Brent crude steadied near $61.5 per barrel after a sharp advance, supported by renewed questions around Ukraine peace efforts, potential changes in Russia’s negotiating position, and fresh supply risks linked to Venezuela. These elements helped keep energy prices supported despite limited liquidity.

Equity markets reflected a pause rather than a reversal. The US 100 Tech Index edged lower as investors reassessed valuations and short-term growth prospects after a strong annual run. 

In currency and digital asset markets, the offshore yuan held close to 7 per dollar, near a 15-month high, supported by seasonal conversion flows and a softer US dollar. At the same time, signals of rising official caution in China pointed to sensitivity around the speed of appreciation. 

Take a look at today's analysis for more updates!