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Nasdaq leads Wall St lower as oil prices spike on Iran revenge strikes
Yahoo Finance· 2026-03-12 13:55
Nasdaq leads Wall St lower as oil prices spike on Iran revenge strikes Proactive uses images sourced from Shutterstock 9.55am: Stocks open lower, led by Nasdaq US stocks opened lower as oil prices spiked north again. The Dow Jones dropped almost 600 points or 1.2% in initial trades. The S&P 500 fell 1.1% and the Nasdaq began with a fall of 1.4%. Biggest S&P fallers were led by consumer and travel stocks, with Dollar General down over 8% and cruise operators Carnival and Royal Caribbean also sharply low ...
Dow Tumbles Over 1%; US Weekly Jobless Claims Fall
Benzinga· 2026-03-12 13:49
U.S. stocks traded lower this morning, with the Dow Jones falling more than 500 points on Thursday.Following the market opening Thursday, the Dow traded down 1.18% to 46,860.18 while the NASDAQ fell 0.92% to 22,506.55. The S&P 500 also fell, dropping, 0.86% to 6,717.27.Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 EarningsLeading and Lagging SectorsEnergy shares rose by 0.4% on Thursday.In trading on Thursday, financial stocks dipped by 1.4%.Top HeadlineU.S. initial jobless c ...
Generali interested in replacing AXA as Monte dei Paschi partner, widening UniCredit deals, CEO says
Reuters· 2026-03-12 11:26
Generali interested in replacing AXA as Monte dei Paschi partner, widening UniCredit deals, CEO says | ReutersSkip to main contentExclusive news, data and analytics for financial market professionalsLearn more aboutRefinitivAn Assicurazioni Generali SpA's logo is seen on a building of their offices in Saint-Denis, near Paris, France, February 27, 2018. REUTERS/Benoit Tessier Purchase Licensing Rights, opens new tab- Companies- Summary- Generali partners with UniCredit in central eastern Europe- Generali has ...
Dollar General forecasts annual sales below estimates
Reuters· 2026-03-12 10:58
Group 1 - Dollar General forecasts annual comparable sales growth between 2.2% and 2.7%, which is below Wall Street estimates of 2.48% [1] - The company attributes the lower forecast to bargain-hunting customers shifting to Walmart and online retailers for better deals amid economic uncertainty [1]
India's consumer inflation rises to 3.2% in February as oil risks loom
CNBC· 2026-03-12 10:41
Fuel nozzles hang at a petrol pump at a fuel station in Guwahati, India, on March 11, 2026. Oil prices reverse course from recent highs, slipping to around 90 USD a barrel after remarks by U.S. President Donald Trump on the Iran conflict. Markets remain unsettled as traders monitor the evolving geopolitical situation. (Photo by David Talukdar/NurPhoto via Getty Images)India's consumer inflation rose for the fourth straight month to 3.21% in February, up from 2.75% in the previous month.The headline inflatio ...
