Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more "noise" than signals of a short-term surplus. As of 3:50 PM WIB, Brent was at $69.60/barrel (+0.29%) and WTI was at $64.83/barrel (+0.31%). The gains were moderate, but enough to keep prices near the psychological $70 level for Brent. From a geopolitical perspective, market focus is on the potential for escalation in the Middle East. Recent reports...
The major U.S. averages fell sharply on Thursday, dragged down by a selloff in technology stocks. The S&P 500 fell 1.6%, the Nasdaq 100 dropped 2.7%, and the Dow dropped 192 points. Nvidia slumped 6.1% after its earnings report, weighing on the broader market as investors weighed economic risks. Sentiment weakened further after President Trump confirmed a 25% tariff on European cars and new levies on Mexico and Canada starting March 4. Salesforce fell 2.9% on weak guidance, while Uber dropped 2.3% amid reports that Tesla (-3.1%) is seeking approval to operate a ride-hailing service in...
European stock markets fell broadly on Thursday after U.S. President Donald Trump on Wednesday again threatened to impose 25% tariffs on imports from the European Union. The Stoxx 600 provisionally closed 0.51% lower, paring earlier losses, as car prices plunged 4%. The highly globalized sector was rocked earlier this month by expectations of escalating U.S. trade tensions with the rest of the world. Data earlier this week showing a 2.6% year-on-year decline in passenger car sales further dampened sentiment around the industry. Meanwhile, Ferrari shares plunged almost 8% after Exor, the...
U.S. stocks hovered around both sides of the flatline on Thursday as traders assessed quarterly earnings from artificial intelligence-darling Nvidia (NASDAQ:NVDA) and fresh tariff remarks from President Donald Trump By 10:04 ET (15:04 GMT), the Dow Jones Industrial Average had added 81 points or 0.2%, the benchmark S&P 500 had erased earlier gains to trade down by 24 points or 0.4%, and the tech-heavy Nasdaq Composite had shed 201 points or 1.0%. Stocks in Asia provided a broadly weaker handover, with tech shares in particular receiving limited direction from Nvidia's results. In...
The Hang Seng fell 70 points, or 0.3%, to close at 23,718 on Thursday, retreating from a rally in the previous session as declines in the technology and consumer staples weighed on sentiment. The index fell from its highest level in more than three years, with the AI-driven tech boom, driven by startup DeepSeek, taking a breather after Nvidia's earnings. Geopolitical concerns also weighed on the market after China launched military drills near Taiwan. Meanwhile, investors awaited official February PMI data from the mainland, with expectations that the Lunar New Year holiday may have slowed...
Japan stocks were higher after the close on Thursday, as gains in the Marine Transport, Trading and Pharmaceutical Industry sectors led shares higher At the close in Tokyo, the Nikkei 225 added 0.30%. The best performers of the session on the Nikkei 225 were Sompo Holdings Inc (TYO:8630), which rose 5.00% or 215.00 points to trade at 4,519.00 at the close. Meanwhile, Fujikura Ltd. (TYO:5803) added 4.81% or 304.00 points to end at 6,625.00 and Itochu Corp. (TYO:8001) was up 4.34% or 282.00 points to 6,774.00 in late trade. The worst performers of the session were Seven & i Holdings...
Hang Seng Index opened down by four points, or 0.01%, settling at 23,783 points. In contrast, the National Enterprises Index rose by three points, or 0.03%, to reach 8,795 points, while the Technology Index gained ten points, or 0.16%, reaching 5,963 points.In the technology sector, stocks exhibited mixed results. Tencent and Alibaba each advanced by 0.4%, while Meituan and Xiaomi Group both increased by 0.5%. However, JD.com and Kuaishou faced declines, falling by 0.8% and 0.3%, respectively. Financial stocks remained stable, with HSBC Holdings and AIA both rising by 0.3%, and Ping An...
The Nikkei 225 Index rose 0.6% to above 38,300 while the broader Topix Index gained 0.5% to 2,730 on Thursday, with Japanese shares snapping a two-day losing streak and tracking gains in key Wall Street indexes. These moves came after US President Donald Trump raised hopes of another one-month tariff pause on imports from Mexico and Canada, while also proposing 25% tariffs on European autos and other goods. Investors also took in Nvidia's earnings report, which highlighted strong demand for chips in the growing artificial intelligence sector. In Japan, Seven & I Holdings saw a sharp...
All three U.S. indexes erased earlier gains on Wednesday, extending their losses from the previous session as investors grappled with trade policy uncertainty and awaited Nvidia's earnings. The S&P 500 fell 0.1%, heading for its fifth straight decline, while the Nasdaq 100 dropped 0.2%. The Dow Jones Industrial Average fell more than 200 points amid concerns about new tariffs after President Trump announced a 25% levy on European autos and confirmed tariffs on Mexico and Canada that will take effect on April 2. Nvidia shares rose more than 2% ahead of its highly anticipated earnings...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....