price support

A backdrop of tight supplies in the U.S. provided further price support, with storage at Cushing, Oklahoma, the delivery point for U.S. crude futures, already at their lowest since July 2022.

Developers stayed away because the minimum price support being offered was not high enough.

The ECB's balance sheet reduction comes just as euro zone governments plan for increased borrowing next year to fund energy price support measures.

Trading volume in Alibaba, for example, is in decline and what little price support has been seen across the sector seems to have come mainly from short covering.

Deutsche Bank said the energy price support and the promised tax cuts could cost 179 billion pounds, or about half Britain's historic pandemic spending push which dealt a blow to the country's public finances.