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Crude Oil

Crude Oil

Wall St futures dollar drops amid US tariff turmoil

Wall Street futures, and the dollar, fell in Asia on Monday as confusion over U.S. Tariffs revived "sell America", while the tech-diva Nvidia's results this week will test the confidence of the AI sector. Gold prices rose and oil prices eased as the world prepares for another round of negotiations between the United States and Iran, which will take place in Geneva on Friday. The risk of U.S. strikes remains if no deal is reached. After the U.S. Supreme Court ruled against President Donald Trump's emergency duties, uncertainty loomed. He announced a new rate of 10% on the rest, but...

Crude Oil

Dollar slips as Asia shares are hesitant

Investors waited on Monday for clarity about U.S. Tariffs. Meanwhile, the tech-diva Nvidia's results this week will test the confidence of the AI industry. The oil prices fell ahead of the next round of "talks" between the United States of America and Iran, which are scheduled to take place in Geneva on the Thursday. If a deal cannot be reached, the United States could launch military strikes. After the U.S. Supreme Court ruled against President Donald Trump's emergency duties, confusion grew. He announced a new 10% tariff on the rest, but then raised it to 15%. Rodrigo Catril is a...

Crude Oil

Oil prices rise as US-Iran tensions increase global shares

Global shares rose on Friday, despite heightened tensions about a possible conflict between the United States &?Iran which has helped push oil prices to their highest levels in six months. The?pan European?STOXX 600 Index rose by 0.5%, and is on course for its fourth week of gains. The S&P 500 futures in the U.S. rose 0.4%. Investors will be battling a mix of geopolitical risks, economic signals, and political flashpoints as the session concludes a volatile global asset week. Mabrouk Chetouane is the head of global strategy at Natixis Investment Managers. He said: "Clearly equity investors have adapted to the...

Crude Oil

Global stock markets fall with earnings and US/Iran tensions at the forefront

U.S. Futures and European Stocks fell on Thursday, as investors focused on earnings of companies. Meanwhile, tensions between Iran and the United States kept the markets on edge and supported gold and oil prices. The?STOXX 600 Index in Europe fell 0.7% after disappointing earnings reports from planemaker 'Airbus' and miner Rio Tinto. The index reached a new record on the previous day, as investors were able to shake off concerns about artificial intelligence disrupting businesses with a rally of banking and defence shares. The volatility caused by fears of disruptions from A.I. continued to drive the price declines in the...

Crude Oil

As AI fears fade, tensions between the US and Iran simmer but global stocks remain flat.

European stocks fell from a record-high on Thursday, and U.S. Futures?flatlined? as fears of AI disruption abated. However, tensions between Iran and the United States kept markets 'on edge' and supported oil and gold prices. The U.S. dollar found its footing overnight after the minutes of the Federal Reserve meeting revealed that policymakers are not in a hurry to reduce rates. The STOXX 600 Index in Europe fell 0.24% after Airbus and Rio Tinto reported their earnings. The index reached a new record on the previous day, as investors were able to shake off concerns about AI disrupting businesses with...

Crude Oil

Asia shares boosted by technology as Iran and rate uncertainty dominate markets

Asian stocks rose Thursday, supported?by gains in technology giants from Wall Street. Meanwhile, lingering U.S. Iran tensions supported oil prices and gold was underpinned by safe-haven flows. The dollar was a firm currency after minutes of the Federal Reserve's last meeting showed that policymakers weren't in a hurry to lower rates. The trading was thin in Asia, with Hong Kong, China, and Taiwan closed to celebrate the Lunar New Year. However, MSCI's broadest Asia-Pacific share index outside Japan gained 0.4%, and Tokyo's Nikkei gained 0.70%. The Kospi index of South Korea has risen by more than 3%, reaching a new...

Crude Oil

Asia markets cautious in advance of US-Iran Nuclear Talks

The Asian financial markets were cautious on Tuesday, with a thinned-out trading session. Oil prices were mixed in anticipation of the nuclear negotiations between the U.S.A. and Iran that are due to start later in the day in Geneva. Tuesday, the markets in China, Hong Kong Singapore, Taiwan, South Korea and South Korea will be closed for Lunar New Year?holidays. U.S. market were closed on Monday due to 'Presidents' Day'. The Nikkei in Japan was down by 0.9%, while the S&P/ASX200 in Australia was up by 0.24%. The yield on the 10-year Treasury fell by 2.5 basis points, to 4.029%,...

