Oil prices are expected to “moderate” because of ample supply, according to the International Energy Agency (IEA).
RHB Investment Bank Bhd (RHB Research) has kept its "Underweight" stance on the rubber products sector, citing ongoing structural headwinds such as prolonged oversupply, intensifying global competition and subdued pricing power that continue to weigh on the industry's outlook.
The Dutch car market is expected to remain near historically low levels through 2026, with only 361,000 new passenger cars and 40,000 light commercial vehicles projected to be registered next year, according to forecasts released Thursday by industry associations BOVAG and RAI Vereniging.
Japanese manufacturing activity shrank more than expected in October, contracting at the fastest pace in 19 months as new orders declined, purchasing managers index data showed on Friday.
Asian stocks rose on Friday as a plan for Presidents Donald Trump and Xi Jinping to meet eased nerves around a trade war. Oil prices fell ahead of US inflation data.
The number of Americans filing new applications for jobless benefits increased last week, economists estimated on Thursday, and more people were collecting unemployment checks in early October amid easing labor market conditions.