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...
The Nikkei 225 index rose 0.2% to around 39,730, while the broader Topix index rose 0.05% to 2,738 on Thursday, marking the fourth straight session of gains for Japanese stocks. However, caution prevailed as the Bank of Japan began its two-day policy meeting. The central bank is widely expected to raise interest rates and revise its inflation forecast higher on Friday, following hawkish remarks from senior BOJ officials. Meanwhile, data showed that Japanese exports beat expectations in December, while imports also showed positive growth. Notable gains were seen in major stocks, including...
Stocks climbed on Wednesday, with the S&P 500 hitting a fresh all-time high, as technology shares such as Oracle and Nvidiarallied on artificial intelligence optimism and President Donald Trump's new term in office. The S&P 500 advanced 0.61% after hitting an intraday record of 6,100.81, exceeding the last milestone touched in December before the market pullback. The broad index closed at 6,086.37, slightly below its all-time closing high. The Nasdaq Composite popped 1.28% to 20,009.34, underscoring the outperformance of tech names. The Dow Jones Industrial Average rose 130.92...
The Dow Jones Industrial Average (DJIA) continues to lean into the bullish on Wednesday, climbing around 100 points and inching towards 44,200 as equities tilt into the buy button. There aren't any particular reasons for a fresh bull run to kick off, but investors aren't finding any particular reason for a turn into the bearish side, either.After a campaign trail full of almost-daily threats of wide-sweeping tariffs on all of the US' trading partners, President Donald Trump's big plans for day-one tariffs have evaporated into the ether. Fresh threats of an ambiguous level of import tariffs...
Germany's DAX index closed at an all-time high on Wednesday for the second time this week as European equities were broadly higher. The pan-European Stoxx 600 closed 0.39% higher, while the DAX closed at a fresh record of 21,254 points, according to LSEG data. Sportswear giant Adidas helped boost the German index, with shares ending 6% higher after the company said sales grew by 19% in its fourth-quarter results after the market close on Tuesday. The athletic apparels maker said revenues were nearly 6 billion euros ($6.25 billion) in the last three months of 2024, stripping out currency...
European equity markets are set to open higher on Wednesday (1/22), continuing the positive momentum of recent sessions as U.S. President Donald Trump refrained from implementing his tariff threats into action, despite signing a series of executive orders. This provided some relief to global markets. EU Commissioner Valdis Dombrovskis also stated that Europe would respond proportionately to any U.S. tariffs to protect the region's economic interests. Meanwhile, there are no major data releases in Europe on Wednesday, although EasyJet is due to report its latest earnings. Euro Stoxx 50 and...
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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