Asian Markets Mixed as Oil Rallies and Fed Rate Hike Odds Climb
Asian markets trade mixed on Thursday after the Fed held rates, while WTI crude rose above $103 on Iran strike fears, per TradingView.
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what happened
Asian markets are trading mixed on Thursday, following a broadly positive session on Wall Street. Traders are cautiously optimistic after the US Federal Reserve left interest rates unchanged despite inflationary pressure from sharply higher crude oil prices.
Reports of possible US attacks on Iran by next week are raising concerns about crude supply disruption, which could last for an indefinite period. December WTI rose 3.12% to $103.02 per barrel. The S&P/ASX 200 gained 0.39%, while the Nikkei 225 traded above the 64,100 level.
why it matters
The Fed's next policy meeting is scheduled for December 8-9. According to the CME Group FedWatch Tool, cited by TradingView, markets price an 85% chance of a quarter-point rate hike. For investors, expensive oil combined with the prospect of tighter Fed policy remains the main source of uncertainty, while the dollar holds near 157 yen.
market impact
Asian stocks and oil: higher crude prices and tighter Fed expectations create a mixed backdrop
instruments
sources
- Asian Markets Trade Mixed — TradingView, 29 October 2026 at 03:26 UTC
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