The market atmosphere remains one of anticipation as traders await Friday's critical US jobs report, signaling a subdued December of cautious economic engagement.
OPEC+ is delaying its planned output hike for Q1, but given the weak demand outlook, this move is seen as 'small beer' with limited impact.
The latest US JOLTS job openings at 7.744 million signal a gradually normalizing job market, indicating improving employee sentiment and a positive economic outlook.
The market is likely pricing in a December interest rate cut, with current expectations being too dovish unless the Non-Farm Payrolls report shows significant upside.
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