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 Hang Seng rose 84 points or 0.4% to close at 22,776 on Thursday, marking its sixth straight gain amid a rally in U.S. futures. Optimism was fueled by President Trump's hint at a major trade deal with a "big, and highly respected country," likely the UK, with more details later today. The index hovered near a one-month top, lifted by news that a sovereign wealth fund would continue efforts to support mainland markets. Sentiment also benefited from the PBOC rate cuts aimed at supporting growth amid U.S.-China trade disputes. Tech stocks advanced on reports that the U.S. may ease chip...
European stocks edged higher on Thursday, with the Stoxx 50 and Stoxx 600 both up 0.3%, as investors awaited central bank rate decisions and monitor corporate earnings. Optimism also grew around UK-U.S. trade ties, as reports suggest Britain may become the first country to strike a deal following new U.S. tariffs. In corporate headlines, Puma SE delivered a stable Q1 performance, offering reassurance despite lacking a CEO. AB InBev posted profits at the top end of its guidance, helped by better-than-expected sales volumes. Maersk also beat expectations for Q1 operating profit and held its...
Hong Kong stocks rose 187 points, or 0.8%, to 22,881 in early trading on Thursday, extending gains for a sixth straight session amid a small rise in U.S. stock futures after the Federal Reserve kept its benchmark interest rate steady for a third straight meeting, as expected. Echoing the Fed, the HKMA also kept its benchmark interest rate unchanged at 4.75%. Market sentiment was further boosted by reports that President Trump will hold a press conference to discuss a major trade deal later in the day. In China, the People's Bank of China (PBOC) unveiled sweeping policy measures on Wednesday,...
Japanese stocks opened lower, with the Topix declining for the first day in 10 as the yen held steady after the FOMC meeting. The Topix Index fell 0.5% to 2,681.86 as of 9:35 a.m. Tokyo time. It's the first day of losses since April 21 Sony Group contributed the most to declines in the index, down 2.9% Out of 1,689 stocks in the Topix, 327 rose and 1,314 fell, while 48 were unchanged The Nikkei shed 0.2% to 36,701.35 The yen was trading at 143.74 against the dollar early in Tokyo, compared with 143.83 Wednesday morning, despite initially weakening after Federal...
The S&P 500 rose in choppy trading after the Federal Reserve signaled that the risks for an economic slowdown and higher prices are increasing. The broad market index added 0.43% to close at 5,631.28, while the Nasdaq Composite gained 0.27% to end at 17,738.16. The Dow Jones Industrial Average climbed 284.97 points, or 0.70%, and settled at 41,113.97. The 30-stock index was aided by a nearly 11% pop in Disney shares after the company reported a fiscal second-quarter earnings beat and a surprise jump in streaming subscribers. As expected, the Federal Open Market Committee held its...
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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