Australia / New Zealand

Asian stock markets fell on Monday, and U.S. equities futures were sharply lower as a result of U.S. President Donald Trump’s tariffs against Canada, Mexico, and China. This sparked fears of a global trade war that could harm the growth in the world. The U.S. Dollar soared to a new record high in offshore trading against the Chinese Yuan, the strongest level since 2003 versus Canada's currency, and the highest since 2022 against Mexico's Peso. Japan's Nikkei average fell as much as 2,3% in the opening minutes of trading. Australia's benchmark, which is often used as a proxy to Chinese...

European and Asian shares dropped on Monday as financiers weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence design to rival OpenAI's ChatGPT. Meanwhile, the dollar dipped as broad U.S. import tariffs remained on the back burner, even as U.S. President Donald Trump threatened Colombia with levies to punish the country for earlier contradicting flights carrying deported migrants. China's DeepSeek presented a totally free AI assistant that it says uses lower-cost chips and less information, apparently challenging an extensive bet in markets that AI will drive need along a. supply chain from chipmakers to information...

World stocks increased on Tuesday and the dollar got after plunging the previous day as Donald Trump's return to the White House brought mixed messaging on tariffs and highlighted markets' jerking about trade policy. The Canadian dollar and Mexican peso bore the force of the market swings after Trump said he was mulling imposing 25%. tariffs on the nearby countries as soon as Feb. 1. Still, some investors were eased that Trump did not. reveal a more comprehensive sweep of tariffs at the start of. his second presidency, and that supported a pull-back in the. 10-year Treasury bond yield. Markets...

World stocks increased on Tuesday and the dollar gained after plunging the previous day as Donald Trump's go back to the White House brought blended messaging on tariffs and highlighted markets' twitching about trade policy. The Canadian dollar and Mexican peso bore the impact of the market swings on Tuesday and Monday, after Trump said he was mulling imposing 25% tariffs on the nearby countries as soon as Feb. 1. Still, some financiers were eased that Trump did not reveal a more detailed sweep of tariffs at the start of his 2nd presidency, which supported a pull-back in the 10-year...

The dollar rallied on Tuesday after plunging the previous day and stocks increased as Donald Trump's return to the White House brought blended messaging on tariffs and highlighted markets' twitchiness about trade policy. The Canadian dollar and Mexican peso bore the force of the market swings on Tuesday and Monday, after Trump said he was mulling imposing 25% tariffs on the neighbouring countries as soon as Feb. 1. That sent the Mexican peso sliding well over 1% versus the U.S. dollar while the Canadian dollar tumbled to a five-year low of $0.689, although the selloff later moderated rather . Around...

The dollar rebounded greatly on Tuesday after plunging hours earlier as Donald Trump's very first day back in the U.S. presidency brought mixed messaging on tariffs and highlighted investors' level of sensitivity to headlines about trade policy. U.S. stock futures rose after bouncing around on Monday as traders absorbed Trump's declarations on economic policy and trade levies, while European equities eked out little gains. The Mexican peso and Canadian dollar toppled on Monday night - reversing sharp gains from earlier in the day - after Trump stated he was mulling enforcing 25% tariffs on the neighbouring countries as quickly as...

International shares and U.S. Treasuries were volatile on Tuesday, reversing a quick relief rally from early in the session in the first couple of hours of Donald Trump's brand-new presidency after he revealed prepare for trade tariffs on neighbouring countries. U.S. markets were closed for a holiday on Monday, so the first reactions to Trump's inauguration were felt throughout Asian trade on Tuesday. Trump said that his administration is mulling imposing 25%. tariffs on Mexico and Canada as quickly as Feb. 1 - a relocation which. doused financiers' hopes of a hold-up after they had been cheering. the quick mention...

European shares held constant on Tuesday after inflation data matched expectations, while Asian shares increased as some investors hoped U.S. Presidentelect Donald Trump would adopt less aggressive tariffs than formerly believed. Europe's continent-wide STOXX 600 index was last up 0.1%, after rising 0.95% on Monday following a news report that stated Trump may think about narrower tariffs, which triggered shares of automakers to rally. Germany's DAX was up 0.2% while Britain's FTSE 100 fell 0.2%. MSCI's broadest index of Asia-Pacific shares outside Japan climbed up 0.2%. Japan's Nikkei rose 2%,. increased by a rally in technology stocks. China's CSI 300...

