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Airline stocks decline as crude oil prices surge
Shares of airline companies came under pressure as crude oil prices climbed sharply amid escalating geopolitical tensions in the Middle East.
From trickle to torrent: Hormuz reopening may trigger a global oil flood
The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure largely preserved during the shutdown, producers are expected to ramp up output quickly once shipping resumes. Industry experts believe a significant portion of the region's production capacity could return within days or weeks, helping restore market balance and easing concerns about prolonged supply disruptions.
Federal Bank, Chennai Petro, Zen top weekly stock picks by Axis Securities
Analysts at Axis Securities project up to 16% upside in Federal Bank, Zen Technologies and Chennai Petroleum owing to breakout witnessed on the weekly charts.
Oil market calm masks a host of unknowns
Global oil markets are experiencing an unusual calm despite a major supply shock. The Strait of Hormuz remains largely shut, impacting significant global supply. However, prices have retreated from highs. Uncertainties about global inventories, China's demand, and the true state of consumption create a precarious situation. Experts are operating with limited information, making the market's stability fragile.
Indian equities open in red amid West Asia tensions and crude oil spike - Mid-day
Indian equities open in red amid West Asia tensions and crude oil spikeMid-day
Reliance Infra shares hit 5% upper circuit, up 33% in 6 days; here's why
Reliance Infrastructure has submitted a formal representation to the Sebi and BSE, seeking a review of the ASM linked to Insolvency and Bankruptcy Code (IBC) and the related trading restrictions.
Oil market likely to return to oversupply after Hormuz reopens: Fitch Ratings
Global oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The closure is a temporary supply shock, not a permanent production loss. Markets are expected to return to oversupply by September 2026. This will be driven by Middle Eastern production recovery and non-OPEC supply growth.
Wall Street Rallies as Oil Prices Drop and Bond Yields Ease; Dow Surges 874 Points to Record High
Falling crude prices and cooling Treasury yields lifted banks and small-caps, even as AI darlings Broadcom and Micron slid despite strong earnings.
Adani Ports' step-down arm secures 10-year marine services contract for Southern Energy FLNG project
Adani Ports and Special Economic Zone has secured a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export, marking its entry into South America and expanding its international marine services footprint.
Dollar index holds above 100 mark
The US dollar index surged above 100 mark on Friday to a two month high following strong US jobs report that increased possibility of a Federal Reserve interest rate hike soon. Jobs data showed the US economy added 172,000 positions in May, far exceeding forecasts. The report pushed Treasury yields higher, with the 10-year yield rising above 4.5% fueling concerns that elevated borrowing costs could weigh on economic growth and investment. Meanwhile, lack of any concrete settlement on US and Iran war front that is keeping oil prices elevated is also adding to inflationary pressures and flocking inventors to dollar for respite. US stocks also slumped on Friday after a strong jobs report consolidated the outlook of restrictive interest rates, while chip producers extended their selloff. The dollar index that measures the greenback against a basket of currencies ended the week at 100.03, up 0.67% on the day.
Oil, AI, and geopolitics: The triple threat to FY27 earnings growth
Possible steep hike in oil & gas prices could lead to further rise in inflation, which, in turn, could push up bond yields, and hence, slowdown in banking credit growth.
Stock Markets Slump: Global Equities Fall, Oil Prices Spike - Rediff MoneyWiz
Stock Markets Slump: Global Equities Fall, Oil Prices SpikeRediff MoneyWiz