Crude Oil

Japan data disappoints, but shares edge up on thinly traded holiday markets

The world's shares were stable on Monday, after Friday's decline - triggered by AI concerns - as the Lunar New Year holidays in Asia and Presidents Day made for thin trading. China, South Korea and Taiwan were all closed markets. MSCI's broadest world share index rose by 0.1% as currencies and bonds stabilized. Stock futures continue to be traded, but the U.S. bond and stock markets will not open. The European stock market rose on the back of a recovery in the banking sector. This sector was severely hit by AI-related concerns last week, when they spread to the financials....

Crude Oil

Japan data and holidays dampen shares in Asia

The Asian share market quietly consolidated recent gains on Monday, as the Lunar?Year holiday led to thin trading. Meanwhile, dismal economic reports from Japan drained some of the air from that booming stock market. China, South Korea and?Taiwan are among the markets closed. This leaves?currencies, bonds, and precious metals becalmed. Japan's economy only grew by a meager 0.2% annually in the quarter ending December, far less than the 1.6% forecast. Government spending was a drag on the activity. The figures are disappointing and highlight the difficult task that Prime Minister Takaichi faces. They should encourage her to push for more...

Crude Oil

The dollar gained, but US stocks were little changed following the US jobs data.

Dollar and Treasury yields increased, but U.S. stock prices lost their early gains, trading nearly flat, on Wednesday, after data showed that the U.S. created "far more jobs" than expected in the month of January. This could make it harder for the Federal Reserve's to continue cutting rates. Labor Department data shows that 130,000 new workers were added to the nonfarm payrolls during January. This is well above the forecast of 70,000. November and December have been revised downwards. The unemployment rate fell to 4.3% in January from 4.4%, which was below the forecast of 4.4%. In an email, Eric...

Crude Oil

Stocks and dollar rise after US jobs data is beaten; AI concerns simmer beneath the surface

U.S. stocks futures and the dollar rose on Wednesday after data showed that the U.S. created more jobs in January than expected, making it harder for the Federal Reserve to 'keep cutting rates' this year. Labor Department data revealed that 130,000 new workers were added to the non-farm payrolls during January. This was well above expectations of a rise in 70,000. November and December have been revised downwards a little. The unemployment rate fell to 4.3% in January from 4.4%, which was below expectations for a reading 4.4%. Lindsay James, an investment strategist with Quilter, stated that this will likely...

Crude Oil

Stocks pause to catch their breath as the yen surges higher

On Wednesday, bond prices rose and stock market gains slowed after U.S. retail figures that were weaker than expected. Meanwhile, the yen's rally has continued and could be signaling a change in investor sentiment since Japan's election. The dollar has been under pressure due to the upcoming release of U.S. employment figures. There is also the possibility that recent numbers will be revised downward. The holiday in Japan slowed trade in Asia, but the third consecutive session of gains in the yen saw it rise to 153.3 per $1. This prompted traders to wonder if it was riding high due...

Environment

Pollution

China will see the most extreme temperatures on record in 2025

The Meteorological Department of China announced on Thursday that the average temperature in China for the year was 10.9 degrees Celsius (51,6 degrees Fahrenheit). This is the highest ever recorded high-temperature day. At a press event, the administration announced its climate bulletin for 2025. The World?Meteorological Organisation stated in January that last year was?amongst the three warmest years on record. The administration stated that China's annual average temperature has risen in recent decades. 2025 will be the hottest year since 1961 when the first nationwide records began. The intensity of heavy rainfall and extreme heat has increased, increasing the risk...

Environment

Hong Kong scientists launch AI-based model to better predict extreme climate

Hong Kong scientists have developed a system that uses artificial intelligence to forecast thunderstorms and heavy downpours four hours in advance, as opposed to the current range of 20 minutes to 2 hours. The system will allow emergency services and governments to respond more efficiently to the increasingly extreme weather conditions linked to climate changes, said the team of Hong Kong University of Science and Technology on Wednesday. Su Hui, professor and chair of the civil and environmental engineering department at the University, led the project. Su said at a press conference that the system was designed to predict heavy...

