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What's important in U.S. and Global Markets Today By Mike Dolan, Editor at Large, Finance and Markets It's unnerving that the relapse of U.S. Tech stocks on Tuesday occurred as oil prices dropped sharply in the same session. This shows how stock market anxiety extends "well beyond" the energy story. The crude?prices on Wednesday were volatile after the U.S. and?Iran exchanged missile strikes overnight, the most alarming direct interaction between the two sides since the fragile ceasefire was established. Below, I will go into more detail. Check out my most recent column about why the stock exchange is becoming more...

Stock market gains are not the real economy but they offer more than just a warm fuzzy feeling for many families. Stock-based compensation for workers may be a factor that helps bind them'more closely' The U.S. economy has remained stable despite a turbulent post-pandemic period of high inflation, rising interest rates and political and trade uncertainty. Many theories have been put forward, ranging from robust corporate and household finances to tax "cuts" and a three-year old AI investment boom. One of the most popular is that the stock market's resilience has boosted the so-called "wealth effect" and kept the consumption...

Ankur Banerjee gives a look at what the markets will be like tomorrow in Europe and the world. Markets are nervous following the latest escalation of Middle East tensions, but investors have hope that the new 'U.S. The 'attacks on Iran after an Apache helicopter was 'downed near the Strait of Hormuz won't derail a peace deal that will end the war. It may be a wishful thought, as the U.S. army has said that it targeted Iranian air defences, ground control stations, and surveillance radar sites near this key waterway to respond to attacks against U.S. forces and commercial...

Investors rushed to purchase the latest dips in tech stocks on Tuesday, while oil prices fell after Israel and Iran agreed to?halt their attacks against each other for the time being. In Europe, ASML and Infineon led the way with a 0.7% rise in the 'STOXX 600. U.S. Stock Futures rose between 0.5% and 0.8% as Meta, Eli Lilly, Goldman Sachs and other shares grew in pre-market trade. OpenAI, the maker of ChatGPT, filed a confidential U.S. IPO on Monday, just days before SpaceX made its highly anticipated debut in the market this week. Wall Street CEOs and bankers are...

Wayne Cole gives us a look at what the future holds for European and global markets. Asian investors, whether very brave or foolish, have returned to buying the dips on Tuesday, and most regional indexes are rebounding. News that Iran and Israel had agreed to halt their attacks for the foreseeable future helped lift oil prices. South Korea's Kospi has gained almost 5% after losing 8% on Monday. It is still up an insignificant 83% this year. The bull market has attracted more retail investors, who borrow to buy, and are therefore vulnerable to margin calls. Recent Bank of Korea...

Oil prices rose by more than $2 per barrel on Monday, after Israel launched new strikes against Lebanon on Sunday despite an agreement between the two nations. This shattered hopes of a ceasefire and the restart of crude flow through the Strait of Hormuz. As of 0013 GMT U.S. crude oil futures were up by $2.10 or 2.32% at $92.64 per barrel, while Brent crude rose by $2.33 or 2.5% to $95.42 per barrel. This erased a majority of Friday's losses, when prices fell on the hope of a deescalation of the U.S. - Iran conflict. The latest strikes seemed...

Oil prices dropped on Friday, as traders grew more confident that a renewed conflict between the U.S.A. and Iran is less likely. Brent crude futures fell $2.08 or 2.18% to $92.95 per barrel at 11:37 CST . Brent closed the previous session 2.84% down. U.S. West Texas Intermediate Crude was $89.93 per barrel, down $3.11 or 3.34% after a loss of 3.1% on Thursday. Phil Flynn is a senior analyst with Price Futures Group. He said that the market does not see an escalation of tensions between the parties. Even though we haven't reached a deal, the market seems to...

The Nigerian Dangote Petroleum Refinery, which is owned by Dangote Group, has increased its crude processing capacity to 700,000 barrels a day during a test conducted by the process licensors. This exceeds the nameplate capacity, 650,000 bpd, and marks a significant milestone in operations, according to a statement released on Thursday. Devakumar?Edwin, vice-president for oil and?gas at Dangote Industries said that the ramp-up is part of a larger plan to expand the capacity to 1.4 million bpd in 30 months. This level could make the facility among the largest globally. The refinery owned by billionaire Aliko. Dangote began fuel production...

