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Investors assessed the progress made in ending the Middle East war after the U.S. president and Iran's president signed an interim peace agreement, but uncertainties still lingered. The text of the agreement was released by both countries. It had circulated widely prior to its publication. The agreement extends the ceasefire that was announced in April for another 60 days, allowing both sides to negotiate an end to hostilities. Donald Trump, the U.S. president, has threatened to resume his attacks on Iran and to kill Iranian officials who fail to honor their commitments. Kyle Rodda is a senior analyst for Capital.com....

On 'Wednesday, major stock indexes declined, bond yields rose and the U.S. dollar extended gains against the euro after the Federal Reserve kept the benchmark interest rates steady. New projections revealed that officials expect to raise borrowing costs in the second half of this year due to rising inflation fears. This was the first rate announcement under new Fed chairman Kevin Warsh. As was widely anticipated, there is a good chance that rates will not be cut in this year. "This further confirms it," said Ryan Detrick. Chief?market strategist for Carson Group, Omaha. Detrick asked, "Now we have to ask...

The U.S. Dollar and major stock indexes gained on 'Wednesday, ahead of Kevin Warsh making his debut as Federal Reserve Chair. Oil prices also rose after doubts arose over the U.S. Iran peace deal. At the first Fed meeting, which will be chaired Warsh, the Fed is expected hold the interest rate steady. A new policy statement as well as economic projections are likely to reflect the growing concern over the inflation caused by the Iran War even after the recent peace agreement. In March, most committee members projected that they would cut rates. Adam Sarhan of 50 Park Investments,...

Asian stocks gained modestly on Tuesday, following a rally on Monday on the news of a U.S. - Iran peace pact. Investors also assessed a widely anticipated Bank of 'Japan 'rate increase that reached a new high of 31 years. The Nikkei index rose 0.6% and briefly crossed the 70,000-mark to reach a new high after the Japanese central banks voted to raise its benchmark policy rates to 1%. This was the highest level since 1995. The yen was unchanged at 160.31 against the dollar. The Australian dollar, which was 0.3% weaker at $0.70515, was also little changed. This is...

Asian stocks fell on Tuesday, as investors focused on 'central bank decisions. This included an expected 'rate hike by the Bank of Japan. The markets have taken a more measured approach to Gulf developments, as the initial excitement surrounding the preliminary agreement reached between Washington and Tehran has begun to fade. Brent crude futures rose 0.1% to $83,25 per barrel, reflecting the cautious approach. Shipping companies in Asia and Europe say it could take several weeks to rebuild confidence that the Strait of Hormuz will be open for business again. MSCI's broadest Asia-Pacific index outside Japan has lost gains and...

Official data on Thursday showed that oil product inventories in Asia's main trading hub Singapore fell to their lowest level?in almost 13 years. This was due to a'sharp' decline in residual fuel stocks as the Middle East conflict continued. Enterprise Singapore's data shows that the combined onshore oil products stocks fell to 34.41 millions barrels during the week ending June 10. This is the lowest level since July 2013. The oil inventories at global storage hubs are shrinking, as Middle Eastern shipments continue to be curtailed by the U.S. - Iran?war. In the week ending June 10, inventories of residual...

The world stock market?was facing a second consecutive day of declines on Thursday, as a glitch with the AI rally and renewed fighting between the U.S.A. and Iran dampened?the mood. Meanwhile, oil prices eased following the agreement by Israel and Lebanon to a 'ceasefire. Europe's stock exchanges started the day steady as crude and bond yields fell. However, Wall Street futures pointed lower and Asia had a tough session due to weakness in technology stocks. The stock market in Korea fell as much as 2,6%. In Japan, the Nikkei225, Hong Kong, and Taiwan, all of these markets ended lower between...

Oil prices fell and were headed towards a weekly decline as traders awaited clarification on the efforts to reopen Strait of Hormuz, and extend an?U.S.Iran ceasefire. United States and Iran reportedly agreed to lift shipping restrictions and extend their ceasefire, according to sources. However, U.S. president Donald Trump is yet to approve this deal. Iranian state media also said that it was not finalized. Oil futures dropped around 2%, and are on course for their biggest weekly drop since early April. MSCI's global stocks index rose by 0.4%, reaching a new record high. Chipmakers led the gains after Dell's upgraded...

