Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
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Oil prices continued to decline in Asian trading on Friday, hitting their lowest levels in five months as global markets reacted to geopolitical developments and growing concerns about oversupply. Brent crude futures slipped 0.2% to $60.95 per barrel, while West Texas Intermediate (WTI) fell 0.2% to $57.36 per barrel by 21:14 ET (01:14 GMT). Both benchmarks were poised for a third consecutive weekly loss, falling between 2.5% and 2.9%.
The downturn came after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Budapest to discuss ending the war in Ukraine. The announcement followed reports that Trump would also speak with Ukrainian President Volodymyr Zelensky. While no date was set, the meeting marks the leaders’ second encounter since their August summit in Alaska. Analysts said progress toward a Russia-Ukraine ceasefire could pressure oil prices further, as it might lead to easing U.S. sanctions on Moscow and allow Russian oil exports to increase.
Adding to the bearish sentiment, U.S. data showed crude inventories rising by 3.5 million barrels last week, exceeding expectations and signaling weaker demand ahead of the winter season. Although gasoline and distillate stockpiles declined, the overall inventory build sparked concerns about slowing consumption.
Global demand worries were amplified by weak economic data from China and renewed trade tensions with the United States. The International Energy Agency (IEA) further dampened sentiment, forecasting a larger-than-expected supply surplus in 2026 and warning of deteriorating oil demand.
Oil prices briefly found support after Trump suggested India might halt Russian oil imports, but Indian officials offered little clarity. With geopolitical uncertainty, oversupply risks, and weakening demand, crude markets remain under pressure, suggesting further downside potential in the near term.
