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Morgan Stanley warns oil market in ‘race against time’ as Strait of Hormuz remains shut amid Iran war
Morgan Stanley warned that global oil markets are in “a race against time” as prolonged disruption in the Strait of Hormuz could sharply tighten supplies and push crude prices higher. Analysts said current market buffers may weaken if the closure extends into late June or July, raising risks for global energy markets.
Oil Market in ‘Race Against Time’ on Hormuz, Morgan Stanley Says
The oil market is in “a race against time” as the factors that combined to restrain price rises from the Iran war so far may no longer hold if the Strait of Hormuz stays closed into June, according to Morgan Stanley.
West Asia situation, crude prices likely to steer stock markets this week
Stock markets are expected to remain sensitive to geopolitical developments this week, with investor attention firmly focused on events surrounding the ongoing USIran situation and crude oil prices, analysts said. Besides, the rupee-dollar trend and trading activity of foreign investors would influence trading in the markets, they noted. "Markets this week are expected to remain highly volatile and largely driven by geopolitical headlines, with investor attention firmly focused on developments surrounding the ongoing USIran situation," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Brent crude oil will remain a critical macro variable for market direction, he said. "A sustained decline in crude prices below the USD 90 mark, or meaningful progress towards de-escalation, could support relief rallies across risk assets. Conversely, prolonged geopolitical uncertainty or renewed tensions may continue to weigh on sentiment and keep volatility elevated," Ponm
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...
Dow opens 170 points higher as Wall Street extends rally on Iran peace hopes
US stocks open higher as S&P 500, Nasdaq and Dow rise, oil falls on progress in US-Iran talks, AI tech and strong earnings lift sentiment, layoffs rise but jobless claims ease
US stock market today: Dow, Nasdaq futures rise up to 0.7% as tech earnings offset oil worries
US stock futures indicate a positive opening as investors assess mixed tech earnings and rising oil prices. While Wall Street is set for significant monthly gains, geopolitical tensions with Iran and inflation fears pose challenges.
US stock market today: Dow, S&P 500 futures flat ahead of Fed decision, megacap earnings
US stock futures traded flat as investors awaited the Federal Reserve's policy decision and earnings from major tech companies. Concerns over OpenAI's missed targets and rising crude oil prices influenced market sentiment, while the UAE's exit from OPEC added pressure on global supply.
European stocks fall as traders wait for tech earnings, Fed meeting
Analysts said the United Arab Emirates' decision to quit OPEC was unlikely to have a major near-term impact on prices, though it would weaken the oil producers' group
From Gift Nifty, US tech stocks to crude oil prices: 8 key things that changed for Indian stock market overnight - Mint
From Gift Nifty, US tech stocks to crude oil prices: 8 key things that changed for Indian stock market overnightMint
US stocks pause record rally as oil climbs on Iran tensions, focus shifts to Big Tech earnings
Iran’s Foreign Minister Abbas Araghchi told President Vladimir Putin he’s committed to strengthening the country’s partnership with Russia, as talks with the US on ending an eight-week war remain at an impasse.
Tech selloff, oil spike snap three-day winning streak for markets
Benchmark indices fell as IT stocks slumped and crude oil prices surged, with geopolitical tensions and profit-booking weighing on investor sentiment
Top Gainers & Losers on April 22: HCL Tech, Tata Elxsi, Infosys, Bajaj Auto, Nykaa, PTC Industries among top losers
The Indian stock market experienced a sell-off on April 22, closing lower as technology stocks plunged. The Nifty 50 fell 0.81%, and S&P BSE Sensex declined 0.95%, with investors wary of US-Iran tensions and fluctuating crude oil prices.