The central bankers have raised inflation concerns Japan's Nikkei reaches record after Wall Street gains due to AI optimism New Zealand Dollar falls ahead of expected central bank rate hike By Rocky Swift Asian stocks rose on Wednesday, while oil prices remained high as markets waited for signs that the shaky truce between the United States of America and Iran would be extended. Brent crude traded at a price of?nearly $100?per barrel and the dollar held onto gains made in the previous session, after Iran claimed that the U.S. violated the ceasefire. New Zealand's currency remained lower in anticipation of...

European stock indexes lost some of their recent gains on Tuesday, and oil prices rose as a result. Investors' hopes that a U.S. peace deal with Iran was imminent were dampened by?new U.S. attacks in southern Iran. The market sentiment has improved over the last week, as traders have bet on the de-escalation of the U.S. and Israel war against Iran. This conflict began late February and has caused severe disruptions in Middle East oil supplies. They revised this view after the U.S. announced on Monday that it had conducted what it called defensive attacks in southern Iran. U.S. Secretary...

U.S. Treasury Yields and Oil Prices fell on Wednesday, as hope increased that the U.S. was close to a deal with Iran in order to end the Middle East war. Major?stock indices also rose before the closely-watched results from Nvidia. Investors continue to watch headlines in search of signs that the U.S. is making progress with Iran on ending the war. Donald Trump, the U.S. president, said that negotiations with Iran are in their final stages. He also warned of more attacks if Iran does not agree to a deal. Trump said that the United States would wait for a...

Investors were waiting for Nvidia's earnings to find out if the world's most valuable company could help markets cope with higher borrowing costs. Investors increased their bets on the Federal Reserve raising interest rates in 2019. The sell-off continued overnight. Overnight, the benchmark 10-year Treasury rate hit a 16 month high of 4,687%, while 30-year Treasury rates climbed to 5,198%. These levels have not been seen since 2007. Brent crude futures fell 0.2% on Wednesday but still remained above $100 a barrel. The Strait of Hormuz remains effectively closed, and U.S. president Donald Trump has said that he may need...

Singapore is establishing an over-the counter gold clearing system and introducing central bank gold vaulting services. This comes as the city state looks to establish itself as a gold trading hub. Gan Kim Yong, the Deputy Prime Minister, told the Asia-Pacific Precious Metals conference on Monday that the Singapore Exchange will?establish a gold clearing system over-the-counter for Loco Singapore or physical gold in Singapore by the end this year. He said that six banks will be clearing members: DBS, Deutsche Bank ICBC Standard Bank J.P. Morgan OCBC, UOB. Gan stated that the Monetary Authority of Singapore (MAS) will offer central...

The mining firm Sinda filed for a U.S. IPO on Friday, marking billionaire Thomas Kaplan's'second attempt' to enter the public markets, following Sunshine Silver's listing a 'day earlier', as 'interest in IPOs' rebounded. The filing did not reveal the terms of?the?offering. The U.S. IPO Market exploded in 2026. A variety of sectors were eager to list and take advantage of the excitement among investors for new listings. Elon Musk’s SpaceX will?start trading in New York in what is expected to be the largest IPO ever. Anthropic, a leading AI company, also filed a confidential application to go public last week....

The Australian share market closed Monday at its lowest level in over a month, with mining and gold stocks dragging it down. This was due to a fall in commodity prices. Meanwhile, the stagnation of Middle East peace negotiations boosted crude prices, fueling inflation fears. The benchmark S&P/ASX 200 ended 1.5% lower, at 8,505.30 point, its lowest close since March 31, As commodity prices fell, the number of miners dropped 2.8% to a new low. BHP and Rio Tinto fell between 2.8% to 3.6%. Gold miners fell 4% while real estate dropped about 3%, and financials fell 0.3%. Santos and...

