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 Hang Seng Index fell 0.9% at 20,597.09 in Hong Kong. The move was the biggest since falling 1.6% on Jan. 22 and follows the previous session's increase of 2.8%. AIA Group Ltd. contributed the most to the index decline, decreasing 1.9%. Nongfu Spring Co. had the largest drop, falling 6.9%. Today, 67 of 83 shares fell, while 15 rose; all sectors were lower, led by commerce and industry stocks. Source: Bloomberg
European markets opened in negative territory on Wednesday (2/5), with investors looking ahead to more earnings from a number of major companies. Earnings are due from Handelsbanken, TotalEnergies, Akzo Nobel, Credit Agricole, Novo Nordisk, GSK, Vestas Wind and Banco Santander, among others. On the data front, the latest purchasing managers' index data from the euro zone is due on Wednesday. Regional markets were mostly flat on Tuesday as investors continued to monitor developments in U.S. trade policy under President Donald Trump, and after China announced tariffs on U.S. imports in...
Japanese stocks rose after the close on Wednesday (2/5), as gains in the Textiles, Marine Transportation and Services sectors boosted shares. At the close in Tokyo, the Nikkei 225 gained 0.08%. The best performers on the Nikkei 225 were Bandai Namco Holdings Inc (TYO:7832), which rose 13.73% or 530.00 points to trade at 4,389.00 at the close. Meanwhile, Panasonic Corp (TYO:6752) rose 13.66% or 209.00 points to close at 1,738.50 and Honda Motor Co Ltd (TYO:7267) gained 8.19% or 113.50 points to 1,500.00 in late trade. The worst performers on the session were Yokogawa Electric Corp....
Asia-Pacific markets were mixed Wednesday after Wall Street rose overnight, shrugging off Trump tariffs and China's retaliatory measures. All eyes are on China, which resumed trading after the Lunar New Year holidays and as the Chinese government announced tariffs on U.S. imports in retaliation to duties on its exports. Mainland China's CSI300 Index started the day up, but reversed course to drop 0.61%. China's Caixin Services PMI came in at 51.0 in January, compared with December's 52.2 reading, showing a slowdown in the country's services activity. Hong Kong's Hang Seng index started...
The Nasdaq Composite and S&P 500 moved higher on Tuesday due to a strong gain in Palantir as Wall Street sought stable footing following the latest developments on the global trade front. The tech-heavy index jumped 1.35% to 19,654.02, while the S&P 500 rose 0.72% to 6,037.88. The Dow Jones Industrial Average climbed 134.13 points, or 0.3%, to 44,556.04. Palantir shares popped about 24% on fourth-quarter results that beat analysts' expectations and had hit a fresh record high. Other Big Tech names such as Nvidia were moving in sympathy with Palantir's climb.The chip giant advanced...
The Dow Jones Industrial Average (DJIA) is testing the 44,450 region on Tuesday, with equities slowing their recent pace of volatility as United States (US) President Donald Trump walks back nearly all of his recent trade war blustering and kicks his self-imposed tariff can down the road for a third time. US import tariffs on goods from Mexico and Canada have been delayed for up to 30 days, while planned tariffs on China are still on the table and warnings of tariffs on goods from the European Union are also in the pipe. Despite all the trade war bluster, the Trump administration's three...
European stock markets closed higher Tuesday after U.S. President Donald Trump's decision overnight to delay tariffs on Canada and Mexico raised hopes that Europe could also avoid duties. The pan-European Stoxx 600 ended the day 0.22% higher. UBS shares fell 7% after the lender's fourth-quarter results and up to $3 billion share buyback plans failed to impress. The move higher comes after European stocks slumped on Monday as investors reacted to Trump's decision to impose trade tariffs on Canada, Mexico and China, and threatened to introduce levies on goods from the European Union and...
Stocks were little changed on Tuesday as Wall Street tries to find stable footing following the latest developments on the global trade front. The Dow Jones Industrial Average traded 58 points lower, or 0.1%. The S&P 500 hovered just above the flatline, while the Nasdaq Composite climbed 0.3% thanks to a strong gain in Palantir. Palantir shares popped 23% on fourth-quarter results that beat analyst expectations. The stock was headed for its best day in nearly a year. The Chinese government slapped tariffs of up to 15% on U.S. imports of coal and liquefied natural gas and 10% higher...
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....