Western Europe

The oil prices were unchanged on Monday after rising the previous session. Iran's crackdown on protests has quelled the civil unrest, and reduced the chances of an attack by the U.S. on the Middle Eastern major producer, which could disrupt the?supplies. Brent crude was trading at $64.18 per barrel as of 0158 GMT. This is a 5 cents, or 0.08% increase. U.S. West Texas Intermediate rose 8 cents or 0.13% to $59.52 per barrel in February. The contract expires Tuesday, and the March contract, which is more active, was $59.36 up 2 cents or 0.13%. The unrest was quelled by...

U.S. Stock Futures fell on Monday, after President Donald Trump threatened to slap additional tariffs on 8 European nations until Greenland was allowed by the U.S. The?dollar dropped against the safe haven currencies of the Swiss franc and yen. Concerns about the impact of a full-blown trade war between Europe and the U.S. on global growth and demand led to a gold and silver price jump. The holiday on the U.S. equity markets and bond market led to thin trading, which likely contributed to a drop of 0.7% in S&P futures and 1.0% in Nasdaq. EUROSTOXX Futures and DAX Futures...

U.S. Stock Futures fell on Monday, after President Donald Trump said he would impose?extra tariffs? on eight European countries until the U.S. was allowed to purchase Greenland. This pushed the dollar lower against the yen (a safe haven currency) and the Swiss franc. The holiday on the U.S. bond and equity markets led to thin trading, which?likely? contributed to a drop of 0.9% in S&P futures and 1.1% in Nasdaq. Nikkei Futures also pointed to a weak start for Asian stocks. Trump announced that he will impose an additional 10% on imports of goods from Denmark and Norway. He also...

By Anna Szymanski What Mike Dolan, the ROI team and I are looking forward to reading, watching and listening to this weekend. From the Editor Hello Morning Bid readers! The week began with a bang and it is yet to be seen if it will end on a whimper. Federal Reserve Chair Jerome Powell revealed that the Justice Department threatened to indict him on Sunday, drawing widespread condemnation. In a wide-ranging, multifaceted interview with President Donald Trump on Wednesday, Trump stated that he did not plan to fire Powell and also hinted at a possible delay in intervening in Iran....

The oil prices increased slightly on Friday, as participants in the market weighed supply risks. However, the likelihood of an?U.S. The likelihood of a U.S. strike against Iran has decreased. Brent rose 5 cents or 0.1% to $63.81 per barrel, while U.S. West Texas Intermediate climbed 8 cents or?0.1% to $59.27 per barrel at 0749 GMT. Brent and WTI both reached multi-month highs in this week, after protests erupted in Iran and U.S. president Donald Trump hinted at the possibility of strikes against the country. Brent prices are still on track for a fourth consecutive week of gains. BMI analysts...

Kevin Buckland gives us a look at what the future holds for European and global markets. The move away from the high-flying technology?stocks, which set the pace for the record global equity 'rallies of last year, gained more momentum to the benefit?cyclical shares and?value stocks. As an example, Japan's high-tech Nikkei index dropped by 1% during the narrative. It had previously reached a record-high. The Topix index, which is a broader measure of the market, extended its record-breaking climb by 0.4%. The Russell 2000 index is currently outpacing S&P 500, with a 0.7% gain overnight while the larger index has...

On Thursday, oil prices fell from their multi-month highs and gold, a safe-haven asset, eased from its record high after U.S. president Donald Trump 'calmed the market's anxiety over a possible U.S. war against Iran. Investors have been looking for bargains elsewhere in the market as they move away from high-flying names in chip and artificial intelligence. Currency markets paused to catch their breath after the yen fell overnight against the U.S. Dollar to its lowest level since July 2024. The yen then rebounded sharply amid warnings about possible Japanese intervention. Japanese bond yields have eased from record highs following...

Ankur Banerjee gives us a look at what the day will bring for the European and Global markets. And then we're back to screen-gazing, as the yen edged towards?160 a dollar, fueling intervention concerns, as the prospect a snap election in Japan next month turbocharges so-called "Takaichi trading". Investors are selling the Japanese government bonds and the yen because they fear low interest rates and additional stimulus for an economy that has one of the largest debt burdens of any developed country. After local media reported that Prime Minister Takaichi may call for general elections in February, the Nikkei index...

