Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Crude oil prices fell on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the United States and China, the world's two biggest economies. Brent crude futures fell by 51 cents, or 0.8%, to $65.35 per barrel by 0635 GMT. U.S. West Texas Intermediate crude futures fell 50 cents, or 0.8%, to $61.55 a barrel. Both benchmarks fell more than $1 on Monday. "Markets are closely monitoring the U.S.-China trade negotiations, understanding that deteriorating trade relations between the world's two largest economies could lead the global economy towards...
Gold price (XAU/USD) extends its steady intraday descent through the Asian session on Tuesday and drops back closer to the $3,300 mark as hopes for the potential de-escalation of US-China trade tensions undermine demand for safe-haven assets. Apart from this, the emergence of some US Dollar (USD) buying further contributes to driving flows away from the commodity. That said, a combination of factors assists the precious metal to hold comfortably above the $3,265-3,260 pivotal support. Investors remain on the edge amid the uncertainty over US President Donald Trump's trade policies and...
The EUR/USD pair attracts some sellers to near 1.1375 during the Asian session on Tuesday. The Euro weakens against the Greenback amid rising expectations of further rate cuts from the European Central Bank in June and mixed signals on US-China trade relations.The EUR/USD pair hovers around 1.1350 on Monday, extending its consolidative phase for a second consecutive day. At least, investors pared US Dollar (USD) selling and recovered some optimism amid hopes of easing trade war tensions. Additionally, the latest comments from United States (US) Federal Reserve (Fed) officials were tilted to...
Oil prices fell in Asian trade on Tuesday amid persistent uncertainty over U.S. trade tariffs dampened the economic outlook and sparked persistent concerns over slowing demand. Oil was also pressured by Russia unexpectedly announcing a three-day ceasefire with Ukraine, which could help pave a path towards a bigger agreement. Brent oil futures for June fell 0.4% to $65.63 a barrel, while West Texas Intermediate crude futures fell 0.3% to $61.64 a barrel by 21:43 ET (01:43 GMT). Oil markets were also skittish before an OPEC+ meeting next week, where the cartel is widely expected to increase...
Silver price (XAG/USD) is depreciating after registering gains in the previous day, trading around $33.00 per troy ounce during the Asian hours on Tuesday. The safe-haven demand for precious metals, including Silver, continues to weaken as trade-war concerns ease. At the same time, dollar-denominated Silver loses its appeal, with the strengthening US Dollar (USD) making it more expensive for buyers using other currencies. The USD is gaining support as optimism grows over improving US-China trade relations. US President Donald Trump recently signaled a willingness to roll back tariffs on...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...