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 stocks started the week on a strong note, with the STOXX 50 climbing 2.1% and the STOXX 600 gaining 1.9%, as traders reacted positively to President Trump's late-Friday announcement of a temporary pause on reciprocal tariffs for a range of tech and consumer electronics. The pause includes the baseline 10% tariff on all countries although a 20% tariff on Chinese goods remains in effect. Trump also said he will still apply tariffs to phones, computers and popular consumer electronics and that details on a tariff rate for semiconductors would be announced soon. Leading the gains were...
Japanese stocks rose after the close on Monday (4/14), as gains in the Real Estate, Banking and Textile sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 1.27%. The best performers on the Nikkei 225 were Taiyo Yuden Co., Ltd. (TYO:6976), which rose 6.01% or 120.00 points to close at 2,116.00. Meanwhile, Alps Electric Co., Ltd. (TYO:6770) rose 5.96% or 79.00 points to close at 1,405.00 and Chugai Pharmaceutical Co., Ltd. (TYO:6976) gained 1.27%. (TYO:4519) rose 5.03% or 316.00 points to close at 6,602.00 in the last trade. The worst performers on the session were...
Hong Kong stocks jumped 542 points, or 2.6%, to 21,461 on Monday morning, rising for a fifth straight session and hitting a two-month high. The surge followed the Trump administration's pause on tariffs on Chinese electronics imports, boosting investor sentiment. The market also reacted positively to the latest data showing China's new yuan loans jumped to CNY3.64 trillion in March from CNY1,010 billion in February, well above expectations, driven by strong growth in household and corporate lending. However, the gains were tempered by comments from U.S. Commerce Secretary Howard Lutnick, who...
Japan's Nikkei share average rose on Monday, led by iPhone-linked shares after the United States exempted smartphones and other electronics from high tariffs. As of 0218 GMT, the Nikkei was up 1.5% at 34,086.16, after rising as much as 2.22% earlier in the session. The broader Topix gained 1.45% to 2,502.86. "The market is still being influenced by various headlines," said Yugo Tsuboi, chief strategist at Daiwa Securities. "And none of them are good enough to encourage investors to take their positions with confidence." The Trump administration has exempted smartphones, computers and...
Asia-Pacific markets rose on Monday as U.S. President Donald Trump halted tariffs on some consumer electronics, boosting risk sentiment. Japan's benchmark Nikkei 225 index rose 1.37% while the broader Topix index gained 1.41%. In South Korea, the Kospi index rose 0.88% while the small-cap Kosdaq index gained 1.46%. Mainland China's CSI 300 index rose 0.57% at the open while Hong Kong's Hang Seng Index gained 1.93%. Australia's S&P/ASX 200, meanwhile, rose 1%. Indian markets were closed for a public holiday. Trump exempted smartphones and computers as well as other devices and...
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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