Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Oil prices rose over 1% on Tuesday, bouncing back from recent steep losses as investors reacted to ongoing trade tensions and recession concerns. Brent crude futures climbed 81 cents, or 1.26%, to $65.02 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 92 cents, or 1.52%, reaching $61.61 as of 0051 GMT.
The rebound followed a 2% slide on Monday, when oil prices neared a four-year low due to fears that U.S. President Donald Trump’s escalating tariff strategy could stall global economic growth and reduce energy demand. Trump has imposed sweeping tariffs of at least 10% on all U.S. imports, with some reaching up to 50%, aiming to boost domestic manufacturing and counter decades of trade liberalization.
In response, several nations, including China—the world’s second-largest economy—are implementing retaliatory tariffs. Trump warned of further duties if China maintains its countermeasures. Analysts like Tony Sycamore from IG note that if U.S. tariffs on Chinese imports climb to a projected 104%, global markets could face a sharp downturn, amplifying recession risks.
Adding to concerns, a Reuters poll suggested U.S. crude and distillate inventories likely rose by 1.6 million barrels last week, signaling tepid demand. Still, analysts see a potential price floor. With U.S. oil production break-even costs around $60 per barrel, sustained low prices may lead to reduced drilling and investment. According to Eurasia Group, if prices stay low, output could drop from the current 13.4 million barrels per day, supporting a WTI floor in the $50 range.
The oil market remains highly sensitive to geopolitical developments and economic outlooks, with traders closely watching U.S.-China relations and global demand indicators.
