Global Markets

Oil prices extended gains on Thursday after the OPEC+ alliance of major producers stuck to a reduced output policy, and as crude stockpiles in the United States fell to their lowest levels...

Visa is examining a suite of application programming interfaces (APIs) to allow banks to offer Cryptocurrency services. In a press statement, the payment giant said the Visa Crypto APIs pilot program will...

The Dow and S&P 500 rose slightly on Wednesday, registering a third straight session of gains, with Alphabet Inc’s shares hitting a record high following its strong quarterly results.

Stocks in Asia-Pacific were mixed on Wednesday as a private survey showed China’s services sector activity growth slowing sharply in January. Mainland Chinese stocks declined on the day, with the Shanghai composite down 0.46% to...

Oil prices rose in Asia on Wednesday after hitting their highest in about a year in the previous session, supported by an unexpected draw in U.S. crude stockpiles and an OPEC+ estimate...

All the 11 major S&P sectors advanced, with economy-linked energy, financial and industrials gaining the most.

Stocks in the Asian - Pacific regions rose on Tuesday following an overnight jump on Wall Street. The Shenzhen component in mainland China saw robust gains as it rose 2.073% on the day to...

Oil prices rose around 1% on Tuesday after major producers showed they were cutting crude output in line with their commitments on restraint, supporting a market thrown out of kilter by weak...

Silver, one of the most valued commodities has surged to an eight-year high after a critical exchange on social media last week to buy the metal to push up prices. The metal...

Robinhood, the U.S. online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has held talks with banks about raising $1 billion in debt

Asian stock markets posted a surg on Monday as silver prices saw strong gains. South Korea’s Kospi led gains among the region’s major markets, jumping 2.7% to close at 3,056.53 as shares of biopharmaceutical...

Oil prices edged higher on Monday after a weak start, holding on to the past three months of gains, although patchy coronavirus vaccine rollouts, new infections and the discovery of new variants...

Global Markets logged one of the largest weekly loss in three months last week as volatile trading in certain pockets of the market continued, raising concerns about speculative excesses.

An army of retail investors returned to Wallstreet to trade shares in GameStop Corp and Koss Corp. The stocks sky-rocketed after brokers including Robinhood eased some of the restrictions they had placed...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.732 after rising from levels below 90.3 earlier in the week in Asia.

Oil prices were steady on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs of changing supply and demand fundamentals. A cut in Saudi Arabia’s oil...

Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the S&P 500, a day after the three major U.S. indexes suffered their biggest daily percentage drop in...

Shares in Asia-Pacific fell on Thursday following an overnight plunge on Wall Street that wiped out the S&P 500′s 2021 gains and left it in negative territory for the year. Mainland Chinese...

Oil prices slid in early trade on Thursday on fresh worries about weakened fuel demand, after England clamped down on travel and China, the world’s second-largest oil consumer, also sought to limit...

Volume on U.S. exchanges was 23.42 billion shares, well above the 14.31 billion average for the full session over the last 20 trading days.

The Nikkei 225 in Japan rose 0.31% to close at 28,635.21 while the Topix index gained 0.65% to finish its trading day at 1,860.07. South Korea’s Kospi closed 0.57% lower at 3,122.56.

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in Covid-19 cases, bolstering hopes of...

Dow Jones Industrial Average fell 22.96 points, or 0.07%, to 30,937.04, the S&P 500 lost 5.74 points, or 0.15%, to 3,849.62 and the Nasdaq Composite dropped 9.93 points, or 0.07%, to 13,626.07.

Stocks in Asia declined in Tuesday trade, with Chinese stocks leading losses among the region’s major markets. The Hang Seng index in Hong Kong dropped 2.55% to close at 29,391.26. Hong Kong-listed shares of...

Oil prices eased on Tuesday, giving up some of the previous session’s gains, as hopes for rapid approval of new U.S. economic stimulus faded while new coronavirus infections around the world mount up. Brent...

Earlier on Monday, drugmaker Merck & Co said it would stop development of its two COVID-19 vaccines. Its shares managed to shrug off early losses and ended the session up 0.21%.

According to a United Nations Conference on Trade and Development report released on Sunday, China has overtaken the U.S. as the world's top destination for new foreign direct investment. Foreign direct investment...

In the afternoon of Asia - Pacific trading hours, the international benchmark Brent crude futures up 0.47% at $55.67 per barrel. U.S. crude futures gained 0.55% to $52.56 per barrel.

Oil prices slipped for a second straight session on Monday as renewed Covid-19 lockdowns raised fresh concerns about global fuel demand.

Global markets finished the week slightly off record highs, as investors continue to balance positive news with near-term challenges. In focus is the $1.9 trillion fiscal-stimulus proposal from the Biden administration

President Joe Biden said on Friday the U.S. economic crisis was deepening and that the government needs to take major action now to help struggling Americans.