Why gold hasn't moved since the Iran conflict — and where it could go next
CNBC· 2026-03-12 10:19
Group 1 - Gold prices increased on Tuesday due to a dip in the dollar and easing oil prices, following U.S. President Trump's comments on a potential end to the Middle East conflict [1] - Gold rose from $5,296 to $5,423 per troy ounce after U.S. and Israel strikes on Iran, demonstrating the trend of investors seeking safe haven assets during geopolitical turmoil [2] - Despite the ongoing conflict, gold prices have remained relatively stable, trading between $5,050 and $5,200 [1][2] Group 2 - Factors contributing to the lack of upward momentum in gold prices include a stronger dollar and higher Treasury yields, which make yielding assets more attractive compared to non-yielding precious metals [3][4] - Rising oil prices may lead to prolonged inflation and higher interest rates, impacting gold's appeal as a safe haven asset [3] - Institutional investors are showing caution towards holding bullion due to its recent volatility [4] Group 3 - Conflicts can trigger panic selling among investors, leading to a "flush" where traders are forced to sell positions as prices decline [5] - Bank forecasts remain optimistic, with J.P. Morgan predicting gold prices will reach $6,300 per ounce by the end of 2026, and Deutsche Bank maintaining a $6,000 year-end target [5]
OP Pohjola’s Annual Report 2025 has been published
Globenewswire· 2026-03-12 09:15
Core Insights - OP Pohjola has published its Annual Report for 2025, which includes comprehensive financial and governance information [1][2]. Group 1: Annual Report Contents - The Annual Report contains the Report by the Board of Directors, Financial Statements, Corporate Governance Statement, Remuneration Report, Remuneration Policy for Governing Bodies, and a Data Balance Sheet [2]. - The Report by the Board of Directors includes a sustainability report in accordance with the Corporate Sustainability Reporting Directive (CSRD) [2]. Group 2: Reporting Format and Accessibility - The Annual Report has been published as an XHTML file in compliance with the European Single Electronic Format (ESEF), and the file has been assured [3]. - The Annual Report is available on OP Pohjola's website and can also be accessed through various media channels [3]. Group 3: Company Overview - OP Pohjola is Finland's largest provider of financial services, serving over two million owner-customers and employing approximately 15,000 staff [4]. - The company offers a wide range of banking and insurance services for both personal and corporate customers, and has been contributing to Finnish society and sustainable development for over 120 years [4].
Russia's oil and fuel exports, revenue hit lowest since the start of Ukraine conflict, IEA says
Reuters· 2026-03-12 09:02
Group 1 - Russia's crude oil and refined product exports and revenues reached their lowest levels since the onset of the Ukraine conflict in February 2022, according to the International Energy Agency (IEA) [1] - Crude oil exports from Russia declined by 410,000 barrels per day in February, falling to 4.2 million barrels per day, primarily due to reduced exports to India and disruptions in the Druzhba pipeline to Hungary and Slovakia [1] - The decline in oil exports is significant as commodity revenues are crucial for the Russian state budget, especially to support increasing military expenditures [1]
S&P/ASX 200 closes lower as Australian shares slip, oil price surge triggers inflation fears; check top gainers and losers
The Economic Times· 2026-03-12 07:19
The S&P/ASX 200 closed lower Thursday, dropping 114.50 points or 1.31% to 8,629.00. According to the ASX website, the bottom-performing stocks in this index were IPERIONX LIMITED and CATAPULT SPORTS LTD, down 14.29% and 7.80%, respectively. The index has lost 3.48% for the last five days but is virtually unchanged over the last year to date.Oil prices climbed sharply as supplies from the Gulf remained constrained following ship attacks in the Strait of Hormuz, a key chokepoint for global crude trade.As ...
Goldman Sachs raises Q4 Brent, WTI crude price forecast amid longer Hormuz disruption
Reuters· 2026-03-12 03:23
Group 1 - Goldman Sachs raised its Q4 2026 Brent and WTI crude oil price forecasts to $71 and $67 per barrel, respectively, from $66 and $62, due to anticipated longer disruptions in oil flows through the Strait of Hormuz caused by the U.S.-Israeli conflict with Iran [1] - Brent prices have increased over 36% and WTI prices have risen about 39% since the onset of the war on February 28, with both benchmarks briefly exceeding $119, marking their highest levels since mid-2022 [2] - Goldman Sachs now expects 21 days of low oil flows through the Strait of Hormuz at 10% of normal levels, followed by a 30-day gradual recovery, an adjustment from their previous estimate of a 10-day disruption [3] Group 2 - Goldman incorporated a larger policy response in its models, estimating that 254 million barrels from global strategic petroleum reserve releases and 31 million barrels of Russian crude draws would mitigate the impact on global commercial oil inventories by nearly 50% [4] - The International Energy Agency (IEA) has agreed to release a record 400 million barrels of oil from strategic stockpiles to address the surge in global crude prices since the war began, with the U.S. contributing the majority of this supply [4] - In Goldman’s base case scenario, it is assumed that IEA member states will not fully release the 400 million barrels available due to logistical limits on draws from the OECD strategic petroleum reserve [5]