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...
Dow Jones Industrial Average jumping to fresh highs, as investors shook off the threat of new tariffs from President-elect Donald Trump. The blue-chip Dow advanced 123.74 points, or 0.28%, to close at 44,860.31, reversing course after dropping more than 300 points at session lows. The S&P 500 added 0.57% to 6,021.63. Both the Dow and S&P 500 notched new intraday and closing records. The Nasdaq Composite jumped 0.63% to 19,174.30. Trump on Monday night called for a 25% tariff on products from Mexico and Canada, as well as an additional 10% levy on Chinese goods. He has already said...
European stock markets closed lower in Tuesday trading as the Stoxx Europe was down 0.57%, Germany's DAX dropped 0.56%, the FTSE in London fell 0.40%, France's CAC lost 0.87%, and the Swiss Market Index closed 0.39% lower. The European Union has agreed to new carbon market rules and new climate finance goal, the EU announced on Saturday. The deal is intended to provide for more countries to contribute finance based on their growing emissions and economic weight. And in corporate news, Luxembourg-based steel producer ArcelorMittal (MT) said Tuesday that it is slowing its carbon reduction...
The benchmark S&P 500 and the Nasdaq opened higher on Tuesday, with investors assessing Donald Trump's tariff pledges on top trade partners of the U.S. and awaiting minutes from the Federal Reserve's latest meeting. The Dow Jones Industrial Average (.DJI), fell 121.7 points, or 0.27%, at the open to 44,614.89. The S&P 500 (.SPX), rose 12.7 points, or 0.21%, at the open to 6,000.03, while the Nasdaq Composite (.IXIC), rose 54.2 points, or 0.28%, to 19,109.082 at the opening bell. Source : Reuters
The best performers of the session on the Nikkei 225 were Kao Corp. (TYO:4452), which rose 4.13% or 260.00 points to trade at 6,562.00 at the close. Meanwhile, M3 Inc (TYO:2413) added 4.05% or 57.00 points to end at 1,465.50 and Sapporo Holdings Ltd. (TYO:2501) was up 3.37% or 282.00 points to 8,639.00 in late trade. The worst performers of the session were Fujikura Ltd. (TYO:5803), which fell 6.76% or 381.00 points to trade at 5,259.00 at the close. Lasertec Corp (TYO:6920) declined 5.49% or 970.00 points to end at 16,705.00 and Kawasaki Heavy Industries, Ltd. (TYO:7012) was down 5.39% or...
The Hang Seng Index advanced slightly to 19,159.20 in Hong Kong. The move follows the previous session's decrease of 0.4%. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.7%. Baidu Inc. had the largest increase, rising 4.2%. Today, 35 of 82 shares rose, while 44 fell; 2 of 4 sectors were higher, led by finance stocks. Source : Bloomberg
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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