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 S&P 500 was little changed on Monday as the market tried to recover from Friday's sharp selloff. The broad index fell 0.2%. The Dow Jones Industrial Average rose 120 points, or 0.3%. The Nasdaq, meanwhile, fell 0.8%. Big tech stocks came under pressure, sending the Nasdaq Composite down for the day and briefly entering negative territory for 2025. Palantir plunged 10%, dragging the Nasdaq lower. Microsoft fell about 1% after a TD Cowen analyst report said the company was cutting spending on data centers, raising concerns about a weakening artificial intelligence trade. Chipmaker...
European stocks closed mostly lower on Monday as markets digested the results of Germany's general election and continued to adjust to uncertain expectations about government spending in Europe and trade flows with the U.S. The STOXX 50 fell 0.4% to close at 5,452 and the STOXX 600 edged down 0.1% to 553. The CDU/CSU bloc won 28.6% of the vote, in line with expectations but needs to form a coalition to secure a parliamentary majority. Negotiations could be lengthened and the far-right AfD and the Left Party together secured a third of the seats, enough to block key legislation in the new...
U.S. stocks were choppy on Monday, as investors looked ahead to a high-profile quarterly earnings report from Nvidia and crucial economic data. By 10:02 ET (15:02 GMT), the benchmark S&P 500 had fallen by 19 points or 0.3%, the tech-heavy Nasdaq Composite had dipped by 159 points or 0.8%, and the 30-stock Dow Jones Industrial Average was mostly flat. The main averages on Wall Street fell on Friday and posted weekly losses, weighed down in part by figures showing a decline in U.S. business activity to a 17-month low -- signaling that businesses and consumers were becoming increasingly...
European markets opened lower on Monday as traders reacted to the results of the German federal election. The pan-European Stoxx 600 was around 0.2% lower shortly after the opening bell, with sectors and major bourses trading mixed. Germany's Dax index was up by around 0.4% during early deals. Exit polls show the conservative Christian Democratic Union and the allied Christian Social Union secured the largest share of votes in the election on Sunday, with the alliance's candidate Friedrich Merz set to take over from Olaf Scholz as chancellor of Europe's largest economy. The CDU-CSU won...
Asia-Pacific markets mostly fell Monday after Wall Street logged its worst session of the year last Friday as U.S. economic data pointed to a slowing economy and sticky inflation. Hong Kong's Hang Seng index was down 0.37%, after notching a nearly three-year high in its previous session. Mainland China's CSI300 index fell 0.26% in choppy trading. Indian stocks continued to be in negative territory, with the Nifty 50 down 1.01%, while the BSE Sensex index fell 0.99%. In South Korea, the Kospi ended the day 0.35% lower at 2,645.27, while the small-cap Kosdaq was closed down 0.17% at...
Japanese stocks closed to commemorate the birthday of the Japanese emperor
(Hong Kong) The Hang Seng Index opened down by 5 points, or 0.02%, at 23,472 points, while the Hang Seng China Enterprises Index rose by 3 points, or 0.04%, to 8,670 points. The Technology Index also experienced a modest increase, gaining 5 points, or 0.09%, to reach 5,864 points. Technology stocks showed a generally strong performance, with Tencent rising by 0.9% and Tencent Music surging by 9.2% after being included in the Tech Index. Other notable gains included Meituan, which increased by 1.1%, and Xiaomi, up by 0.9%. Alibaba saw a slight rise of 0.2%, while JD.com edged up by 0.1%....
Asia-Pacific markets were set to fall Monday, after Wall Street logged its worst session of the year last Friday on lackluster U.S. economic data that pointed to a slowing economy and sticky inflation.Australia's S&P/ASX 200 extended losses to a sixth straight session, opening 0.81% lower.Futures for Hong Kong's Hang Seng index last traded at 23,397, pointing to a weaker open compared to the HSI's Friday close of 23,477.92.Japanese markets are closed for a public holiday.Singapore is slated to release its inflation numbers for January later in the day. A Reuters' poll forecasts the...
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....