Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
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Oil prices declined in Asian trading on Thursday following a one-week high, pressured by a surprise build in U.S. crude inventories and renewed geopolitical developments.
Brent crude futures dipped 0.3% to $75.83 per barrel, while WTI crude futures slipped 0.4% to $71.82. The downturn was driven by a 3.34 million barrel surge in U.S. crude stockpiles, as reported by the American Petroleum Institute (API), surpassing expectations of a 2.2 million barrel rise. Gasoline inventories also increased by 2.83 million barrels, while distillate stocks fell by 2.69 million barrels, signaling mixed demand trends. Traders now await the U.S. Energy Information Administration’s (EIA) official data for further market direction.
Meanwhile, high-level talks between U.S. and Russian officials in Saudi Arabia have sparked speculation about a potential resolution to the Ukraine conflict. The absence of Ukrainian representatives in these negotiations has raised concerns about the legitimacy of any resulting agreement. A successful deal could ease sanctions on Russian oil, boosting global supply and weighing further on prices.
Despite bearish pressures, supply concerns have provided some support. Ukrainian drone strikes targeted a key Russian crude-pumping station, temporarily disrupting Kazakhstan’s oil exports. Additionally, harsh winter conditions in the U.S. are expected to cut North Dakota’s oil output by 150,000 barrels per day.
Further stabilizing prices, reports suggest OPEC+ may delay increasing production due to market fragility. Analysts at ING warn that if the group holds back supply hikes, it could erase this year’s projected surplus, lending support to oil prices.
Investors remain focused on upcoming supply-demand data and geopolitical shifts, with volatility likely to persist in the near term.
