Oil prices drifted lower in Asian trade on Tuesday, extending losses from the prior session as soft U.S. and European economic data raised some questions over the demand outlook.

The euro zone labour market's exceptional resilience is unlikely to last as the one-off factors driving its strength are waning, although there is also no dramatic weakening on the horizon, European Central Bank research showed on Monday.

The U.S. dollar hovered near a one-week low versus major peers on Tuesday as traders considered whether President-elect Donald Trump's tariffs would be less aggressive than promised.

Vietnam's gross domestic product grew 7.09% last year to $476.3 billion, faster than the 5.05% expansion in 2023, driven by strong exports and robust foreign investment inflows, government data showed on Monday.

British companies are the gloomiest since former Prime Minister Liz Truss' September 2022 "mini-budget", following unexpectedly large tax increases in the new Labour government's Oct. 30 budget, a business survey showed.

Japan's service activity expanded for a second straight month in December, buoyed by solid demand and business expansion, a private-sector survey showed on Monday.