Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil prices edged higher on Tuesday after OPEC+ announced a smaller-than-expected production increase, while growing speculation about new sanctions on Russia added further support.
Brent crude rose 22 cents, or 0.33%, to $66.24 a barrel at 0005 GMT, while U.S. West Texas Intermediate (WTI) gained 24 cents, or 0.39%, to $62.50. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed to raise production in October by 137,000 barrels per day. This is significantly lower than the recent monthly increases of 555,000 bpd in August and September, and 411,000 bpd in July and June, surprising analysts who had anticipated a larger boost.
According to ANZ senior commodity strategist Daniel Hynes, the move signals a reversal of cuts initially planned to last until 2026, following the swift return of previously idled barrels. The restrained output increase comes at a time when supply concerns are already elevated due to geopolitical tensions.
Market sentiment was further lifted by prospects of fresh sanctions on Russia. The measures are under discussion after Russia launched its largest airstrike on Ukraine, igniting a government building in Kyiv. U.S. President Donald Trump indicated readiness to advance to a second phase of restrictions, while the European Union’s top sanctions official visited Washington to coordinate what could be the first joint U.S.-EU measures since Trump’s return to office. Any further sanctions are expected to curb Russian oil exports, tightening global supply and supporting higher crude prices.
Meanwhile, the U.S. Federal Reserve’s upcoming Federal Open Market Committee meeting has traders pricing in an 89.4% chance of a quarter-point rate cut. Lower borrowing costs could boost economic growth and energy demand, providing additional tailwinds for oil prices.
