Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil prices slipped in Asian trade on Tuesday, hovering near five-month lows as concerns about a global supply glut and weakening demand weighed heavily on market sentiment. The easing of geopolitical tensions in the Middle East and lower expectations of new U.S. sanctions on Russia further reduced risk premiums that had previously supported crude prices.
Brent crude futures for December dropped to $61.00 per barrel, while West Texas Intermediate (WTI) crude fell 0.1% to $57.45 per barrel by 20:29 ET (00:29 GMT). Both benchmarks extended their three-week losing streak, reflecting persistent market worries about oversupply and slowing global energy consumption.
Data from analytics firm Vortexa revealed that over 1.2 billion barrels of crude are currently in transit, signaling an excess of oil supply. This surge stems from increased output by the Organization of Petroleum Exporting Countries and its allies (OPEC+), which have been steadily unwinding production cuts implemented over the past two years. Rising exports from the Americas, particularly the U.S. and Brazil, have further expanded global supply levels, following U.S. President Donald Trump’s push for higher domestic energy output and lower fuel prices.
Geopolitical developments also contributed to market pressure. A U.S.-brokered ceasefire between Israel and Hamas appeared to be holding after a weekend of violence that left nearly 40 dead, leading traders to discount risks of further disruptions in Middle Eastern oil supply. Meanwhile, reports suggesting Trump urged Ukrainian President Volodymyr Zelensky to concede territory to Russia reduced expectations of tougher sanctions on Moscow’s energy exports.
Analysts at ANZ noted that Trump’s shifting stance on the Russia-Ukraine conflict has lowered the likelihood of new restrictions on Russian oil, keeping its exports steady and intensifying global oversupply concerns.
