[MARKET ANALYSIS] Oil futures are positive but with gains capped amid the ongoing geopolitical backdrop and a substantial inventory build
Oil futures are seeing mild gains, yet these are constrained by geopolitical tensions and a notable inventory build.
[MARKET ANALYSIS] T-note futures are lacklustre after recent curve flattening and after some AI disruption fears were eased
US President Trump has entered the House chamber to deliver the State of the Union Address
[MARKET ANALYSIS] Oil futures are positive but with gains capped amid the ongoing geopolitical backdrop and a substantial inventory build
Japanese PM Takaichi says closely watching FX moves with a high sense of urgency
Hyundai Motor (005380 KS) is to announce multi billion dollar investment for data centre and robot factory in South Korea, while it will sign a preliminary deal on Friday
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WTI/Brent: WTI Apr'26 +0.6% / Brent May'26 +0.6%
- Oil futures are mildly positive but with gains capped after the prior day's choppy price performance in which pressure was seen after comments from Iran's Deputy Foreign Minister that Tehran is ready to take any necessary step to reach a deal with the US, and a strike on Iran is a real gamble, while the latest private sector inventory data showed a significant build of 11.4mln bbls for headline crude stockpiles.
Gold: +0.8%
- Gradually edged higher with upward momentum seen as Shanghai commodities trading got underway.
Copper: +0.1%
- Remains afloat near the USD 6.00/lb level after gaining yesterday amid the turnaround in risk sentiment.
The remarks from Iran's officials regarding potential negotiations with the U.S. contribute to market uncertainty, while a substantial increase in crude stockpiles adds further pressure, reflecting supply dynamics that could influence pricing and risk sentiment across commodities.
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