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US-Iran-Israel Tensions, International Crude Oil Prices Surge in Early Trading
TradingKey - At 8:30 AM Beijing Time, international crude oil prices surged, with WTI crude futures breaking above $95 per barrel and Brent crude futures climbing to $102 per barrel. Intraday gains expanded to 1.4%, as geopolitical tensions served as the primary driver for the upward movement in oil prices.
TradingKey
Tue, Mar 17
Gold Steady as Investors Await Central Bank Decisions, Weigh Mideast Risks
March 17 (Reuters) - Gold prices were largely steady on Tuesday as investors stayed on the sidelines, weighing the economic fallout from the conflict in the Middle East ahead of a slew of central bank policy decisions this week.Reuters
Tue, Mar 17
Japanese Yen Weakens as Usd Strengthens, Intervention Looms
USD/JPY recovers losses from the previous session, trading near 159.40 during Asian hours on Tuesday. However, the upside of the pair may be limited as the Japanese Yen (JPY) could find support from potential intervention by Japanese authorities.
Fxstreet
Tue, Mar 17
SK Group Chairman Says Wafer Shortage to Last Until 2030, Trying to Stabilise Memory Prices
SAN JOSE, California, March 16 (Reuters) - South Korea's SK Group Chairman Chey Tae-won said on Monday the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply.Reuters
Tue, Mar 17
US Says 10% of Airport Security Officers Did Not Work Sunday Amid Shutdown
WASHINGTON, March 16 (Reuters) - The Trump administration said just over 10% of Transportation Security Administration airport security officers on Sunday did not show up for work as a partial government shutdown stretches to 30 days, showing no end in sight.Reuters
Tue, Mar 17
Samsung Workers' Strike Plan Would Disrupt Chip Supply, Union Chief Says
PYEONGTAEK, South Korea, March 17 (Reuters) - The biggest workers' union at South Korea's Samsung Electronics 005930.KS has threatened to disrupt chip production as members vote on a plan to strike in May, its leader told Reuters.Reuters
Tue, Mar 17
US STOCKS-Wall Street Ends Higher as Traders Return to AI Stocks
March 16 (Reuters) - Wall Street ended sharply higher on Monday, fueled by gains in AI-related stocks, with Meta Platforms climbing after a report that it is preparing for sweeping layoffs, while oil prices retreated amid ongoing uncertainty about the Middle East conflict.Reuters
Tue, Mar 17
Bitcoin Hits 40-day High as US-iran Tensions Trigger $113m in Short Liquidations
A potential US military strike on Iran’s main oil export terminal helped push Bitcoin to its highest price in over a month Monday, as traders poured money into crypto while pulling back from stocks. Related ReadingNewsBTC
Tue, Mar 17
US Average Diesel Prices Cross $5 a Gallon as Middle East War Tests Global Economy
NEW YORK, March 16 (Reuters) - U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy.Reuters
Tue, Mar 17
Disputes with China won't be to blame if Trump delays summit with Xi, Bessent says
Bessent, Greer say Paris talks affirm stable US-China relationshipUS, China conclude trade talks aimed at teeing up deals for Trump and XiNew US unfair trade probes a source of tension in talks US, China seek to explore new ways to manage trade, investmentsBy David Lawder and Elizabeth Howcroft P...Reuters
Mon, Mar 16
Trump Pledges ‘Escort,’ Three Major US Stock Indexes Continue to Rise, BTC Rise Boosts Crypto Concept Stocks, Strategy Opens Up Nearly 5%.
TradingKey - At 9:30 AM ET, the three major U.S. stock index futures rose collectively in pre-market trading. This follows Donald Trump’s promise of "escorts" and his pressure on NATO allies, warning of "very bad" consequences if NATO fails to assist the U.S. in ensuring normal navigation through the Strait of Hormuz.
Oil falls amid attacks on Gulf export facilities
US in talks with other countries to protect Strait of HormuzBrent, WTI have surged more than 40% this monthUS hit military targets on Iran's Kharg Island oil export hubOil reserves to begin flowing to market soon, IEA saysBy Enes Tunagur LONDON, March 16 (Reuters) - Oil prices fell on Monday ...Reuters
Mon, Mar 16
$27 Billion Poured Into AI Computing. Meta Bets on Nebius Again as Shares Surge 16% Pre-Market.
TradingKey - During Monday's pre-market trading session (ET), tech giant Meta (META.US) reportedly plans to launch a large-scale AI collaboration with Nebius over the next five years, with total spending potentially reaching up to $27 billion. Driven by the news, shares of Nebius (NBIS.US) surged more than 16% at one point.
TradingKey
Mon, Mar 16
Warsh Nomination Faces Hurdles, Powell May Continue as Fed Chair?
TradingKey - New uncertainties have emerged regarding the outlook for U.S. monetary policy. The nomination confirmation process for Kevin Warsh, originally considered a front-runner for the next Federal Reserve Chair, has recently stalled in the Senate. This has sparked market discussions over whether current Chair Jerome Powell might remain in office for an extended period.TradingKey
Mon, Mar 16
