Asia Market Movers: Vitol lifts long-term oil demand outlook, sees peak delayed to mid-2030s

Tuesday, 10 Feb, 2026 News Vitol lifts long-term oil demand outlook, sees peak delayed to mid-2030s Vitol has pushed global oil demand higher and further into the future, citing slower EV uptake and resilient transport fuel use. Summary: Vitol has lifted its long-term oil demand outlook, with global Stock market update Japan stocks hit fresh record highs again today as earnings and Takaichi trade fuel rally Japanese equities surged to record highs as strong earnings and post-election fiscal optimism fuelled a powerful rally in both the Nikkei and Topix. Info via Reuters reporting. Earlier: Japan election Learn more News South Korea to screen US investment projects ahead of key trade bill South Korea is moving to screen US investment projects ahead of parliamentary approval, signalling a more cautious approach amid trade tensions and tariff risks. Summary: South Korea plans to introduc Central Banks PBOC sets USD/ CNY central rate at 6.9458 (vs. estimate at 6.9135) The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. Previous close 6.9208 Earlier: ICYMI bombshell: China tells banks to curb US Treasury exposure, "sell-America" Stocks Alphabet plans 100-year bond in landmark tech debt sale. First 100yr since dot com era. Alphabet is set to test investor appetite with a rare 100-year bond, reviving a structure unseen in tech since the dot-com era. Summary: Alphabet is planning to issue a rare 100-year bond as part of a News Australia business activity cools slightly as cost pressures ease Australian business activity cooled slightly in January, but easing cost pressures offered fresh encouragement on the inflation outlook. Earlier: Weak Australian consumer sentiment backs March RBA pau News UK retail sales post strongest growth since August in solid January start UK retail sales started 2026 on a strong footing, with January marking the fastest growth since August as food spending and in-store activity rebounded. Earlier: BoE's Mann says US Trump tariffs are p Central Banks PBOC is expected to set the USD/CNY reference rate at 6.9135 – Reuters estimate The People's Bank of China is still letting the CNY climb higher. Along with this news I think this is all very significant: ICYMI bombshell: China tells banks to curb US Treasury exposure, "sell-Amer Learn more News Singapore GDP explodes higher, forcing major upgrade to 2026 outlook Singapore's economy finished 2025 on a stronger footing than expected, prompting authorities to lift 2026 growth and export forecasts. Summary: Singapore's economy grew faster than expected in Q4, bea

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