Global Markets

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...

Shares in Asia-Pacific rose on Tuesday as investors reassessed the situation surrounding the omicron Covid variant. Japanese stocks led gains regionally, with the Nikkei 225 in Japan rising 2.08% on the day to 28,517.59...

Oil prices rose on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally, prompting countries to consider more restrictions potentially denting fuel demand. Brent crude futures...

The yield on the three-year Treasury note was down 1.9 basis points at 0.9069% in afternoon wall street trading, while yields on longer-term government debt rose throughout the day.

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures falling 3.25% to $71.13 per barrel. U.S. crude futures shed 3.71% to $68.23 per barrel.

The oil and gas rig count, an early indicator of future output, rose by three to 579 in the week to Dec. 17, its highest since April 2020, energy services firm Baker...

All eyes across global markets were on the Fed last week as the market awaited the latest policy decision and outlook – a decision that drew particular attention given the inflation environment.

Asia-Pacific markets traded mostly lower on Friday, following overnight losses on Wall Street, as investors assessed monetary policy decisions from two key central banks. Japan’s Nikkei 225 fell 1.79% in Asia to...

Benchmark Brent crude oil futures and WTI both gained around 2% on Thursday, buoyed by record U.S. implied demand.

U.S. crude oil inventories sank by 4.6 million barrels in the week to Dec. 10, data from the U.S. Energy Information Administration showed.

Wall Street ended sharply higher on Wednesday after the Federal Reserve said it would end its pandemic-era bond purchases in March as it exits from policies enacted at the start of the...

South Korea’s Kospi closed near flat to 2,989.39 during Asia's trading hours, while in Australia, the S&P/ASX 200 dipped 0.7% to 7,327.10.

American Petroleum Institute data showed U.S. crude oil stocks fell by 815,000 barrels in the week ended Dec. 10, according to market sources

Chinese stocks declined on Tuesday, tracking other losses in Asia-Pacific markets, as the omicron variant returned to focus. Meanwhile, bitcoin prices continued to tumble after some losses overnight.

Still, the Organization of the Petroleum Exporting Countries raised its world oil demand forecast for the first quarter of 2022 and stuck to its timeline for a return to pre-pandemic levels of oil use.

Global markets were mixed this week, with downs at the beginning of the week with equity markets later rebounding, after two weeks of losses.

Elon Musk, chief executive of Tesla Inc, tweeted that he is "thinking of quitting my jobs & becoming an influencer full-time." The electric-car maker's stock advanced 1.3% during trading on wall street.

Asia-Pacific markets declined on Friday as investors assess risks associated with the new omicron Covid variant and look ahead to key inflation data in the U.S. Japan’s Nikkei 225 extended losses from...

A stronger dollar, rising ahead of U.S. inflation data due later on Friday, also weighed on fuel prices. Oil typically falls when the dollar firms as it makes oil more expensive for...

In consumer staples on wall street, heavyweight electric car maker Tesla Inc was the biggest percentage decliner, falling 6%.

Oil prices extended gains on Thursday on confidence that the omicron coronavirus variant would not dent global growth, even as some governments stepped up curbs to stop its rapid spread. U.S. West Texas...

Wall Street closed slightly higher on Wednesday with the three major indexes managing their third straight day of gains after test data showed the COVID-19 vaccine from Pfizer and BioNTech offered some...

Mainland Chinese markets jumped in Asia in afternoon trade on Wednesday. Troubled Chinese real estate developers are back in the spotlight, while Chinese social media giant Weibo had a disappointing market debut...

Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of the omicron coronavirus variant on global fuel demand and the effectiveness of...

Investors on wall street were also reassured by positive news about the Omicron variant of COVID-19, which had helped send them fleeing from risky bets last week.

Stocks across Asia - Pacific markets jumped on Tuesday, bouncing back from Monday losses on optimism that the omicron variant risk might not be as bad as feared.