Environment

Chinese, South Korean companies sign nine cooperation agreements

Chinese and South Korean firms signed nine agreements of cooperation,?authorities announced on Monday. This was during a visit to Beijing by South Korean 'President Xi Jinping with Chinese President Lee Jae Myung, their second encounter in only two months. Lee's first visit to China is his first since taking office in June. It comes at a time of escalating global tensions following the North Korean launch of ballistic missiles, and the U.S. strike on Venezuela. Analysts say that the unusually short time between Xi's and Lee's meeting shows 'China's keen desire to boost economic collaboration and tourism, as its relationship...

Mining

Mineral Resources

Mineral Resources

The ROI-Hedging strategy has changed. Portfolios need a new playbook: Taosha Wang

Hedging portfolios has been based on the same rules since decades. However, as technology, geopolitics, and trading have changed rapidly, it is time to update the rules. Old playbooks assumed stable relationships. Risk-off meant that bonds rallied. "Safe havens" cushioned withdrawals. Diversification could be left to autopilot. This assumption has proven to be unreliable. Portfolios that are resilient will be required as a result of rising leverage, shifting global alliances and technological disruption. To capture long-term capital preservation and growth, a more deliberate approach is needed. High-grade bonds are one of the most popular hedges. U.S. government debt and investment...

Mineral Resources

Han's CNC jumps almost 15%; Muyuan, the world's largest pig producer, is flat at its Hong Kong debut

Muyuan Foods shares closed slightly higher on Friday in Hong Kong, following the world's largest pig breeder. raised HK$10.7 Billion ($1.4 Billion) in a share sale This is the largest city-wide event so far in this year. The shares of the firm opened at HK$39 per share, matching their initial offer, and ended 3.9% higher, at HK$40.52, after trading between HK$38.98 and HK$41.72, with 40.59 millions shares worth HK$1.63billion changing hands. The benchmark Hang Seng Index ended 1.2% lower. This is the biggest share sale in Hong Kong in recent memory, surpassing Zijin Gold International $3.5 billion in September. Dickie...

Mineral Resources

Tianqi Lithium plans to sell SQM shares and raise $750 Million in equity-linked financing

Tianqi Lithium Corp announced on Wednesday that it would raise approximately HK$5,86 billion ($750m)?via a convertible bond and share placement, and hoped to sell a?small stake?in Chilean'miner SQM?to bolster liquidity. The Chinese lithium producer listed on the Shenzhen-Hong Kong stock exchange announced that it had struck a deal with the Hong Kong Stock Exchange to issue 65,000,000 new H shares for HK$45.05 per share, or a discount equivalent to 9% of Tuesday's closing HK$49.50. This is worth approximately HK$2.9billion. Tianqi has also entered into a'subscription agreement' for 2.6 billion yuan ($375m) in zero-coupon convertible bonds due February 9, 2027. These...

Mineral Resources

Chinese buyers and seller expect gold rush will continue despite record price

Gold prices have reached new highs in the past week. Customers are rushing into shops that sell the precious metal. Some even bet the price will rise further. Gold?seller,?Zhao Jinhao, said Tuesday in a Shanghai jewellery mall that gold awareness has been a long-term and upward trend. It has risen steadily from just under 20 yuan in the 1980s, to over 1,000 yuan today. Gold prices reached $5,100 an ounce on monday after a surge of 62% in 2025. Central bank purchases to reduce their reliance on the U.S. Dollar and strong demand from buyers looking for a safe haven...

Mineral Resources

China's net gold imports through Hong Kong in December fell by about 24% compared to November

Hong Kong Census and Statistics Department data released on Tuesday showed that China's net imports of gold via Hong Kong fell by 24% in December compared to November. Why is it important? China's gold purchasing can have a significant impact on global gold markets. Hong Kong's data might not be a complete view of Chinese gold purchases as it is also imported through Shanghai and Beijing. By the Numbers The net imports from Hong Kong to China in December were 12.205 metric tons, down from 16.16 tons for November. China's total imports of gold via Hong Kong fell 7.3% to...

Mineral Resources

China's Zijin Gold will buy Canadian miner Allied Gold from Canada for $4 billion

The companies announced that Zijin Gold would buy Canada's Allied Gold at a price of?about C$5.5billion ($4.02billion) in cash. This is as the Chinese miner accelerated its global expansion amid record-high yellow metal prices. Gold prices have risen, boosting margins and cash flow for miners. This has led to consolidation as large producers look to boost production through acquisitions instead of developing new mines. Canada and China have also agreed to a deal to improve their relationship after reaching a preliminary agreement this month to reduce tariffs on canola and electric vehicles, while vowing to lower trade barriers and enhance...

