EIA: Crude Stockpiles Rise 0.574M vs

Nikkei 225 futures show mixed action with Dec 2025 up 315 pts. Watch volume shifts & open interest.

SEC flags 200%+ leveraged ETFs, citing amplified risk for crypto & tech funds. Issuers halt reviews.

The yuan is nearing 7 per dollar, helped by easing US–China tensions and strong PBOC fixings, but Beijing is slowing the rally with weaker-than-expected fixings and state-bank dollar buying. Analysts see a measured, policy-guided appreciation ahead.

Core PCE inflation hits 2.9%, still far from 2% target. Fed may cut rates despite inflation, eyeing job market.

Chevron set its 2026 capex at $18–19bn, the low end of guidance, with $17bn for upstream and a focus on US shale and Guyana assets gained from the Hess deal. Offshore spending will be $7bn, while downstream capex dips to about $1bn.

MicroStrategy (MSTR) faces $8B collapse risk despite BTC’s $91k surge; stock down 34.3% last month.

Wall Street insiders are urging Trump not to choose Kevin Hassett as Fed chair, warning his lack of credibility could unsettle the Fed, spark political-optics concerns and push long-term yields higher. Warsh and Waller remain alternative candidates.