The oil market fell after four consecutive days of gains on Wednesday, as Venezuela resumed exports. Meanwhile, U.S. crude inventories and products rose. However there were fears that Iranian supplies would be disrupted due to deadly civil unrest. Brent futures fell 20 cents or 0.3% to $65.27 per barrel by 0525 GMT. U.S. West Texas Intermediate Crude was down 23 cents or 0.4% at $60.92 per barrel. Suvro Sarkar is an energy analyst with DBS Bank. He said that oil prices had already factored in a geopolitical premium in recent days, due to the rising tensions in Iran and drone...

Asian stocks rose Wednesday, boosted by Japanese shares. Investors?prepared for a quick election in Japan, which could lead to fiscal stimulus. Worries about central bank independence, and 'benign U.S. data on inflation, whipsawed currencies. Gold prices reached a new record high as geopolitical tensions erupted across the globe. Oil prices also rose after U.S. president Donald Trump encouraged Iranians to continue protesting and said that help was on its way. Iran accused Trump, in turn, of inciting violence and encouraging political instability. Early Asian hours saw the Japanese yen at its lowest level since July 20,24, at 159.415 to the...

The market is apprehensive about the possibility of Iranian supply disruptions after deadly unrest in this major Middle Eastern producer. Brent futures traded 9 cents lower or 0.14% at $65.38 per barrel at 0207 GMT. U.S. West Texas Intermediate Crude was down 12 Cents, or 0.2%, at $61.03 per barrel. Brent futures ended 2.5% higher Tuesday, while WTI rose 2.8%. Prices for both contracts have risen 9.2% in the last four trading sessions due to the?increasing protests against the fourth largest OPEC producer. U.S. president Donald Trump on Monday urged Iranians to continue protesting, and that help would soon be...

Moscow announced on Tuesday that the oil?assets? Russia develops in Venezuela are its property, and it will continue to work there. This follows Donald Trump's claim of control over Venezuela. TASS reported that Roszarubezhneft, a Russian company, said all of its assets in Venezuela belonged to Russia. It also stated it would honor its agreements with?international partners' there. Roszarubezhneft is owned by an entity of the Russian Ministry of Economic Development. It was founded in 2020, and shortly after acquired the Venezuelan assets of Russian state-owned oil company Rosneft. This happened following sanctions imposed at the time by Washington on...

A source familiar with the situation said that Canada was considering sending a small contingent of troops to Greenland in order to take part in NATO exercises. The first to report the news were CBC News and Globe and Mail. Source: Military officials have "presented" plans for the operation to government, and are "awaiting a decision by Prime Minister Mark Carney," said the source. The source requested anonymity due to the sensitive nature of the issue. Carney's office declined to comment. Carney is challenged by the threats of U.S. president Donald Trump to annex Canada. He wants to be on...

BHP has been denied permission to appeal a ruling that found it liable for a 2015 dam collapse in the southeast of Brazil. The London lawsuit could be worth tens or hundreds of millions of pounds. The London High Court ruled in November that BHP is legally responsible for collapse of Fundao Dam, located in Mariana (southeastern Brazil), which was owned by BHP's joint venture with Vale, Samarco. BHP's request for a?permission of appeal this ruling? was denied by High Court. BHP has said it will directly apply to the Court of Appeal. BHP's spokesperson stated in a press release...

Donald Trump, the U.S. president, has linked his desire to seize control of Greenland with his failure to receive the Nobel Peace Prize. He said he was no longer thinking "purely of Peace", as the row on the Arctic island threatened to reignite the trade war between Europe and the U.S. Trump is intensifying his efforts to take over Greenland, which belongs to NATO member Denmark. He has threatened punitive tariffs against countries that stand in his path and prompted the European Union (EU) to consider retaliatory measures. The dispute threatens to bring down the NATO alliance, which has been...

The copper price rebounded Monday, thanks to a lower dollar and better-than-expected data from China, the world's largest metals consumer. After two consecutive sessions of declines, the benchmark three-month 'copper price on London Metal Exchange rose 0.6% to $12,885 per metric ton at 1030 GMT. LME copper fell to a low of one week on Friday due to profit-taking, and worries about weak Chinese demand. It had fallen from its record high of $13,407 on Wednesday. The price of coal has risen 31% in the last six months on fears that shortages may occur this year due to mine disruptions....

