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.
China’s retail sales grew at the weakest pace since the crash caused by Covid while investment slumped further, underlining growing risks to the economy after several months of deterioration.
China’s new restrictions on car discounts signal the government is cranking up its scrutiny of excessive competition in the local auto industry after previous attempts failed to stem falling vehicle prices.
Malaysia’s recent industrial output data underscores the economy’s resilience, which will continue to position it well to buffer external headwinds, according to Hong Leong Investment Bank.
The U.S. trade deficit unexpectedly narrowed in September, touching the lowest level in more than five years, as exports accelerated and imports rose marginally, suggesting that trade likely provided a boost to economic growth in the third quarter.