Oil prices surged today following reports suggesting that Iran may be planning to launch an attack on Israel from Iraqi territory in the coming days. This news has refocused market attention on the potential for escalating conflicts in the Middle East.
Emerging-market assets faced a rocky October, marked by increased volatility. Rising global yields and a stronger dollar pressured these markets as investors quickly adjusted their risk assessments ahead of the upcoming US election.
Wall Street traders were looking for a clear direction on stocks after Thursday's selloff, but late trading offered no clarity. Earnings reports from two major tech companies came in mixed, leaving investors uncertain about the market's next move. As a result, stocks struggled to find a steady path forward.
Stocks in Asia fell today as traders prepared for increased volatility with next week’s US election and the Federal Reserve's rate decision looming.
Goldman Sachs Group Inc. has assessed that global investors are overestimating the risks of financial market instability following the upcoming U.S. presidential election. They believe concerns about uncertainty due to the lack of a clear winner are exaggerated.
GLP Pte has canceled its planned dollar bond sale after failing to attract enough demand, despite offering a record coupon rate above 10%. This move highlights ongoing investor concerns about the company, which focuses on developing warehouses and logistics real estate.
Asian equities remained in a tight range today as investors braced for the upcoming US election and important economic data. This data is expected to influence the next decision by the Federal Reserve, adding to the cautious sentiment in the market. Traders are closely watching developments to gauge their impact on future monetary policy.
Traders who rushed to invest in bullish options on oil are facing a tough situation. Many of those contracts have now become worthless, leaving investors with significant losses as the market shifts unexpectedly.
Oman’s OQ Exploration & Production saw its shares drop after a notable $2 billion initial public offering. This decline is surprising as Middle Eastern listings usually see strong early gains.
Oil prices dropped over 5% at the beginning of the week following Israeli airstrikes on targets in Iran that did not hit crude facilities. This development has raised hopes for a potential easing of tensions in the region.