What is important in the U.S. and international markets today by Mike Dolan Editor-at-Large of Finance and Markets On Wednesday, the?S&P 500 did not achieve its 10th consecutive daily gain and some clouds are forming in the markets. Broadcom, the sixth largest company in the world by market capitalization, has stumbled despite the frenzy surrounding the hot chip sector. Stocks of the chipmaker dropped by more than 13% overnight after a slight miscalculation in sales and revenue estimates. This?reaction is a sign of the high bar that companies have to meet in order to impress the markets during the AI...

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...

Federal Reserve quarterly "dot-plot" rate forecasts could soon lose the last projected rate reduction, the so called easing dot. The plot itself may disappear altogether. Markets would then have to determine if Kevin Warsh was really the inflation-hawk he claimed to be. It might still be a surprise to some investors if he's right. Before his first policy meeting, the new Fed chairman is busy setting up his stall. He consults his staff and gets ready for his first policy session. The guidance he receives on policy direction is not going to be easy. The three-month-long war in Iran and...

Gregor Stuart Hunter gives us a look at what the markets will be like tomorrow in Europe and globally. Traders are battling with contradicting 'headlines': the renewed fighting between Iran and the U.S. on the one hand and the ceasefire?between Israel & Lebanon?on teh other. This time, there's no sign of a relief rally. Brent crude futures are just 0.7% down at $97.12 per barrel, after Lebanon and Israel agreed on a ceasefire. The agreement is conditional upon a complete cessation in fire by the Iran-aligned Hezbollah and the evacuation of its operatives out of the South Litani Sector. The...

Three sources with knowledge of the matter said that Sumitomo Corp provided financing to buyers of its 54% stake in Madagascar’s Ambatovy Nickel operation. This helped the company exit the losing project. Three sources familiar with the matter said that Sumitomo Corp, which invested $3 billion over 20 years in Ambatovy and has incurred $2.5 billion cumulative losses, provided financing to buyers of its 54% stake in Madagascar's Ambatovy nickel operation, smoothing their exit from the loss-making project. Sumitomo funded this transaction, while still retaining certain nickel offtake rights. "It needed someone to solve the problem for them," said one...

A recent Indian official investigation of gold company Rajesh exports has alleged the company overstated the revenue of its Swiss refinery unit Valcambi by $159 billion. This is a figure that's never been seen in any of the country's previous accounting investigations. The extent of alleged misreporting released by the'markets regulator' on Wednesday has raised questions about how investors and analysts could have missed it, especially since India's state run insurance giant LIC owned 11% of the firm. Rajesh Exports denies any wrongdoing. In a Friday exchange statement, Rajesh Exports said that "the main point misinterpreted in regard to revenues...

Gold prices dropped on Friday and were set to?have a weekly loss? as tensions in Middle?East dampened hopes for a U.S. - Iran peace deal amid fears of rising inflation and rate hikes. As of 0718 GMT, spot gold was down by 0.3%, at $4,461.28 an ounce. It has dropped about 1.6% this week. U.S. Gold Futures for August Delivery fell by 0.4% to $4487.90. Israel has said that it will not withdraw its troops from Lebanon, despite the rejection of a ceasefire by Hezbollah's?militia. This undermines President Donald Trump’s efforts to stop fighting in Lebanon to reach a peace...

Gold prices dropped on Friday and were set to?for an overall loss? as tensions in Middle 'East tempered?hopes of a U.S. - Iran peace deal amid fears about rising inflation and rate hikes. As of 0548 GMT, spot gold was down by 0.6%, at $4,445.51 an ounce. The price of gold has dropped about 2% in the last week. U.S. Gold Futures for August Delivery fell by 0.7% to $4471.70. Israel has said that it will not withdraw its troops from Lebanon, despite the rejection of a ceasefire by Hezbollah's?militia. This undermines President Donald Trump’s efforts to stop fighting in...

Gold prices dropped on Friday and were set to suffer a weekly loss as tensions in the Middle East dampened expectations for a U.S. Iran peace deal, amid fears of rising inflation rates and interest rate hikes. As of 0402 GMT, spot gold was down by 0.7%, at $4,442.94 an ounce. It is down about 2% this week. U.S. Gold Futures for August Delivery?fell by 0.8% to $4469.10. Hezbollah, a militia backed by Iran, rejected a ceasefire in Lebanon. Israel also said it would not withdraw its troops from Lebanon. This undermined the efforts of U.S. president Donald Trump to...

