MONEY MASTER

Key Takeaways Oil prices surged after fresh US airstrikes on Iran , raising concerns over global energy supplies. Asian stock markets remained relatively resilient , suggesting investors believe the geopolitical disruption is manageable for now. Markets are closely watching the Strait of Hormuz , a critical shipping route for global oil exports. Higher oil prices could reignite inflation concerns , potentially affecting central bank interest rate decisions. The market's calm response may change quickly if the conflict escalates further. Market Insight Fresh  US airstrikes on Iran  sent  Brent crude  up more than  2% , yet the reaction across equity markets was surprisingly muted. Normally, a military escalation in the Middle East would trigger broad selling across global equities. Instead,  Asian stocks were largely unchanged , while  US stock futures even edged slightly higher  after an initial bout of volatility. So why did oil jump while stocks...

Crude oil prices rebounded early Wednesday amid growing doubts over the timing and success of peace talks to end the Russia-Ukraine war. The delay in negotiations increases the likelihood of prolonged sanctions on Russian crude exports, reintroducing concerns over global supply constraints. Market Snapshot Brent Crude (Oct contract) : Up  $0.14  (+0.21%) to  $65.93 /bbl WTI Crude (Sep contract) : Up  $0.37  (+0.59%) to  $62.72 /bbl WTI (Oct contract) : Up  $0.15  to  $61.92 /bbl Prices had declined over  1%  the previous day on early optimism of a resolution. Geopolitical Headwinds Reemerge Optimism faded after mixed signals emerged from US President Donald Trump. While he indicated potential air support to Ukraine, he also acknowledged the possibility that  Russian President Vladimir Putin might delay or decline participation  in peace efforts. Trump had earlier proposed a trilateral summit involving  Zelenskiy ,...

  Global Markets Indices:  Dow -0.02%, S&P 500 +0.03% (3rd straight record close), Nasdaq -0.01% Drivers:  Hotter-than-expected July PPI showed the largest jump in US services costs since Mar 2022, trimming odds of a larger September Fed rate cut to 90%. Jobless claims fell, indicating labour market strength. Yields:  US 10Y Treasury at 4.29% as stronger inflation data pressured bonds. Notable Stock Move:  Intel +7.38% on reports of potential Trump administration investment to fund Ohio chip plants, part of efforts to boost domestic semiconductor output. Malaysia Market Macro:  USD/MYR +50 pips to 4.2125; MGS 10Y steady at 3.48% KLCI:  1,581.05 (-5.55 pts) on profit-taking after recent gains. Sector Performance:  Gainers – Property (+0.39%), Energy (+0.25%), Telecommunications (+0.11%); Laggards – Transportation (-1.11%), Technology (-0.86%), Consumer (-0.77%). Trade in Focus ECOWLD (8206.MY):  Jumped to RM2.17 (highest since 2014) with v...

Just the other day, I got the opportunity to talk to two economists, one from UOB and another from AmInvest and they were pretty happy that the Ringgit has stabilized. Ringgit The article written was published on The Edge Financial Daily on April 18, 2016 (Monday) but then, today, reality sets in as the oil price plunged after the failure in negotiation between the Saudis and Iran. Here's the reality: Ringgit is still very much tied with the movement of the oil and as long as the supply and demand of the oil failed to reach its equilibrium, the Ringgit's volatility should persist. After some good run, the Ringgit fell the most in two weeks as Brent crude plunged after major oil producers failed to come up with an agreement to freeze output and address a supply glut. The disappointment stemming from the weekend meeting in Doha risks reversing a rally in emerging Asia’s best-performing currency this year as a renewed decline in the commodity puts pressure on the governme...

FBM KLCI fell 13.11 points Reuters reported that oil prices slid on Wednesday, extending the sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in US crude stockpiles. US crude futures were trading at US$31.25 per barrel at 0758 GMT, down 1.95% from their last settlement. International Brent futures were down around 1% at US$32.90 a barrel. Both dropped more than 5% in intra-day trading the previous day. The consequence of the fall in oil prices are obvious given what we have seen in the past few months...the market fall as well. FBM KLCI dropped by 0.8% or 13.11 points to close at 1,664.17.  Across Asia, Japan's Nikkei 225 lost 0.85% while Hong Kong's Hang Seng shed 1.15%. Bursa Malaysia saw 1.53 billion shares valued at RM1.51 billion traded. Decliners beat gainers at 601 versus 229. The top gainers included Kuala Lumpur Kepong Bhd and PPB Group Bhd.  The leading decli...

Saudi Arabia is not afraid of low oil price and this will send the already gloomy oil & gas industry even further downwards. Saudi Arabian Oil Co. is maintaining investment in oil and natural gas projects and has formulated a new strategy in response to cheaper crude as it studies options to sell shares in its parent company and downstream refining and chemical operations, Chairman Khalid Al-Falih said Monday at a conference in Riyadh. The state-run producer, known as Saudi Aramco, can sustain low oil prices for “a long, long time,” he told reporters. It is a signal that the Saudi is sending across....that this is a fight they will not lose.  “Saudi Arabia is well-documented to be the clear lowest-cost producer -- we have scale, capabilities, and technology to help us maintain our low cost as we go forward,” he said.  He also mentioned how the company encourage fiscal discipline and in the company's investments capacity, oil and gas had not slowed down. LOW...

The good news is that the stocks continue to edge up with S&P 500 closes 1.80 higher to 2,090.57, a record high. S&P 500 edge up slightly despite oil price slump and Greece concern This happened even as there is a flight to safety triggered by a sell-off in Greek bonds, while crude oil prices tumbled after a short-lived bounce. Stocks in Athens plunged as much as 11.3 percent before closing down 3.9 percent, while yields on 10-year Greek bonds touched their highest since September 2013. On the other hand, the EURO touched the lowest in nearly 29 months against the U.S. dollar.  As for Dow Jones, there is an average down of 15.48 pts to 18,038.23 while the Nasdaq composite added 0.05 points to 4,806.91. As for the oil, the slump continues with Brent crude futures fell 2.4 percent to $58 per barrel after hitting a high of $60.43. U.S. crude lost 1.9 percent to $53.72 a barrel.  Crude oil continues to drop It is worth...

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Get the Oil, Gas, and Gold Prices by Cannon Trading widget and many other great free widgets at Widgetbox ! Information on Light, Sweet Crude Oil Futures Trading Crude oil began futures trading on the NYMEX in 1983 and is the most heavily traded commodity. Trading unit: Crude Oil Futures trade in units of 1,000 U.S. barrels (42,000 gallons). Options: One NYMEX Division light, sweet crude oil futures contract . Trading Months: Crude Oil Futures trade 30 consecutive months plus long-dated futures initially listed 36, 48, 60, 72, and 84 months prior to delivery. Additionally, trading can be executed at an average differential to the previous day’s settlement prices for periods of two to 30 consecutive months in a single transaction. These calendar strips are executed during open outcry trading hours. Options: 12 consecutive months, plus three long-dated options at 18, 24, and 36 months out on a June/December cycle. Price Quotation ...