Yen stages a partial recovery as BOJ hikes, intervention risks weighed.The yen recovered some ground on Monday following a steep drop at the end of last week as markets weighed the timing of more interest rate hikes in Japan and the possibility of intervention in thin end-of-year trading.
China flags more proactive fiscal policy in 2026 to boost domestic demand.China's fiscal stance is set to turn more forcefully supportive in 2026, with the government signalling a renewed push to revive domestic demand, accelerate technological innovation and strengthen the social safety net as the economy continues to grapple with weak confidence at home.
Ukraine peace talks gain momentum as Trump and European leaders signal progress.Momentum around Ukraine peace talks appeared to build further over the weekend, adding fresh colour to President Donald Trump's earlier claim that negotiations are in the “final stages,” though markets will remain cautious about declaring a true geopolitical inflection point.