Gold prices dropped on Friday and were set to suffer a weekly loss as tensions in the Middle East tempered hopes of a U.S. Iran peace deal, amid fears about rising inflation rates and interest rate hikes. As of 0225 GMT, spot gold was down by 0.5%, at $4,452.20 an ounce. It is down about 1.8% this week. U.S. Gold Futures for August Delivery fell?0.6% at $4,478.50. Hezbollah, a militia backed by Iran, rejected a ceasefire in Lebanon. Israel also said it would not withdraw its troops from Lebanon. This undermined the efforts of U.S. president Donald Trump to stop...

Gold prices rose more than 1% on Thursday, as oil prices fell due to optimism about a possible end to the Iran Conflict. This led to a fall in bond yields and a pressure on the dollar. As of 11:50 am EDT (1550GMT), spot gold was up by 1% to $4,474.07 an ounce. U.S. Gold Futures for August Delivery gained 0.8%, to $4$4,501.90. Independent metals trader Tai Wong says that reports of a ceasefire agreement between?Israel? and Lebanon? have pushed the dollar and bond yields up, allowing gold to hold above?the 200-day moving aver?, which is an important indicator. Israel...

Gold prices rose more than 1% on Thursday, as oil prices fell due to optimism about a possible end to the Iran Conflict. This led to a fall in bond yields and pressured the dollar. As of 9:05 am EDT (1305 GMT), spot gold was up by 1.7% to $4,505.35 an ounce. U.S. Gold futures for August delivered gained 1.5%, to $4,532.80. The dollar and bond yields have been pushed up by reports of a?deal for a ceasefire between Israel and Lebanon, according to independent metals trader Tai Wong. This has helped gold hold just above the 200-day moving averge....

Gold prices rose Thursday as hopes for a resolution to the Middle East conflict led to a drop in oil and dollar prices, which eased fears of inflation and rate hikes. As of 1156 GMT, spot gold rose 1.7% to $4,506.19 an ounce. U.S. gold for August delivery rose 1.5% to $4533.60. Dollar eased making greenback bullion prices more affordable for holders other currencies. The Trump administration announced on Wednesday that Israel and Lebanon had agreed to implement a truce to end hostilities. This boosted?hopes of a broader agreement to end the U.S. - Israeli war against Iran. The Republican-led...

The gold price rose?on Thursday as a result of lower?oil prices and a 'weaker dollar. Investors reassessed renewed expectations regarding a U.S. - Israel war against Iran. As of 0408 GMT, spot gold rose 0.7% to $4,464.69 an ounce. U.S. gold for August delivery rose 0.6% to $4491.70. Dollar eased making greenback bullion prices more affordable for holders other currencies. Gold's gains are still heavily dependent on oil and the dollar. It only rises when they retreat, so it is highly dependent on the positive U.S. Iran headlines to sustain any momentum," said Tim Waterer, Chief Market Analyst at KCM...

Gold prices rose on 'Thursday', supported by lower crude oil prices and a weakened?dollar as investors reassessed renewed expectations of a resolution to U.S.-Israeli conflict with Iran. As of 0218 GMT, spot gold rose 0.7% to $4,461.09 an ounce. U.S. Gold Futures for August Delivery gained 0.5%, to $4487.90. Dollar eased making greenback bullion prices more affordable for holders other currencies. Gold's gains remain largely at the mercy of the dollar and oil. It only rises when they pull back. This makes it dependent on positive U.S. - Iran headlines to sustain momentum, said Tim Waterer. The Trump administration announced...

Steel industry association 'Eurofer' said that EU steel exports have dropped by 34% to the U.S. since Washington raised tariffs from 25% to 50%. Higher duties on derivatives such as motorbikes and washing machines also hit European demand. Steel exports into the U.S. have fallen to 1,94 million metric tonnes in the last three quarters, since the Trump Administration doubled import tariffs for steel and aluminum from 25% to 50% a year earlier. Eurofer reported that in 2025 European Union producers will export 3.4 million tons of products to the United States, up from 4.1 million in 2024 and 4.7...