Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Japan’s Service Sector Sustains Growth Momentum in November 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil prices held steady in Asian trading on Tuesday as investors weighed the impact of OPEC+’s latest production decision. Brent crude futures for January slipped 0.2% to $64.77 per barrel, while West Texas Intermediate (WTI) crude fell 0.2% to $60.95 per barrel at 01:46 GMT. The slight decline followed a volatile start to the week as markets balanced concerns of oversupply against risks of tighter flows from Russia due to U.S. sanctions.
OPEC+ announced on Monday a modest production increase of 137,000 barrels per day (bpd) for December, marking the final phase of its gradual rollback of earlier supply cuts. However, the group stated it would pause further output hikes through the first quarter of 2026, citing “uncertain demand trends” and “seasonal softness.” Analysts at ING noted that the market is expected to experience a peak surplus in early 2026, making the decision to pause production hikes “a logical step.” They added that any disruption to Russian exports caused by sanctions could offset the expected surplus, potentially prompting OPEC+ to revisit its production strategy early next year.
On the demand side, weaker U.S. economic data reinforced concerns about slowing fuel consumption. The Institute for Supply Management (ISM) reported that the U.S. manufacturing PMI dropped to 48.7 in October—its eighth consecutive month in contraction territory—indicating persistent weakness in industrial activity. Traders are now awaiting the latest crude inventory data from the American Petroleum Institute (API) for further insight into short-term market direction.
Overall, the oil market remains caught between conflicting signals—rising supply capacity and softening demand—keeping prices in a narrow range as investors assess how geopolitical and economic developments will shape global energy trends.
