Oil prices declined recently amid expectations of an increase in OPEC production. Market participants anticipate that the organization will boost output, putting downward pressure on crude prices.
Meanwhile, China’s manufacturing activity has contracted for the sixth consecutive month, highlighting ongoing challenges in the sector. This persistent slowdown contributes to concerns about the broader economic recovery in the region.
In European markets, Euro Stoxx 50 futures dipped during early trading, reflecting investor caution amid these global economic developments. Traders are closely monitoring how these factors will influence market sentiment moving forward.
https://thewest.com.au/business/asia-shares-gold-rise-on-us-shutdown-watch-c-20187675