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...
US stocks edged up on Thursday, as investors weighed a flood of corporate earnings and more labor market data. At 9:45 a.m. ET (14:45 GMT), the Dow Jones Industrial Average was up 40 points, or 0.1%, the S&P 500 was up 11 points, or 0.2%, and the NASDAQ Composite was up 25 points, or 0.1%. The number of Americans filing for first-time unemployment benefits edged up more than expected last week, consistent with a slowing labor market. Initial jobless claims came in at 219,000 in the week ended Feb. 1. The previous week's figure was revised up slightly by 1,000 to 208,000, while...
Hong Kong's stock market ended higher on Thursday with the benchmark Hang Seng Index up 1.43 percent to close at 20,891.62 points. The Hang Seng China Enterprises Index jumped 1.64 percent to end at 7,690.35 points, and the Hang Seng Tech Index climbed 2.62 percent to close at 5,059.38 points. Sumber : CTX
The STOXX 50 gained 0.4% and the STOXX 600 added 0.5% on Thursday, marking a third consecutive session of gains, boosted by strong corporate results. Shares of AstraZeneca gained almost 4% after the company's earnings and revenue topped forecasts and the pharmaceutical giant said it expects further sales. Societe Generale jumped about 7% after reporting a rise in Q4 revenue and saying it is targeting revenue growth and higher profitability for the year. Maersk soared more than 6% after the company started a $2 billion share buyback program. On the other hand, Volvo sank more than 7% after...
Japanese stocks rose after the close on Thursday, as gains in the Manufacturing, Steel and Automobiles & Parts sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 gained 0.63%. The best performers on the Nikkei 225 were Renesas Electronics Corp (TYO:6723), which rose 12.60%, or 258.00 points, to close at 2,305.50. Meanwhile, Bandai Namco Holdings Inc (TYO:7832) rose 9.87%, or 433.00 points, to close at 4,822.00 and Nippon Electric Glass Co., Ltd. (TYO:7832) gained 1.00%, or 433.00 points, to close at 4,822.00. (TYO:5214) rose 9.24% or 313.00 points to close at 3,702.00...
Asia-Pacific markets opened higher Thursday, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings. Australia's S&P/ASX 200 traded 0.9% higher. Japan's Nikkei 225 rose 0.39% at the open, while the Topix added 0.33%. South Korea's Kospi rose 0.45% while the Kosdaq traded 0.8% higher. Hong Kong's Hang Seng index futures were at 20,681, compared with the HSI's last close of 20,597.09. India's central bank is expected to cut benchmark interest rates in its policy meeting that's underway, as it strives to stimulate a...
Stocks rallied on Wednesday, pushing the Dow Jones Industrial Average and S&P 500 higher for the second day in a row, as investors looked past the trade turmoil that weighed on the market earlier in the week. The gains came even as notable technology stocks Alphabet and AMD posted steep losses following earnings. The blue-chip Dow climbed 317 points, or 0.7%, led by gains in Nvidia.The broad market index rose about 0.4%, putting its week-to-date gains into positive territory at 0.3%. Meanwhile, the Nasdaq Composite ticked higher by 0.2%. Nvidia jumped 4% after the server maker Super...
The S&P 500 moved higher on Wednesday in choppy trading as investors shrugged off a revenue miss from AlphabetThe broad market index rose 0.1%, while the Dow Jones Industrial Average climbed 143 points, or 0.3%. The Nasdaq Composite fell 0.1%. Alphabet shares tumbled 7% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap technology company will take longer to capitalize on its AI ambitions. Overall revenue for the period also came up short.AMD shares were also lower by 7% after the company's...
The S&P 500 and Nasdaq Composite fell Wednesday after mixed quarterly figures from Alphabet and chipmaker AMD led the tech sector lower. A decline in Apple also put pressure on the major indexes. The broad market index dipped 0.2%, while the Nasdaq lost 0.5%. The Dow Jones Industrial Average hovered around the flatline. Alphabet shares tumbled 8% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap tech company will take longer to capitalize on its AI ambitions. Overall revenue for the period...
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....