Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Oil prices edged higher on Wednesday, supported by solid fuel demand in the U.S. and China and improving global economic sentiment. Brent crude rose 0.42% to $69 a barrel, while U.S. West Texas Intermediate (WTI) climbed 0.6% to $66.92, recovering from a two-day decline.
Traders are optimistic as strong seasonal demand—driven by summer travel and industrial activity—continues to support oil prices despite lingering concerns over U.S. trade policies. Market fears of supply disruption eased after President Trump’s threat of tariffs on Russian oil was largely dismissed.
LSEG analysts noted that increased gasoline consumption during the U.S. Fourth of July holiday highlighted resilient demand, helping to counter bearish sentiment from rising inventories and tariff tensions. Meanwhile, China’s June economic data showed slower-than-expected growth, but signs of stability reassured investors. Crude oil throughput in China surged 8.5% year-on-year, the highest since September 2023, reflecting stronger domestic fuel demand and improved refinery margins.
Global economic recovery also bolstered sentiment. The Organization of the Petroleum Exporting Countries (OPEC) forecast better economic performance in the latter half of 2025, with stronger oil demand from emerging economies like India, China, and Brazil. Recovery in the U.S. and European Union added to the positive outlook.
Oil markets remain in a tight range as investors weigh robust demand against macroeconomic risks. Still, signs of sustained consumption and a stable economic backdrop from major importers suggest support for crude prices in the near term.
