Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Brent crude rebounds 9.6% from day's low to $110 on reports of attack on Iran’s South Pars gas field
Crude oil prices rose 9% after an attack on Iran's South Pars gas field, part of the world's largest natural gas deposit. Reports suggest Israel, with US consent, targeted the site, escalating tensions and risking global energy security amid ongoing military conflict in the region.
Hormuz chokehold leaves over 1.7 million tonnes of India’s oil, LNG and LPG cargo stranded
In the heart of the Persian Gulf, twenty-two Indian vessels laden with essential oil and gas remain stranded. With millions of tonnes of crude oil, LPG, and LNG in limbo, these ships are eagerly awaiting clearance to navigate the obstructed Strait of Hormuz. The current turmoil has significantly impacted India's energy supplies.
Brent crude oil price jumps 5% after Iran's energy facilities come under attack
Brent crude prices surged over 4% as Iran's Revolutionary Guards threatened energy facilities in Saudi Arabia, UAE, and Qatar following an attack on its own sites. This escalation heightens concerns over energy supply disruptions, with Brent futures settling above $100 per barrel for four consecutive sessions. Meanwhile, Iraqi oil exports resumed via pipeline, though overall supply relief remains limited.
Japan stocks surge as tech shares lead recovery
The rebound was mainly driven by technology stocks, as investors shifted toward sectors seen as less exposed to tensions in the Middle East. Lower oil prices also supported sentiment after Iraq agreed to restart exports through Turkeys Ceyhan port, easing concerns for energy-importing countries like Japan.
US stock market today: Dow, S&P 500 futures rise as Brent crude prices ease; US Fed meeting outcome in focus
The US stock market is expected to open higher as crude oil prices stabilize. The Federal Reserve meeting's outcome is anticipated, with no major rate changes expected. However, high energy prices and unemployment could complicate monetary policy moving forward.
Watch | India in an exceptionally strong position led by demographics and reforms: Jim O'Neill
India is in an “exceptionally strong position”, supported by favourable demographics and reforms, Jim O'Neill told CNBC-TV18, even as global uncertainty rises. He said signs since the pandemic show reforms “are beginning to bear fruit” and growth has accelerated, putting India on track to become the world’s third-largest economy.O’Neill added that India is uniquely placed, being central to BRICS while also “highly sought after” by liberal democracies as a partner. He sees a broader shift of economic gravity towards Asia, benefiting India and China.However, he cautioned that energy remains a key risk, warning that “the last thing India needs is persistently rising crude oil prices”. He also flagged the need to improve basic education to fully harness its demographic advantage.
IEX share price surges over 3% following board's approval to launch Coal Exchange
Indian Energy Exchange shares surged 3% as it announced in-principle approval for a Coal Exchange. February saw a 30.4% growth in electricity trading volume to 12,550 million units and a 15.2% increase in renewable energy certificates traded.
IEX moves closer to coal exchange launch; board gives in-principle nod
IEX has received board approval to explore setting up a coal exchange under proposed regulations, signalling a potential expansion into coal trading as part of its broader energy market strategy.
These high-yielding energy plays could be a ‘win/win,’ regardless of what happens with oil, Bank of America says
Oil price volatility impacts stocks, but Bank of America suggests master limited partnerships (MLPs) for portfolio income. MLPs offer 3% yields and tax benefits.
Don’t track just Brent; real oil stress much higher, says Arvind Sanger
The Managing Partner of Geosphere Capital Management warns that focusing only on Brent understates the energy shock, with fuel products and fertilisers driving sharper inflation risks. While PSU energy firms face pricing limits, he sees renewables emerging as structural winners.
Japanese stocks slip as oil price concerns weigh on sentiment
The decline came as oil prices moved higher due to fears of supply disruptions in the Middle East. Iran has increased attacks on key energy infrastructure, raising concerns about the stability of global oil supply.
China stocks fall as global tensions and oil concerns weigh on China markets
Sentiment was pressured by rising tensions in the Middle East and higher oil prices. Iran has stepped up attacks on energy infrastructure, increasing concerns about supply disruptions and global stability.