 barrels per day in February, reaching 41.01 million bpd as the group continues to roll back production cuts. Kazakhstan led the rise, and additional output is expected in April, raising concerns of oversupply in a weakening market. However, OPEC+ maintained its 2025 demand growth forecast at 1.45 million bpd, expressing confidence in global economic resilience despite mounting trade tensions.
Investor sentiment remains fragile after U.S. President Donald Trump imposed steep tariffs on steel and aluminum, warning of further trade restrictions. His aggressive stance on China, the world’s top oil importer, has fueled fears that escalating trade tensions could dampen demand.
A softer-than-expected U.S. consumer price index report temporarily lifted oil prices by weakening the dollar, but concerns over a potential recession linger. Market watchers now await the U.S. producer price index report for further economic signals.
With global supply rising and demand outlook uncertain, oil markets remain volatile, driven by economic headwinds and geopolitical risks.
