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Today’s Market Recap: Trump Hints US-Iran Basically Over, Crude Oil Plunges, US Stock Market Rebounds
TradingKey - Major U.S. stock indices rebounded collectively on Tuesday, with the S&P 500 rising 0.83%, the Nasdaq Composite gaining 0.81% to 6,794.34, and the Dow Jones Industrial Average climbing 0.50% to 47,740.79. During early Tuesday trading, crude oil futures briefly surged toward $120 per bar
Oil jumps to 2022 high on Iran war, falls after close as Russia sanctions in doubt
Saudi Arabia, OPEC cut supplies amid U.S.-Israeli war with IranTrump weighs easing Russian oil sanctions to lower pricesIran's hardliners rally, complicating peace prospectsBy Scott DiSavino NEW YORK, March 9 (Reuters) - Oil prices jumped about 7% on Monday to settle at their highest sinc...Reuters
Mon, Mar 9
G7 Discusses Releasing Emergency Oil Reserves, Three Major US Stock Index Futures Narrow Losses, Crude Oil Futures Prices Pull Back Sharply
TradingKey - At 9:30 AM ET, futures for the three major US stock indices narrowed their losses. This followed discussions by the G7 (the US, UK, France, Germany, Italy, Japan, and Canada) regarding the release of emergency oil reserves. Following the news, crude oil futures prices retreated sharply to approximately 10%, after previously surging more than 30%.TradingKey
Mon, Mar 9
South Korea to impose fuel price cap to shield economy from energy shock
South Korea seeks alternative energy sources beyond Strait of HormuzMinistry aims for price cap system within this weekLee says 100 trln won market stabilisation programme can be expandedBy Joyce Lee and Kyu-seok Shim SEOUL, March 9 (Reuters) - South Korean President Lee Jae Myung said on Monday ...Reuters
Mon, Mar 9
US STOCKS-Wall St futures slump as Iran war drags on, oil near $120 stokes inflation worries
March 9 (Reuters) - U.S. stock index futures tumbled more than 1% on Monday, while oil prices soared, exacerbating inflation fears as hostilities in the Middle East showed no sign of abating.Reuters
Mon, Mar 9
Asia-Pacific Stocks Slump Again, South Korea Triggers Year’s Third Circuit Breaker Intraday
TradingKey - On March 9, Asia-Pacific stock markets slumped collectively. South Korea's market triggered circuit breakers again during intraday trading, while the Nikkei 225 Index plunged over 7%, falling more than 4,000 points. The Philippine Stock Exchange Index fell over 5% intraday, and both Indonesia's Jakarta Composite Index and Vietnam's Ho Chi Minh Index dropped by more than 4%.TradingKey
Mon, Mar 9
Silver Price Rebounds Nearly 6% in Deep V-Shape After Briefly Dropping Below $80 Mark, Whipsawing Both Longs and Shorts Within the Day
TradingKey - During the Asian trading session, silver faced a market sell-off driven by a strengthening US dollar and market risk appetite. After the open, prices plunged as much as 5.6% before staging a sharp reversal to gain over 0.4%, with intraday volatility exceeding 6%. Gold, also a precious metal, similarly experienced an opening sell-off, dropping nearly 3% at one point.
TradingKey
Mon, Mar 9
International Oil Prices Retreat Rapidly; G-7 to Discuss Emergency Oil Reserve Release
TradingKey - At noon on March 9 Beijing Time, after escalating geopolitical conflicts in the Middle East caused international crude oil prices to surge, the Group of Seven (G7) urgently activated a response mechanism, planning a coordinated release of oil reserves to stabilize prices. Following the news, international oil prices retreated from their highs, with WTI crude’s intraday gain narrowing to 14% and Brent crude’s intraday gain narrowing to 15%.TradingKey
Mon, Mar 9
Silver Price Forecast: XAG/USD drops below $83.00 as inflation fears and strong USD dampen demand
Silver price (XAG/USD) tumbles to near $82.80 during the early European session on Monday. A strengthening US Dollar (USD) and fading expectations for Federal Reserve (Fed) rate cuts exert some selling pressure on the white metal.Fxstreet
Mon, Mar 9
Crude Oil Soars Nearly 30%, Approaching $120 a Barrel
TradingKey - Oil prices surged early on March 9 Beijing time (late March 8 GMT), swinging sharply at elevated levels. Brent crude fluctuated between $106 and $117 a barrel, extending the previous day’s rally with heavy trading volume and reaching its highest range since 2022.TradingKey
Mon, Mar 9
Iran names Khamenei's hardline son Mojtaba as new supreme leader, oil surges
(Reuters) - Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.Reuters
Mon, Mar 9
South Korean Stocks Plunge 7% as Nikkei 225 Hits One-Month Low Below 53,000; Global Indices Slump While Oil Prices Break $100
TradingKey - On Monday, March 9, Japanese and South Korean stock indices plummeted in early trading. South Korea's benchmark KOSPI index plunged 7% at the open, with heavyweights such as Samsung and SK Hynix leading the decline. KOSPI 200 index futures fell 5%, triggering a circuit breaker and a fiv
Silver Price Forecast: XAG/USD seems vulnerable; bears await acceptance below $80.00
Silver (XAG/USD) attracts heavy selling at the start of a new week and drops to a four-day trough during the Asian session. The white metal currently trades around mid-$80.00s, down 4% for the day, and seems vulnerable to slide further.Fxstreet
Mon, Mar 9
