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...
Stocks jumped Tuesday on Christmas Eve as the market pulled off back-to-back gains in the holiday week. The S&P 500 added 1.1% to 6,040.04, and the Dow Jones Industrial Average gained 390.08 points, or 0.91%, to 43,297.03. The Nasdaq Composite climbed 1.35% to 20,031.13, helped by a 7.4% jump in Tesla shares. Amazon and Meta Platforms gained more than 1% each. The New York Stock Exchange closed early at 1 p.m. ET for Christmas Eve, while the bond market closes at 2 p.m. The market is also shut on Wednesday for Christmas Day. Tuesday marked the start of the seasonal Santa Claus rally,...
US stock indices opened marginally higher Tuesday in thin trading ahead of the Christmas holiday, stabilizing after gains from the world's largest technology stocks. S&P 500 and Nasdaq 100 were up about 0.2%, while Dow Jones Industrial Average were slightly down at 0.03%. American Airlines Group shares dropped about 1.4% on Tuesday as the airline briefly grounded all flights in the U.S. due to a "technical issue." The ground stop was later lifted. The New York Stock Exchange is set to close early Tuesday for Christmas Eve, and the market is shut on Christmas Day. Wall Street indexes...
The Stoxx 600 rose 0.2%, with tech stocks leading gains after a strong performance by US peers on Monday. London's FTSE 100 and France's CAC 40 also closed in positive territory. Novo Nordisk surged 5.7%, recovering from last week's slump following disappointing trial results for its CagriSema weight-loss drug. AstraZeneca withdrew its EU application for a lung cancer treatment after feedback from regulators, with shares closing up 0.1%. Mining stocks boosted the Stoxx 600, led by Anglo American, up 2%, despite facing $17 billion in potential fines in Chile over alleged environmental...
The Stoxx Europe 600 Index edged up 0.2%, with major markets such as Germany closed and others, including London and Paris, set to close early. France's CAC 40 outperformed as Prime Minister François Bayrou vowed to cut the country's budget deficit to nearly 5%. Technology stocks led gains, supported by a strong session for U.S. tech stocks on Monday. Pharmaceutical giant Novo Nordisk also boosted the index, jumping 5.7% after recovering from last week's selloff linked to disappointing trial results for its weight-loss drug, CagriSema. Despite the gains, European stocks underperformed the...
The Hang Seng jumped 215 points, or 1.1%, to close at 20,098 on Tuesday, rising for a second session and hitting its highest in more than a week amid solid gains across sectors. Investors flocked to riskier assets after China reportedly planned to sell a record CNY3 trillion worth of special government bonds in 2025 to boost its economy. The funds raised from the bonds will be used for consumption subsidies, upgrading business equipment and investing in key technologies and advanced manufacturing. Positive reports from Wall Street on Monday also boosted sentiment, along with reports that...
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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