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 Nikkei 225 Index surged 8% to above 34,000 on Thursday, erasing losses from earlier this week after US President Donald Trump unexpectedly lowered new tariff rates on imports from most US trade partners to 10% for 90 days to allow for trade negotiations. This marks a significant reduction from the previous 24% levy applied to Japanese imports. The Trump administration confirmed earlier this week that they will hold trade talks with Japanese officials following a phone call between President Trump and Prime Minister Shigeru Ishiba. However, Trump still raised the tariffs imposed on...
Asia-Pacific markets rose Thursday, following Wall Street's biggest burst of buying since 2008 after U.S. President Donald Trump announced a 90-day pause on higher tariffs on all nations bar China. Japanese markets led gains in the region. The benchmark Nikkei 225 rose 8.19%, while the broader Topix index advanced 7.44%. South Korea's Kospi index surged 5.36%, while the small-cap Kosdaq gained 5.32%. Australia's S&P/ASX 200 rose 4.69%. Investors will be keeping a close watch on Chinese stocks, as the U.S. raised duties on imports from the Mainland to 125% after Beijing announced...
Hang Seng Index opened sharply higher on 10th April , climbing by 545 points to reach 20,810. The index later rose by 561 points, or 2.77%, settling at 20,825. The Hang Seng China Enterprises Index advanced by 196 points, or 2.61%, to 7,732, while the Technology Index increased by 152 points, or 3.25%, to 4,841. The main board reported a trading volume of HK$46.2 billion. At 10.18am, the Hang Seng Index surged by over 800 points, rising by 868.04 points or 4.28%.Technology stocks led the rally, with Tencent rising 2.4%, Alibaba gaining 3.1%, Meituan up 2.1%, Xiaomi increasing by 4.1%, and...
US stocks surged on Wednesday after President Donald Trump announced a 90-day halt to many of his new tariffs, sparking a huge market rally. The S&P 500 surged 9.5%, its biggest gain in five years, the Dow Jones jumped 2,960 points, or 7.9%, its biggest gain since 2020, while the Nasdaq jumped 12.1%, its biggest one-day jump since 2001. The move extends the momentum of the administration's shifting economic policies, and will temporarily halt tariffs on major U.S. suppliers that were initially aggressively taxed, such as Vietnam and Cambodia. However, Trump has escalated his trade war...
European stocks closed sharply lower on Wednesday, with Tuesday's market recovery proving short-lived as U.S. country-specific tariffs kicked in. The pan-European Stoxx 600 ended the session down 3.5% at its lowest close since January 2024, with all sectors and major bourses in negative territory. Regional health care and oil and gas indexes were among the biggest losers, dropping 5.9% and 5%, respectively. Europe's main indexes extended losses after China announced it would impose retaliatory tariffs of 84% on U.S. imports from April 10, up from 34%, and the European Union agreed to a...
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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