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Dow falls more than 430 points after Israel strikes Iran, spiking oil prices

Jun 13, 2025 6:07 PM ISTUS Stock Market LIVE Updates: Airline Stocks Slide After Israel-Iran Strikes Shut AirspaceAirline stocks declined around the world on Friday after Israel launched airstrikes across Iran, forcing several countries in the Middle East to close their airspace to commercial flights.   Airlines were the worst-performing sector in Europe, with Air France-KLM, Deutsche Lufthansa AG and British Airways parent IAG SA sliding over 3%. Discount carriers Ryanair Holdings Plc, EasyJet Plc and Wizz Air Holdings Plc posted similar declines. In Asia, Japan Airlines Co. dropped 3.7%,...
Currencies

Currency watch: Rupee closes flat at 85.52 vs dollar, equities crash and oil spike limit gains

The rupee ended nearly unchanged against the US dollar on Thursday, rising just 1 paisa to settle at 85.52, as weakness in the greenback against major currencies offset pressure from a sharp decline in domestic equities and a rise in crude oil prices.At the interbank foreign exchange market, the rupee opened at 85.43 and moved within a narrow range of 85.43 to 85.65 before closing at 85.52, compared to its previous close of 85.53 on Wednesday, reported PTI.Traders said the local unit found some support from global cues after the...
Stock Market

S&P 500 rebounds as Oracle leads tech stocks higher; Trump calls Fed chief Powell ‘numbskull’

Jun 12, 2025 10:23 PM ISTUS Stock Market LIVE Updates: Trump Says US Government Will Get ‘Golden Share’ in US SteelUS President Donald Trump said the US government will retain a “golden share” in United States Steel Corp. after its purchase by Japan’s Nippon Steel Corp.   “We have a golden stock, we have a golden share, which I control, or a president controls,” Trump said Thursday at a White House event. “That gives you total control.”   Shares of US Steel surged as high as $54.13 after Trump’s comments,...
Currencies

Currency Market News: Rupee rises 6 Paise to 85.51 vs dollar

Rupee appreciated by 6 paise to 85.51 against the US dollar in early trade on Wednesday, supported by strong foreign institutional investor (FII) inflows and a dip in global crude oil prices. According to forex traders, the rupee is expected to trade within a range of 85.40 to 90 during the day, with mid-month demand anticipated for oil, defence, and government-related payments. Also Read:Currency Market News: Rupee gains 4 paise to close at 85.62 vs dollar amid strong FII inflows At the interbank foreign exchange market, the rupee opened at...
Currencies

Ringgit opens lower against US dollar as global economic outlook weighs on Asian currencies

KUALA LUMPUR, June 9 — The ringgit opened lower against the US dollar today as the greenback strengthened amid renewed volatility from a challenging global economy outlook for the second half of 2025.At 8.03am, the local note stood at 4.2375/2560 against the greenback, easing from Friday’s close of 4.2270/2360.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to range between 4.23 and 4.24 today, following the stronger-than-expected United States (US) nonfarm payroll (NFP) data for May.He highlighted that the US NFP rose 139,000...
Stock Market

Dow futures up 60 points ahead of jobless claims data, ECB rate decision

Jun 5, 2025 4:04 PM ISTUS Stock Market Live: US Treasury Yields Hold Steady After Sharp Drop on Weak Economic DataUS Treasury yields remained largely unchanged on Thursday after falling sharply the previous day due to weaker-than-expected economic indicators. The 2-year and 10-year yields each rose by less than one basis point, while the 30-year yield was flat at 4.89%. Wednesday’s decline followed data showing a surprise contraction in the services sector in May, with activity falling to 49.9%, below the 52.1% forecast. Additionally, private sector payrolls rose by just...
Stock Market

Dow futures up 80 points ahead of jobless claims data, ECB rate decision

Jun 5, 2025 2:55 PM ISTUS Stock Market Live: How Are Oil Prices FaringOil held a drop on signs Saudi Arabia is seeking another big production increase at next month’s OPEC+ meeting, in a bid for market share that could worsen a glut expected later this year. Brent traded below $65 a barrel after losing 1.2% in the previous session, while West Texas Intermediate was under $63. The kingdom wants the Organization of the Petroleum Exporting Countries and its allies to continue to add at least 411,000 barrels a day...
Stock Market

Dow opens flat after 4 straight gains as weak jobs data weighs on sentiment

US Stock Market LIVE Updates: Futures on Wall Street are pointing towards another positive start for the benchmark indices after the job openings data surprised on the positive side on Tuesday, leading to the indices ending at the day's high. The Dow futures are currently up 75 points, while the S&P 500 and Nasdaq futures are up 10 points and 25 points respectively.US Stock Market LIVE Updates: Futures on Wall Street are pointing towards another positive start for the benchmark indices after the job openings data surprised on the positive...
Currencies

Commentary: The world’s strongest currency is also super-competitive

For more than a decade, it has dominated a UN ranking of the most innovative economies, both for the resources it puts into innovation – for example through practical university education and research and development – and for its returns on these investments.  It generates more than US$100 in GDP per hour worked – that’s more productive than any of the other 20 largest economies. Its decentralised political and economic system encourages the rise of small enterprises, which account for over 99 per cent of Swiss companies. It also has...
Stock Market

Dow futures drop 150 points on tariff uncertainties, geopolitical tensions

Jun 2, 2025 7:15 AM ISTUS Stock Market Live: How Are Oil Prices FaringOil advanced after geopolitical and trade risk increased over the weekend, and as OPEC+ hiked production less than some had feared. Brent crude for August rose as much as 2.1% to $64.09 a barrel, after losing 2.2% last week, while West Texas Intermediate was around $62. Ukraine struck air bases deep in Russia, Iran criticized a report showing its growing stockpiles of enriched uranium, and President Donald Trump said he would be increasing tariffs on steel and...
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