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ASX Market Open: Labour Day long weekend to be welcomed in with Friday profit-taking | Oct 3
The Market Online· 2025-10-02 22:40
Join our daily newsletter At The Bell to receive exclusive market insightsAustralian shares are heading towards a -0.21% drop when the bell rings Friday, with it no real shock ASX 200 futures are tipping a decline considering how bullish the whole bourse got through to close yesterday.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.A heady +1.1% gain to 4pm on Thursday took us within touching distance of ...
Brent Prices Retreat below $70 as OPEC+ Mulls Another Output Hike
Yahoo Finance· 2025-09-29 13:00
Brent Crude prices failed to hold onto the $70 per barrel handle for more than a day, dipping by 2% early on Monday as the market focused on imminent supply increases. As of 7:28 a.m. EDT on Monday, Brent Crude prices were down by 1.74% at $68.87, after hitting $70 per barrel on Friday, the highest level in nearly two months. The U.S. benchmark, WTI Crude, slipped below $65 per barrel and traded down by 2.02% at $64.36. More supply to the market, coming from Iraq’s semi-autonomous region of Kurdistan, a ...
Global Markets Navigate Oil Glut, Yen Weakness, and Key Corporate Strategies
Stock Market News· 2025-09-29 08:08
Key TakeawaysBrent Crude is struggling to maintain the $70 per barrel mark, with forecasts suggesting further declines into 2026 due to a persistent supply glut and weakened demand.The USD/JPY currency pair extended losses, dropping 0.6% to 148.61, as the Japanese Yen gained amidst divergent economic performances between the US and Japan.Security services firm Verisure is targeting a substantial valuation of up to €13.9 billion in its anticipated Stockholm IPO.AstraZeneca (AZN) announced plans for a direct ...
Arbitrage Window Closing for American Crude in Asia
Yahoo Finance· 2025-09-26 12:00
Core Viewpoint - The arbitrage opportunity for American crude shipments to Asia is diminishing due to rising tanker rates and cheaper Middle Eastern oil, which is more accessible to the Asian market [1][2][4]. Group 1: Shipping Costs and Routes - The charter rates for supertankers from the U.S. Gulf Coast to Asia have surged to $70,000 per day, while rates for Middle East to China routes are higher, reaching approximately $90,000 to $100,000 per day [1][2]. - The shipping duration from the Middle East to Asia is about two weeks shorter than from the U.S., making Middle Eastern crude more economically viable [2]. - The additional shipping cost for U.S. crude has reached $1.75 per barrel, which could effectively close the arbitrage window [4]. Group 2: Market Dynamics - OPEC's decision to unwind quotas has led to an increase in cargo availability in the East of the Suez, influencing tanker owners to focus on this region [3]. - The narrowing premiums of Middle Eastern benchmarks like Dubai and Oman over Brent Crude have made Middle Eastern shipments more competitive, with the premium of Murban dropping from $3.84 per barrel to $1.63 per barrel within two weeks [5].
ASX Market Open: Heading towards red as Australia’s inflation tops 1Y high | Sep 25
The Market Online· 2025-09-24 22:42
Market Overview - Australian shares are declining further, influenced by the recent CPI data indicating overheating inflation, which reached a calendar high last month [1][2] - The consumer price index rose by 0.3% compared to July, leading to expectations that the Reserve Bank will not ease policies in their next meeting [2] - U.S. markets are also experiencing a downturn, with major indices like the S&P, Dow Jones, and Nasdaq down approximately 0.3% [3] Company News - Macquarie (ASX:MGQ) has agreed to compensate Shield investors up to $321 million following a deal with Australia's corporate regulator, as the Shield Master Trust was deemed to have failed [5] - Trigg Minerals (ASX:TMG) is promoting a "fast-tracked" development pathway for its Antimony Canyon project in Utah after identifying exploration targets [5] - Morella Corporation (ASX:1MC) is gaining attention for shifting focus to titanium at its Dixon Well Project after receiving positive rock chip assay results [6] - The lithium sector remains active, with the Trump administration expressing interest in acquiring a stake in Lithium Americas Corp, positively impacting companies like Pilbara Minerals (ASX:PLS) and Liontown Resources (ASX:LTR) [6] Commodity Prices - The Australian dollar is trading at 65.8 U.S. cents [7] - Iron Ore prices have slightly increased to $106.15 per tonne in Singapore [7] - Brent Crude oil has risen by 2.2% to $69.06 per barrel [7] - Gold remains strong at $3,748 per ounce [7] - U.S. natural gas futures are up by 0.7%, reaching $2.87 per gigajoule [7]
