Market Update

Key Takeaways Friday rebound: Brent crude rose 0.7% to $100.72 per barrel, while WTI added 0.4% to $95.19. Early surge: Both contracts jumped as much as 3% in early Asian hours on news of renewed U.S.-Iran fighting. Brutal week: Oil is still on track for a 7% weekly decline as …

Key Takeaways Bitcoin retreats: The world’s largest crypto fell 1.7% to $79,679.8 on the Hormuz escalation. Six straight weekly gains: Despite Friday’s drop, Bitcoin is still up 1.3% on the week — its sixth consecutive weekly advance. Institutional support: Strong institutional buying, bargain demand, and progress on a key U.S. …

Key Takeaways Dollar softens: The U.S. Dollar Index slipped 0.1% in European trading at 08:49 GMT. No bearish signal yet: BofA strategists note the dollar has softened but “no bearish signal has been triggered,” with positioning broadly neutral. Hormuz tensions return: U.S. and Iranian forces exchanged fire near the strait …

Key Takeaways Broad-based decline: The Stoxx 600 slipped 0.77%, Germany’s DAX dropped 0.90%, France’s CAC 40 declined 0.73%, and the U.K.’s FTSE 100 fell 0.63%. Hormuz clashes erupt: U.S. Central Command said American destroyers came under Iranian missile, drone, and small-boat attacks Thursday, prompting retaliatory U.S. strikes on Bandar Abbas …

Key Takeaways Regional retreat: Asian markets fell broadly Friday, with Wall Street’s overnight slide setting a weak tone after U.S. forces intercepted attacks on three warships in Hormuz. Tech holds firm: S&P 500 futures rose 0.2% in Asian trade as AI optimism continued to support technology stocks. KOSPI stars despite …

Key Takeaways Gold rises: Spot gold gained 0.8% to $4,723.52 per ounce, while U.S. gold futures climbed 0.5% to $4,731.96. Weekly winner: Bullion is on track for a near 2% weekly gain after rebounding from one-month lows earlier in May. Hormuz flare-up: U.S. and Iranian forces exchanged fire Thursday — …

Key Takeaways Crude jumps: Brent oil futures rose 2.1% to $103.37 per barrel, while WTI climbed 2.2% to $96.90 — bouncing back after Thursday’s 1% decline. Direct clash: Iran accused the U.S. of targeting an Iranian oil tanker and another vessel entering Hormuz, plus strikes on Qeshm Island and coastal …

The U.S. Department of Justice (DoJ) has launched a sweeping investigation into a series of suspicious oil market trades that generated massive profits shortly before major announcements related to tensions between the United States and Iran.The probe comes amid growing concerns that certain investors may have gained access to sensitive …

Bitcoin fell nearly 2% and hovered around the $79,800 level as renewed weakness in digital assets weighed heavily on investor sentiment. The decline came alongside disappointing earnings from major crypto-linked companies, reinforcing concerns that volatility and slowing trading activity are returning to the sector.Despite the latest pullback, Bitcoin remains up …

A Strong Earnings Round Reignites OptimismMarkets turned more positive after a new set of corporate earnings showed stronger-than-expected performance from major consumer and entertainment companies. The results suggested that spending patterns remain more resilient than expected, even as inflation and uneven growth continue to shape the global outlook.Attention quickly shifted …