Global Markets

The price of crude oil has had the greatest weekly surge for the first time in over three months, leaving the price of Brent crude settling above 70 USD per barrel since...

Murban crude oil output in Saudi Arabia has significantly gone up with the aim of reclaiming market share as opposed to maintaining price stability, following a dip in OPEC`s market share from...

Tech stocks led the decline on Wall Street, with Oracle plunging 5.7% following a downgrade from Rothschild analysts.

Gold’s safe-haven appeal continues to shine in the current low-rate environment, with the metal hitting a record high of $3,790.82 earlier this week.

Overall market breadth on Wall Street was negative, with decliners outpacing advancers on both the NYSE and Nasdaq.

Singapore is in the process of obtaining the carbon credit in African countries. The country's aim is to improve its climatic condition. Singapore therefore aims at signing 2.2 million Tonnes contract by...

Last Thursday the International Energy Agency (IEA), announced a significant surge in its estimates on the global crude oil output for the year 2026 to 3.33 million barrels per day (bpd), which...

Larry Ellison has briefly overtook Elon Musk as the world's richest man, this was after Oracle made $101 billion in a single day. This is the largest one-day increase ever recorded on...

Stocks on Wall Street opened September on a defensive note as investors digested a landmark court decision on tariffs and a sharp jump in Treasury yields. All three major indices logged losses,...

US stocks took a heavy blow on Thursday as investors reacted with alarm to the latest developments in President Donald Trump’s tariff standoff.

Asian markets experienced a mixed day of trading Thursday, reflecting the impact of U.S. President Donald Trump's announcement of a 90-day pause on higher tariffs

The US stock markets experienced one of their most remarkable rallies in history on Wednesday, following President Donald Trump's announcement of a temporary pause...

Apple led the declines on US Stock Markets, with its shares closing nearly 5% lower after an earlier 4% gain.

The U.S. stocks market has been grappling with unprecedented volatility following President Donald Trump's announcement of sweeping tariffs.

This widespread sell-off on Asian stock markets highlights the volatility and challenges facing markets, with investors closely monitoring global economic conditions.

The ripple effects of Asian markets rout were felt in Europe’s early trading session. France’s CAC 40 dropped 1.8 percent,

Amidst the Asia-Pacific Markets turmoil, investors flocked to safe-haven assets, driving the price of spot gold to a record high of $3,148.84 per ounce.

U.S. markets were mixed following President Donald Trump's announcement of sweeping tariffs, set to take effect on April 5, 2025. The policy, which imposed a baseline rate of 10% on imports from...

The U.S. stock markets experienced a volatile session on Monday, with the S&P 500 managing to recover from earlier losses to close higher.

Asian Markets were down on Monday as traders anticipatied fresh tariffs from U.S. President Donald Trump later in the week.

Kospi, the benchmark index in South Korea sank 1.9% to 2,557.98 during Asian Stock market hours, with Hyundai Motor Co. leading the drag.

The primary catalyst for the US market's decline was the announcement of new tariffs on cars manufactured outside the U.S by the Trump administration on Wednesday.

Asian stock markets displayed mixed trends on Thursday as investors reacted to U.S. President Donald Trump's announcement of 25% tariffs on car imports, effective April 2. The announcement, coupled with confirmation of...

Economic data added to the market's cautious sentiment on wallstreet. The Conference Board's Consumer Confidence Index fell to 92.9, marking a four-year low.

Asian stock markets delivered a mixed performance today as investors weighed global economic uncertainties against regional market developments. While some markets recorded gains, others faced declines, underscoring the varied investor sentiment across...

Technology sector's performance on US Markets provided a much-needed boost to the Nasdaq, offsetting broader market concerns.

Analysts attributed the downturn in Asian Markets to cautious profit-taking as expectations of continued volatility loomed large.

The specter of a prolonged conflict in the Middle East has sent shockwaves through global energy markets, bolstering oil prices.

Gold's bullish outlook is also supported by the banking crisis and calls for recession, which continues to create uncertainty in the global economy

While oil prices softened slightly on Thursday, they remained within the trading band seen since the start of 2023.

Crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sept. 2 to 442.5 million barrels, their lowest since November 1984, according to data...

SINGAPORE: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery....

U.S. oil prices shot above $10 for the first time in about 14 years due to a surge in prices in Europe, where tight supplies persist.

