Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
ECB May Stop Rate Hikes After December, Capital Economics Says 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed Unveils Stablecoin Rules Under GENIUS Act 
South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Fed Unveils Stablecoin Rules Under GENIUS Act 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
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Oil Prices Fall After Reaching One-Month Highs
Oil prices dipped in Asian trading on Tuesday, retracting from the one-month highs achieved last week due to heightened concerns over the Middle East conflict. Traders initiated profit-taking, pushing down Brent crude futures for December by 0.6% to $80.42 a barrel and West Texas Intermediate (WTI) crude futures by 0.6% to $76.04.
Dollar Strength Limits Oil Gains
Further gains were tempered by a stronger U.S. dollar, which was buoyed by expectations of fewer U.S. interest rate cuts. A strong dollar typically makes oil more expensive for holders of other currencies, limiting demand.
Hurricane Milton Poses Limited Supply Disruption
Hurricane Milton, the second major storm to hit the U.S. this month, has raised concerns about possible disruptions to oil production. While the hurricane is projected to avoid significant Gulf of Mexico oil infrastructure, some regional ports may impose restrictions, potentially delaying oil shipments.
Middle East Tensions Continue to Drive Market Anxiety
The ongoing conflict in the Middle East remains a key factor influencing oil prices. Intensified fighting between Israel and Hezbollah, alongside Iran’s involvement, has raised fears of broader regional escalation. The potential for supply disruptions from key oil-producing regions, particularly if Israel targets Iran’s oil facilities, remains a looming threat.
China's Market Reopening and Stimulus Measures
The reopening of Chinese markets, following a week-long holiday, is also being watched closely by oil traders. China, the world’s largest oil importer, recently announced major stimulus measures, which could boost oil demand and influence global prices.
