Author: FX
G7 leaders will hold emergency talks later Wednesday on energy coordination as Middle East tensions push oil prices higher.Summary:French President Emmanuel Macron will host a video call of G7 leaders on Wednesday to discuss energy market impacts from Middle East tensions.The meeting is scheduled for 1400 GMT, according to the Elysee.Leaders will consider coordinated measures to stabilise energy markets.Canadian Prime Minister Mark Carney suggested the G7 could tap strategic oil reserves to offset rising prices linked to the Iran conflict.The discussion comes amid concerns that regional conflict could disrupt global oil supply and push prices higher.Leaders of the Group of…
Markets whipsawed through Tuesday’s session as escalating military tensions between the United States and Iran drove extreme volatility in oil prices, with crude plunging early in the U.S. session amid reports of potential strategic petroleum reserve releases even as President Trump warned Iran against mining the Strait of Hormuz. Equities struggled to find direction amid the energy market turbulence, while the U.S. dollar traded choppy before closing mixed but arguably net higher against most major currencies as geopolitical risk appetite fluctuated throughout the session. Check out the forex news and economic updates you may have missed in the latest trading…
Rivian Automotive (RIVN) is currently up around 7% on the day after the stock received several upgrades ahead of its new vehicle launch. Earlier in the session, the stock was up more than 10% before pulling back slightly. When I look at the technicals on RIVN today, the move higher is clearly being driven by increased optimism surrounding the company’s upcoming vehicle release and the positive sentiment from those analyst upgrades.For those unfamiliar with the company, Rivian Automotive is an electric vehicle manufacturer focused primarily on the adventure and outdoor vehicle market. The company went public in late 2021 and…
Moog prices $500M senior notes offering due 2034 Source link
Every Magnificent Seven stock is down in 2026. Microsoft has dropped 17%, Amazon is off 14%, and even NVIDIA has slipped 4.6%. Meanwhile, energy stocks are up 23% and materials have gained 18%. Money is flowing out of big tech. But next week could change the story. From March 16-19, NVIDIA hosts its GPU Technology Conference (GTC) in San Jose. Over 30,000 people from 190+ countries will attend, and CEO Jensen Huang’s keynote on Monday has become the most anticipated tech event of the quarter. Source link
High Yield: 3.579% vs 6-month avg. 3.563%WI level at the time of the auction 3.568%Tail 1.1 bps vs 6 month average of -0.6 bpsBid-to-Cover 2.55X vs 6 month average of 2.69xDealers 19.5% vs 6 month average of 10.5%Directs 20.7% versus 6 month average of 25.3%Indirects: 59.8% versus 6 month average of 64.3%AUCTION GRADE: DNot a good auction as the dealers were saddled with 19.5% while above the 10.5% 6 month average. The tail was 1.1 basis points which was also well above the -0.6 basis point average. Both domestic and international demand was well below the averages. The only reason…
West Texas Intermediate (WTI) US Oil corrects lower on Tuesday, with the price trading around $82.30 at the time of writing, down 1.15% on the day as markets reassess supply risks following comments from international energy officials.The decline comes after remarks reported by Reuters suggesting that G7 countries are considering the possibility of releasing strategic Oil reserves to stabilize markets amid current supply disruptions.Japan’s Industry Minister Yoji Muto Akazawa said on Tuesday that he discussed the global energy situation with G7 energy ministers, including the potential release of strategic Oil reserves if necessary. According to Akazawa, the G7 confirmed its…
Warren blasts Trump administration on handling of Paramount-Warner deal review Source link
ABM Q1 2026 slides: revenue beats offset by margin pressure Source link
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