Shares in the Asia-Pacific were mostly higher on Monday as investors monitored market reaction to Chinese economic data. Mainland China markets were mixed. The Shanghai Composite fell slightly to end the day...

A stronger dollar also weighed on oil prices as a firmer greenback makes oil more expensive for holders of other currencies.

Oil prices typically rise when the dollar falls as a weaker dollar makes crude cheaper for buyers holding other currencies.

A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said.

Oil Prices also found support as the Group of Seven richest economies aims to have a price-capping mechanism on Russian oil exports in place by Dec. 5.

Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

U.S. LNG total base load export capacity increased from less than 1 billion cubic feet per day (Bcf/d) in 2015 to about 10.78 Bcf/d at the end of 2021.

Spot gold firmed 0.1% to $1,718.97 per ounce, by 0041 GMT, while U.S. gold futures dipped 0.1% to $1,716.70.

Brent crude futures for September settlement dropped 48 cents, or 0.5%, to $102.72 a barrel at 0205 GMT, down for a fourth day in declining global oil prices.

Tesla’s second-quarter profit fell 32% from record levels in the first quarter, with the company reporting a $2.26bn net profit on Wednesday.

Oil is generally priced in U.S. dollars, so a stronger greenback makes the commodity more expensive to holders of other currencies. Investors also tend to view the dollar as a safe haven...

The OPEC+ move to bring forward crude oil output hikes is widely seen as unlikely to meet demand as the increased allocation is spread across all members, including Russia which is facing...

Brent crude oil futures were on track to fall for the week, and WTI was on course for a 1.6% weekly gain as U.S. supply remained very tight, prompting talk of fuel...

International crude oil benchmark Brent crude futures were last down 1.68% at $114.34 per barrel. U.S. crude futures dropped 1.87% to $113.10 per barrel.

Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fueling concerns about growth and oil demand in the world’s top consumers.

The partial easing of Shanghai lockdowns lifted some of the downward pressure that was starting to be felt on worries about Chinese oil demand, she said.

Demand for oil will be affected in China - the world’s biggest oil importer - by pandemic-driven mobility restrictions and in Russia by international sanctions.

Proposed EU sanctions, which the bloc’s 27 member states must approve, would ban buying Russian coal and prevent Russian ships from entering EU ports. Britain also urged G7 and NATO nations to...

Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day (BPD) of Russian crude and refined products from April. The supply loss...

Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply...

Oil prices gained on reports of cyberattacks on several Ukrainian state websites added to fears about escalating tensions with Russia.

Chinese stocks rose in line with global markets amid supportive official comments and a perception that the country’s regulatory crackdown cycle had peaked.

Tight supply was seen in U.S. crude oil stockpiles, which unexpectedly fell 4.8 million barrels in the week to Feb. 4 to 410.4 million barrels as overall refined product demand reached an...

Wall Street ended sharply lower on Thursday after U.S. consumer prices data came in hotter than expected and subsequent comments from a Federal Reserve official raised fears the U.S. central bank will...

Sources said an OPEC+ technical panel meeting on Tuesday did not discuss a hike of more than the expected 40,000 barrels of crude oil per day from March.

Google parent Alphabet Inc rose 1.7% on wall street ahead of quarterly results published after the bell. Amazon Inc and Meta Platforms Inc are also on deck later this week.

The risk of geopolitical disruptions to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has sent the premium commanded by barrels for prompt delivery soaring,...

Fed Chair Jerome Powell left open the possibility that global markets policymakers would raise rates in 2022 more than the three quarter-point hikes they had signalled after their December meeting

Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude...

Crude oil prices surged on Wednesday, with Brent climbing to $90 a barrel for the first time in seven years, amid the tensions between Ukraine and Russia, the world’s second-largest oil producer,...

Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions and worries about the conflict in Yemen.

Spot gold was little changed at $1,840.24 per ounce by 0323 GMT. U.S. gold futures were also steady at $1,840.70.

Lower U.S. oil inventories are also providing support, with crude inventories around the NYMEX WTI delivery point at Cushing in Oklahoma at the lowest for the time of year since 2012.

Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already tight supply outlook, while OPEC and its allies continued to struggle to...

Global markets remained mixed this week, with a majority of the investors gaining ground on basis of interest rates rising as mentioned by the Feds, an event that the market has been...

