RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
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 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil prices retreated slightly in Asian trading on Thursday after reaching seven-week highs, as markets weighed an unexpected drop in U.S. crude inventories against rising geopolitical risks tied to Russia. As of 21:23 ET (01:23 GMT), Brent crude futures for November delivery slipped 0.3% to $69.09 per barrel, while West Texas Intermediate (WTI) crude fell 0.4% to $64.72 per barrel.
The pullback followed strong gains in the previous session, when both benchmarks surged more than 2% after the U.S. Energy Information Administration (EIA) reported a surprise draw in oil stockpiles. According to the EIA, U.S. crude inventories fell by 607,000 barrels in the week ending September 19, defying analyst forecasts for a build of around 800,000 barrels. Gasoline inventories dropped by 1.1 million barrels to 216.6 million, while distillate fuel supplies, including diesel and heating oil, declined by 1.7 million barrels to 123 million. The declines were attributed to stronger refinery runs and a modest uptick in demand.
Beyond inventory data, geopolitical tensions remain a key driver of oil markets. U.S. President Donald Trump delivered a sharper warning to European nations over reliance on Russian oil during his address at the United Nations, raising the prospect of new sanctions that could target Russia’s energy exports. Although no immediate measures were announced, the hawkish rhetoric heightened fears of supply disruptions. Recent Ukrainian strikes on Russian energy infrastructure have also fueled concerns of reduced Russian oil flows, keeping a risk premium in place.
While supply-side pressures and geopolitical uncertainty continue to support prices, profit-taking after sharp gains limited further upside in Asian trading. Market watchers are closely monitoring U.S. policy signals and developments in Russia, with expectations that ongoing tensions could maintain volatility in crude markets.