A delay in the return of the Iranian oil supply also supported prices. Indirect U.S.-Iran nuclear talks have hit roadblocks. Germany urged Iran on Monday to present realistic proposals in talks over...

Australia’s S&P/ASX 200 closed near the flatline to 7,245.10, also recovering from slight losses earlier. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.83%.

On Sunday, Saudi Arabia raised January official selling prices for all crude oil grades sold to Asia and the United States by up to 80 cents from the previous month.

Investors across global markets were set for lots of reactions during the week. On top of the list was the Omicron variant of the coronavirus and the massive lockdowns which various countries...

Wall Street's major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve's withdrawal of support all...

Asia-Pacific stocks were mixed on Friday, following days of turbulent trading this week as investors continue to monitor the situation surrounding the omicron Covid variant. Chinese tech stocks in Hong Kong plunged...

Stocks in Asia-Pacific struggled for direction on Thursday, as concerns over the economic impact of the omicron Covid variant continue to weigh on investor sentiment. Hong Kong’s Hang Seng index rose 0.55% to close...

Oil prices rose on Thursday, recouping the previous day's losses, as investors adjusted positions ahead of an OPEC+ decision oversupply policy, but gains were capped amid fears the Omicron coronavirus variant will...

Major Asia-Pacific markets fell in Tuesday trade as investors in the region continued to track developments surrounding the omicron variant. Major markets in the region fell after Moderna CEO Stephane Bancel told the Financial...

Oil prices gave up gains on Tuesday, falling more than 2% along with broader financial markets after a media report cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus...

Major markets in Asia-Pacific largely fell on Monday as investors continue to monitor developments surrounding the recently discovered omicron Covid variant. Hong Kong’s Hang Seng index slipped 0.95% to close at 23,852.24. Hong Kong-listed shares...

 Oil prices rebounded on Monday as investors looked for bargains after Friday's slump and on speculation that OPEC+ may pause an output increase in response to the spread of Omicron, but the...

Chinese markets weakened in line with other global markets, with the CSI index easing 0.6% and the Shanghai Composite Index ending flat amid U.S.-China tensions and rising economic pressures that raised expectations...

Shares in Asia-Pacific dropped on Friday, with stocks in Hong Kong and Japan leading losses regionally as fears of a new Covid variant weighed on investor sentiment. World Health Organization officials said...

Oil prices slid more than 2% on Friday on concerns that a global supply surplus could swell in the first quarter following a U.S.-led coordinated release of crude reserves among major consumers...

Shares in Asia-Pacific were mixed on Thursday as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi dipped 0.47% to close at 2,980.27 after the Bank of Korea raised its policy rate by...

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed...

Nvidia rallied 2.9% on wall street as it bounced back from a selloff in Big Tech stocks early this week. The graphics chipmaker is now up about 150% in 2021.

Shares in Asia-Pacific were mixed on Wednesday, with Japanese stocks leading losses regionally. The Nikkei 225 in Japan fell 1.58% to close at 29,302.66 while the Topix index declined 1.16% to 2,019.12. Markets in...

Oil prices fell on Wednesday as the U.S.-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supply, while investors took profits from the previous day’s rally ahead of...

The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names.

Shares in Asia-Pacific were mixed on Tuesday as investors watched for market reaction to U.S. President Joe Biden picking Jerome Powell for a second term as Federal Reserve chair. Hong Kong’s Hang Seng index declined more than 1% as of...

Oil prices dropped on Tuesday, reversing gains in the previous session, on growing talk the United States, Japan and India will release crude reserves to tame prices despite the threat of demand...

In extended trade, Zoom Video Communications jumped 6% on the Nasdaq after the video-conferencing company posted quarterly revenue that beat expectations.

Shares in Asia-Pacific were mixed on Monday as China kept its benchmark lending rate unchanged. The Hang Seng index in Hong Kong dipped 0.39%, closing at 24,951.34. Hong Kong-listed shares of JD.com and NetEase gained 1.93% and 3.02%,...