BHP has been denied permission to appeal a ruling that they are 'liable for the collapse of a Dam in Southeastern Brazil?in 2015, as part of a London suit potentially worth tens of millions of pounds. The London High Court ruled in November that BHP is legally responsible for the collapsed Fundao Dam, located in Mariana (southeastern Brazil), which was owned by BHP and Vale's joint venture Samarco. BHP's request for permission to appeal this ruling was denied by the High Court. BHP may still apply directly to the Court of Appeal. After their initial win, the claimants' attorneys sought...

In a letter, U.S. president Donald Trump told Norway's Prime Minister that he did not feel obligated to "think purely of Peace", because he hadn't?been?awarded the Nobel Peace Prize. He also reiterated his demand for Greenland. Stoere said in a press release that the letter was written in response to a short message sent by Norway's Premier Jonas Gahr Stoere to Trump opposing his decision imposing tariffs on European allies for refusing to allow the U.S. to take control of Greenland. Trump's letter stated that he no longer felt obligated to only think of Peace. Although it will always be...

London and Shanghai markets have seen a surge in tin prices, which are now at all-time highs. According to the China Nonferrous Metals Industry Association, the rally is "unreasonable". Last month, it warned all parties to "avoid following trends blindly". Beijing's warning has not deterred Chinese traders from chasing prices higher and higher. On Thursday, the volume of trading in the?tin contracts on Shanghai Futures Exchange (ShFE) exceeded one million metric tonnes. This is more than double the annual global physical consumption. Tin is in a clear speculative boom, which will burst as soon as trends change. The mismatch between...

On Saturday, protesters in Denmark and Greenland called for the island to be allowed to decide its own fate and criticized President Donald Trump's demand that it be ceded. Trump has said that Greenland's strategic location and its large mineral deposits are vital for U.S. national security. He has also not ruled out the use of force to seize it. The European nations sent military personnel this week to the island on Denmark's request. MARCHING FOR GREENLAND AT NUUK AND COPENHAGEN Demonstrators in Copenhagen chanted, "Greenland's not for sale", and carried slogans like "No means No", and "Hands Off Greenland",...

The European share market was subdued Friday due to weakness in mining and luxury stocks. This marked a gloomy end to a week that had been dominated by?the beginning of a busy earning season along with geopolitical concerns. The pan-European STOXX 600 index finished at 614.38, while the luxury index fell 3.2%. This was its largest daily drop since early October. Richemont, one of the biggest losers, fell 5.4%, after BofA Global Research cut its recommendation for the Swiss jewellery firm to neutral from buy, and advised investors to "wait", citing inflated valuations following a recent rally. "European stocks are...

Gold prices extended losses ?from the previous session on Friday, as stronger-than-expected U.S. economic data and ?easing ?geopolitical tensions in Iran hampered bullion's bullish momentum. By 1217 GMT, spot gold had fallen 0.1% to $4610.86 an ounce. The metal is expected to gain 2% in a week after reaching a record high of $4,642.72 Wednesday. U.S. Gold futures for delivery in February edged down 0.2% to $4,615. Carsten Menke, Julius Baer analyst, said: "There used to be a lot of momentum in the gold market. It seems that it has waned a bit at the moment ....the recent economic news...

Mali's industrial?gold?output declined 22.9% in the year 2025 due to the long?suspension? of Barrick Mining operations because of a dispute about tougher mining regulations, according to preliminary figures released by the West African nation's Mines Ministry. Mali is one of Africa's biggest gold producers. It has been pushing for reforms to increase the value of this sector. This was enshrined into a mining code that was introduced in 2023. The government announced in December that a sweeping audit had led to the recovery by mining companies of arrears amounting to 761 billion CFA francs (US$1.2 billion). The tougher rules ruffled...

Worthington Steel is planning to purchase Germany's Kloeckner and?Co. The deal values the metals trading company at $2.4 billion. Kloeckner & Co., with over 100 locations in North America and Europe, provides a wide range of products, including?carbon flat-roll?steel, electrical steel and aluminum. Swoctem is the largest shareholder of Kloeckner & Co. and has agreed to offer?its 41,53 % stake in the offer. This will be subject to a minimum acceptance threshold of 65%??of all outstanding???shares. Kloeckner & Co's shares rose by 25% in the pre-market. Worthington stated that the all-cash transaction will be conducted via a voluntary bid offer...