New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Oil prices edged lower on Tuesday, pulling back from a two-week high as supply concerns overshadowed optimism from a temporary pause in the U.S.-China trade war. Brent crude futures slipped 22 cents, or 0.3%, to $64.74 per barrel, while U.S. West Texas Intermediate (WTI) crude fell 18 cents, also 0.3%, to $61.77.
Both benchmarks had jumped 1.5% on Monday, their strongest close since April 28, following news that Washington and Beijing agreed to reduce tariffs for 90 days. The move lifted sentiment across global markets, including Wall Street and commodities like crude.
However, analysts warned the truce offers only short-term relief. ING noted lingering uncertainties about what comes after the 90-day window, adding that these concerns could weigh on oil demand. Tensions persist around structural trade issues and U.S. demands related to the fentanyl crisis.
Adding to the pressure, rising global oil supply is emerging as a key bearish factor. OPEC has increased output by more than expected, with May production likely up by 411,000 barrels per day. ING analysts said that even though demand remains a concern, higher output from OPEC+ could leave the oil market well supplied for the rest of 2025—assuming the group follows through with planned hikes in May and June.
On the inventory side, market expectations were mixed. A Reuters poll suggested U.S. crude stocks may have declined last week, but Macquarie strategist Walt Chancellor projected a rise of 7.6 million barrels.
As markets balance demand risks with mounting supply, oil prices remain volatile despite brief gains driven by trade optimism. Investors are now watching OPEC+ actions and U.S. inventory data closely to gauge the direction of the energy market.