Mineral Resources

Silver trading, from shares and coins to bars and stocks

Investors rushed into safe-haven assets amid the geopolitical turmoil, and also on expectations of U.S. rate cuts. Metal prices rose 147% in 2017 due to a combination of?strong demand for investment, challenges with scaling up the refining process, and a persistent shortage on the market. How does silver trade work? Over the Counter London is the largest marketplace for silver and gold, and it's where brokers and banks handle all of the buy and sell orders. The trading is done over the counter between financial institutions. An investor must be in a relationship to gain access to this market. Bars...

Mineral Resources

ASIA GOLD - Record rally stops retail purchases in India, China demand stable

The gold demand in India was muted as prices hit record highs, reducing the appeal of retail purchases. In China, bullion trades at a premium as demand remains steady before the Lunar New Year. Indian dealers offer a discount This week, official domestic prices will be up to $12 an ounce, including 6% import and 3% sales taxes, compared to the previous week's up to $6. On Friday, domestic gold prices were trading at around 142.800 rupees per 10 grams, which is not far off the record high reached earlier this week of 143.590 rupees. Chirag Thakkar is the CEO...

Mineral Resources

Chow Tai Fook, the world's largest jeweller from China, opens in Bangkok and plans to expand globally

Chow Tai Fook Jewellery Group is China's largest jewellery retailer with thousands of shops across mainland China and Hong Kong. The group has begun to look further afield in search of new growth. It started?in Southeast Asia, with a brand-new store in Thailand. The company opened its flagship store at Bangkok's Siam Paragon, a luxury shopping and lifestyle center in Bangkok. This move is part a 'wave' of Chinese and Hong Kong brands moving abroad to offset slowing domestic demand and rising market saturation in the world’s second-largest economic powerhouse. Sonia Cheng said that the company's expansion abroad "sees strong...

Mineral Resources

BlueScope’s top investor rejects $9 Billion M&A Offer for Firm, Calls it Undervalued

AustralianSuper, BlueScope Steel's largest shareholder, said that a $9 billion takeover bid from SGH & Steel Dynamics in the U.S. undervalued the company and it supported its decision to reject this offer. After announcing its increase from 12.5% on Thursday, the pension fund now holds 13.52% in BlueScope. BlueScope, which rejected the SGH Steel Dynamics offer of?A$30 a share on Wednesday, said that it was "significantly undervalued" and accused the acquirers for trying to purchase BlueScope 'on the cheap. AustralianSuper's spokesperson stated that "we?support the BlueScope Board's decision to?reject?the offer" and to'remain focused' on executing the strategy of the company...

Mineral Resources

BlueScope’s largest investor rejects $9 billion takeover bid

BlueScope Steel’s largest investor, AustralianSuper said on Friday that it supported the Australian company's decision to reject a $9 billion offer from U.S.-based Steel Dynamics and?SGH?. After announcing its increase in stake on Thursday, the pension fund now holds 13.52 % of BlueScope. BlueScope rejected the $A30 offer from?SGH & Steel Dynamics on Wednesday, saying that it was "very significantly undervalued". The company also accused the acquirers of trying to buy BlueScope 'on the cheap. AustralianSuper's spokesperson stated that "we support the BlueScope Board's decision to reject the offer and remain focused on executing the company's strategy, without distraction." The...

Mineral Resources

BlueScope Steel shareholders seek price increase for $9 billion purchase offer

BlueScope Steel's investors are hoping for a A$13.2 Billion ($8.92 Billion) buyout offer from SGH and U.S. based Steel Dynamics to gain their support to sell Australia’s largest steelmaker. BlueScope closed Wednesday with a 1.12% increase in its shares at A$29.87. This is a fractional amount below the A$30 offer that was made public on Monday. The BlueScope board has yet to deliver an official recommendation on the all-cash bid, which was the fourth approach from Steel Dynamics put to the Melbourne-headquartered firm since late 2024. SGH, owned by Australian billionaire Kerry Stokes would purchase BlueScope, and then sell the...