OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. World oil demand will rise by 1.38 million barrels per day in 2026, the Organization of the Petroleum Exporting Countries said in a monthly report, up 100,000 bpd from the previous forecast. This year's expectation was left unchanged. Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 barrels per...
Hong Kong's equities surged 283 points, or 1.3%, to 22,140 in early trading on Thursday, marking the second consecutive day of gains and reaching a four-month high. Most sectors advanced, buoyed by optimism over a potential peace deal between Ukraine and Russia following phone calls between US President Trump, Russian President Putin, and Ukrainian President Zelenskiy. Hang Seng Index up, buoyed by investor optimism over a potential resolution to the Russia-Ukraine conflict. After opening 100 points higher at 21,958, the benchmark index extended its gains, climbing as much as 228 points to...
Asia-Pacific markets traded higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve. Australia's S&P/ASX 200 rose 0.26%. Japan's Nikkei 225 rose 1.1% while the Topix climbed 0.91%. South Korea's Kospi traded 0.71% higher, while the small-cap Kosdaq traded around the flatline. Hong Kong's Hang Seng Index climbed 0.58% while mainland China's CSI 300 traded flat. Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices rose...
The Nikkei 225 Index rose 1.1% to surpass 39,300, while the broader Topix Index climbed 0.9% to 2,757 on Thursday, extending the previous session's gains. Nearly all sectors participated in the rally, fueled by a strong corporate earnings season that lifted market sentiment in Japan. This came despite a rise in producer inflation, which reached a 20-month high in January. Japanese stocks also brushed off the hotter-than-expected US consumer inflation data, which strengthened the case for the Federal Reserve to keep interest rates steady. Among the top performers were Advantest (+3.6%),...
Asia-Pacific markets opened higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve. Australia's S&P/ASX 200 rose 0.2%. Japan's Nikkei 225 rose 0.54% while the Topix climbed 0.52%. South Korea's Kospi traded 0.34% higher, while the small-cap Kosdaq rose 0.45%. Hong Kong's Hang Seng index futures were at 22,072, also higher than the HSI's last close of 21,857.92. Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices...
Japanese stocks rose in early trading as a weaker yen boosted earnings growth hopes. Autos and pharma shares led the gains. Subaru Corp. rose 2.8% and Daiichi Sankyo gained 4.9%. USD/JPY was at 154.24, up from 153.64 at the close of the Tokyo Stock Exchange on Wednesday.Meanwhile, SoftBank Group fell 4.6% after posting a third-quarter net loss. Investors are focused on earnings as well as U.S. trade policy. Daiwa House Industry and Sumitomo Forestry are due to release their results later in the day. The Nikkei Stock Average was up 0.5% at 39,172.02.Source: Bloomberg
U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY...
Gold moved above $2600 on Monday during the Asian trading session. Currently, Gold is still struggling to capitalize on last week's modest recovery from a one-month low and is fluctuating.
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