Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Oil prices rose after US President Donald Trump threatened to punish India for buying Russian energy, in an effort to increase pressure on Moscow to end the war in Ukraine. Brent oil prices approached $73 per barrel in volatile trading, following a two-day rally that shook prices out of a narrow range this month. Trump said on his social media platform Truth Social that India would face a 25% tariff "plus penalties," criticizing the country as one of Russia's largest energy buyers. Trump had previously warned of "tariffs and so on" if a ceasefire was not agreed within 10 days and said he...
Oil prices fell on Wednesday (July 30th) as investors awaited developments on US President Donald Trump's tighter deadline for Russia to end the war in Ukraine and his threat of tariffs on countries that trade its oil. The most active Brent crude futures fell 58 cents, or 0.81%, to $71.10 a barrel at 10:14 a.m. GMT, while US West Texas Intermediate crude fell 58 cents, or 0.84%, to $68.63. The September Brent crude contract, which expires on Wednesday, fell 59 cents, or 0.81%, to $71.92. Both contracts had hit their highest prices since June 20th on Tuesday. Trump said on Tuesday that he...
Gold prices edged higher on Wednesday (July 30th), boosted by a slightly weaker dollar as investors awaited the Federal Reserve's policy decision and comments that could provide further clues about the timing of the US central bank's next move. Spot gold rose 0.2% to $3,331.03 an ounce, as of 08:28 GMT. US gold futures rose 0.1% to $3,328.30. The dollar index, weakened 0.1% after hitting a more than one-month high on Tuesday, making gold cheaper for holders of other currencies. "There are a variety of factors that, combined, are keeping gold prices subdued. From a geopolitical perspective,...
The US dollar index weakened on Wednesday (July 30th), snapping a four-day winning streak as investors remained cautious ahead of the Federal Reserve's policy meeting, following a sharp reaction to the US-EU trade deal earlier this week. Meanwhile, the euro was poised to post its first monthly decline since December 2024. The Japanese yen strengthened against the dollar after a powerful earthquake struck the Kamchatka Peninsula in Russia's Far East and triggered a tsunami, prompting evacuation warnings across much of Japan's eastern coast. Forex markets were largely stable as investors...
The EUR/USD pair fluctuates near a one-month low and is on track for its first monthly decline since December of last year. The euro remains weak, weighed down by negative reactions to the trade deal between the European Union (EU) and the United States (US). Investors are also eyeing the latest second-quarter GDP figures from major European economies, with France growing higher than expected and Germany recording a mild contraction. Eurozone Gross Domestic Product (GDP) figures and the Federal Reserve's interest rate decision are due soon. The euro (EUR) posted a slight recovery from a...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...