UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
Oil prices edged lower in Asian trading on Tuesday as hopes for a U.S.-brokered peace deal between Russia and Ukraine raised expectations of increased global crude supply. The dip followed Monday’s modest gains but did little to offset the broader downward trend seen in recent weeks, driven largely by fears of oversupply and weakening global demand.
Brent crude futures for January slipped 0.3% to $63.20 per barrel, while West Texas Intermediate (WTI) crude ticked down 0.1% to $58.72 per barrel as of 20:37 ET (01:37 GMT). Despite mounting geopolitical tensions—particularly renewed reports of Israel violating the U.S.-brokered ceasefire in Gaza—market sentiment remained dominated by concerns about excessive supply and subdued economic activity. Even renewed expectations of a Federal Reserve interest rate cut in December failed to lift oil markets, especially with the U.S. dollar holding firm.
Traders reacted to reports that U.S. and Ukrainian officials are collaborating on a comprehensive peace plan aimed at ending the Russia-Ukraine conflict. A revised proposal reportedly emerged from weekend talks in Geneva, although detailed terms have not yet been disclosed. Earlier this month, Washington outlined a 28-point plan to end the war, but it drew criticism for appearing overly favorable to Russia. Still, the possibility of a resolution raised worries that Russia’s oil exports could return more fully to the global market. Any boost in Russian shipments would contribute to already well-supplied inventories and could intensify the risk of a supply glut in the coming year.
Meanwhile, the market is closely watching the impact of newly implemented U.S. sanctions on Russian oil giants Rosneft and Lukoil. The restrictions—among the toughest imposed on Russia’s energy sector—took effect last week and are expected to disrupt existing export routes and complicate purchases for major crude buyers. While the sanctions initially pushed prices higher, their influence has since faded amid persistent concerns over global oversupply.
