Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
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 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Oil prices remained flat in Asian trading on Tuesday as investors awaited the upcoming OPEC+ meeting for clarity on future output. The market saw low activity due to public holidays in the U.S. and U.K. on Monday.
Brent crude futures for July delivery inched up 0.1% to $64.77 per barrel, while West Texas Intermediate (WTI) crude held steady at $61.53 per barrel as of 00:58 GMT.
Prices were supported by U.S. President Donald Trump’s decision to postpone his proposed 50% tariffs on European Union imports, shifting the deadline from June 1 to July 9. This move offered temporary relief to global trade tensions, which often impact oil demand forecasts.
All eyes are now on the upcoming OPEC+ meeting, which was reportedly rescheduled to May 31. The alliance, including the Organization of Petroleum Exporting Countries and its allies, is expected to discuss a potential supply boost. Reports suggest a possible output increase of 411,000 barrels per day in July, though no agreement has been finalized. OPEC+ has already begun unwinding previous production cuts with incremental increases in May and June.
Analysts at ING noted that an additional 411,000 bpd rise in July could keep the oil market well-supplied through the second half of the year.
Meanwhile, geopolitical tensions intensified as Trump criticized Russian President Vladimir Putin for escalating attacks on Ukraine, calling him “absolutely CRAZY.” Trump hinted at imposing new sanctions on Russia, which could disrupt Russian energy exports and tighten global oil supply. Heightened tensions between Russia and the West remain a key risk factor for crude markets.
Investors continue to monitor both the OPEC+ decision and potential U.S. sanctions for their impact on oil prices.
