Oil headed for the biggest weekly loss since late June as traders positioned for a key OPEC+ decision on supply this weekend. Brent futures edged marginally higher on Friday, but were still trading below $65 a barrel and set for a weekly slump of about 8%. Prices have declined the past four days on the expectation OPEC+ will discuss fast-tracking more supply hikes. Meanwhile, efforts by the Trump administration to keep oil exports flowing from northern Iraq, as well as a US government shutdown, have added to the bearish sentiment. The OPEC+ meeting comes as...
The Nikkei Stock Average is flat at 38414.96 as gains in electronics stocks help offset losses in financial shares. Lasertec is up 0.7% while Dai-ichi Life Holdings is down 1.0%. USD/JPY is at 154.61, compared with 154.55 as of Tuesday's Tokyo stock market close. Investors are focusing on the yen's movements as well as developments for the Russia-Ukraine war. Source: marketwatch
Stocks in Asia made a muted start as traders awaited earnings from the world's most valuable company, while assessing heightened geopolitical risks. Shares edged higher in Seoul and Tokyo, and futures pointed to small declines in Hong Kong. US contracts climbed after Wall Street benchmarks closed higher, reversing earlier losses spurred by fears about an escalation in the Ukraine-Russia war. Treasuries were little changed after rising on haven demand in the previous session. The geopolitical headlines related to Ukraine created some selling pressure in US equities in...
The Nasdaq Composite gained Tuesday, driven by Nvidia shares, as investors shrugged of concerns of mounting geopolitical tensions between Ukraine and Russia. The Nasdaq popped 1.04% to finish at 18,987.47, while the S&P 500 gained 0.4% to end at 5,916.98. The Dow Jones Industrial Average dipped 120.66 points, or 0.28%, to settle at 43,268.94. One bright spot was technology stocks and Nvidia, which gained nearly 5% ahead of its closely watched earnings report Wednesday. Walmart added 3% after posting better-than-expected earnings and hiking its outlook on strong discretionary spending....
European markets slid on Tuesday, trading around a three-month low, as concerns over Russia reared their head once again.The pan-European Stoxx 600 was down 0.67% at 4:07 p.m. London time. Most sectors and all regional bourses pulled back, with bank stocks falling 1.78% and travel down 1.4%.Global markets saw a shift into safe havens as events in Russia sparked concern around the world. The Kremlin on Tuesday said it had expanded the circumstances under which it will consider nuclear retaliation. Meanwhile, its defense ministry said Ukraine had already deployed six contentious U.S.-made...
Stocks fell Tuesday as investors fled to safety amid rising geopolitical tensions between Ukraine and Russia. The Dow Jones Industrial Average shed 400 points, or 0.9%. The S&P 500 and Nasdaq Composite lost 0.5% and 0.2%, respectively. Treasurys increased as investors moved into the safe haven, driving yields lower. Gold futures also gained. The market pressure began overnight after Russian President Vladimir Putin warned the U.S. that the threshold for the use of nuclear weapons had lowered, a new stance coming after President Joe Biden allowed Ukraine to use U.S. weapons to strike...
The Hang Seng rose 87 points, or 0.4%, to close at 19,664 on Tuesday (11/19), marking its second session of gains amid positive sentiment from Wall Street on Monday, with lower U.S. Treasury yields boosting the appeal of equities. Meanwhile, Chinese Vice President He Lifeng highlighted the increasing certainty in Hong Kong's economic growth, as Beijing commits to strengthening the city's competitiveness, especially in its financial industry to attract more foreign investment. The gains were broad-based, led by the technology and consumer sectors. However, the gains were capped by caution...
Japanese stocks rose after the close on Tuesday (11/19), as gains in the Paper & Pulp, Steel and Warehousing sectors boosted shares. At the close in Tokyo, the Nikkei 225 was up 0.45%. The best performers on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 11.55% or 673.00 points to trade at 6,499.00 at the close. Meanwhile, Fujikura Ltd. (TYO:5803) rose 7.17% or 378.00 points to close at 5,650.00 and Ebara Corp. (TYO:6361) gained 5.21% or 115.00 points to 2,323.00 in close. The worst performers on the session were Bandai Namco Holdings Inc (TYO:7832), which fell 3.83%...
European equity markets are set to open higher on Tuesday (11/19) as investors look ahead to key economic data and earnings reports. Final Eurozone inflation figures for October are due later in the session, while earnings are expected from Imperial Brands and Thyssenkrupp. Markets are also closely watching comments from European Central Bank officials for further insight into the region's monetary policy outlook. In pre-market trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.3%, signaling an upbeat start to the session. Source: Trading Economics
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
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....