Trafigura, a global commodity trading firm, announced?on Thursday?it?had?signed an offtake agreement with Heath Goldfields Ltd., a Ghanaian-owned mining company. The deal was to purchase 700,000 ounces gold dore at the Bogoso Prestea mine located in western Ghana. Trafigura said in a press release that it would provide $65 million of debt financing in addition to the?offtake in order to support the restart of oxide ore mining operations at the mine. Trafigura stated that it would 'act as an offtaker of gold dore' (a'semi processed gold product? )?generated at the Bogoso Prestea processing facility. Deliveries are expected to begin later this...

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...

Sany Heavy Industry's shares rose up to 4.7% on their Hong Kong debut Tuesday, after the Chinese construction equipment maker raised HK$12.36bn ($1.59bn) in one the biggest listings in the city this year. According to the prospectus, this company was founded in 1994 and is part of the Sany Group. It is now China's leading construction machinery manufacturer, and ranks among the top three worldwide. Sany, which manufactures excavators and concrete machinery as well as road construction equipment and cranes, operates 16 production bases in different countries and sells its products to more than 150. The stock price opened at...

This week, a delegation of Singaporean firms is visiting South Africa to explore partnership opportunities in manufacturing, logistics and consumer goods. Trade between the two countries has almost doubled in the last four years. Enterprise Singapore, Singapore's agency for trade and enterprise, stated that this mission was part of the Scale-Up Programme and aimed to link participating firms with South African counterparts, and potential partners, in a variety of sectors including agriprocessing and industrial supplies. "South Africa is already a close partner of Singapore, and there are many Singaporean firms operating in South Africa," Rahul Ghosh said on Thursday. He...

Two people who have direct knowledge of this matter say that Anugrah Neo Energy Materials, a nickel mining and processing firm in Indonesia, plans to make an initial public offer on the Indonesia Stock Exchange. The company hopes to raise $300 million. Sources declined to identify themselves as this information is not public. According to sources, Anugrah Neo Energy Materials could be valued at more than 2 billion dollars. Proceeds will also be used for expansion. They added that DBS and RHB are among the banks involved in the IPO. Anugrah Neo Energy Materials didn't immediately respond to an inquiry...

Rio Tinto is preparing to ship 2 million metric tonnes of high-grade ore from its Simandou mine in Guinea by mid-November, according to three sources. This would be the very first shipment out of the massive mine that will reshape the global supply and pricing. Rio's third-quarter report, released on Tuesday, stated that SimFer, one of two mines in Simandou, had amassed 1,5 million tons of ore. The first ore was loaded onto rail transport back in October. Unspecified details were not provided by a spokesperson, but he said that the company was continuing to progress the project at "pace"....

The CEO of the trading house Trafigura stated on Monday that traditional applications of copper will continue as the largest part of the demand for the metal in the coming decade. This is not data centres or the defence industry. Richard Holtum, speaking at the LME Week in London, noted that artificial intelligence (AI), defence spending and metal demand are "buzzwords". He said that consumer demand will "dwarf three times" the AI demand for copper this year. Holtum, in a conversation with Matt Chamberlain, CEO of the London Metal Exchange said: "The amount that copper goes into air conditioning is...

The Australian government announced on Tuesday that it would provide A$135 (US$87.4M) in financial assistance to two smelters in Australia's southern region owned by Nyrstar. Nyrstar is a subsidiary of commodity trader Trafigura. Trafigura placed its Port Pirie lead-smelting operations, in South Australia, and its zinc processing operation in Hobart in Tasmania under strategic review in early this year after high energy costs and lower processing fees rendered the businesses unprofitable. Nyrstar, as part of its review, assessed the potential of producing antimony, a critical mineral, at its Port Pirie facility, but it would require government assistance to do so....

Three sources familiar with the matter claim that the sale of a majority stake in Bank Pan Indonesia, or Panin Bank, listed on Jakarta's stock exchange by ANZ Australia and Indonesia’s Gunawan Family has been stalled because of a mismatch of pricing. The combined stake is equivalent to approximately 86% of Panin Bank. This bank was valued at $1.45 billion on Friday, based on the 1,140 rupiah share price on the Jakarta Stock Exchange. According to LSEG, the Gunawan family holds 46.5% of the shares. It is willing to reduce its holdings. ANZ, an Australian bank, owns around 39.2%. CIMB...