Dollar at 3-month high as traders pare near-term rate cut wagers
Yen frail near 154/dollar, investors wary of intervention risks; Euro at three-month low, pound near five-month low
Gold holds under $4,000 on dollar resilience, Fed rate-cut outlook
Spot gold down by 0.4% at $3,984.49 per ounce, US gold futures for December delivery loss 0.5% to $3,994.40 per ounce
Turkey’s inflation slows to 32.87% in October, falling below expectations
Lower-than-forecast CPI figures may support the central bank’s gradual rate-cutting approach as food and housing costs remain key drivers of price pressure.
OpenAI strikes $38 billion cloud deal with Amazon AWS to boost global AI infrastructure
The seven-year agreement grants OpenAI access to massive computing power, including hundreds of thousands of Nvidia GPUs and tens of millions of CPUs, as it continues a trillion-dollar partnership spree across the tech industry.
Gold steadies on stronger dollar as investors trim rate-cut bets
Spot gold remains flat at $4,000.65 per ounce; US gold futures for December delivery rise 0.4% to $4,010 per ounce
Asia’s factories stumble as US tariffs hit order books
Asia’s manufacturing slows amid weak US demand, Trump’s tariffs; China’s PMIs signal loss of momentum as Trump-Xi tariff truce offers limited relief
Trump says China, other countries can’t have Nvidia’s top AI chips
US president seeks to restrict Nvidia’s advanced Blackwell chips to domestic firms; company plans supply to South Korea
Oil extends gains after OPEC+ pauses first-quarter output hikes
OPEC+ agrees to a small output increase in December; Brent rises 47 cents, or 0.73% to $65.24, WTI up 45 cents or 0.74% to $61.43 a barrel
OPEC+ pauses oil output hikes beyond December amid glut fears
Group agrees output hike of 137,000 bpd for Dec 2025; Oil glut predictions dominate outlook for 2026; New sanctions make it difficult for Russia to raise output
Asian stocks rise on AI sentiment, dollar near 3-month high
Investors remain focused on last week’s key events — central bank meetings and the U.S.-China agreement on a year-long trade truce — though uncertainty persists over whether the truce will hold for its full term
OPEC+ likely to agree small oil output increase for December, sources say
Group likely to agree to 137,000 bpd hike, New sanctions make it difficult for Russia to raise output
Bitcoin breaks October streak with first monthly loss since 2018
Bitcoin set for nearly 5% decline in October; Largest crypto liquidation in history after Trump's tariff announcement
Oil ends slightly up, trade choppy on report, denial of US attack plan on Venezuela
OPEC+ lean towards modest output boost ahead of Sunday meeting, sources say
OPEC+ poised for modest December output hike amid oversupply concerns
Producers weigh a 137,000 bpd increase as sanctions on Russia and fears of a 2026 supply glut shape Sunday’s meeting.
Nvidia’s Jensen Huang hopes to resume chip sales in China, awaits Trump’s decision
During his South Korea visit, the Nvidia CEO expresses optimism for future U.S.-China cooperation on AI technology despite ongoing export restrictions.