investingLive Asia-Pacific market news: Saudi-Houthi attacks and Gulf storm lift oil

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Houthis claim strikes on three Saudi sites including Riyadh airport, unconfirmedHouseholds weather RBA hikes as debt-to-asset ratio hits 1997 low, Deutsche Bank saysRBI decision today: most economists expect a hike to 5.50%, MUFG sees a holdEther fi joins the stablecoin rush: why every crypto platform wants its own dollarRBI expected to hold at 5.25% today, MUFG sees two hikes by FebruaryAdd a new risk to keep oil near $100: Gulf hurricane joins Houthi strikes and Iran tensionsTwo veteran bond bears turn bullish on long Treasuries as yields top 5%Goldman Sachs sees five drivers behind US rates selloff, says move may be overdoneGlamsterdam in plain English: how Ethereum plans to cut out the middlemen in block buildingJapan real wages rise for eighth straight month, backing case for BOJ hikesBitcoin holds firm as weak US jobs data cuts Fed hike odds but yields stay highJapan factory mood hits near five-year high as services sentiment drops six pointsRussia to buy about 280 billion rubles of gold and currency as oil clears fiscal cut-offUS oil inventory preview: five terms to know before Wednesday's EIA dataJapan media reports: BOJ's Sato, one of two September dissenters, backs gradual rate hikesRBA papers show a 20% AI stock slump could cut Australian spending by about 2.5%Perth Mint gold sales nearly double to seven-month high as prices slideOil: Hormuz tanker captains offered about $100,000 a month as crews weigh war riskinvestingLive Americas FX news wrap 6 Oct: S&P/Nasdaq set records as oil rebounds and the U.S. trade deficit widensOil: Private survey of inventory shows a headline crude oil drawBrent holds near $100 as three forces pull oil prices in opposite directionsSummary:Oil rose on escalating Saudi-Houthi hostilities and a storm heading for US Gulf oil regionsHouthi claims of strikes on Riyadh's main airport and other Saudi sites remain unconfirmed by Saudi authoritiesGold slipped as the dollar and yields firmed. China's central bank added to its gold reserves for a 23rd straight month in SeptemberThe dollar gained across major currencies, with USD/JPY rising towards 158.50 and EUR/USD dipping below 1.1240FOMC minutes are due on Wednesday at 2:00 pm ET (18:00 GMT), and Chinese markets reopen on Thursday after the Golden Week holidayIn company news, Elon Musk's SpaceX is seeking to raise $40 billion, led by Apollo, to buy Nvidia AI chips, the FT reported, with about $10 billion in bank loans and $30 billion in investment-grade debtOilOil prices rose on Wednesday, with US West Texas Intermediate crude returning above $90 a barrel, as continued hostilities between Saudi Arabia and Yemen's Iran-backed Houthis and a storm approaching US oil-producing regions raised concern about supply disruptions.The storm forming in the Gulf of Mexico is expected to become the first Atlantic hurricane of 2026 and could affect offshore production and coastal refineries. Separately, the Houthis said they attacked Riyadh's King Khalid International Airport, Abha Airport and an air base at Khamis Mushait. Saudi authorities had not confirmed those claims. Confirmed attacks on airports in Jazan and Najran on Monday injured three people.Gains were capped by better supply news earlier in the week. Industry data from the American Petroleum Institute showed a drop in US crude stocks last week, and official Energy Information Administration figures are due at 10:30 am ET (14:30 GMT).GoldGold edged lower as the dollar firmed and Treasury yields rebounded alongside oil. China's central bank extended its gold buying to a 23rd consecutive month in September, official data showed. The People's Bank of China's holdings rose to around 77.5 million fine troy ounces at the end of the month from around 76.7 million in August.China has kept buying despite sharp swings in prices this year. The value of its gold reserves fell to around $324 billion from around $350 billion a month earlier, reflecting a decline of more than 6% in gold prices during September.Currencies and ratesThe US dollar gained against major currencies. USD/JPY rose towards 158.50, while EUR/USD slipped back below 1.1240. Treasuries fell about seven ticks, with yields rebounding in step with oil prices as traders awaited the minutes of the Federal Reserve's most recent policy meeting.Asia-PacificIn Japan, real wages rose for an eighth straight month in August, while a Reuters survey showed manufacturer confidence near a five-year high even as service-sector sentiment fell sharply. Bank of Japan board member Ayano Sato, who opposed September's rate hike, said she supports raising rates gradually without a pre-set pace.In Australia, internal Reserve Bank documents reported by Bloomberg showed staff modelling of the spending impact of a correction in AI stocks. Deutsche Bank said households are proving more resilient to rate hikes than expected.The Reserve Bank of India announces its policy decision at 04:30 GMT, with most economists expecting a 25 basis point hike to 5.50%.AheadFOMC minutes are due on Wednesday at 2:00 pm ET (18:00 GMT). Chinese markets reopen on Thursday, 8 October, after the Golden Week holiday. This article was written by Eamonn Sheridan at investinglive.com.