Oil prices fell in early trading on Tuesday, adding to the previous session’s losses, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a potential easing of sanctions.
China's industrial output in November rose 4.8% year-on-year, slowing from the 4.9% growth in October, while retail sales growth slowed, official data showed on Monday.
The European Commission is expected on Tuesday to reverse the EU's effective ban on sales of new combustion-engine cars from 2035, bowing to intense pressure from Germany, Italy and European automakers struggling against Chinese and U.S. rivals.
Asian markets opened lower in the final full trading week of 2025 as mounting concerns over the earnings outlook for technology companies — and their massive spending on artificial intelligence (AI) — sapped risk sentiment.
Oil prices rose on Monday, recouping part of last week's 4% slide, as concerns over potential disruptions from escalating US-Venezuela tensions outweighed lingering oversupply worries and the effects of a potential Russia-Ukraine peace deal.
Confidence among Japan’s large manufacturers rose to the highest level in four years, reinforcing market expectations for the Bank of Japan (BOJ) to raise interest rates this week.