U.S. Treasury yields increased across the curve on Tuesday, driven by escalating Middle East tensions. Reports of ceasefire mediation efforts tempered oil prices, but strategists warn government bonds remain vulnerable to energy price shifts and developments in the Iran conflict.
South Korea's industry ministry confirms stable crude oil supply for July-September despite renewed Middle East tensions, including Houthi rebel threats in the Red Sea. The ministry is closely monitoring major shipping routes and has secured sufficient oil.
Spain secured its first World Cup since 2010 by defeating Argentina 1-0 in extra time. Meanwhile, US strikes on Iranian targets continued for a ninth night, leading to three US military personnel deaths and pushing international oil prices above $90 per barrel. The UK also saw Andy Burnham replace Keir Starmer as Prime Minister, and TSMC announced accelerated expansion of its Arizona factory.
U.S. Treasury yields edged higher as escalating tensions in the Middle East, marked by continued U.S. strikes on Iran and Iranian retaliation, influenced markets. Investors are also weighing recent cooler U.S. economic data and anticipate the upcoming S&P Global Flash U.S. PMI report.
Average petrol prices in the United States have risen to $4 per gallon, driven by escalating tensions between the US and Iran in the Middle East. This increase reverses a period of easing costs and could have wider economic implications, impacting groceries and upcoming US midterm elections.
South Korean stocks fell over 4% on Monday, with the KOSPI plunging due to renewed concerns over AI infrastructure spending after a new low-cost Chinese AI model emerged, coupled with escalating U.S.-Iran tensions in the Middle East.
The ASX 200 lifted amid an energy sector rally driven by rising oil prices due to Middle East tensions, defying Wall Street's retreat. Meanwhile, Chinese startup Moonshot unveiled Kimi K3, a massive open-weight AI model claiming parity with US leaders, raising questions about the sustainability of premium US AI valuations.
Seoul's stock market experienced a sharp decline of 9% on Monday, with the KOSPI index falling 669.01 points. Investors sold off technology stocks due to profit-taking and renewed Middle East tensions, while the Korean won weakened against the U.S. dollar.
Seoul shares plummeted 9% on Monday, with the KOSPI index falling 669.01 points to 6,806.93. Investors sold off technology stocks for profit-taking amid renewed Middle East tensions and a weaker Korean won against the U.S. dollar.
The Indian Rupee depreciated 39 paise against the US dollar, opening at 95.72 and falling to 95.77 due to soaring crude oil prices and escalating Middle East tensions. Concerns over global crude supply disruptions, fueled by Iran's actions in the Strait of Hormuz, dampened market sentiment.
South Korea's KOSPI index halted trading for 20 minutes on Monday after plunging over 8% due to renewed Middle East tensions following strikes between the US and Iran over the Strait of Hormuz. This marks the seventh circuit breaker activation this year.
South Korea's Kospi index plunged 7% on Monday due to rising Middle East geopolitical tensions and concerns over AI stock valuations. Oil prices surged, strengthening the US dollar and increasing interest rate hike bets. Tech stocks led the decline in Seoul, with SK Hynix and Samsung Electronics falling sharply.
Seoul shares extended losses late Monday morning, with the KOSPI falling 5.25% to 7,083.41, led by chipmakers. Renewed Middle East tensions between the U.S. and Iran weighed on investor sentiment, contrasting with gains on Wall Street.
Renewed Middle East tensions, including U.S.-Iran military confrontation and disruption of shipments via the Strait of Hormuz, have sent oil prices higher. Meanwhile, AI demand is described as "almost unlimited," though U.S. workers are calling for greater accountability and equitable sharing of AI wealth.
Markets are poised for a week driven by Q1 earnings, inflation data, and Middle East tensions. Key indicators include India's CPI and WPI, US inflation figures, and crude oil prices, alongside FII activity.
Precious metals are expected to remain under pressure due to geopolitical uncertainty in the Middle East, upcoming inflation data, and economic indicators influencing global interest rates. The US-Iran conflict, rising oil prices, and a stronger dollar are key factors.
Russian newspapers focus on Europe becoming a production base for Ukraine's military, intensified US political battles due to Middle East operations, and the global economy adapting to Strait of Hormuz crises. Reports also cover Russia's strengthening ties with Africa and President Trump's stock trading.
Oil prices remained elevated, poised for significant weekly gains despite a slight dip Friday, as Iran's attacks on US military sites in the Middle East heightened supply concerns. The Strait of Hormuz remains a key focus.
The South Korean won weakened against the U.S. dollar on Thursday, trading at 1,506.1 won per dollar, influenced by rising oil prices due to renewed Middle East tensions. Foreign investors' net buying of local stocks provided some offset.
Geopolitical tensions stemming from U.S. President Donald Trump's decision to end the ceasefire with Iran have put India's planned $50 billion in IPOs at risk. Indian markets reacted negatively, highlighting the growing impact of global risks on financial markets.
IMF and other international organizations have issued a statement calling for progress in resolving the Middle East conflict and reopening the Strait of Hormuz, expressing concern over prolonged uncertainty despite falling fuel and fertilizer prices.
President Trump confused Japan for Iran and Putin for Zelensky during a meeting with Ukraine's leader, as US-Iran tensions escalated with military strikes, sanctions, and threats of further action in the Strait of Hormuz.
The IMF warns that renewed Middle East tensions, following the unraveling of a ceasefire between Iran and the U.S., pose the most imminent risk to global economic growth and inflation. The conflict could raise commodity prices, disrupt supply chains, and heighten social unrest, while AI's economic impact remains uncertain.
Le quotazioni del gas naturale sono balzate sopra i 46 euro al MWh dopo un attacco a una petroliera nello Stretto di Hormuz. Le scorte europee superano il 50%, ma l'IEA prevede tensioni sul mercato fino al 2027.