全球大宗商品一周回顾-Global Commodities_ The Week in Commodities
2025-09-23 02:34
Summary of Key Points from the Conference Call Industry Overview - **Industry**: Global Commodities - **Key Focus**: Oil and Natural Gas Markets, Commodities Price Forecasts Core Insights and Arguments 1. **Oil Demand Growth**: Global oil demand expanded by 520 thousand barrels per day (kbd) year-over-year in September, with visible global liquids stocks rising by 72 million barrels (mb) [2] 2. **Ukraine's Strategic Shift**: Ukraine has intensified attacks on Russian energy infrastructure, indicating a strategic shift that could impact global energy markets [1] 3. **Fed's Rate-Cutting Cycle**: The Federal Reserve's cutting cycle began, historically leading to positive returns in commodities. Commodities averaged +15% returns nine months after similar cycles in 1995 and 2024 [5] 4. **Recession Risks**: Recession risks are elevated at 40%, with potential negative impacts on commodities if offsetting Chinese stimulus is not present [5] 5. **Inflation Concerns**: The risk of renewed inflation is high at 45%, particularly in the US, which may affect commodity prices [5] 6. **Natural Gas Storage Trends**: Weekly storage injections for natural gas are expected to be in the range of 70-90 Bcf through mid-October, with a preliminary estimate of a 73 Bcf injection for the upcoming report [9] 7. **Base vs. Precious Metals Performance**: There is a notable divergence in performance between base and precious metals following the first rate cut, with precious metals generally performing better [9] 8. **US Crude Output Resilience**: US crude output has remained resilient, averaging close to 300 kbd year-over-year from January to August 2025, with no significant pullback in operator activity [12] 9. **Permian Basin Activity**: Permitting data shows no signs of a slowdown in activity in the Permian Basin, with permit volumes 6% higher than the previous year [12] Additional Important Insights 1. **Global Commodity Open Interest**: The estimated value of global commodity market open interest surged to a 2025 year-to-date high, increasing by 4.1% week-over-week to $1.59 trillion [11] 2. **Natural Gas Market Dynamics**: Solar energy generation is significantly impacting realized and forecast gas-fired power generation, especially during the shoulder season [9] 3. **Metals Market Trends**: Industrial metals are lagging behind precious metals, with base metals like aluminum, zinc, and nickel consistently underperforming compared to copper [9] 4. **Price Forecasts**: Forecasts for WTI crude and Brent crude prices are projected to decline to $57 and $61 per barrel respectively by Q4 2025 [13] This summary encapsulates the critical insights and trends discussed in the conference call, providing a comprehensive overview of the current state and future outlook of the global commodities market.
ASX Market Open: Wall Street rockets to new records, Oz traders trail in wake | Sep 19
The Market Online· 2025-09-18 22:47
Market Overview - Wall Street has reached new intraday highs following a Federal Reserve rate cut, with optimism reflected in global markets including Australia [1][2] - The ASX 200 futures are expected to open approximately +0.57% higher, aligning with U.S. index movements, particularly the S&P 500 which rose +0.48% [2] - Global equity markets are experiencing a similar upward trend, with London's FTSE 100 rising +0.2% and the Nikkei 225 increasing by +1.1% [3] Company News - Analysts suggest that the recent pullback in Santos (ASX:STO) shares, which fell to $6.74, is overly bearish following a failed Middle Eastern takeover [5] - Woodside Energy (ASX:WDS) is also noted to have suffered significant value loss despite recent weak results [5] - Equinox Resources (ASX:EQN) has signed away the Alturas Project for C$300,000 in cash and C$400,000 in shares [6] - Kula Gold (ASX:KGD) has reported visible gold at its Mt Palmer project, although the company's managing director remains cautious before assays [6] - Perseus Mining (ASX:PRU) has received presidential authority to commence operations at its Yaouré Gold Mine in Côte d'Ivoire [6] Commodities and Forex - The Australian dollar is trading at 66.1 U.S. cents [7] - Iron Ore prices have decreased by -0.3% to $105.60 per tonne, while Brent Crude is priced at $67.47 per barrel [7] - Gold prices have continued to decline, currently at $3,645, and U.S. natural gas futures have dropped -5% to $2.94 per gigajoule [7]
