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Brent oil, meanwhile, posted its biggest quarterly drop since 2020 as traders stayed on top of a fragile truce between the United States &?Iran. The U.S. Dollar was expected to post its fourth consecutive quarterly gain against a basket, pushing the yen down to a low of 40 years, as expectations of U.S. rate hikes changed dramatically on the last day. The greenback gained more than 1% against the currencies of emerging markets as a group throughout the second quarter. The Strait of Hormuz reopened slowly and randomly on the energy markets as the hostilities between Iran and the U.S....

On Tuesday, global stocks were on track to achieve their best performance in the second quarter of six years. Meanwhile, a resurgent US dollar drove the yen down to its lowest level in four decades and was heading for a fourth consecutive quarterly increase. In the last three months the Strait of Hormuz reopened slowly and 'haphazardly' as hostilities between Iran and the U.S. waned, resulting in a fragile ceasefire and a 20% drop in the price of crude oil. A dramatic shift has also occurred in the expectations of U.S. interest rate, against the backdrop of an unstoppable rise...

On Tuesday, global stocks were on track to achieve their best performance in the second quarter of six years. Meanwhile, a resurgent US dollar drove the yen down to its lowest level in four decades and?on course for a fourth consecutive quarterly increase. In the past three months the Strait of Hormuz reopened haphazardly and gradually as the hostilities between Iran and the U.S. waned, resulting in a fragile ceasefire that knocked 20% off of the price of crude oil. A dramatic shift has also occurred in the expectations of U.S. interest rate, against a backdrop that is dominated by...

Asian stocks surged on Tuesday at the end of an impressive quarter, as a resurgent yen fell to its lowest level in four decades and headed towards a fourth consecutive quarterly increase. Japan's Nikkei rose 1.6% and is on track to set a new record for quarterly gains of over 38%. South Korea's KOSPI, which is dominated by chipmakers, rose 3%. However it was on track for a record-breaking second-quarter gain of more than 71%. It has already doubled in the past year. Brent crude futures are trading at $72.49 per barrel, which is the pre-war price. This is even...

Asian stocks shook as they approached the end of a stellar quarter on Tuesday. A resurgent Dollar pushed the Japanese yen down to its lowest level in four decades, and was heading for a fourth consecutive quarterly rise. Japan's Nikkei is set to record a record gain of 36% in the second quarter. South Korea's chipmaker driven KOSPI fell 1% but was still on track for a record second quarter rise of more than 65%, having doubled in value year-to date. Brent crude futures are trading at $72.49 per barrel, which is the pre-war price. This is even with the...

U.S. Stock Futures rose on Monday, after the U.S. agreed to halt recent hostilities with Iran and resume talks. This helped oil prices drop after they spiked earlier due to renewed attacks between both sides. After a sell-off last week triggered by fears about AI spending, European stocks were flat. However, tech was outperforming on both sides. The STOXX 600 index in Europe was not changed, but the S&P 500 futures in the U.S. rose 0.8%. Futures on the Nasdaq, which is a tech-heavy index, rose by 1.1%. This puts the U.S. Index back on track to recover after it...

The global equity markets fell on Friday as investors continued to take profits from?highly-flying tech and chip stocks. Meanwhile, crude oil prices plummeted as more tankers left Strait of Hormuz. Wall Street saw all three indexes trading lower, with choppy trading, as losses in energy, industrials and technology offset gains in healthcare stocks and real estate. The Dow Jones was on course for a gain, while the S&P 500 and Nasdaq are headed for weekly losses. The chip stocks fell 5% for a loss of 7.7% per week, the biggest weekly drop since March. The Dow Jones Industrial Average dropped...

Asian stocks surged on Thursday, after Micron and Qualcomm reported strong earnings. This helped to ease some of the concerns about the AI rally which has driven global stock prices to new highs. Micron announced that its customers have committed $22 billion to its memory chips. Qualcomm expects $15 billion of sales in its data center business by 2029. MSCI's broadest Asia-Pacific share index outside Japan rose 1.3% in early trading. Japan's Nikkei gained over 2%, while South Korea's KOSPI gained 5.5%. Futures on the S&P 500 index rose by 0.5%, while Nasdaq futures increased by?1.8%. Tony Sycamore is a...

Global stocks fell on Monday, with a selloff of technology and semiconductors shares leading the way. Investors were bracing for a more aggressive Federal Reserve response to inflation. Wall Street saw the Nasdaq, a tech-heavy index, lead losses. Semiconductors?and?some megacaps were also under pressure. Nvidia shares fell 3%, Tesla shares dropped 5%. Shares of SpaceX recovered from their initial declines and traded up 1.6%. Chip stocks fell 7%. The Dow Jones Industrial Average rose 0.06%. The S&P 500 dropped 1%. And the Nasdaq Composite fell by 1.6%. Amanda Agati is the chief investment officer of PNC Asset Management Group. The...

Investors shifted to bonds and the dollar as they grew more confident that the Federal Reserve would be more aggressive about tackling inflation. Futures on the Nasdaq fell more than 2.5%. This suggests that Monday's 1.3%?slide could continue into Tuesday. SpaceX shares struggled to reach positive territory during Tuesday's premarket after losing nearly 17% the previous day. Alphabet, Meta Platforms, and Microsoft all also fell. S&P 500 futures fell 1.2%. STOXX 600 dropped 0.8% under pressure of declines by European chip and semiconductor makers. This followed declines among tech stocks in Japan, South Korea and South Korea. Seoul's KOSPI Index...

