Analysis: Indices

Oil settles 1% lower after US data shows large builds in fuel stocks

Oil prices settled down just over 1% on Wednesday after U.S. data showed surprisingly large build in gasoline and diesel inventories, swelling fuel supplies with OPEC+ planning more output and trade...

Trump to sign order doubling metals tariffs, White House says

WASHINGTON -U.S. President Donald Trump will sign an executive order on Tuesday making official his vow to double tariffs on steel and aluminum, White House spokeswoman Karoline Leavitt told...

A “magnificent” rebound for US indices

After falling by almost 20% between its mid-February record high and its low in early April, the S&P 500 has rebounded strongly to break even for the year. As is often the case, this performance was...

US-India nearing trade deal as talks progress, commerce secretary says

NEW DELHI -Trade negotiations between the United States and India are making progress and a deal could be finalised soon, U.S. Commerce Secretary Howard Lutnick said on Monday, as both sides push to...

Deutsche Bank lifts S&P 500 year-end target amid Wall Street upgrade wave

Deutsche Bank has raised its year-end target for the S&P 500 to 6,550 from 6,150, citing lower tariff-related earnings drag and a resilient economy, in a move that comes amid a broader wave of target...

Vietnam firms to sign MoUs to buy $2 billion of US farm produce

HANOI -Vietnamese firms will sign memorandums of understanding with U.S. partners to buy $2 billion worth of American farm produce, the agriculture ministry said on Tuesday, part of efforts to seal a...

EU says it will make strong case for US tariff cuts this week

BRUSSELS -The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties...

US LNG exports declines in May from April's record

HOUSTON -U.S. liquefied natural gas exports fell in May due to plant outages and maintenance at the country's largest export facility, preliminary LSEG ship tracking data show. The U.S....

China rejects Trump's accusation that it breached Geneva trade deal

China said on Monday that U.S. President Donald Trump's accusations that Beijing had violated the consensus reached in Geneva trade talks were groundless, and promised to take forceful measures to...

Canadian oil sands company evacuates workers due to wildfire threat

CALGARY -Canadian oil sands company MEG Energy said on Friday it evacuated all nonessential workers from its Christina Lake production facility in northern Alberta due to wildfires burning in the...

Mexico hopes early review of USMCA can end uncertainty, revive flagging investment

MEXICO CITY -Falling investment, slowing growth, and the changing whims of U.S. President Donald Trump have led Mexico to support an early review of the U.S.-Mexico-Canada trade agreement, a sharp...

Stocks finish lower but notch strong monthly gain despite tariff worries

NEW YORK -Global stocks finished down on Friday but notched a weekly gain and the biggest monthly increase since late 2023, despite markets having been roiled by uncertainty over the Trump...

US dollar drops as investors prepare for court battle on tariffs

NEW YORK -The dollar fell on Thursday as investors prepared for U.S. President Donald Trump to battle a U.S. trade court ruling on Wednesday that blocked most of his proposed tariffs. A...

Ex-analyst sues Freepoint Commodities, alleges pressure to facilitate insider trading

A former senior analyst at U.S. trading company Freepoint Commodities has sued the company, alleging that top executives pressured employees to facilitate insider trading and retaliated against...

Japan's Nikkei seen rising about 5% by year-end, shaking off Trump tariff impact

Japan's Nikkei share average will climb about 5% by end-year as uncertainties over U.S. trade policies that have been holding the index back continue to clear up, although volatility is likely in the...

New Fortress Energy receives notice from Nasdaq for non-compliance

U.S. LNG company New Fortress Energy on Tuesday said it received an expected notice from Nasdaq on non-compliance with the stock market's listing rule for not submitting its quarterly reports with...

Telus to invest over $50 billion in Canada over next five years

Telus is investing more than C$70 billion in Canada over the next five years to expand its network infrastructure in the country, the telecom company said on Tuesday. The investment...

OPEC+ set to agree July oil output hike this week, sources say

OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates from the group told Reuters, in the latest stage of a plan to meet rising demand and increase...

Ukraine revamps minerals sector, eyes billions in investment from US deal

KYIV -Ukraine is overhauling its minerals sector, which has been pounded by three years of war, in the hope of unlocking potential and attracting billions of dollars of investment from a minerals...