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...
European markets traded in negative territory on Tuesday, retreating from yesterday's mostly positive trading session as investors braced for the latest U.S. inflation report this week. The pan-European Stoxx 600 fell 0.3% during morning trade. Basic resources stocks led the losses, dropping 1.2% as investors reacted to weaker-than-expected Chinese import and export figures. Traders await U.S. inflation data due on Wednesday. The consumer price index data is likely to influence how the Federal Reserve moves to raise interest rates at its Dec. 17-18 meeting. Economists polled by Dow Jones...
Hong Kong stock market ended lower on Tuesday with the benchmark Hang Seng Index down 0.5 percent to close at 20,311.28 points. The Hang Seng China Enterprises Index dipped 0.74 percent to end at 7,306.16 points, and the Hang Seng Tech Index lost 1.39 percent to close at 4,591.94 points. Source : CTX
The Nikkei 225 Index gained 0.53% to close at 39,367, while the broader Topix Index rose 0.25% to 2,741 on Tuesday, extending gains from the previous session. The rally was driven by optimism following China's announcement of "more proactive" fiscal measures and a "moderately" looser monetary policy, which boosted market sentiment across the region. Japanese stocks also defied the selloff on Wall Street overnight, where major US technology names faced pressure. Domestically, investors are eyeing business sentiment data later this week to assess the health of the Japanese economy. Market...
The Hong Kong stock market jumped 297 points or 1.5% to 20,717 on Tuesday morning trade, surging for the third session and reaching its highest level in a month after a readout of China's Politburo meeting indicated that China next year will adopt a more proactive fiscal policy to bolster recovery, alongside an appropriately loose monetary policy for the first time in 14 years. Beijing will also focus on boosting demand and spurring consumption. Traders keenly anticipated the Central Economic Work Conference this week, where key targets and policy directions for 2025 will be set. However,...
The Nikkei 225 index rose 0.3% to above 39,200, while the broader Topix index gained 0.4% to 2,745 on Tuesday, extending gains from the previous session. The rally was driven by optimism following China's announcement of "more proactive" fiscal measures and "moderately" loose monetary policy, which boosted market sentiment across the region. Japanese stocks also defied a selloff on Wall Street overnight, with major U.S. technology names facing pressure. At home, investors are eyeing business sentiment data later this week to gauge the health of the Japanese economy. Market expectations...
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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