Currencies

SYDNEY/LONDON :World shares nudged up on Monday, with oil prices steadier but holding on to most of last week's increase, as the conflict between Israel and Iran added further uncertainty to the world's economic troubles in a week packed with central bank meetings.The escalation in the Middle East came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Yet there was no sign of panic among investors as currency markets stayed calm and Wall Street stock futures firmed after an early...

SYDNEY/LONDON :World shares nudged up on Monday, helped by oil walking back some of last week's increase, though the conflict between Israel and Iran remained a concern, adding further uncertainty to a week packed with central bank meetings.The escalation in the Middle East came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Iranian missiles struck Israel's Tel Aviv and the port city of Haifa on Monday, killing at least eight people and destroying homes, prompting Israel's defence minister to warn...

MUMBAI: The Indian rupee is set to extend losses at Monday’s open, weighed by fears that the intensifying Israel-Iran conflict is likely to increase oil prices further. Expectations that the Reserve Bank of India (RBI) will step in to curb depreciation pressures amid oil risks may offer some support to the local currency, traders said. The 1-month non-deliverable forward indicated an open in the 86.16-86.20 range, versus 86.08 in the previous session. The Indian currency had slipped to 86.20 on Friday — its weakest level in over two months —...

KUALA LUMPUR, June 16 — The ringgit opened higher against the United States (US) dollar and a basket of currencies, including Asean currencies today, amid cautious sentiment due to escalating geopolitical risks, said an analyst.At 8 am, the local note rose to 4.2365/2600 versus the greenback from Friday’s close of 4.2435/2480.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the market was affected by the Israel-Iran military conflict over the weekend. “Risks of the conflict expanded in scope which underminded US military bases and assets in the...

By Wayne ColeSYDNEY (Reuters) -Asian shares proved resilient on Monday and oil prices rose anew as the conflict between Israel and Iran showed no sign of cooling, adding geopolitical uncertainty to the world's economic troubles in a week packed with central bank meetings.The escalation came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Yet there was no sign of panic among investors as currency markets stayed calm and Wall Street stock futures firmed after an early dip.Oil did add 1%...

By Isla BinnieNEW YORK (Reuters) -Stock indexes closed higher after last week's losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.Oil prices fell after the Wall Street Journal reported Iran was seeking a truce following an attack by Israel on Friday that raised fears of wider conflict, sent oil prices soaring, and weighed on stocks.Sources told Reuters that Iran...

By Wayne Cole and Alun JohnSYDNEY/LONDON (Reuters) -World shares nudged up on Monday, with oil prices steadier but holding on to most of last week's increase, as the conflict between Israel and Iran added further uncertainty to the world's economic troubles in a week packed with central bank meetings.The escalation in the Middle East came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Yet there was no sign of panic among investors as currency markets stayed calm and Wall Street...

By Wayne Cole and Alun JohnSYDNEY/LONDON (Reuters) -World shares nudged up on Monday, helped by oil walking back some of last week's increase, though the conflict between Israel and Iran remained a concern, adding further uncertainty to a week packed with central bank meetings.The escalation in the Middle East came just as Group of Seven leaders were gathering in Canada, with U.S. President Donald Trump's tariffs already straining ties.Iranian missiles struck Israel's Tel Aviv and the port city of Haifa on Monday, killing at least eight people and destroying homes,...

By Isla Binnie and Alun JohnNEW YORK/LONDON (Reuters) -U.S. stock indexes climbed and oil fell from last week's highs on Monday after conflict between Israel and Iran left crude production and exports unaffected, while investors stayed braced for a week packed with central bank meetings.Geopolitics loomed large as Group of Seven leaders began annual talks in Canada. Iranian strikes on Israel and a promise of retaliation were followed by a Wall Street Journal report that Tehran was seeking an end to hostilities, against a backdrop of existing international strains prompted...

By Isla BinnieNEW YORK (Reuters) -Stock indexes stayed higher after last week's losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.Oil prices fell after the Wall Street Journal reported Iran was seeking a truce following a surprise attack from Israel on Friday that raised fears of wider conflict, sent oil soaring, and weighed on stocks.Sources told Reuters that Iran...