Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
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 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Oil prices extended their decline in Asian trading on Monday, pressured by weak demand outlooks and expectations of an oversupplied market. Despite geopolitical tensions in the Middle East, both Brent and West Texas Intermediate (WTI) crude futures remained near five-month lows.
Brent crude for December delivery slipped 0.3% to $61.11 per barrel, while WTI fell 0.4% to $57.33 per barrel by 20:40 ET (00:40 GMT). Both benchmarks dropped over 2% last week, reflecting continued market pessimism over global energy demand.
Although hostilities flared between Israel and Hamas over the weekend, oil prices saw limited upside. Israel confirmed the resumption of a U.S.-brokered ceasefire in Gaza after retaliatory attacks left two Israeli soldiers and nearly 30 Palestinians dead. The truce, originally agreed upon in early October, had already dampened oil’s risk premium by reducing fears of broader regional disruption.
Investor focus also shifted to U.S. diplomatic efforts to mediate ceasefires between Russia and Ukraine, and renewed trade tensions between Washington and Beijing. These global uncertainties have compounded existing worries about slowing consumption and growing inventories.
The International Energy Agency (IEA) recently issued a bearish outlook, warning that consistent production hikes by OPEC and its allies could trigger a supply overhang as early as 2026. Meanwhile, sluggish economic data from top oil importer China, including the upcoming third-quarter GDP report, added to fears of softening demand.
In the U.S., the ongoing government shutdown has delayed key economic data releases and weighed on local fuel demand. Despite occasional support from conciliatory U.S.-China statements, traders remain cautious as rising output and weakening consumption threaten to deepen the oil market’s downturn.
