This ties back to the earlier headlines that the US is making some inroads to help guide ships out of the Strait of Hormuz. The UKMTO has confirmed that but reaffirms that security level in the Strait of Hormuz remains critical at this stage. That as ongoing regional military operations are still proceeding as per […]
Wall Street shrugs off oil shock United States (US) equity markets closed mixed on Friday, with the S&P 500 and the Nasdaq 100 hitting fresh record highs on the back of strong corporate earnings and artificial intelligence (AI) enthusiasm reaching fever pitch. Meanwhile, the Dow Jones finished modestly lower. For the week, the S&P 500 (+0.91%) and Nasdaq
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
Japan likely spent up to $35bn intervening to support the yen, but Barclays warns depreciation pressure will persist over the medium term as Iran war energy costs weigh. Summary: The dollar had its largest weekly loss against the yen since February after Japan was reported to have intervened in foreign exchange markets, according to Reuters
President Trump announced on Sunday that the United States would begin coordinating the movement of commercial vessels out of the Strait of Hormuz, launching an initiative he called Project Freedom and describing it as a humanitarian gesture toward neutral countries whose ships have been stranded by the conflict between Washington and Tehran. Wall Street Journal
Opec+ will raise output by 188,000 bpd in June, but the move is largely symbolic while the Strait of Hormuz remains closed following the US-Israel attack on Iran in late February. Summary: Opec+ nations including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed to raise crude output by 188,000 bpd in June The
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
Sun: OPEC+ Mon: Holiday: UK May Bank Holiday, Holiday: Japan’s Greenery Day, Turkish Inflation (Apr), Global Manufacturing PMI (Apr), US Factory Orders (Mar) Tue: RBA Policy Announcement (May), BCB Minutes (Apr), Holiday: Japan’s Children’s Day, Swiss Inflation (Apr), US Building Permits Final (Mar), Canadian Balance of Trade (Mar), Canadian PMI (Apr), US PMI Final (Apr),
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside ahead. Technically and fundamentally, Dollar is now skating on thin ice, with recent price action suggesting the near-term rebound has
‘, buttonPrevHTML: ”, }; function adaptBreadcrumbs() { let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’); for(i = 0; i < breadcrumbs.length; i++) { let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’); let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’); if(btns && btns.children && btns.children.length) { if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) { title.style=”flex-grow:1;”; } else { title.style=”flex-grow:0;”; } } else { title.style=”flex-grow:1;”;
Markets: S&P 500 up 0.3% Gold down $7 to $4615 US 10-year yields down 1.8 bps to 4.37% WTI crude oil down $2.68 to $102.68 USD leads, JPY lags It’s Friday, so there is the usual angst about Trump escalating the Middle East war. That led to some late selling in equities and some buying
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Semafor reports: President Donald Trump notified Hill leaders on Friday, the 60th day of the Iran war, that US hostilities with Tehran are over — for now — and thus don’t need congressional authorization. There is some confusion about what the War Powers Act as it says the president needs to seek authorization from Congress
Global markets will continue to track developments around a potential new round of US–Iran talks, with equities, bonds, currencies, and energy-intensive commodities still moving largely in step with oil prices. On the data front, the US labor market remains in focus: the nonfarm payrolls report will headline the calendar, alongside the JOLTS job openings figures
Well this is worrisome: Not satisfied with Iran’s latest proposal Not sure we’re going to get a deal We’re negotiating by phone I just had a conversation with Iran We now have talks going on, they’re not getting there options: either blast them away or make a deal, when this war ends oil, gas and
