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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Dubai’s Luxury Boom Faces Reality Check as Iran War Raises Risks

Dubai’s rise as a global hub for the ultra-wealthy is now being tested, as  geopolitical tensions in the Middle East threaten to disrupt capital flows, property demand, and investor confidence . Luxury Boom Built on Global Wealth Inflows In recent years, Dubai has seen a surge in  high-net-worth individuals (HNWIs)  relocating to the city, driving: Sharp increases in luxury property prices Growth in  tax revenues and financial activity Expansion into  private credit, tech, and global investments The broader Gulf region has leveraged its  oil wealth  to become a key player in global capital markets, with Dubai acting as a central hub. Iran War Introduces New Risk Layer The ongoing conflict has introduced a  direct geopolitical threat  to the region’s stability. Recent developments include: Drone strikes targeting residential areas in Dubai and Abu Dhabi Attacks on  energy infrastructure across the Gulf These events raise concerns over: Sa...

Oil Surges Back Above $100 as Strait of Hormuz Attacks Escalate

Oil  prices  jumped  back  toward  the  US$100  mark  despite  a  record  emergency  reserve  release,  as  fresh  attacks  on  cargo  ships  around  the  Strait  of  Hormuz  deepened  fears  of  prolonged  supply  disruption. Oil  Spikes  Despite  Historic  Reserve  Release Brent crude   rose 4%  to  US$95.80,  after  briefly  topping  US$101   overnight. West Texas Intermediate   climbed 4%  to  US$90.60,  having  spiked  near  US$96. The  rally  came  even  after  the  International Energy Agency   confirmed  a  record 400  million- barrel  emergency  release   by  its 32  member  nations. The  US  alone  will  release 172  million...

Malaysia Morning Wrap - JT Group Secures RM79.86 Million TNB Contract to Power Johor Data Centre

Global markets stabilised overnight as oil prices cooled, while Bursa Malaysia retreated below a key technical level amid rising geopolitical tensions. Investors are balancing  energy market volatility, geopolitical developments in the Middle East, and corporate earnings momentum , while monitoring new developments in Malaysia’s data centre and infrastructure sectors. Wall Street Rebounds as Oil Market Stabilises US equities staged a rebound after oil prices eased from earlier spikes triggered by geopolitical tensions. Major indices closed higher: Nasdaq Composite:   22,807.48 (+1.29%) S&P 500:   6,869.50 (+0.78%) Dow Jones:   48,739.41 (+0.49%) Oil prices stabilised with  crude futures rising 1.9% to US$75.96 per barrel , significantly lower than earlier spikes of up to  12% earlier in the week . The market recovery followed  President Donald Trump’s announcement that the US would insure oil shipments and provide naval escorts for tankers passing ...

Global Selloff Deepens as Oil Shock Fuels Inflation Fears in Fourth Day of Iran Conflict

Global markets extended losses as the Middle East conflict entered its fourth day, driving oil and gas prices sharply higher and reviving fears of a prolonged inflation shock. Key Takeaways Oil surged above US$80 as Iran targeted energy infrastructure and threatened Strait of Hormuz shipping routes. Global stocks and sovereign bonds sold off as inflation concerns resurfaced. Treasury and Bund yields climbed, signalling markets no longer view bonds as clear safe havens. South Korea led Asia’s rout, while European markets opened sharply lower. Energy Shock Takes Center Stage Brent crude  rose 3.3% to US$80.34 per barrel, while WTI climbed 2.5% to US$71.54. European natural gas prices surged nearly 30% after QatarEnergy halted production at the Ras Laffan LNG complex following an Iranian drone strike. The Dutch TTF contract hit its highest level in over a year. Analysts warn this is the biggest threat to global gas markets since 2022. Key Point: Energy price spikes are being interpret...

Global Stock Rout Deepens as Oil and Gas Surge Reignites Inflation Shock

Global markets extended losses as a widening Middle East conflict triggered another spike in oil and natural gas prices, intensifying concerns about inflation and the global economic outlook. Europe Leads Sell-Off STOXX Europe 600  plunged 2.7% in early trading — its steepest one-day drop since April — after already sliding 1.7% the previous session. US markets looked set to follow: S&P 500 Index  futures fell 1.6% This follows a volatile Wall Street session where stocks recovered late but failed to ease broader concerns. Key Point: Markets are pricing the conflict primarily as an inflation shock driven by surging energy costs. Oil and Gas Spike Sharply Brent crude  rose another 4.2% to US$80.96, up more than 11% for the week. Natural gas markets saw even sharper moves: European LNG prices jumped 25% Tuesday after surging 39% Monday US natural gas futures gained nearly 6% Qatar halted LNG production, affecting roughly 20% of global supply, while Iran declared the Stra...

Middle East on the Brink: Trump Turns Up the Heat on Iran

Tensions in the Middle East are boiling over — again. But this time, it’s not just a regional issue. The U.S. could be pulled directly into the conflict. Here’s what you need to know: President Trump is  raising the pressure on Iran , fueling fears that Washington may soon  join Israel’s ongoing strikes  on Tehran. This conflict has already rattled oil markets — and it could be just the beginning. "Not a Ceasefire. An End." Trump didn’t mince words. After leaving the G7 meeting early, he told reporters: “An end. A real end. Not a ceasefire.” That comment sparked immediate speculation — was the U.S. about to join Israel’s military campaign? Meanwhile, Israel’s Defense Minister declared that " very significant targets " in Tehran would be hit. The airstrikes have already stretched into their  fifth straight day , targeting Iranian nuclear and military infrastructure. Satellite images show that  Israel struck Iran’s Natanz uranium enrichment facility , one of the c...

Defense Stocks Take Flight: Middle East Tensions Spark Rally

Defense stocks surged Friday as markets reacted swiftly to Israel’s military air strikes on Iranian nuclear and missile sites — a move that has significantly raised the risk of a wider war in the Middle East. The sudden escalation sent investors rushing into defense and aerospace names, betting on heightened demand for weapons systems, surveillance tech, and military support. Missile Strikes, Market Moves With Israeli Prime Minister Netanyahu warning of more attacks to come and U.S. President Trump pushing Iran to agree to a new nuclear deal, the defense sector lit up green across the board. Topping the leaderboard were U.S. defense giants: Lockheed Martin (LMT)  +3.6% Northrop Grumman (NOC)  +3.5% RTX Corp. (RTX)  +3.2% All three have deep supply ties to Israel via U.S. military contracts and were among the top 15 gainers in the S&P 500 on Friday. Broader Rally in the Sector Momentum wasn’t limited to the big three. Other beneficiaries of the rising geopolitical tens...

Crude Oil Soars: Middle East Tensions Drive Biggest Surge in Over 3 Years

Oil markets roared to life on Friday as crude prices logged their sharpest single-day gains since 2022, driven by a sudden spike in geopolitical tensions. The trigger? Israel launched air strikes on Iranian military and nuclear facilities, marking a serious escalation in Middle East conflict risk. A Sharp Repricing of Risk Front-month WTI crude (CL1:COM) surged +7.2% to close at $72.98/bbl — its highest settlement since February 11 and the biggest one-day jump in more than three years. Brent crude (CO1:COM) wasn’t far behind, climbing +7% to $74.23/bbl. Traders had been pricing in a supply surplus for most of the year, with OPEC+ relaxing output cuts and production climbing in Brazil and Guyana. But that narrative flipped quickly. The latest strikes — although sparing oil infrastructure — have forced markets to consider worst-case scenarios, including potential disruptions at the vital Strait of Hormuz. What Analysts Are Saying J.P. Morgan warned that crude could hit $120/bbl if confli...