Morning Bid: There are Fed weeks where decades happen
Yahoo Finance· 2025-09-18 04:38
Group 1: Central Bank Actions - The U.S. Federal Open Market Committee implemented a 25 basis point rate cut, with only Governor Stephen Miran dissenting for a larger 50 basis point cut [2] - The Bank of Canada also cut rates, while the People's Bank of China maintained its position, and the Hong Kong Monetary Authority followed the Fed's lead [2] - The Bank of England is expected to announce its decision later, followed by the Bank of Japan [2] Group 2: Market Reactions - After a decline on Wall Street, Asian markets rebounded, with S&P 500 e-minis rising 0.5% and Nasdaq futures increasing by 0.7% [3] - European futures are also showing positive movement, with pan-region futures up 0.6%, German DAX futures gaining 0.7%, and FTSE futures increasing by 0.2% [3] - Bond markets rallied, with the yield on 10-year Treasury notes decreasing to 4.068% from 4.076% [3] Group 3: Commodity and Currency Movements - The dollar remained stable at 97.024 after recovering from a three-and-a-half-year low [4] - Gold prices fluctuated, last trading at $3,659.40 per ounce after reaching a record high [4] Group 4: Company-Specific Developments - Santos shares fell by as much as 13.6% after a consortium led by ADNOC withdrew its $18.7 billion bid due to failure to agree on commercial terms [6] - Brent crude oil prices decreased by 0.2% to $67.84 per barrel [6] Group 5: Upcoming Economic Indicators - Key corporate earnings reports are expected from Auto Trader Group, Embracer Group, and Next [6] - The UK will release GfK Consumer Confidence data for September [6] - France is set to conduct government debt auctions for various maturities [6]
ASX Market Open: Fed cuts – and now markets not sure what to do next | Sep 18
The Market Online· 2025-09-17 22:28
Market Overview - The Federal Reserve has decided to cut interest rates by 25 basis points, leading to uncertainty in global markets regarding the implications of this decision [1][3] - Australian shares have reacted negatively, with ASX 200 futures indicating a potential loss of -0.12% at the market open [2] - Wall Street also experienced declines, with the S&P 500 and Nasdaq dropping, while the Dow Jones saw a modest gain of +0.57% [2] Company News - Santos (ASX:STO) is under scrutiny after Abu Dhabi National Oil Co withdrew its $36 billion takeover offer, citing factors that diminished the target's value during due diligence [4] - Macquarie Group (ASX:MQG) is in the news for having proposed a merger with Carlyle Group earlier this year, although discussions have since stalled [5] - ANZ Group (ASX:ANZ) continues to face challenges, recently parting ways with several senior executives following a fine [5] Commodity and Forex Update - The Australian dollar is trading at 66.5 U.S. cents [6] - Iron Ore prices have decreased by -0.3%, currently at $105.85 per tonne [6] - Brent Crude is priced at $67.95 per barrel, while gold has retreated to $3,667 [6]
ASX Market Open: T-minus 10 to Fed cut call – and its making markets edgy | Sep 17
The Market Online· 2025-09-16 22:47
Market Overview - Australian shares are expected to open with a dip of -0.43% as global markets remain cautious ahead of the Federal Reserve's anticipated interest rate cut [1] - The Federal Reserve is meeting to discuss a potential cut of U.S. interest rates by 0.25 percentage points due to a slowdown in the American jobs market and rising unemployment [2] - Major Wall Street indexes have retracted between -0.1% and -0.3%, while London markets fell by as much as -0.8% [3] Company News - BHP Group (ASX:BHP) has announced the layoff of 750 jobs in its Queensland division due to weak coal prices and plans to mothball its Saraji South mine in November [4] - Paladin Energy (ASX:PDN) has returned to trading after raising $300 million, which will be allocated to its flagship project, Langer Heinrich, in Namibia [4] - Norwest Minerals (ASX:NWM) has confirmed significant gold mineralization extensions at Bulgera through first-phase RC drilling, attracting attention from investors [5] - PYC Therapeutics (ASX:PYC) has appointed Alan Tribe as its new managing director [5] Commodity Prices - The Australian dollar is trading at 66.8 U.S. cents [6] - Iron Ore prices have increased by +0.7%, currently at $106.30 per tonne in Singapore [6] - Brent Crude is priced at $68.51 per barrel, while Gold is up to $3,694 [6] - U.S. natural gas futures have risen by +2.6%, reaching $3.12 per gigajoule [6]