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 Hang Seng Index fell 1.1% at 25,388.35 in Hong Kong. The move was the biggest since falling 2% on June 19 and follows the previous session's increase of 0.5%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. Kuaishou Technology had the largest drop, falling 4.9%. Today, 63 of 85 shares fell, while 20 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
European markets have just opened for the week's final session, and regional shares are broadly moving lower. The pan-European Stoxx 600 was last seen trading 0.5% lower, with all sectors and major bourses in negative territory. The tariffs-sensitive autos sector is leading losses after industry giant Volkswagen cut its guidance, warning U.S. tariffs were eating into profits. Source: CNBC
Japan stocks were lower after the close on Friday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.84%. The best performers of the session on the Nikkei 225 were Mitsui Mining and Smelting Co. (TYO:5706), which rose 3.46% or 195.00 points to trade at 5,826.00 at the close. Meanwhile, Nippon Paper Industries Co., Ltd. (TYO:3863) added 2.96% or 33.00 points to end at 1,146.00 and Toho Co., Ltd. (TYO:9602) was up 2.05% or 199.00 points to 9,902.00 in late trade. The worst performers of the session were...
The Hang Seng Index started the day with a decline of 135 points, or 0.53%, settling at 25,531 points. The China Enterprises Index dropped 41 points, or 0.45%, to 9,216 points, while the Hang Seng Tech Index fell 29 points, or 0.51%, to 5,713 points. Technology stocks faced downward pressure, with Kuaishou sliding by 1.57%, Alibaba dropping 1%, Tencent falling 0.9%, and Trip.com Group losing 0.39%. Xiaomi Group recorded a marginal decline of 0.09%, while Meituan remained unchanged. Financial stocks showed a mixed trend. AIA Group saw the largest drop, down 1.89%, followed by Ping An...
The Nikkei 225 fell 0.4% to below 41,700, while the Topix Index dropped 0.6% to 2,960 on Friday, as investors booked profits following a sharp rally that pushed both indexes to new highs. Despite the pullback, both benchmarks remain on track to post weekly gains of over 4%, buoyed by optimism around the recently signed US-Japan trade deal. Under the agreement, Japanese exports to the US will face a 15% tariff, well below the 25% threatened by President Trump earlier this month, easing some trade-related uncertainty. On the economic front, Tokyo's core inflation came in slightly below...
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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