Japanese S&P Global Services PMI Final (Dec) 51.6 (Prelim. 52.5)
The final reading of Japan's S&P Global Services PMI for December at 51.6, down from the preliminary estimate of 52.5, suggests a softer service sector performance than initially thought.
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Nanya Technology (2408 TT) December revenue rose 445% Y/Y to TWD 12.0bln, while 2025 revenue rose 95% Y/Y to TWD 66.59bln
Russia sends a submarine to escort tanker the US tried to seize off Venezuela, according to WSJ
Japanese S&P Global Services PMI Final (Dec) 51.6 (Prelim. 52.5)
PBoC is expected to set USD/CNY mid-point at 6.9896 (prev. 7.0173)
[MARKET UPDATE] WTI crude futures continue to trickle lower and are down over USD 1/bbl following US President Trump's announcement that Venezuelan authorities will be turning over 30mln-50mln bbls of oil to the US
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This downward revision could indicate slowing growth momentum, which might prompt market participants to reassess their expectations for future economic activity and potential monetary policy adjustments. Watch for implications on the Yen and commodities linked to Japanese demand.
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