Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Oil prices jumped in Asian trading on Tuesday, rebounding from a four-year low driven by demand concerns and rising global supply. Brent crude futures climbed 1.3% to $61.04 per barrel, while West Texas Intermediate (WTI) rose 1.4% to $57.54.
The recovery comes despite ongoing pressure from the U.S.-China trade war, which has significantly weakened global oil demand. Although both nations have hinted at renewed trade talks, no concrete progress has been made, keeping market sentiment cautious. Recent economic data from both countries—including slowing Chinese services growth and a surprise U.S. GDP contraction—have further fueled concerns about reduced energy consumption.
Adding to the market’s instability, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced steeper-than-expected production increases over the weekend. Saudi Arabia is set to lead efforts to unwind more than two years of output cuts, with member states pushing to boost exports and offset price declines.
Meanwhile, U.S. shale production may have reached its peak. Diamondback Energy (NASDAQ:FANG), a key player in the Permian Basin, warned that American onshore oil output has likely peaked and will decline this quarter. The company cited unprofitable price levels and slashed its 2025 production and capital expenditure forecasts, contradicting recent calls from President Trump to ramp up energy production.
With oil supply rising and demand outlook weakening, markets remain volatile. While Tuesday’s price bounce offered some relief, analysts caution that structural challenges in global demand and U.S. output could keep oil prices under pressure in the near term.