In Japan, the Nikkei 225 slipped 0.44% to close at 28,631.45 while the Topix index shed 0.21% to finish its trading day at 1,856.64. South Korea’s Kospi declined 0.64% to close at 3,140.63.

U.S. West Texas Intermediate (WTI) crude futures dropped 53 cents, or 1%, to $52.60 a barrel at 0445 GMT, after slipping 18 cents on Thursday.

Ford Motor Co jumped 6.17% extending gains for a second straight day after Deutsche Bank raised its price target on the U.S. automaker’s stock.

In December, Larry Fink the firm's Chief Executive Officer noted that the world's most popular cryptocurrency was seeing giant moves on a daily basis and could possibly unfold into a global market.

Shares in major Asia-Pacific markets rose on Thursday after stocks on Wall Street sailed to record highs as U.S. President Joe Biden was sworn into office.

The administration is also committed to ending new oil and gas leasing on federal lands, Biden’s press secretary said, although Biden has not laid out a timeline for achieving that goal.

Saudi Arabia hence became the top supplier to China for a second year in a row, after taking the spotlight from Russia in 2019 where It significantly raised its crude sales to...

The S&P 500 posted 54 new 52-week highs and no new lows; the Nasdaq Composite recorded 336 new highs and four new lows.

Stocks in major Asia-Pacific markets were mostly higher on Wednesday, with Hong Kong-listed shares of Chinese tech juggernaut Alibaba surging following the reappearance of founder Jack Ma. Shares of Alibaba listed in the city surged...

Six analysts polled by Reuters estimated, on average, that crude stocks fell by 300,000 barrels in the week to Jan. 15, but expect gasoline stockpiles rose by 3.0 million barrels. Distillate inventories,...

The S&P 500 posted 37 new 52-week highs and no new lows; the Nasdaq Composite recorded 296 new highs and nine new lows.

South Korea’s Kospi led gains among the region’s major markets, rising 2.61% to close at 3,092.66 as shares of automaker Hyundai Motor surged 8.51%.

Biden’s pick for Treasury Secretary, Janet Yellen, is expected to rule out seeking a weaker dollar when testifying on Tuesday, the Wall Street Journal reported.

Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.84% to 3,596.22 while the Shenzhen component advanced 1.58% to 15,269.27. The Hang Seng index in Hong Kong rose 0.87%, as of its final hour...

“The Relative Strength Indexes (RSI’s) on both contracts were in overbought territory, indicating a correction was on its way,” said Jeffrey Halley, senior market analyst at OANDA.

Turkish stocks, as measured by the BIST-100 Index, returned about -1.0%. T. Rowe Price sovereign analyst Peter Botoucharov has been reviewing the latest macroeconomic data from Turkey and notes that the country’s...

The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.409 following an earlier low of 90.223

“China, the global engine of oil demand growth, is wrestling with fresh COVID outbreaks,” it said.

Investors were waiting for the earnings season to kick into full swing with results from JPMorgan, Citigroup and Wells Fargo slated for Friday.

China’s exports rose 18.1% in December as compared with a year earlier, according to customs data released Thursday.

A hefty COVID-19 relief package, which U.S. President-elect Joe Biden is due to unveil on Thursday, also kept losses in check.

Earnings reports from big U.S. banks including JPMorgan and Citigroup were also on investors minds as they will mark the unofficial start to the fourth-quarter earnings season on Friday.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.90 following an earlier high of 90.037

Prices are shrugging off the latest developments in Europe and the United States where death tolls and new infections keep rising

The S&P 500 posted 87 new 52-week highs and no new lows; the Nasdaq Composite recorded 307 new highs and four new lows

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.26%.

Declining issues outnumbered advancing ones on the NYSE by a 1.53-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 1.3% to $55.26 per barrel. U.S. crude futures dipped 0.86% to $51.79 per barrel.

Mexican stocks, as measured by the IPC Index, returned about 6%. Shares were lifted in part by strength in U.S. equities, as Joe Biden—who is expected to be less aggressive on trade...

Electric car-maker Tesla Inc jumped 7.8%, taking its market capitalization to more than $800 billion for the first time ever. Tesla was the largest percentage gainer on the S&P.

Russia and Kazakhstan will collectively increase their output by 75,000 bpd while the rest of the group will hold output steady.

The Japanese yen traded at 103.93 per dollar after weakening from levels below 103.2 against the greenback yesterday. The Australian dollar changed hands at $0.7762, having seen levels above $0.78 earlier this week.

Advancing issues outnumbered declining ones on the NYSE by a 1.72-to-1 ratio; on Nasdaq, a 2.88-to-1 ratio favored advancers.

Mainland Chinese stocks saw gains on the day, with the Shanghai composite up 0.71% to 3,576.20 and the Shenzhen component rising 1.111% to 15,356.40. Hong Kong’s Hang Seng index lagged the region’s major markets as it dipped 0.52%...

