Saudi Tadawul All Share Ends Lower as Industrial, Petrochemical Sectors Weigh
Saudi Arabia's Tadawul All Share index closed down 0.16% on Monday, with losses in the industrial and petrochemical sectors offsetting a strong rally in global oil prices.
Latest by Yuki Tanaka
Nio Stock Upgraded to Buy by Goldman Sachs on Growth and Valuation
Goldman Sachs upgraded the Chinese electric vehicle maker to 'Buy' from 'Neutral,' citing strong sales from new models, a projected turnaround in profitability, and an attractive valuation that analysts see as disconnected from fundamentals.
South African Rand Steady as Traders Await U.S. Federal Reserve Minutes
The rand held near 16.2450 per dollar as markets paused ahead of the release of U.S. Fed minutes, which are expected to provide cues on future interest rate policy.
Bank of Israel Cuts Key Rate to 3.50% to Counter Strong Shekel
The central bank lowered its benchmark rate for the second consecutive time, citing pressure on exporters from the shekel's strength and moderate inflation expectations.
European Stocks Edge Lower as Middle East Tensions Drive Oil Prices Higher
European equities dipped on Monday as a sharp rise in crude oil prices, fueled by escalating hostilities in the Middle East, prompted a risk-off sentiment among investors. Energy stocks rallied, bucking the broader market trend.
Saia Stock Jumps After BofA Upgrade to Buy on Positive Demand Signals
Shares of the less-than-truckload carrier gained after BofA Securities upgraded the stock to Buy, citing an attractive valuation and signs of strengthening demand in the shipping sector.
Trump Declares Iran Ceasefire Over, Injecting Fresh Volatility into Oil Markets
President Donald Trump announced the end of a ceasefire with Iran even as both sides agreed to continue talks, a move that has heightened geopolitical tensions and spurred a significant weekly rise in crude oil prices.
Dollar Eases as Oil Prices Retreat and Fed Minutes Show Divided Rate Outlook
The U.S. dollar slipped on Thursday as a drop in crude oil prices tempered inflation concerns, while traders digested minutes from the Federal Reserve's June meeting that revealed a divided debate on the path for interest rates.
Oil Prices Jump Over 3% as US-Iran Military Strikes Stoke Supply Fears
Crude oil futures surged after military actions by the United States and Iran in the Middle East heightened concerns over potential disruptions to energy shipments through the critical Strait of Hormuz.