economic · economic

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Global Market Today: Asian stocks recover as chips rebound, oil dips

S7

Asian stocks advanced, recovering from recent losses as chip shares stabilized. Megacap technology earnings are anticipated this week, influencing market direction. Geopolitical tensions in the Middle East and trade concerns are creating investor caution. Elevated oil prices and escalating regional conflicts add to market uncertainty. Investors await corporate results and de-escalation for market rebounds.

scenario pending8 days ago

economic · economic

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Rupee hits two-month low despite RBI intervention as crude oil surge weighs

S7

The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are fueling inflation concerns across the economy. The market anticipates continued volatility influenced by oil and dollar strength. The Reserve Bank of India is expected to intervene further to support the rupee.

scenario pending8 days ago

economic · economic

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Trump imposes 50% tariffs on Canadian goods, citing disputes over cars, alcohol and cheese

S7

US President Donald Trump on Monday imposed 50 per cent tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American cars, alcohol and dairy products. The move could unleash a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before Trump’s return to the White House. The administration official previewing the action said that Canada was one of the only nations...

scenario pending8 days ago

economic · economic

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Trump signs order imposing new 50% tariffs on certain Canadian goods

S7

US President Donald Trump signed orders on Monday imposing new 50% tariffs on some Canadian goods, citing what the White House called Canada's "discriminatory treatment" of US alcohol, automobiles and dairy products. The tariffs take effect in 30 days, with energy, potash and sector-specific imports exempted, the White House said.

scenario pending8 days ago

economic · economic

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Trump signs order imposing new 50% tariffs on certain Canadian goods

S7

US President Donald Trump signed orders on Monday imposing new 50% tariffs on some Canadian goods, citing what the White House called Canada's "discriminatory treatment" of US alcohol, automobiles and dairy products. The tariffs take effect in 30 days, with energy, potash and sector-specific imports exempted, the White House said.

scenario pending8 days ago

economic · economic

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China won’t waste its reserves to cushion oil price impact of Iran war

S7

Oil prices are set to rise once more as renewed US attacks on Iran leave the Strait of Hormuz, a major artery of oil trade, closed again. With US strategic petroleum reserves at their lowest in over 40 years, America will have trouble keeping oil prices below US$100 a barrel, as it has mostly done in the war so far. Analysts warn that sustained oil prices above US$100 risk accelerating inflation, depressing consumption and inviting recession. They have also turned their attention to China and...

scenario pending8 days ago

economic · economic

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The War, the Oil Crisis and American Politics

S7

According to people who follow the oil trade closely, we are entering the point at which the oil buffer of global reserves is reaching its limits. In layman’s terms, this means oil prices are soaring as an actual lack of oil starts to be a real possibility. This is, of course, due to the war in Iran. Iran’s strategy in the war has been clear: closing the Strait of Hormuz to create an economic crisis. The military imperative was to cause a political crisis in the United States; the global economic crisis was collateral damage. Since World War II, U.S. […] The post The War, the Oil Crisis and American Politics appeared first on Geopolitical Futures .

scenario pending8 days ago

economic · economic

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Why is market falling today? Sensex drops 600 points, Nifty below 24,200. 4 factors behind the selloff

S7

Indian stock markets traded lower on Monday, impacted by Iran-US tensions. Sensex and Nifty experienced significant declines, reflecting investor concerns over rising oil prices. Tech Mahindra and Bharti Airtel shares saw gains, while Axis and HDFC Bank shares dropped. Broader markets also traded with marginal losses, with private banks leading the decline. Despite the overall dip, market breadth showed a slightly positive trend with more advances than declines.

scenario pending9 days ago

economic · economic

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Gold slips as oil prices advance, Fed rate-hike voices grow

S7

Gold prices dropped on Monday as Middle East tensions escalated significantly. Brent crude oil surpassed ninety dollars a barrel, increasing inflation worries. Several U.S. Federal Reserve officials indicated potential interest rate hikes are necessary. Asian share markets showed hesitation ahead of major technology company earnings reports. Consumer sentiment saw a temporary boost, but rising oil prices may reverse this trend.

scenario pending9 days ago

economic · economic

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Dollar firmer as US-Iran conflict intensifies, Brent hits $90

S7

The dollar strengthened against global peers as Middle East tensions escalated. Oil prices surged and investor confidence remained fragile after last week's market turbulence. Geopolitical concerns and semiconductor valuation worries weighed on market sentiment. Federal Reserve officials are debating potential interest rate increases to combat inflation. Cryptocurrencies like bitcoin and ether saw modest gains in early trading.

scenario pending9 days ago

economic · economic

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England’s 13 men thwart Argentina comeback in controversial finale

S7

Argentina 24-31 England Visitors run in five tries; hosts denied late score by TMO It has been a long season but England’s well-travelled players can finally head to the beach with some degree of satisfaction. Spurred on by a fine performance from the wing Immanuel Feyi-Waboso, they had to weather a frantic finale to complete an eventful five-try win over Argentina, thus denying their hosts a notable sporting double over their English amigos this week. Reduced to 13 and briefly 12 men at stages in the second half, with four players sent to the sin-bin along the way, they were ultimately indebted to Marcus Smith and Feyi-Waboso for all-important tries in the final quarter, along with a brace of first-half scores for Ben Earl. England also had to defend stoutly at times, with Ollie Chessum, Ellis Genge and Joe Heyes all showing up remarkably well at the fag end of an energy-sapping campaign. Continue reading...

scenario pending10 days ago
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