Taiwan

Equity index dips while yields fall; investors wait for inflation prints

An international equities index fell slightly on Tuesday while Treasury yields rose as investors awaited inflation data due later in the week for prospective clues about the outlook for U.S. rate of interest. U.S. Treasury yields turned positive after the latest crop of U.S. financial information. U.S. customer self-confidence all of a sudden enhanced in May amidst optimism about the labor market after degrading for 3 successive months, a survey revealed. Earlier information showed U.S. home price growth slowed greatly in March, most likely as rising mortgage rates weighed on need. Investors are waiting on U.S. inflation information with the
Mining

Battery maker Blue Solutions prepares 2 billion euro gigafactory in France
World shares hold firm, traders wait for inflation prints

World shares held near alltime highs on Tuesday and U.S. Treasury yields ticked lower as financiers awaited inflation information from both sides of the Atlantic due later in the week. Traders were keeping an eye on the shift to a shorter settlement in U.S. trading but there were few significant relocations in advance to the U.S. market open. Financiers in U.S. equities, and other securities, should settle their deals one organization day after the trade rather of 2 from Tuesday. The majority of asset classes, outside products, have been trading in relatively narrow varieties in recent weeks, with major share
Crude Oil

Asia shares push greater, dollar relieves as ECB remarks lift danger hunger
Asia shares inch greater before inflation tests

Asian shares edged higher on Monday as investors braced for a busy week of information which culminates in a key U.S. inflation report that might set the phase for a cut in rate of interest there, albeit not for a couple of months yet. Holidays in the United States and UK made for thin trading ahead of Friday's figures on core individual usage expenditures (PCE), the Federal Reserve's preferred procedure of inflation. Average projections are for an increase of 0.3% in April, keeping the yearly pace at 2.8%, with risks on the downside. Customer and manufacturer price information suggest core
Crude Oil

Wall St rallies, Treasury yields constant ahead of vacation weekend

Wall Street rebounded and Treasury yields paused in the wake of upbeat financial information on Friday as financiers placed themselves ahead of the long U.S. Memorial Day weekend and the unofficial start to summer. The U.S. stock market's bounce-back caps a week in which minutes from the most recent Federal Reserve policy meeting struck a more hawkish-than-expected tone, financial information hinted at the possibility of increasing inflation and megacap chipmaker Nvidia's beat-and-raise revenues report re-ignited financiers' AI fervor. The tech-heavy Nasdaq led all 3 significant U.S. stock indexes higher in a broad-based rally; 10 of the 11 major sectors in
Stocks move as rate concerns damage risk appetite

Energy Markets

Stocks near flat as timing of US rate cuts weighed; copper dives

World stock indexes were almost flat while U.S. Treasury yields rose on Friday as investors attempted to assess the timing of prospective rates of interest cuts by the Federal Reserve this year. The S&P 500 was almost unchanged on the day however on track for gains for the week. Copper surged to a 26-month peak after China announced fresh assistance for its ailing home sector, while nickel rates touched their greatest level considering that August 2023 amid unrest in nickel producer New Caledonia. Information from previously this week revealing softening customer rates in April boosted expectations that the U.S. reserve...

Energy Markets

Stocks drift, China unveils 'historical' steps for property

Global stocks reduced on Friday after Federal Reserve officials hinted U.S. rates of interest might not fall whenever quickly, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered residential or commercial property sector. Data on Wednesday revealed cooling U.S. consumer price inflation, triggering markets to rate in at least 2 Fed rate cuts this year. But the excitement soon blew over as the newest report showed the that U.S. labour market remains tight, while main bankers stay cautious about inflation. Equities are still heading for a gain this week, but...

Energy Markets

Stocks wander, China reveals 'historical' actions for home

Global stocks reduced on Friday after Federal Reserve authorities hinted U.S. rate of interest may not fall at any time quickly, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered home sector. Information on Wednesday revealed cooling US customer price inflation, triggering markets to price in a minimum of 2 rate cuts this year. However the excitement soon fizzled out as the latest report revealed the that U.S. labour market stays tight, while central bankers stay careful about inflation. Equities are still heading for a gain this week, but have...

