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...
Oil prices rose in Asian trade on Tuesday, recovering a small portion of recent losses as traders remained on edge over slowing demand amid a rapidly escalating U.S.-led trade war. Oil prices had slumped to a four-year low in recent sessions, after U.S. President Donald Trump unveiled steep reciprocal tariffs on several major economies. Trump's tariffs are set to take effect from Wednesday. A particular point of concern for oil markets is growing trade tensions between China and the U.S., after Beijing retaliated against Trump's latest tariffs and vowed to "fight to the end" if the...
The US dollar index slipped to around 103 on Tuesday, trimming recent gains as persistent trade uncertainties weighed on the broader economic and inflation outlook. President Donald Trump denied rumors of a potential pause in his sweeping tariff measures but expressed a willingness to enter negotiations with trade partners. Treasury Secretary Scott Bessent added that nearly 70 countries have reached out to the White House seeking tariff talks. However, tensions escalated as Trump threatened China with an additional 50% tariff if Beijing fails to remove its levies on US imports. In response,...
West Texas Intermediate (WTI) US Crude Oil prices attract some buyers on Tuesday following the previous day's US tariffs-led volatile price swings and currently trade just below mid-$61.00s, up over 1% for the day. The US Dollar (USD) attracts fresh sellers and stalls a two-day-old recovery from a multi-month low amid bets that a tariffs-driven US economic slowdown might force the Federal Reserve (Fed) to resume its rate-cutting cycle soon. This, in turn, is seen benefiting USD-denominated commodities and lending some support to Crude Oil prices. Apart from this, the uptick could be...
USD/CHF started Tuesday's Asian session (08/4) slightly lower, after a wild trading day on Monday, which saw it swing in the range of 0.8450–0.8673, and ended almost unchanged. At the time of writing, the major was trading at 0.8588, down 0.02%. The currency pair was trading near 0.8588 amid mixed sentiment, with investors eyeing US CPI as the next catalyst for direction The market mood was mixed, with one of the three US indices posting a positive day, while the Volatility Index (VIX) ended at 46.98, its highest level since March 2020. Tariffs continued to be the main driver, stoking...
Oil prices plunged 2% to a 4-year low on Monday on concerns that U.S. President Donald Trump's latest trade tariffs could push economies around the world into recession and dent global demand for energy. Brent crude futures fell $1.37, or 2.1%, to settle at $64.21 a barrel, while U.S. West Texas Intermediate crude futures fell $1.29, or 2.1%, to settle at $60.70. That pushed both crude benchmarks, which fell about 11% last week, to their lowest closes since April 2021. The trading session was marked by extreme volatility, with prices dropping more than $3 a barrel intraday overnight and...
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...