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 tumbled 1.7% to below 37,200, while the broader Topix Index dropped 1.6% to 2,770 on Friday, hitting a two-week low as automakers continued to reel from US President Donald Trump's auto tariffs. Earlier this week, Trump announced a 25% tariff on all car imports starting next week, dealing a blow to Japan's export-driven economy, which relies heavily on auto shipments to the US. Major automakers suffered steep losses, including Toyota (-4.7%), Honda (-4.5%), Mazda (-3.4%), Subaru (-2.7%), and Suzuki (-2.2%). Japanese technology stocks also followed their US counterparts...
Stocks fell on Thursday as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. The Dow Jones Industrial Average dropped 155.09 points, or 0.37%, to end at 42,299.70. The S&P 500 declined 0.33% to close at 5,693.31, and the Nasdaq Composite slid 0.53% to settle at 17,804.03. Shares of several automakers declined after Trump on Wednesday evening announced 25% tariffs on "all cars that are not made in the United States," which will go into effect on April 2. General Motors pulled back more than 7%, while Ford...
European stocks closed lower Thursday as global markets reacted to new automotive tariffs announced by U.S. President Donald Trump. The regional Stoxx 600 index closed 0.44% lower as all major bourses declined. The Stoxx Europe autos index was down nearly 1% as most firms pared earlier losses, with Jeep maker Stellantis shedding 4.2%, Mercedes-Benz down 2.7% and Germany's BMW down 2.55%.Trump said on Wednesday that he will impose a 25% tariff on "all cars that are not made in the United States" with the levies due to take effect on April 2. Trump White House aide Will Scharf said the new...
Stocks flitted between gains and losses on Thursday as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. The Dow Jones Industrial Average dropped 142 points, or 0.3%. The S&P 500 lost about 0.2%, while the Nasdaq Composite shed 0.2%. Shares of several automakers declined after Trump on Wednesday evening announced 25% tariffs on "all cars that are not made in the United States," which will go into effect on April 2. General Motors pulled back 7.5%, while Stellantis lost 2% and Ford slipped 3%. Elon Musk's...
The S&P 500 fell 0.4%, the Nasdaq lost 0.7% and the Dow Jones sank about 180 points on Thursday, as traders digested the latest tariff announcements and fresh economic data. The Trump administration announced a 25% tariff on "all cars not made in the US," set to take effect on April 2, while Trump warned of imposing "far larger" tariffs on the EU and Canada if they coordinated efforts to counter US trade measures. Concerns are growing that these tariffs could hurt the US economy and drive inflation higher. On the data front, GDP growth for Q4 was revised slightly higher to 2.4% from...
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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