Asia's shares followed Wall Street's favorable lead on Tuesday as some investors hoped U.S. Presidentelect Donald Trump would embrace less aggressive tariffs than formerly thought when he takes workplace. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.03%, while Japan's Nikkei jumped 2%, boosted by a rally in innovation stocks. Stocks in Europe, nevertheless, looked set for an unfavorable start after Monday's gain. EUROSTOXX 50 futures fell 0.5%,. while FTSE futures pulled away 0.47%. In the U.S., S&P 500 futures slipped 0.07%. Nasdaq. futures lost 0.16% after the underlying indexes increased on. Monday to more than a one-week...

Asian stocks rose on Friday, intending to shrug off a lacklustre start to 2025, while the dollar was perched at a twoyear high against a basket of currencies as financiers fret about U.S. rates remaining higher for longer. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.33% higher but on course for a nearly 1%. drop for the week. The index increased almost 8% in 2024. Japan. markets are closed for the week. China stocks were steady on Friday after plunging on. Thursday highlighting growing stress over China's economy and. a possible looming trade war when Donald Trump begins...

Global stocks succumbed to a. third straight session on Monday and Wall Street tumbled as the. current bout of elevated U.S. Treasury yields triggered earnings. taking at the end of a strong year for equities. On Wall Street, each of the 3 significant U.S. indexes were. down more than 1% in broad selling, with all 11 of the major S&P. 500 sectors in negative territory in early trading. The benchmark 10-year U.S. Treasury yield's recent push. above the 4.5% mark after the Federal Reserve signaled it would. take a slower rate cut course on Dec. 18 has actually fueled concerns...

Asian stocks wobbled on Friday while the dollar was constant, keeping the yen rooted near fivemonth lows in thin yearend trading as financiers looked ahead to 2025, when the Federal Reserve is anticipated to be measured in its rates of interest cuts. The Bank of Japan on the other hand might raise rates in the near-term, with the summary of opinions at the bank's December meeting released on Friday keeping alive the chance of a January walking. The BOJ had actually picked to stand pat in its December conference. That has left the yen loitering around levels last seen in...

China's iron ore imports and seaborne coal arrivals are expected to be soft in the first quarter, with January arrivals falling to multi-month lows. The price trend for two of the most important bulk commodities is divergent. Iron ore has held steady, while thermal coal has fallen to its lowest level in almost four years. According to Kpler, commodity analysts, China is the largest iron ore purchaser in the world. It will import 99.5 millions metric tons of this key raw material for steel in January. This would be a drop from the official December customs figure, which was 112.5...

Whitehaven Coal, Australia's largest coal producer, posted a 92.7% increase in production for the second quarter on Wednesday. This was largely due to strong contributions from its New South Wales mines as well as its newly acquired Queensland mines. The New South Wales operations of the miner, which includes Maules Creek and Narrabri, saw a 1.3% increase in their managed run-of mine (ROM) production. Whitehaven, who purchased the Blackwater and Daunia coal mines from BHP Group in December for $4.1 billion, produced a total of 4.6 millions metric tons of ROM coal for the three-month period ended December. This was...

China, the world's leading coal importer, bought less Russian coal in 2024 while increasing purchases from other key providers, led by Australia, throughout a. record year for coal imports, customs data revealed on Monday. Purchases by China in 2015 reached an all-time high of. 547.2 million tons, or a record 41% of internationally traded coal,. according to LSEG research, providing China increased rates power. in international markets. Chinese need is helping assistance rates at levels that,. according to the International Energy Firm (IEA), are 50%. higher than the average during the 2017-19 period. In 2015, imports from leading supplier Indonesia...

Chile, the world's No. 1 copper manufacturer, will improve its output of the red metal to 5.54 million metric loads in 2034, representing a 5.6% increase from 2023, staterun copper commission Cochilco stated on Wednesday. The Latin American nation produced 23.6% of the world's. copper in 2024, Cochilco said. That amount is anticipated to. boost, with Chile's hold over the industry representing a. 27.3% share by 2034, it added. Cochilco stated it expected Chile to reach a peak production. level in 2027, mining 6.07 million lots of copper that year. From there, annual output is anticipated to change at lower....

