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ISTANBUL Oil prices edged up on Monday as investors sought to take advantage of last week's declines, while a weaker US dollar supported demand.International benchmark Brent crude rose by 0.37%, trading at $66.58 per barrel at 10.32 a.m. local time (0732 GMT), up from $66.33 at the previous session's close.Similarly, US benchmark West Texas Intermediate (WTI) increased by about 0.26%, reaching $64.71 per barrel, compared to $64.54 in the prior session.Prices posted their sharpest weekly decline since March 2023 last week as geopolitical tensions in the Middle East eased. However,...

US stock futures jumped on Tuesday, while oil prices slumped amid hopes that a US-brokered ceasefire between Israel and Iran could lay the groundwork for a more permanent end to hostilities. Dow Jones Industrial Average futures (YM=F) rose 0.7%, while those on the S&P 500 (ES=F) moved up roughly 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the advance, up 1%. A relief rally is building amid hopes for a lasting end to a 12-day-old conflict that has spooked markets with its risks of squeezed oil supply and escalation...

Wall Street is closely watching escalating tensions in the Middle East after President Trump confirmed that the US launched a surprise strike on Iran’s nuclear sites late Saturday, marking the country’s official entry into the two-week-old conflict. Markets have held mostly steady in the aftermath of the escalation, although US stock futures fell across the board when trading opened Sunday evening. Additionally, bitcoin (BTC-USD) prices, often viewed as a barometer of risk appetite, dropped over 1.6% to trade around $100,500 a coin. WTI crude (CL=F) and Brent (BZ=F) futures jumped,...

KUALA LUMPUR, June 23 — The ringgit opened higher against the US dollar and a basket of major currencies on Monday despite a strong US Dollar Index (DXY) as ongoing geopolitical tensions, with the United States’ (US) involvement in the Israel-Iran conflict, in focus, said an analyst.At 8 am, the local note rose to 4.2420/2655 against the greenback from Friday’s close of 4.2505/2565.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said there are fears of a wider conflagration in the region as the US announced “successful” airstrikes...

The currencies of several major Asian oil importers are ripe for depreciation with the spike in international crude oil prices, analysts at Barclays said on Tuesday. The surge in oil prices in recent days “implies risks for most Asian FX in the near term, especially if oil prices move even higher in the event of a potential escalation in the conflict,” Barclays’ analysts wrote in a note to clients carried by Bloomberg. Thailand’s baht, the Taiwanese dollar, and the Korean won are the Asian currencies most at risk of depreciation, according to...

Sensex Today | Stock Market LIVE Updates:  At the halfway mark, the indices were largely trading with minimal movement. The Nifty index is trading under the 24,900 mark with a decline of around 80 points. The Sensex index was no different, as the index was also trading with a dip of above 275 points. The Sensex index also opened on a cautious note, only to dip by 150.18.   After a large trade, the shares of Vishal Mega Mart declined by over 8%.Sensex Today | Stock Market LIVE Updates:  At...

Sensex Today | Stock Market LIVE Updates: After starting the day on a relatively positive note, the Indian markets quickly fell into the red, amid rising global uncertainties. After opening in green, the Nifty 50 declined by over 70 points, dropping below 24,900. The Sensex index also opened on a cautious note, only to dip by 150.18.   After a large trade, the shares of Vishal Mega Mart declined by over 8%.Sensex Today | Stock Market LIVE Updates:  After starting the day on a relatively positive note, the Indian...

Sensex Today | Stock Market LIVE Updates:  Israel carried out a 'preemptive' strike on Iran, as explosions were heard in Tehran. As a result of this major escalation in the Middle East, the markets have been pushed into a state of chaos. The GIFT Nifty fell by over 300 points, indicating a negative start to the day's trade.Sensex Today | Stock Market LIVE Updates:The Indian markets opened in deep red with major cuts on the last day of the trading week. The Nifty index declined by over 400 points, crumbling...

Israel has attacked Iran in the largest recent escalation of tensions in the region. Markets reacted swiftly to the news, with the three major gauges all plunging over 1%. Gold (GC=F) and oil prices surged with investors scurrying to safer assets, hoping to avoid the worst of a financial shake up. Iran is the third largest producer of oil within OPEC+, and the attack has caused prices to surge over 5%. Brent crude (BZ=F) futures jumped 5.5% to $73.27 a barrel while West Texas Intermediate surged 5.9% to $72.05 a...