Falling equity markets also impacted crude oil markets as investors have become increasingly worried about central banks raising interest rates this year to combat inflation

Netflix said it plans for a more back-end weighted content slate in the first quarter, with big premieres set for March.

In Asia, China on Thursday cut its one-year loan prime rate by 10 basis points, while its five-year LPR, which influences the pricing of home mortgages, was cut by 5 basis points,...

OPEC officials and analysts say that an oil rally may continue in the next few months, and prices could top $100 a barrel as demand shrugs of the spread of the omicron...

OPEC+ supply constraints and the ongoing increase in global oil demand will likely keep oil prices well supported in the coming months.

Benchmark 10-year U.S. Treasury yields touched a two-year peak, while the dollar hit a six-day high earlier in the session, making gold expensive for overseas buyers.

Some oil producers within the Organization of the Petroleum Exporting Countries (OPEC) are struggling to pump at their allowed capacities, due to underinvestment and outages.

With oil prices above $80 a barrel, there is growing political pressure for the White House to lobby OPEC+ to hit their production quotas.

In earnings across Asian companies, Taiwan’s TSMC reported its fourth-quarter results, posting a record of a 16.4% rise in quarterly profit.

Data from the U.S. Energy Information Administration on Wednesday showed oil demand has taken a hit from omicron, with gasoline stockpiles increasing by 8 million barrels in the week to Jan. 7

Chinese markets rose on Wednesday, tracking gains in other Asia-Pacific markets. U.S. markets also rallied overnight as comments from the Fed chief appeared to reassure investors.

Oil prices climbed on Wednesday, extending big gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should support...

The market is waiting on U.S. oil and product inventory data from the American Petroleum Institute (API), an industry group, due at 2130 GMT on Tuesday, followed by data from the U.S....

The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to Jan. 7, its highest since April 2020, energy services firm Baker Hughes...

Asian markets were spooked earlier in the week and fell sharply after minutes from the Fed’s December meeting showed officials at the central bank ready to aggressively dial back policy help.

Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fueled by supply worries amid escalating unrest in Kazakhstan and outages in Libya.

Global petroleum production increased more slowly than demand, driving higher prices. The slower increase in production was mostly attributable to OPEC+ crude oil production cuts that started in late 2020

Last year, oil prices rose around 50%, spurred by the global economic recovery from the COVID-19 pandemic slump and producer restraint, even as infections reached record highs worldwide.

2021 was a better-than-average year for global markets. Stock market returns, economic growth, policy stimulus and inflation all ran hot while volatility was historically cool.

After rising for several straight days, oil prices stalled on Friday as Covid-19 cases soared to new pandemic highs across the globe.

Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns.

Oil gained more ground on Tuesday with prices trading close to last session’s one-month high on expectations that the Omicron coronavirus variant will have only a limited impact on global demand. Brent...

The U.S. dollar index, which tracks the greenback against a basket of its peers in Asia, was at 96.158 after recently declining from above 96.3.

Gold prices inched higher on Monday, staying above the key $1,800 per-ounce level, as slightly weaker U.S. Treasury yields offset an uptick in the dollar.

Russia believes oil prices are unlikely to change significantly next year with demand recovering to pre-pandemic levels only by the end of 2022, Deputy Prime Minister Alexander Novak said on Friday.

In light of the improving global economic outlook, the Reserve Bank of Australia (RBA) may be positioned to end its quantitative easing (QE) initiatives after its February policy meeting.

Shares in Asia-Pacific were mixed on Friday as some major markets in the region, including Hong Kong and Singapore, closed early for Christmas Eve. Hong Kong’s Hang Seng index advanced 0.13% on...

Oil prices fell on Friday in thin, holiday trade after a three-day rally, with investors trying to gauge the omicron coronavirus variant’s impact on demand.

Shares in Asia-Pacific rose in Thursday trade, as fears over the omicron Covid variant eased in Asia and various economic data held fort for investors.

Stocks on Wall Street indexes closed broadly higher on Wednesday after investors cheered positive economic data and the White House said it was resuming talks on a massive social spending and climate...

Shares in Asia-Pacific were mostly higher in Wednesday trade as investors continued to assess the impact of the omicron Covid variant. Hong Kong’s Hang Seng index gained 0.34% as of its final hour of...

 Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China...