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US President Donald Trump confirmed that he recently spoke by telephone with Venezuelan President Nicolas Maduro, but declined to reveal details, Reuters reported on Sunday.
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Japan Q3 capex disappoints while company profits surge nearly 20%
Japan’s latest Ministry of Finance corporate survey showed a sharp slowdown in capital expenditure growth in the third quarter, even as company profits surged.
- Business spending rose 2.9% y/y, well below expectations of around 6% and down from 7.6% in Q2.
- Capex excluding software also increased 2.9%, missing forecasts and marking a clear deceleration.
- Corporate sales were broadly flat, up just 0.5% y/y, only marginally above estimates.
- The standout surprise came from profitability: company profits jumped 19.7% y/y, far exceeding expectations of 3.7% and rebounding from just 0.2% previously.
- The divergence — weak investment but strong earnings — highlights a cautious corporate stance amid economic uncertainty, despite healthier bottom-line performance.
The data will feed directly into GDP revisions and will be closely scrutinised ahead of the Bank of Japan’s December meeting, with policymakers watching for signs of durable investment momentum.
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In summary:
- Q3 capex +2.9% y/y, far below 5.9% expectations and down from 7.6% prior.
- Capex ex-software also +2.9%, missing 5.4% forecast.
- Company profits surged 19.7% y/y (vs 3.7% expected).
- Company sales +0.5% y/y, slightly above estimates.
This article was written by Eamonn Sheridan at investinglive.com.
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Japan Capital Spending came in at 2.9% below forecasts (5.9%) in 3Q
Japan Capital Spending came in at 2.9% below forecasts (5.9%) in 3Q -
US Secretary of State Rubio says meeting with Ukrainians is very productive
US Secretary of State Marco Rubio said on Sunday that a meeting between the US and Ukrainian officials was “very productive”, but more work remains to be done towards ending Russia’s war in Ukraine, the Guardian reported. -
OPEC+ holds oil output steady, approves capacity mechanism
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to maintain oil output levels unchanged for the first quarter of 2026, Reuters reported. -
South Korea boosts FX oversight with new reviews, investor checks and swap-line talks
South Korea announced new steps to stabilise its foreign exchange market, saying it will strengthen oversight of exporters’ FX transactions and monitor overseas investment flows on a regular basis. The government said the measures aim to address persistent imbalances in FX demand and supply that have contributed to recent volatility in the won.
Authorities plan to review exporters’ foreign currency dealings and look for ways to support their overseas investment activities through policy tools. They will also carry out inspections to ensure adequate investor-protection measures are in place for outbound investments.
In addition, the government confirmed that the Bank of Korea and the National Pension Service are in discussions to extend their existing FX swap line, a mechanism that helps ease dollar liquidity pressures. Officials said the combined measures are part of broader efforts to strengthen market functioning and bolster stability.
This article was written by Eamonn Sheridan at investinglive.com.
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USD/JPY softens to near 156.00 ahead of BoJ’s Ueda speech
The USD/JPY pair posts modest losses near 156.10 during the early Asian session on Monday. Traders raise bets that the US Federal Reserve (Fed) will cut interest rates again at the December policy meeting, which weighs on the US Dollar (USD) against the Japanese Yen (JPY). -
OPEC+ holds 2026 oil quotas, pauses output hikes and approves new capacity rules
OPEC+ agreed on Sunday to maintain its group-wide oil production quotas for 2026 and approved a long-delayed mechanism to assess each member’s maximum production capacity — a step that will shape how output quotas are allocated from 2027 onwards.
A subset of eight OPEC+ producers also reached an agreement in principle to extend their pause on output hikes through the first quarter of 2026, according to delegates familiar with the talks. Those countries have already slowed the return of barrels to the market after releasing roughly 2.9 million barrels per day since April 2025.
The wider group, which accounts for around half of global supply, still has 3.24 million barrels per day of cuts in place — nearly 3% of world demand — and Sunday’s meeting left those curbs unchanged.
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The gathering took place as the U.S. pushes to broker a Russia-Ukraine peace deal, a development that could influence the oil market significantly. A successful deal could eventually bring sanctioned Russian crude back onto the market; failure could tighten supplies further as restrictions on Moscow intensify. Ministers began their discussions through a series of online meetings.
The newly approved capacity-assessment mechanism is intended to resolve long-running disputes among members whose production abilities have diverged. The UAE has invested heavily in expanding capacity and wants higher future quotas, while several African producers, whose capacity has fallen, are resisting cuts. Angola quit the group in 2024 over a similar dispute.
This article was written by Eamonn Sheridan at investinglive.com.
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Sunday evening Globex trade is open, equity index futures little changed, oil higher
ES and NQ, and other indexes, are little changed upon reopening for the new week.
Oil is firmer. OPEC held over the weekend.
This article was written by Eamonn Sheridan at investinglive.com.
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Australia S&P Global Manufacturing PMI remains unchanged at 51.6 in November
Australia S&P Global Manufacturing PMI remains unchanged at 51.6 in November
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