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...
Dow tumbles nearly 900 points, Nasdaq suffers worst day since 2022 as recession fears eruptA three-week market sell-off intensified on Monday, with investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview. The S&P 500 shed 2.7%, touching its lowest level since September at one point and closing at 5,614.56. The tech-heavy Nasdaq Composite saw the sharpest decline of the major averages, falling 4% for its worst session since September 2022 and closing at 17,468.33. The Dow...
Stocks plunged on Monday as the selloff that dragged down Wall Street last week continued, with investors worried about an economic slowdown after President Donald Trump did not rule out a recession with U.S. tariffs. The Dow Jones Industrial Average fell 423 points, or 1%. The S&P 500 fell 2.1%, and the Nasdaq Composite dropped 3.4%. The tech-heavy Nasdaq was weighed down by declines in the "Magnificent Seven." Tesla fell 8%, Alphabet fell 4%, and MetaTrader 4 and AI darling Nvidia fell 5%. Stocks have been under pressure as investors worry about a possible recession because of the...
The Hang Seng plunged 448 points, or 1.9%, to close at 23,784 on Monday, falling for a second session as U.S. futures fell amid concerns over an economic slowdown. Worries have been heightened by fresh levies on major trading partners, rising U.S. unemployment and federal layoffs. Sentiment has been further dampened by deflationary pressures in China, with consumer prices posting their sharpest decline in 13 months in February and producer prices extending their decline to 29 months. On the trade front, tensions have been rising as China plans retaliatory tariffs on Canadian farm...
European markets started the new trading week on a positive note after recent global market uncertainty and volatility. The pan-European Stoxx 600 moved 0.2% higher shortly after the opening bell on Monday (3/10), with most sectors and all major bourses in positive territory. Germany's Dax and France's CAC 40 both rose around 0.4%. Regional markets closed in negative territory on Friday, ending a volatile week marked by indecisive policy on US tariffs, the latest interest rate cut from the European Central Bank, and key US jobs data showing nonfarm payrolls rose by less than expected by...
Japan stocks were higher after the close on Monday, as gains in the Power, Rubber and Chemical, Petroleum & Plastic sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.34%. The best performers of the session on the Nikkei 225 were Lasertec Corp (TYO:6920), which rose 9.98% or 1,380.00 points to trade at 15,210.00 at the close. Meanwhile, SMC Corp (TYO:6273) added 6.82% or 3,750.00 points to end at 58,750.00 and Oriental Land Co Ltd (TYO:4661) was up 5.54% or 172.00 points to 3,277.00 in late trade. The worst performers of the session were Mitsubishi Heavy...
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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