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...
Japanese stocks rose after the close on Friday (6/27), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close in Tokyo, the Nikkei 225 rose 1.42% to hit a fresh 3-month high. The best performer on the Nikkei 225 was Sumitomo Metal Mining Co., Ltd. (TYO:5713), which rose 6.87% or 232.00 points to trade at 3,610.00 at the close. Meanwhile, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) rose 6.62% or 61.00 points to close at 983.00 and Yokohama Rubber Co Ltd (TYO:5101) gained 6.42% or 235.00 points to close at 3,897.00. The worst performers on the session were...
Hong Kong stocks edged up 25 points, or 0.1%, to 24,348 in early trade on Friday, following losses in the previous session, largely supported by gains in consumer stocks. An overnight rally on Wall Street lifted sentiment after the S&P 500 closed near a record. The White House's efforts to play down a looming July tariff deadline also helped calm investor nerves. However, the upside momentum was capped by caution ahead of the release of the US PCE index, the Fed's preferred inflation gauge, due later in the day. Meanwhile, recent data showed a slight annual decline in China's industrial...
The Nikkei 225 rose 1.3% to around 40,100 on Friday, while the broader Topix index gained 1.1% to 2,835, as Japanese equities rose to multi-month highs after a strong session on Wall Street. Market sentiment improved after the White House downplayed the urgency of an upcoming tariff deadline, easing investor concerns about a protracted trade war. Spokeswoman Karoline Leavitt indicated the deadline was flexible and could be extended. Meanwhile, investors weighed fresh data showing Tokyo's core inflation slowed in June but remained well above the Bank of Japan's 2% target, maintaining...
The S&P 500 rose to within a whisker of a new record Thursday, the culmination of a stunning comeback from lows set in April as the benchmark overcame a wall of worries that included tariff fights, wars and sticky inflation. The broad market index climbed 0.8% to close at 6,141.02, bringing its gain on the week to 2.9% and putting it just a few points away from the intraday all-time high hit in late February of 6,147.43. The Nasdaq Composite advanced 0.97% to 20,167.91, itself inches away from a new record. The Dow Jones Industrial Average climbed 404.41 points, or 0.94%, to...
The Stoxx Europe 600 index provisionally rose by 0.1%. Regionally, the FTSE 100 was higher by 0.2% and Germany's DAX was up 0.6%. France's CAC 40 bucked the trend by closing flat. Within the Stoxx 600 index, miners Anglo American and Antofagasta were among the biggest gainers, alongside defense giants Rheinmetall, Saab and Hensoldt Balfour Beatty shares rose 2.7% after the company said it won a £833 million contract to help build the world's first gas-fired power station for Net Zero Teeside Power, a joint venture between BP and Equinor. The British construction firm said that the...
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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