Japanese Prime Minister Fumio Kishida signalled on Saturday he was ready to help counter soaring oil prices following a request from the United States to release oil from its emergency stockpile.

Global markets are up roughly 25% so far this year, and its path to get here has been nearly stumble-free, with just one 5% dip along the way. 

Chipmaker Nvidia Corp rose 4.1% on the Nasdaq, to its third straight closing high, and the Philadelphia semiconductor index, up 0.3%, hit its third record closing high in four.

Asian markets were mainly lower on Friday as Hong Kong shares slumped, extending losses from the previous session as some of China’s biggest tech names remained under pressure. The benchmark Hang Seng index declined...

Oil prices rose on Friday, after wild swings the day before, on investor concerns that potential coordinated releases by the world's major economies of their official crude reserves to try to lower...

 Asia-Pacific markets traded mixed on Thursday, following overnight losses on Wall Street, as shares in Japan, Hong Kong and the Chinese mainland struggled for gains. Hong Kong’s Hang Seng Index fell 1.29% to 25,319.72 while...

Oil prices fell on Thursday, adding to an overnight plunge as China said it was moving to release reserves following a Reuters report that the United States was asking big crude consumers...

Declines across Asia-Pacific stocks were seen by Wednesday’s close, with data showing Japan’s exports growth hit an eight-month low. Markets in the U.S., however, were lifted on the back of stronger-than-expected retail...

Oil prices dropped on Wednesday after U.S. gasoline stocks fell more than expected last week, which could heighten pressure on the Biden administration to release oil from emergency reserves to cap soaring...

The positive data helped wall street investors look past comments from St. Louis Federal Reserve President James Bullard, who called for a more hawkish stance by the central bank in response to...

Shares in Asia-Pacific were mixed on Tuesday as investors reacted to a virtual meeting between U.S. President Joe Biden and Chinese President Xi Jinping. Hong Kong’s Hang Seng index closed 1.27% higher at 25,713.78. Shares of gaming hardware firm Razer in...

Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in Europe. Brent...

Wall Street indices closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks,

Shares in Asia-Pacific were mixed on Monday as investors reacted to the latest Chinese economic data for October. Mainland Chinese stocks closed lower, with the Shanghai composite slipping 0.16% to 3,533.30 while the Shenzhen component dipped...

Crude oil prices skidded on Monday, under pressure from expectations of higher supplies and weakening demand. Brent crude futures fell 58 cents, or 0.7%, to $81.59 a barrel, as of 0151 GMT.  U.S. West Texas...

The week ended mixed for global markets backed by inflation concerns and the risks of default from Chinese real estate companies led by China Evergrande and Kaisa Holdings Limited.

Shares in Asia-Pacific advanced on Friday as technology shares mostly rose, following overnight gains for their counterparts on Wall Street. Hong Kong-listed shares of JD.com soared nearly 5% following the Singles Day online shopping...

Oil prices slipped on Friday, wiping out gains from the previous session, as the dollar continued to rise on bets the U.S. central bank will bring forward plans to raise rates to...

Tesla Inc extended its decline, shedding 0.4% during trading on wall street following news that CEO Elon Musk sold about $5 billion of the stock in the company over the last few...

Asia-Pacific stocks were mixed on Thursday after data released overnight showed U.S. consumer inflation spiked in October. Shares of China Evergrande Group listed in Hong Kong surged 6.75%, following a report from Chinese...

 Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs amid a broader surge...

All three major wall street indices fell, extending their losses throughout the trading day and adding to Tuesday’s sell-off which snapped the S&P 500’s and Nasdaq’s eight-session runs of all-time closing highs.

 Shares in Asia-Pacific were mixed on Wednesday as investors reacted to the release of Chinese inflation data for October. Hong Kong’s Hang Seng index gained 0.74% to close at 24,996.14. Hang Seng Index Performance...

Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell last week just as near term travel demand picked up with pandemic...