Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
European Stock Markets Show Mixed Results
European stock markets traded in a mixed fashion on Tuesday as investors evaluated third-quarter corporate earnings amid uncertainty regarding global economic growth and interest rate trajectories.
As of 03:10 ET (07:10 GMT), Germany's DAX index was up by 0.5%, while France's CAC 40 fell by 0.1%, and the UK's FTSE 100 declined by 0.4%.
IMF to Update Global Growth Forecasts
The European Central Bank recently cut interest rates for the first time back-to-back since 2011 due to concerns over the region's economic activity. Later today, the International Monetary Fund (IMF) will update its global growth forecasts. IMF Managing Director Kristalina Georgieva highlighted a weak outlook for the global economy, emphasizing challenges in China and Europe.
Corporate Updates
In corporate news, HSBC shares dipped 0.4% after announcing the appointment of Pam Kaur as its first female finance chief and a consolidation into four business units. Conversely, SAP stock surged over 5% after raising its full-year targets, driven by a strong cloud business and artificial intelligence growth.
Mulberry rejected a second takeover proposal from the Frasers Group, labeling it as "untenable." InterContinental Hotels saw a 2% decline despite reporting growth in third-quarter room revenue, citing a subdued U.S. market. In contrast, Randstad shares rose 4% after slightly beating quarterly profit expectations.
Oil Prices Dip on Demand Concerns
Oil prices fell due to concerns about global demand, particularly from China. The Brent contract slipped 0.7% to $73.74 per barrel, while U.S. crude futures (WTI) fell 0.7% to $69.54 per barrel. The International Energy Agency's Fatih Birol warned that economic weakness in China would continue to hinder global oil demand.
