Commodities

A significant shift in global oil markets occurred as major oil-producing nations announced a larger-than-anticipated supply increase, triggering a sharp drop in crude prices. The decision, made by a coalition of key oil-producing countries, will see an additional 411,000 barrels per day entering the market beginning next month.This move, intended …

Oil prices dropped sharply on Thursday, extending steep declines as the OPEC+ alliance decided to accelerate the reversal of previous production cuts in May. This announcement amplified losses already triggered by sweeping new tariffs announced by U.S. President Donald Trump on Wednesday. By 1305 GMT, Brent crude futures had slumped …

Germany and France are advocating for a robust European Union response following U.S. President Donald Trump’s latest tariff measures, pushing the bloc to adopt a more assertive stance in countering Washington’s escalating trade actions, according to a Bloomberg report published Thursday. A day after President Trump unveiled his controversial “Liberation …

European equities tumbled sharply on Thursday, as investors grappled with mounting fears over escalating global trade tensions following new U.S. tariff measures on imports, deepening anxieties about worldwide economic stability. Early trading saw steep declines across Europe’s key indices: Germany’s leading index sank by 2.3%, France’s benchmark lost 2.2%, and …

The US stock market found bullish momentum on “Tariff Day,” as investors assessed the impact of the Trump administration’s much-anticipated announcement of “reciprocal” tariffs. The market rally, despite concerns over potential disruptions, showcased the resilience of equity indices and investor confidence in economic fundamentals.A Milestone in Trade PolicyTuesday saw the …

In a fiery address from the White House Rose Garden on Wednesday, April 2, 2025, President Donald Trump unveiled what he called “Liberation Day” for American industry—a sweeping plan to impose a 10% baseline tariff on all U.S. trading partners, coupled with steeper duties targeting dozens of countries he accused …

Saudi Arabia is bracing for a challenging financial landscape in 2025, with public debt projected to climb to 29.9% of GDP by year-end, up from 29.3% in 2024. To address a funding gap estimated at $37 billion, the Kingdom plans to tap into debt markets and explore alternative financing avenues. …

As U.S. President Donald Trump prepares to unveil a transformative tariff regime today, April 2, 2025, at 4 p.m. Eastern Time, the global economic order teeters on the edge of upheaval. Billed as a bold bid to resurrect America’s manufacturing prowess, this announcement threatens to redraw the map of international …

Oil prices held steady on Wednesday, as traders remained cautious ahead of U.S. President Donald Trump’s tariff announcement at 2000 GMT. Concerns over potential trade war escalation and slower global demand for crude kept markets in check. Brent crude futures fell $0.07 (-0.09%) to $74.42 per barrel by 08:58 GMT. …

European equity markets opened lower on Wednesday, as investors remained cautious ahead of the anticipated tariff announcement by the Trump administration. Markets are seeking more clarity on the scale and impact of the proposed trade barriers, which could significantly affect global trade and economic growth. European Markets at a Glance …