Shares in Canadian marijuana producer Tilray soared more than 24 percent before closing up 13 percent to $10.77. In after markets trading it soared another 8 percent.

Markets across Asia-Pacific were mixed on Wednesday, as developments turned the focus on Chinese tech giants and regional energy stocks. Shares of Chinese tech giants Tencent and Alibaba were monitored by investors on Wednesday after U.S....

Meanwhile U.S. crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.

The S&P 500 posted 19 new 52-week highs and no new lows; the Nasdaq Composite recorded 117 new highs and four new lows.

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 0.12% to $51.03 per barrel. U.S. crude futures were little changed at $47.61 per barrel.

England went into a new lockdown on Monday as its Covid-19 cases surged following the emergence of a more transmissible variant of the coronavirus.

Shares of FLIR Systems Inc jumped about 19% after Teledyne Technologies Inc agreed to buy the thermal imaging camera supplier for $8 billion in cash and stock. Teledyne’s shares dropped about 9%.

Mainland Chinese stocks rose on the day: The Shanghai composite gained 0.86% to 3,502.96 while the Shenzhen component soared 2.466% to 14,827.47.

Investor sentiment and the lira currency also benefited from the central bank’s recent action on interest rates. Following the December 24 monetary policy meeting—at which policymakers decided to raise all three major...

Gold prices gained as safe-haven metal notched its best year in a decade due to economic uncertainties caused by the pandemic. Spot gold added 0.2% to $1,897.88 an ounce.

Mainland Chinese stocks surged on the day: the Shanghai composite climbed 1.72% to 3,473.07 while the Shenzhen component gained 1.895% to 14,470.68. The Hang Seng index in Hong Kong advanced 0.31% to 27,231.13.

Volume on US exchanges was 9.57 billion shares, compared with the 10.93 billion average for the full session over the last 20 trading days.

China’s 2019 GDP growth was revised downward to 6.0%, according to a statement released Wednesday by the country’s National Bureau of Statistics. That compared against a pre-revision 2019 growth rate of 6.1%.

Intel Corp jumped after Reuters reported activist hedge fund Third Point LLC is pushing the chipmaker to explore strategic options, including whether it should remain an integrated device manufacturer.

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.69% to $51.21 per barrel. U.S. crude futures gained 0.65% to $47.93 per barrel.

In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment benefits to millions of Americans and averting a federal government shutdown.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.093 after declining from levels above 90.4 in recent days.

Russian stocks declined early in the week amid worsening sentiment toward riskier asset classes and on news that the U.S. Department of Commerce would move to block trade in goods and services...

The move came after President Donald Trump slammed the $900 billion bill, calling it an unsuitable “disgrace” because it calls for $600 rather than $2,000 checks.

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.29% to $51.35 per barrel. U.S. crude futures advanced 0.25% to $48.24 per barrel.

Brent crude futures dropped 0.6 percent to $49.78 a barrel and US crude futures fell 0.74 percent to $46.68. Gold ralled 0.5 percent to $1,868 an ounce.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 90.445 following an earlier high of 90.666.

The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 278 new highs and seven new lows.

The S&P 500 posted 16 new 52-week highs and no new lows; the Nasdaq Composite recorded 182 new highs and 17 new lows.

Global markets edged higher last week, with all major benchmark global indices hitting fresh all-time highs. Fiscal-stimulus optimism in the United States, along with a brighter longer-term outlook driven by the rollout...

The Dow Jones Industrial Average fell 124.32 points, or 0.41%, to 30,179.05, the S&P 500 lost 13.07 points, or 0.35%, to 3,709.41 and the Nasdaq Composite dropped 9.11 points, or 0.07%, to...

The U.S. dollar index, which tracks the greenback against a basket of its peers, last traded at 89.945 after weakening this week from levels above 90.4.

Advancing issues outnumbered declining ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 1.23% to $51.71 per barrel. U.S. crude futures gained 1.34% to $48.46 per barrel.

Southwest Airlines Co fell 1.5% after flagging a higher cash burn in the fourth quarter, as well as increased trip cancellations in December.

The Japanese yen traded at 103.40 per dollar, having seen levels around 104.1 against the greenback yesterday. The Australian dollar was at $0.7565 after trading at levels around $0.751 yesterday.

Volume on U.S. exchanges was 10 billion shares, compared with the 11.5 billion average for the full session over the last 20 trading days.

The Japanese yen traded at 104.05 per dollar after seeing levels below 103.8 against the greenback yesterday. The Australian dollar changed hands at $0.7526 following levels above $0.756 seen yesterday.

Electric-car maker Tesla Inc rallied almost 5% as anticipation of its addition to the S&P 500 benchmark next week offset a report of production delays.