Global oil benchmarks surged this week, with Brent crude crossing the $110 threshold for the first time since May and WTI posting its steepest weekly percentage jump since July, driven by Middle East supply anxieties and shipping disruptions.
Beijing is fast-tracking its campaign to expand the yuan's role in global finance, moving well beyond trade settlement toward a broader currency ecosystem that could reshape foreign exchange dynamics.
A conflict-of-interest question has emerged around Bo Hines, who drafted landmark stablecoin legislation in the Trump White House while his company Nxum received multi-million-dollar funding from Tether, then joined the crypto giant as U.S. chief.
Chinese government debt has bucked the broader global bond selloff, with fund managers citing a resilient yuan and a weak domestic economy as catalysts for further upside.
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Japan's benchmark index posted a modest 0.3% gain as market participants made tactical adjustments to their portfolios while awaiting the latest U.S. consumer price data for signals on the Federal Reserve's rate path.
Asian stock markets pulled back as the artificial intelligence trade, a major driver of this year's gains, faced renewed selling pressure ahead of a pivotal earnings period.
The Kuala Lumpur Composite Index broke free of a two-day losing streak on Friday, closing just below the 1,610 threshold, and analysts see potential for further upside into Monday's session.
After back-to-back sessions of losses that cost the index over 510 points, traders are watching whether the Taiwan Stock Exchange can stage a modest recovery on Monday.
The Straits Times Index broke a painful three-day losing streak on Monday, reclaiming ground after a nearly 6 percent decline, though Tuesday's session could see the index slip back below key levels.
US equities ended Monday in mixed territory, with the Dow posting a modest gain while the S&P 500 and Nasdaq 100 slipped amid a spike in crude oil prices and weakness across semiconductor names.
After three straight down closes that stripped nearly 300 points from the benchmark index, the STI now rests just above 5,400, with observers expecting bargain hunters to step in and prop up the market on Monday.
U.S. equities ended the trading session in positive territory as market participants braced for a pivotal week of corporate earnings reports.
The Crypto.com spin-off joins Coinbase, Kalshi, and Payward in a growing wave of filings to bring non-expiring, cash-settled futures on individual US equities to regulated American markets.
The CFTC has asked a federal court to throw out CME Group's lawsuit, arguing the exchange cannot demonstrate any actual financial harm and that any registered venue is free to list perpetual futures on digital assets.
Crude rose in early Asian trading after reports of no progress in U.S. and Iran talks aimed at reopening the Strait of Hormuz, a crucial oil shipping lane.
Global oil benchmarks surged this week, with Brent crude crossing the $110 threshold for the first time since May and WTI posting its steepest weekly percentage jump since July, driven by Middle East supply anxieties and shipping disruptions.
Beijing is fast-tracking its campaign to expand the yuan's role in global finance, moving well beyond trade settlement toward a broader currency ecosystem that could reshape foreign exchange dynamics.
Chinese government debt has bucked the broader global bond selloff, with fund managers citing a resilient yuan and a weak domestic economy as catalysts for further upside.
Advertisement
A conflict-of-interest question has emerged around Bo Hines, who drafted landmark stablecoin legislation in the Trump White House while his company Nxum received multi-million-dollar funding from Tether, then joined the crypto giant as U.S. chief.
Polls and prediction markets point to a likely Democratic takeover of the House ahead of the November 3, 2026 vote, setting the stage for heightened oversight of crypto regulators, new tax legislation, and renewed scrutiny of firms tied to the Trump administration.
A Florida federal court has ordered two individuals to pay over $30 million in restitution and penalties after allegedly defrauding more than 9,000 investors in a scheme spanning cryptocurrencies and precious metals.
Stock
The Straits Times Index broke a painful three-day losing streak on Monday, reclaiming ground after a nearly 6 percent decline, though Tuesday's session could see the index slip back below key levels.
Stock
Asian stock markets pulled back as the artificial intelligence trade, a major driver of this year's gains, faced renewed selling pressure ahead of a pivotal earnings period.
Stock
US equities ended Monday in mixed territory, with the Dow posting a modest gain while the S&P 500 and Nasdaq 100 slipped amid a spike in crude oil prices and weakness across semiconductor names.
Stock
The Kuala Lumpur Composite Index broke free of a two-day losing streak on Friday, closing just below the 1,610 threshold, and analysts see potential for further upside into Monday's session.
Indicative FX reference rates against the US dollar. · Updated 17 Oct, 00:02 UTC
