Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
European equity markets rallied on Monday, driven by renewed optimism over U.S.-China trade negotiations. At 07:02 GMT, Germany’s DAX surged 1.8%, France’s CAC 40 gained 1.3%, and the U.K.’s FTSE 100 rose 1%, reflecting investor confidence in a potential de-escalation of the trade war between the world’s two largest economies.
Sentiment improved after the White House announced progress in trade talks with China over the weekend. Although no concrete tariff reductions were detailed, both sides are expected to make a joint statement soon, signaling a softer tone and possible resolution to months of escalating tensions that had seen tariffs exceed 100%.
Investor mood was further lifted by geopolitical developments, including a fragile ceasefire between India and Pakistan and Ukrainian President Volodymyr Zelenskiy’s willingness to meet Russia’s Vladimir Putin in Turkey for talks.
Markets also responded positively to expectations that the European Central Bank will cut interest rates in June, with analysts pricing in a 90% chance of a reduction. The ECB has already slashed rates seven times in the past year amid easing inflation, and additional cuts are anticipated later in 2025.
In corporate news, Italian bank UniCredit reported a record Q1 net profit of €2.8 billion, up 8.3% year-on-year, driven by higher fees and trading income despite a dip in net interest income. Meanwhile, German steelmaker Salzgitter posted weaker-than-expected results due to persistent economic weakness in Europe.
Oil prices also climbed on trade deal optimism. Brent crude rose 2.1% to $65.27 a barrel, while U.S. WTI crude futures increased 2.1% to $62.29, building on last week’s 4% gains fueled by hopes of a thaw in U.S.-China relations.
