Oil down as market eyes excess supply, US-China trade tensions

LVMH has made a surprising comeback in sales growth during the third quarter, driven by increased demand for Moët & Chandon Champagne and Dior perfumes. After facing a significant decline, especially in China, this 2% rise in sales signals a positive shift not only for LVMH but also for the luxury market as a whole. This rebound is crucial as it indicates a potential recovery in consumer spending in one of the world's largest luxury markets.

ASML has reported better-than-expected bookings for the third quarter, showcasing its strong position in the semiconductor industry. However, the company has also expressed concerns about declining demand from China, which could impact future growth. This news is significant as it highlights the ongoing challenges in the global tech market, particularly with geopolitical tensions affecting trade.

China's recent sanctions against US-linked Hanwha units are being interpreted by analysts as a significant warning gesture. This move highlights the escalating tensions between China and the United States, particularly in the context of trade and geopolitical relations. The implications of these sanctions could affect not only the companies involved but also broader international trade dynamics, making it a critical issue to watch.

Australia's stock market closed on a high note, with the S&P/ASX 200 index rising by 1.03%. This positive movement reflects investor confidence and could signal a robust economic outlook for the country. Such gains are significant as they can influence consumer spending and overall economic growth.

Recent reports indicate that China's deflation is easing, which is a positive sign for the world's second-largest economy. This development is crucial as it suggests a potential stabilization in prices and economic growth, providing a more favorable environment for investors. The insights from 'The China Show' hosted by David Ingles and Yvonne Man offer valuable analysis on these trends, helping global investors navigate the complexities of China's market.

The U.S. is making significant strides in submarine construction, aiming for a transformational improvement that is crucial for maintaining its undersea dominance against China. This effort highlights the importance of innovation and efficiency in military capabilities, ensuring that the U.S. remains a leader in naval power. With experts like Ryan Chua and Haslinda Amin discussing these developments, it's clear that the race to enhance submarine technology is not just about speed but also about strategic advantage.

ASML has reported a significant drop in demand from China, which is concerning for the semiconductor industry. Despite this, the company's Q3 bookings have exceeded estimates, indicating resilience in other markets. This situation highlights the challenges ASML faces in navigating geopolitical tensions while still managing to secure strong performance elsewhere. Understanding these dynamics is crucial for investors and industry watchers.

The increasing lack of transparency in data handling practices in the US is raising concerns globally. As American companies face scrutiny over their data privacy measures, the implications extend beyond borders, affecting international relations and trust in digital platforms. This situation highlights the urgent need for robust regulations to protect personal information and ensure accountability, as countries worldwide grapple with similar challenges.

China is facing ongoing deflationary pressures due to weak demand and overcapacity in various sectors. This situation is concerning as it indicates that consumers are not spending enough, which could lead to a slowdown in economic growth. The implications of this trend are significant, affecting everything from employment rates to global supply chains, making it a critical issue for both China and the world economy.

Swire Hotels is seeing a surge in demand in China, with Managing Director Dean Winter expressing optimism about occupancy rates. During an appearance on 'Bloomberg: The China Show,' he highlighted the company's plans for expansion, particularly for its Upper House brand. This growth is significant as it reflects a recovering hospitality sector in China, which could lead to more job opportunities and economic benefits in the region.

The Indian rupee has made a significant recovery, bouncing back from the brink of a record low, thanks to renewed hopes for a trade deal with the US. This rebound is crucial as it reflects investor confidence and could stabilize the Indian economy, making it a positive development for both businesses and consumers.

China has initiated measures against US-linked units of South Korean shipbuilder Hanwha, signaling escalating tensions in trade relations. This move is significant as it reflects China's ongoing efforts to counter perceived foreign influence in its domestic industries, particularly in the strategic shipbuilding sector. The implications of these actions could affect not only Hanwha's operations but also broader economic ties between China, South Korea, and the United States.

LVMH has made a surprising comeback in sales growth during the third quarter, driven by increased demand for Moët & Chandon Champagne and Dior perfumes. After facing a significant decline, especially in China, this 2% rise in sales signals a positive shift not only for LVMH but also for the luxury market as a whole. This rebound is crucial as it indicates a potential recovery in consumer spending in one of the world's largest luxury markets.

ASML has reported a surge in orders for its chip-making equipment, driven by the increasing demand for advanced semiconductors amid a frenzy of AI spending. This positive trend not only highlights the company's strong market position but also reinforces its guidance for 2025, indicating a promising outlook for the future. As AI technology continues to evolve, the need for sophisticated chips is expected to grow, making ASML a key player in this booming sector.

The FTSE 100 is set to rise as a broad rebound in stocks signals renewed investor confidence. This uptick is significant as it reflects a recovery in the market, potentially leading to increased investment and economic growth. Investors are optimistic about future performance, which could positively impact various sectors.

ASML reported a remarkable €7.5 billion in revenue for the third quarter of 2025, showcasing its resilience amid changing regional demand patterns. This strong financial performance highlights the company's ability to adapt to market fluctuations and reinforces its position as a leader in the technology sector. Investors and industry analysts are optimistic about ASML's future prospects, as the demand for advanced semiconductor manufacturing equipment continues to grow.

ASML has reported better-than-expected bookings for the third quarter, showcasing its strong position in the semiconductor industry. However, the company has also expressed concerns about declining demand from China, which could impact future growth. This news is significant as it highlights the ongoing challenges in the global tech market, particularly with geopolitical tensions affecting trade.

Goldman Sachs has raised its price target for Tech Mahindra's stock while still maintaining a 'Sell' rating. This move indicates that while the investment bank sees potential for the stock to rise, it still believes that investors should be cautious. This is significant as it reflects the mixed sentiment in the market regarding Tech Mahindra's performance and future prospects.