Investors expect the Federal Reserve will take more aggressive measures to combat inflation even after a 16% decline in oil prices this month. STOXX 600 dropped 1.2% under pressure of 'declines by?European chip-equipment manufacturers, following declines in tech shares in Japan and South Korea. Seoul's KOSPI Index fell 10%, its biggest one-day drop since March. Futures on Nasdaq are down over 2.5%. This suggests that Monday's 1.3% decline could continue into the second day. SpaceX shares fell by nearly 17% on Monday after the company tapped the bond markets following its blockbuster IPO earlier this month. Alphabet, Meta Platforms, and...

After the U.S. lifted sanctions against?Iran on Tuesday, oil prices rose and traders were concerned that the Federal Reserve might take more aggressive measures to combat inflation in the second half of the year. S&P 500 futures and MSCI's broadest Asia-Pacific index outside Japan both fell by 0.5%. Brent crude rose 0.2% to $78.03 a barrel. The Nikkei was down 0.6%. This is a reversal of some losses. Data showed that Japan's manufacturing industry experienced robust growth in the month of June. New orders surged at their highest rate in over four years. South Korean stocks fluctuated between gains, losses,...

Asia's crude oil imports by sea?rose slightly in June, but remained near their lowest levels in over a decade due to the impact of the?Iran Conflict on shipments from Middle East. Data from commodity analysts Kpler show that the top importing region will receive 20,71 million barrels of oil per day in June. This is up a fraction from the?20.39million bpd received in May and almost 2 million bpd more than the 18,77million bpd achieved in April. The imports of Asia remain well below the average 26.79 millions bpd for the three-month period prior to the United States' and Israel's...

The Crude Oil differentials in Europe that help set the Brent benchmark for the world have dropped further this week, as increased flows via the Strait of Hormuz has eased fears about Middle East supply disruptions. JD Vance, the Vice president of the United States, said that on Thursday 12.5 million barrels flowed through strait since the U.S. signed an interim agreement with Iran to end their conflict. Since the beginning of the fighting in late February, the strait has been closed to oil flow. It used to carry up 20 million barrels a day before. Six grades are used...

The global oil market has been predicting that the Strait of Hormuz would be closed for a short time, and the disruption of crude and refined product supply will also be brief. This expectation is reflected in the price of crude oil futures. Although they have increased sharply since February 28, the prices are still far below the highs achieved in the aftermath of Russia's invasion of Ukraine in 2022. The paper crude market, in effect, has believed U.S. president Donald Trump's social media posts that have been made since the bombing began, that the?conflict?will be over soon and Iran...

In April, Asia's imports for key refined fuels like gasoline and diesel dropped to their lowest level in four years. This was due to refinery maintenance as well as a weaker demand from the region that is the largest importer. According to commodity analysts Kpler, the total imports of light distillates and middle distillates in April were 166.37 millions barrels, down from March's 195.54 and the lowest since April 2020. The sharp fall in imports for April was due to a decline in shipments by key exporters of refined goods. Kpler reports that India, which is the top fuel exporter...

Singapore's jet fuel imports most likely hit multiyear highs in December last year, with India being the top supplier as the arbitrage to Europe stayed shut, trade sources and shiptracking data show. Jet fuel imports into the small city state are closely followed by markets, as it is a major trading and storage hub for refined fuel in Asia. The strong supply to Singapore and expectations of greater exports from China after its refiners received recently their first batch of the 2025 export quota, might weigh on Asia's spot jet fuel prices, included the sources, who all sought anonymity. Singapore's...

Singapore's middle distillates stocks edged down by 1.4% week on week as web exports of both diesel/gasoil and jet fuel/kerosene both acquired, though Middle East diesel/gasoil barrels stayed prevalent, official information revealed on Thursday. Stock levels of diesel/gasoil and jet fuel/kerosene at secret oil storage hub Singapore were at 10.587 million barrels for the week ended Oct. 9, below 10.742 million barrels in the previous week, information from Business Singapore revealed. Net exports of diesel/gasoil gained by 6%, while net exports of jet fuel/kerosene gained around 48% week on week. On the diesel/gasoil front, total imports for the week fell...

Singapore's middle extracts stockpiles fell 4% weekonweek to below 11 million barrels as an increase in jet fuel/kerosene net exports outweighed gains in diesel/kerosene net exports, main data showed on Thursday. Stocks of diesel/gasoil and jet fuel/kerosene at secret oil storage center Singapore were at 10.919 million barrels for the week ended Sept. 11, a little down from 11.374 million barrels a. week back, information from Enterprise Singapore showed. For jet fuel/kerosene, net exports surged nearly ten-fold. from a week earlier as total imports went back to almost. negligible levels. Total exports continued to drain of Singapore to numerous. local...

Singapore's middle distillates stockpiles drew for a second week, falling by 2%. week on week, however China import volumes for diesel/gasoil and jet. fuel/kerosene remained popular, official information revealed on. Thursday. Gasoil/diesel and jet fuel/kerosene inventories at key oil. storage center Singapore were at 10.134 million barrels, below. 10.349 million barrels a week ago, figures from Enterprise. Singapore showed. Jet fuel/kerosene net exports climbed by nearly 10%, fuelled. by the 43% rise in overall exports week on week. Key factors today were Australia and Vietnam, with. the latter drawing more freights regionally given some planned. refinery maintenance there that simply...

Singapore's middle extracts stockpiles slipped weekonweek as net exports of diesel/gasoil rose, main information showed on Thursday. Inventories of diesel/gasoil and jet fuel/kerosene at key oil storage center Singapore were at 8.845 million barrels in the week of Feb. 21, below 9.547 million barrels from a week earlier, the data from Business Singapore showed. Net exports of diesel/gasoil increased by 37% from recently, mainly due to an 11% decrease in overall imports. Import arrivals were mostly from Russia and Saudi Arabia for the week, the information showed. Around 100,000 metric loads of India-origin diesel/gasoil were bound for Singapore in February,...