BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Oil prices declined in Asian trading on Tuesday, reversing gains from the previous session as fears of an impending supply glut weighed heavily on markets. A stronger U.S. dollar also added pressure, curbing investor appetite for commodities priced in the greenback.
Brent crude futures for January dropped 0.3% to $63.89 per barrel, while West Texas Intermediate (WTI) crude fell 0.3% to $59.88 per barrel as of 03:49 GMT. Despite stabilizing from recent lows, oil prices continue to face losses in 2025 due to growing concerns over excess supply and weakening global demand. The anticipated oversupply stems largely from increased output by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, who have steadily expanded production throughout the year.
The dollar held firm in early Tuesday trading, extending modest overnight gains. Progress in U.S. Senate negotiations to end the prolonged government shutdown bolstered confidence, as lawmakers moved closer to approving a bill to release essential funding. The shutdown, which disrupted air travel and energy demand in the world’s largest fuel consumer, had been a major factor influencing oil sentiment. A stronger dollar typically makes oil more expensive for buyers using other currencies, limiting global demand.
Meanwhile, geopolitical tensions in Eastern Europe continue to influence the energy landscape. Ukraine’s recent drone attacks on Russian refineries prompted retaliatory strikes from Moscow, escalating the ongoing conflict now entering its third year. While these disruptions have provided some short-term support for crude prices, the overall market outlook remains bearish as rising supply overshadows war-related risks. U.S. sanctions targeting Russia’s oil industry add further complexity to the global energy equation, but traders remain cautious amid broader economic uncertainty.
