ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Oil prices rose about 1% in early Asian trading on Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a smaller-than-expected production increase for November, easing market concerns over potential oversupply.
Brent crude futures gained 63 cents, or roughly 1%, to reach $65.16 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed 58 cents to $61.46. Analysts attribute the rise to OPEC+’s cautious move to boost output by only 137,000 barrels per day (bpd) next month—matching October’s modest increase.
Independent analyst Tina Teng said the price uptick was mainly driven by OPEC+’s decision to slow the pace of production hikes, aiming to stabilize oil markets after recent declines. However, she noted that crude prices may continue to face downward pressure due to a weakened global economic outlook.
In pre-meeting discussions, Russia pushed for maintaining the 137,000 bpd increase to prevent downward price pressure, while Saudi Arabia favored a larger output boost to regain market share. Despite these differing views, the group ultimately prioritized market balance amid fears of a potential supply glut.
Analysts from ANZ commented that the restrained production rise is “manageable” given ongoing supply disruptions tied to U.S. and European sanctions against Russia and Iran. Meanwhile, Ukraine’s intensified attacks on Russian energy infrastructure, including the Kirishi refinery, one of the country’s largest with an annual capacity exceeding 20 million tonnes, added further uncertainty to global supply stability.
Additionally, the Group of Seven (G7) finance ministers reaffirmed plans to tighten sanctions on Russian oil exports and penalize entities helping Moscow circumvent restrictions. These actions are part of the West’s continued efforts to limit Russia’s energy revenues amid its ongoing war in Ukraine.
With geopolitical tensions rising and economic forecasts softening, oil prices remain caught between tight supply conditions and sluggish global demand, leaving markets braced for continued volatility.
