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...
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
The Hang Seng Index opened 0.7% higher, climbing 135.21 to 19,711.82, as stocks gain for the second straight day in Hong Kong. HSBC Holdings Plc contributed the most to the index gain, increasing 1.4%. Trip.com Group Ltd. had the largest increase, rising 5.9%. In early trading, 67 of 82 shares rose, while 12 fell; all sectors were higher, led by commerce and industry stocks. Source: Bloomberg
The Nikkei 225 Index gained 0.2% to around 38,300, while the broader Topix Index advanced 0.3% to 2,700 on Tuesday, recovering some of the losses from the previous session, helped by gains in heavyweight bank stocks. Japanese shares also took cues from a positive lead on Wall Street, where both the S&P 500 and Nasdaq Composite halted their recent declines. In comments on Monday, Bank of Japan Governor Kazuo Ueda signaled that the central bank would raise interest rates gradually if the economy develops as expected, though he provided no specific timeline for future hikes. Investors are...
Asia-Pacific markets opened higher on Tuesday, tracking Wall Street gains buoyed by a Tesla rally, and as investors wait to watch key Chinese financial policymakers speak at an investment summit in Hong Kong. Australia's S&P/ASX 200 traded 0.53% higher in its first hour of trade. Japan's Nikkei 225 was up 0.68%, while the Topix rose 0.65%. South Korea's Kospi and Kosdaq traded around the flatline. Hong Kong's Hang Seng index futures were at 19,766, higher than the HSI's last close of 19,576.61. The Reserve Bank of Australia will publish the minutes from its monetary policy meeting...
European markets were lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due this week. The pan European Stoxx 600 was down 0.38% at 2:40 p.m. London time, with major regional bourses and sectors mostly pulling back. Retail stocks led losses, down 1.17%, while oil and gas stocks added 0.36%.Markets had closed lower on Friday, with the Stoxx 600 recording its fourth consecutive weekly decline. This week, investors will be looking to several key regional data points, including the latest inflation data out of the U.K. on Wednesday. The...
The Nasdaq Composite rallied Monday as Tesla shares surged and Wall Street braced for major market-moving earnings reports. The Nasdaq advanced 0.3%, while the Dow Jones Industrial Average fell 60 points, or 0.1%. The S&P 500 edged up 0.1%. Tesla spearheaded the tech-heavy index's rally, popping 8% amid a Bloomberg News report, citing sources, that President-elect Donald Trump's team is working on ways to ease regulation on self-driving vehicles. Elsewhere, Apple and Netflix rose about 2%, while Advanced Micro Devices surged nearly 4%. Wednesday's report from the AI chip darling...
The Hang Seng rose 150 points or 0.8% to close at 19,577 on Monday, breaking a six-session of losses after China urged listed companies to lift share prices through mergers and acquisitions, employee stock schemes, cash dividends, and share buybacks. However, the index trimmed early rises following Morgan Stanley's downgrade of Hong Kong shares to "underweight" from "market weight". Most sectors advanced, notably financials, consumers, and tech. Geely Auto jumped 4.4% after Jefferies kept a "buy" rating, citing restructuring efforts to improve efficiencies. Some traders were cautious ahead...
European equity markets were set to open higher on Monday, as investors looked ahead to key inflation data from the Eurozone and the UK later this week, which could offer insights into the region's monetary policy direction. Markets were also awaiting remarks from key central bank officials for further clues on future policy moves. Moreover, European futures tracked US futures higher as investors prepared for Nvidia's earnings report this week, with traders watching for guidance about the demand for its Blackwell AI chips. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were both up...
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....