Energy Markets

Asian stocks reduce on uncertainty over timing of U.S. rate cuts

Asian stocks inched lower on Friday as traders pondered the near term U.S. monetary policy course after Federal Reserve officials recommended that interest rates might need to remain greater for longer even as inflation shows early signs of relieving. Information on Wednesday showed cooling U.S. customer cost inflation, triggering markets to swiftly price in at least 2 rate cuts this year however the excitement soon fizzled out as the most current report showed the labour market stays tight, while main lenders were still cautious about inflation. Traders are pricing in 47 basis points of relieving this year from the Fed,...

Energy Markets

Stocks increase, dollar alleviates ahead of US inflation report

Asian stocks rose on Wednesday while the dollar wandered lower as traders weighed combined U.S. manufacturer cost information and braced for the vital customer price report later in the day that is most likely to influence the Federal Reserve's nearterm policy course. European bourses also looked set for a higher open, with Eurostoxx 50 futures up 0.28%, German DAX futures 0.29% higher and FTSE futures 0.45% advanced. MSCI's broadest index of Asia-Pacific shares outside Japan increased 0.65%, scaling a fresh 15-month high and taking its gains to 4% so far this month. Japan's Nikkei innovative 0.58%. Information over night revealed...

Energy Markets

World shares little changed ahead of US inflation data

World shares marked time on Tuesday and were still simply shy of record highs ahead of extremely expected U.S. inflation information, while Japanese bonds were squeezed as the reserve bank pulled back a little on its bond buying programme. MSCI's world share index was flat on the day however stayed just 0.35% listed below mid-March's all time high. National and region-wide share criteria in Europe, lots of at or around record area, were constant, as were U.S. S&P 500 futures. A broadly favorable first quarter-earnings season has actually helped stock exchange in recent weeks, however investors today have actually been...

Energy Markets

Asia shares rise on rate cut bets; Aussie slips on RBA

Asian shares made 15month highs on Tuesday on restored confidence of U.S. rate of interest cuts, while a weaker yen and a small dip in the Australian dollar kept the dollar steady. Australia's central bank left rates of interest on hold, as anticipated, but the Aussie dollar slipped about 0.4% and the Australian stock exchange rose as policymakers did not enhance assistance around the threat of another rate walking. In Hong Kong the Hang Seng was set to snap a 10-day winning streak with a 0.9% loss, though markets in Taiwan and South Korea were all higher. MSCI's broadest index...

Energy Markets

Asia shares rise on rate cut bets; Aussie slips on RBA

World shares climb on Fed cut bets, China gains; yen deteriorates

International stocks ticked greater on restored bets that the Federal Reserve would likely ease interest rates this year, while the yen deteriorated after a. strong surge recently from Tokyo's suspected currency. intervention. With the UK and Japan on public vacations, markets in. mainland China and Europe left to a positive start, with. Friday's softer-than-anticipated U.S. tasks report underpinning. belief by restoring market rate-cut bets. Europe's broadest stock index increased 0.4% while S&P. 500 and Nasdaq futures added 0.2% each in a. favorable sign for the Wall Street open later on. Oil prices were also in focus on the prospects of...

Asia shares rally on Fed cut bets; yen pares gains

Asian stocks increased on Monday on renewed bets that the Federal Reserve would likely alleviate rates this year, while the yen deteriorated after a strong rise recently from Tokyo's suspected currency intervention. Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break. MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's. blue-chip index got 1.4%. Chinese shares offshore published strong gains recently while. mainland markets were closed from Wednesday to Friday for the. Labour Day holiday....

Financiers bet weaker U.S. payrolls stimulate more Fed rate cuts

Global shares rose on Friday as investors bet that news of slowerthanexpected U.S. nonfarm payrolls tasks development would give the Federal Reserve more reason to cut rate of interest later on in the year. U.S. rates of interest futures priced in two cuts of 25 basis points each this year, possibly starting in September, compared with just one cut being forecast before the jobs numbers were launched ahead of Wall Street's opening bell. The information also sent U.S. stock futures sharply higher, developing on a currently bullish state of mind after news of Apple's record $110 billion share buyback. A...

Asian stocks rise on tech boost; yen extends gains to top wild week

Asian stocks rallied on Friday after Apple's record $110 billion share buyback strategy raised the tech sector, while the yen put more range from recent 34year lows to top a turbulent week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regional trading activity is most likely to be subdued as traders expect the U.S. nonfarm payrolls information later on in the day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5% and was set for a 2nd straight week of gains. Hong Kong's Hang Seng Index increased 2% greater, on course...

