US consumer prices rose more than expected in August and the annual increase in inflation was the largest in seven months, but the data is not expected to prevent a much-anticipated interest rate cut from the Federal Reserve next week against the backdrop of labour market weakness.
The European Central Bank left interest rates unchanged on Thursday as expected and maintained an upbeat view on growth and inflation, dampening expectations for any further cut in borrowing costs.
Oil prices edged lower on Friday, after big falls in the last session over concerns about possible softening of US demand and broad oversupply that offset worry about supply disruption from conflict in the Middle East and war in Ukraine.
The road is clear for one of the strongest festive seasons for the automobile industry, with sales expected to jump more than 20% over last year, on the back of a reduction in the goods and service tax (GST).
South Korea's auto sector demonstrated resilience in 2025, with domestic sales rising 5.2% in August to 110,961 units, driven by EV surges (up 50% YTD) and new models. Despite export challenges and supply issues, innovations in robotics and autonomous tech, backed by government support, promise sustained growth.
Rubber prices have slipped across Japan, China, and Singapore, with a wave of new supply and international trade tweaks sending futures tumbling for a third consecutive day.