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 Shanghai Composite fell 1% to around 3,210 while the Shenzhen Component dropped 1.1% to 10,185 on Wednesday, with the Shanghai index hitting a one-week low after U.S. President Donald Trump said his team was discussing 10% tariffs on Chinese imports that could come into effect as early as Feb. 1. Trump's comments overshadowed more positive developments from Friday, when he had a friendly phone call with Chinese President Xi Jinping, during which they discussed trade and fentanyl, among other topics. At the World Economic Forum, Chinese Vice Premier Ding Xuexiang stressed that there are...
Hong Kong stocks fell 319 points, or 1.6%, to 19,787 in early trading on Wednesday, ending a six-session rally after U.S. President Trump said he could impose 10% tariffs on all Chinese imports after excluding China from a list of countries he would soon target a day earlier.The Hang Seng fell from its highest level in nearly four weeks, weighed down by broad weakness. However, gains on Wall Street overnight helped limit further losses, as Trump is expected to announce a new investment push for AI, led by major companies including Softbank Group Corp., OpenAI and Oracle. At home, Hong...
The Nikkei 225 jumped 1.4% to above 39,500, while the broader Topix index rose 0.7% to 2,732 on Wednesday, hitting its highest level in almost two weeks and tracking gains on Wall Street overnight. The rally came as U.S. President Donald Trump opted not to implement his tariff threats, offering relief to global markets. Despite the gains, investors remained cautious ahead of the Bank of Japan's monetary policy decision later this week, with BOJ officials hinting at a possible interest rate hike. Nearly all sectors participated in the rally, with major blue-chip stocks, including Disco...
Asia-Pacific markets are set to open mostly higher on Wednesday (22/1), after Wall Street rose on President Donald Trump's less aggressive than expected tariff stance. Australia's S&P/ASX 200 rose 0.27% at the open. Japan's Nikkei 225 futures are pointing to a stronger open for the market. Futures in Chicago were at 39,405 and its Osaka counterpart was last trading at 39,270, compared with the index's previous close of 39,027.98. Hong Kong's Hang Seng Index futures were at 20,028, lower than the HSI's last close of 20,106.55. Investors will be watching for a Malaysian central bank...
Stocks advanced on Tuesday as Wall Street viewed President Donald Trump's comments and first-day actions around international trade as a bit softer than initially believed. The Dow Jones Industrial Average added 537.98 points, or 1.24%, to finish at 44,025.81. The S&P 500 gained 0.88% to end at 6,049.24, while the Nasdaq Composite rose 0.64% to 19,756.78.3Mclimbed more than 4% after earnings came in better than analysts expected. Small-cap stocks also participated in Tuesday's rally, with the Russell 2000 rising about 1.9%. Several big technology stocks also took a leg up, with Amazon...
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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