Shares increase, yen surges on thought intervention

The yen jumped dramatically against its peers on Monday after it moved previous 160 per dollar previously in the session, with traders pointing out dollar-selling intervention by Japanese banks. On the other hand, European stocks and U.S. futures rose as investors looked towards the Federal Reserve's newest decision on Wednesday and U.S. tasks information on Friday. The Japanese currency reinforced about 2%. from the preliminary 159 per dollar level in a matter of a few. minutes during Asia hours, as some traders said they had actually seen. selling of dollars onshore. The quick relocation came simply a few hours after...

Oil & Gas

Oil & Gas Exploration

Solomon Islands chooses China-friendly Manele as new prime minister

Solomon Islands lawmakers chosen Jeremiah Manele as their new prime minister on Thursday, raising the previous foreign minister who has pledged to continue the Pacific Island country's worldwide policy that drew it closer to China. Manele won 31 votes to Opposition leader Matthew Wales' 18 votes in the 50-seat parliament, Guv General Sir David Vunagi announced outside parliament house. A nationwide election last month saw incumbent Prime Minister Manasseh Sogavare's federal government lose half of its seats but failed to provide a bulk to any political celebration. The federal government and opposition celebrations lobbied intensively for weeks to win assistance...

Oil & Gas

Is China stockpiling oil and other resources in case of future war?: Peter Apps

In the eastern Chinese port of Dongying, the start of 2024 has actually typically seen a number of tankers docked all at once discharging Russian crude oil into a new 31.5 million barrel storage facility finished late last year. It is, traders say, all part of a concerted and intentional Chinese effort to build up strategic stockpiles for a possibly unpredictable future. Estimates of China's total strategic energy reserve differ from 280 to 400 million barrels, the upper quantity exceeding the U.S. Strategic Petroleum Reserve at roughly 364 million. China takes in some 14 million barrels a day of oil...

Oil & Gas Exploration

Tape exports deplete United States gas stocks and assistance prices: Kemp

U.S. lp inventories and costs are progressively figured out by the state of commercial demand in North East Asia and trade relations with China rather than weather condition and usage in your home. In spite of an incredibly moderate winter that depressed domestic intake, exports diminished record stocks at the start of October to something much more detailed to regular by the end of March Lp and propylene inventories ended the winter on March. 31 around 5 million barrels (+10% or +0.48 standard deviations). above the previous 10-year seasonal average. The surplus was down from 13 million barrels (+15% or...

Oil & Gas

Taiwan's FPCC resumes Mailiao refinery port, restarts a crude system after quake

Taiwan's Formosa Petrochemical (FPCC) has actually restarted operations at the port at its Mailiao oil refinery after closing it as a. precautionary step following an effective earthquake, a business. representative stated on Wednesday. FPCC has likewise restarted operations at an unrefined distillation. system (CDU) at Mailiao, business representative K.Y. Lin stated. There was no major influence on the refinery. One CDU tripped,. and currently resumed operation this afternoon, said Lin. The port was closed as a preventive step, and it. resumed at twelve noon, Lin added, stating that there will not be any. delivering delay due to the earthquake that...

Oil & Gas

ASML Q1 bookings miss projection, but China sales hold up

ASML, the largest supplier of devices to computer system chip makers, reported weaker than anticipated firstquarter brand-new bookings on Wednesday, Sales to China held up despite U.S.led limitations. Shares in Europe's greatest tech company, which had actually increased 34%. this year, were down 4.5% to 872.50 euros at 1240 GMT. The Dutch group is seeing a lull in demand for its the majority of. sophisticated machines, however preparing for a strong 2025 due to. need for AI and memory chips, consisting of from top consumer TSMC. of Taiwan, which makes chips for Nvidia and Apple. ASML controls the marketplace for...

Oil & Gas

Foreign financial investment in Germany reaches new record

Foreign business announced record levels of brand-new investment in Germany last year regardless of the economic recession and high energy prices, according to an analysis released on Tuesday by the federal advancement agency Germany Trade and Invest (GTAI). In 2023, commitments for brand-new facilities and expansions totalled 34.8 billion euros ($ 37.53 billion), surpassing the previous record level of 25.3 billion euros in 2022 by more than a third. The level of investment has actually increased visibly, Achim Hartig, handling director of GTAI, told . THE BIGGEST JOBS Eight tasks had a volume in the billions. Number one is the...