China's coal imports from Australia rose to their greatest in more than 4 years in November, custom-mades information revealed on Friday, as deliveries continue to recuperate from an unofficial ban on Australian coal that was lifted in January 2023. Australian coal imports were 9.3 million metric heaps in November, according to the General Administration of Customs, the highest because April 2020 and up 47% from the exact same month of 2023. Year to date, at 74.15 million tons, 2024 coal imports from Australia have actually currently exceeded last year's 52.47 million lots and are on track to top the 77.51...

China's. seaborne imports of thermal coal are on track to surge to an. alltime high in November as the world's greatest purchaser of the. power station fuel increases electrical power generation. But the strong cravings for imports isn't driving up the. prices of seaborne grades, which are being kept low by falling. rates for China's domestic supplies. Imports of thermal coal are estimated at 37.5 million metric. loads for November, up from 32.12 million in October and the. highest in data compiled by commodity analysts Kpler going back. to 2017. The spike in seaborne thermal coal imports comes ahead of....

BHP Group is likely to expand strategies next week to invest at least $7 billion over the coming years to recuperate more metal from the world's. most significant copper mine, Escondida in Chile, financiers and analysts. stated on Thursday. The world's greatest noted miner will be hosting analysts. and financiers on a roadshow of its Escondida and Spence copper. operations from Nov. 17-20. BHP did not react to an ask for. remark about the discussion. Copper is key to BHP's development plans as a necessary metal. for the global shift to cleaner energy, but its yearly. production is set to...

China's iron ore imports in October climbed up by 4.48% from the prior year, main information showed on Thursday, as steelmakers' margins improved thanks to Beijing's huge financial stimulus bundle spurring more buying. China, the world's largest iron ore customer, generated 103.84 million metric lots of the steelmaking ingredient last month, according to data from the General Administration of Customs. The figure takes the number of months so far this year when volumes exceeded 100 million tons to 8. It compares to 104.13 million loads in September and 99.39 million tons in October 2023. China announced stimulus procedures in late...

UK-based Anglo American stated on Monday that it will sell its minority stake in a joint venture that owns a 70%. interest in the Jellinbah East and Lake Vermont steelmaking coal. mines in Australia, for A$ 1.6 billion (about $1.1 billion). The business, which owns 33.3% of Jellinbah Group - the. operator of the Queensland-based mines - will offer the stake to. Zashvin Pty Ltd, an Australian electric power generation. center operator that already owns a one-third interest in the. mines. Japanese conglomerate Marubeni owns the remaining. stake. Our process to offer the rest of our steelmaking coal. organization -...

Botswana's new president Duma Boko stated on Friday he wanted to conclude talks for a new sales pact with worldwide diamonds mining giant De Beers as quickly as possible. The relationship with De Beers might have been harmed by the way the settlements were dealt with, President Boko stated in a. telecasted declaration from Gaborone, Botswana's capital. The. initially thing that needs to be done is to engage the other party. De Beers, a system of Anglo American, in 2015 concurred. a new diamond sales pact, which will see the government's share. of diamonds from the Debswana joint venture gradually...

China's coal imports from Russia sank 86% in September from the same month a year previously, custom-mades data revealed on Sunday, as sanctions on Moscow continued to weigh. Russia's coal shipments to China last month were 1.3 million metric loads, according to the General Administration of Customs. That was likewise below 8.7 million loads in August. Russian Prime Minister Mikhail Mishustin told Chinese Premier Li Qiang on Wednesday that the bilateral energy collaboration was detailed and had actually acquired a tactical character, discussing coal in addition to oil, gas and nuclear. But Russian companies have faced even greater obstacles to...

China's iron ore imports in September rose 2.7% from August and climbed 2.9% from the year before, customs data revealed on Monday, as reservations were motivated by lower prices and wish for improved demand throughout the peak building season. China, the world's largest iron ore consumer, brought in 104.13 million metric tons of the key steelmaking component last month, according to data from the General Administration of Customs. That beat experts' forecasts of in between 98 million and 103 million loads ahead of the information's release. The volume last month compared with 101.39 million lots in August and 101.18 million...