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 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...
European equities rose on Tuesday on relief that US President Donald Trump had refrained from immediately targeting the region with trade tariffs. The Stoxx Europe 600 Index ended the session up 0.4%, with luxury goods makers LVMH, Hermes International SCA and weight-loss drug manufacturer Novo Nordisk A/S contributing to gains. European stocks have outperformed US peers so far this month, but investors are keenly watching Trump's first few days in power for more details on his trade policies. Source: Bloomberg
US stocks rose on Tuesday, with the S&P 500 and Nasdaq up 0.5% and the Dow Jones Industrial Average up about 170 points as traders braced for a second Trump administration. On his first day in office, Trump took several steps to advance his agenda but refrained from imposing tariffs, as many had anticipated. However, he later indicated plans to impose 25% levies on Mexico and Canada while avoiding mentioning China. Traders are now turning their attention to growth prospects under the new administration and earnings reports from major companies. Charles Schwab (5%) and Prologis (1.6%)...
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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