Fossil Fuels

Australia's Carnarvon Energy looks for quotes for business or asset sale, file programs

Australian oil and gas explorer Carnarvon Energy is seeking a purchaser for the company or its properties, including its share in the Dorado oil field coowned with regional manufacturer Santos, a file prepared by adviser JPMorgan showed. The company's strategic review, dubbed Job Stargazer, will likewise consider mergers and other combinations, according to the document being dispersed to prospective purchasers seen by . Carnarvon CEO Philip Huizenga said the company was exploring options with JPMorgan to return value to shareholders even as it continued to pursue the development of Dorado and push towards a. final financial investment decision by the...

Fossil Fuels

Investors hold fire ahead of United States payrolls

Financiers hunkered down on Friday ahead of essential U.S. nonfarm payroll numbers that could shift bets on when the Federal Reserve will begin cutting rates. U.S. stock index futures acquired after news of Apple's record $110 billion share buyback, however the jobs figures due at 1230 GMT are set to form financier sentiment throughout assets. The yen recovering from 34-year lows was the focus in Asia, capping a tumultuous week that saw thought intervention from Japanese authorities, leaving the dollar on the back foot. Asian shares surged to their highest in 15 months on Friday, led by tech and Hong...

Fossil Fuels

Philippines' PXP Energy eyes petroleum obstructs in non-disputed locations

Philippine petroleum business PXP Energy Corp will take part in a federal government auction of energy reserves in the nation's western and southern waters that are not declared by China, its chairman said on Monday. PXP Energy holds the rights to check out Reed Bank in the South China Sea, thought to be a resource-rich location which China claims as its own. Territorial disputes and legal differences have actually stalled PXP Energy's explorations for years. PXP Energy Chairman Manuel Pangilinan stated the business plans to instead to take part in an energy ministry auction revealed in February covering eight projects....

Crude Oil

International shares rally on rate cut hopes; yen damages

A gauge of global stock exchange increased on Monday on optimism that major central banks will cut rate of interest this year, while the yen weakened against the dollar after a rise last week from Japan's. presumed currency intervention. Stocks on both sides of the Atlantic advanced, and in Asia. too, as a softer-than-expected U.S. labor market report last. week led traders to revive bets that the Federal Reserve would. ease financial policy as early as September. The dollar index, a procedure of the U.S. currency. versus 6 significant trading peers, was lower for a fourth straight. session after data...

International shares acquire on rate cut bets; yen weakens

A gauge of global stock exchange increased on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a strong rise recently from Japan's. presumed currency intervention. Stocks on both sides of the Atlantic rose, with the three. major indices on Wall Street in the green as a. softer-than-expected U.S. labor market report recently slashed. bets that the Federal Reserve might hike rates this year. The dollar index, a step of the U.S. currency. against six major trading peers, was lower for a fourth straight. session after information revealed...

REFILE-World shares climb on Fed cut bets, China gains; yen deteriorates

U.S. stocks wanted to open greater on restored bets that the Federal Reserve would likely ease rates of interest this year, while the yen deteriorated after a. strong rise last week from Tokyo's suspected currency. intervention. Futures remained resilient with the S&P 500 adding 0.3%. and Nasdaq futures ticking up 0.2% each in a favorable. indication for the Wall Street open later after Friday's U.S. nonfarm payrolls report reignited hopes of a soft landing for. the U.S. economy. They likewise reinforced bets Fed rate cuts would more than likely. come this year, after Chair Jerome Powell likewise kept the. reserve...

CORRECTED-Shares head for regular monthly loss in action-packed week

International shares headed for their very first monthly loss in six months on Tuesday ahead of a. multitude of financial information, profits and the U.S. Federal Reserve's. policy conference, while the yen deteriorated a day after believed. intervention raised it from 34year lows. The MSCI All-World index was last up 0.1% on. the day, driven by gains in Europe and carrying some of the. favorable momentum from a rally on Wall Street the day previously. However the index is heading for a loss of 2.2% in April, its worst. month-to-month performance because October. In Europe, investors digested revenues from some...

Stocks in Asia increase, yen wobbles after unstable start to week

Asian stocks inched greater on Tuesday as financiers awaited a multitude of financial information, business profits and the U.S. Federal Reserve's policy meeting, while the yen was slightly weaker a day after thought intervention rescued it from 34year lows. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.36% higher, set to clock in an almost 1%. gain for the month, its 3rd straight month of gains. Nikkei. increased 1% as Japan resumed after a vacation on Monday. China stocks were mixed in early trading with the blue-chip. index relieving 0.07%, while Hong Kong's Hang Seng index. was up 0.5%....

Yen leaps, Asia shares increase as Fed looms big

The yen jumped greatly on Monday after it moved past 160 per dollar previously in the session, resulting in speculation that Tokyo might have stepped in in the currency market while the nation was out for a holiday. The yen enhanced about 2% from the preliminary 159 per dollar level in a matter of a few minutes during Asia hours, as some traders said selling of dollars was seen onshore. The rapid relocation came just a couple of hours after the yen tumbled to the weaker side of 160 per dollar for the very first time in 34-years. The relocation...

Oil & Gas Refining

Bear market for diesel spells fresh problems for oil

Revenue margins for diesel are slumping as brand-new refineries boost supplies and as mild weather condition in the northern hemisphere and slow economic activity eat into demand, putting oil costs under further down pressure. The lower refining margins for diesel, one of the world's. crucial industrial and transportation fuels, have already triggered some. refiners in Asia to cut the volume of crude oil they process to. decrease their diesel output. Weaker demand has actually seen petroleum rates fall dramatically in. recent weeks and OPEC+ manufacturers fulfill in early June to choose. the fate of a series of supply cuts concurred...

Taiwan

Equity index dips while yields fall; investors wait for inflation prints

Battery maker Blue Solutions prepares 2 billion euro gigafactory in France

World shares hold firm, traders wait for inflation prints

Asia shares push greater, dollar relieves as ECB remarks lift danger hunger

Asia shares inch greater before inflation tests

Wall St rallies, Treasury yields constant ahead of vacation weekend

Stocks move as rate concerns damage risk appetite

Stocks near flat as timing of US rate cuts weighed; copper dives

Stocks drift, China unveils 'historical' steps for property

Stocks wander, China reveals 'historical' actions for home

Asian stocks reduce on uncertainty over timing of U.S. rate cuts

Stocks increase, dollar alleviates ahead of US inflation report

World shares little changed ahead of US inflation data

Asia shares rise on rate cut bets; Aussie slips on RBA

Philippines prompts China to enable analysis of challenged South China Sea shoal

United States stocks mixed, Treasury yields dip ahead of Fed; crypto climbs up

China state stockpiler intends to buy up to 15,000 T of cobalt, sources state

Wall Street blended as Nvidia increases Nasdaq, investors mull rate outlook

Stocks hitch a ride higher with Nvidia; financiers mull rate outlook

Stocks discover inflation jitters, balancing out high Nvidia hopes

Stocks slip on inflation jitters, balancing out Nvidia hopes

Energy Markets

Asia shares rise on rate cut bets; Aussie slips on RBA

World shares climb on Fed cut bets, China gains; yen deteriorates

Asia shares rally on Fed cut bets; yen pares gains

Financiers bet weaker U.S. payrolls stimulate more Fed rate cuts

Asian stocks rise on tech boost; yen extends gains to top wild week

Shares increase, yen surges on thought intervention

Oil & Gas

Solomon Islands chooses China-friendly Manele as new prime minister

Is China stockpiling oil and other resources in case of future war?: Peter Apps

Tape exports deplete United States gas stocks and assistance prices: Kemp

Taiwan's FPCC resumes Mailiao refinery port, restarts a crude system after quake

ASML Q1 bookings miss projection, but China sales hold up

Foreign financial investment in Germany reaches new record

Fossil Fuels

Australia's Carnarvon Energy looks for quotes for business or asset sale, file programs

Investors hold fire ahead of United States payrolls

Philippines' PXP Energy eyes petroleum obstructs in non-disputed locations

Crude Oil

International shares rally on rate cut hopes; yen damages

International shares acquire on rate cut bets; yen weakens

REFILE-World shares climb on Fed cut bets, China gains; yen deteriorates

CORRECTED-Shares head for regular monthly loss in action-packed week

Stocks in Asia increase, yen wobbles after unstable start to week

Yen leaps, Asia shares increase as Fed looms big

Oil & Gas Refining

Bear market for diesel spells fresh problems for oil