[MARKET ANALYSIS] Oil futures decline and precious metals are supported with tariffs and geopolitics in the limelight
Oil futures are under pressure due to rising trade-related uncertainties stemming from President Trump's tariff increase, which is likely to affect sentiment in the energy markets.
[MARKET ANALYSIS] T-note futures are higher following recent tariff developments, but with upside capped amid the closure of overnight cash treasuries trade due to the Japan holiday
China's MOFCOM says it is assessing the US Supreme Court's ruling on tariffs and urges the US to lift unilateral tariffs on trading partners
[MARKET ANALYSIS] Oil futures decline and precious metals are supported with tariffs and geopolitics in the limelight
New Zealand Credit Card Spending YoY (Jan) Y/Y 1.0% (Prev. -0.2%, Rev. From -0.3%)
[MARKET UPDATE] Hang Seng rallies amid tech strength with the benchmark index and Hang Seng TECH Index advancing around 2% as the region reacts to the SCOTUS ruling against US President Trump's IEEPA tariffs
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
WTI/Brent: WTI Apr'26 -0.9% / Brent -0.7%
- Oil futures declined at the reopen amid trade-related uncertainty following US President Trump's latest response to SCOTUS striking down his IEEPA tariffs, whereby he raised global tariffs to 15% from the initial 10% that was announced on Friday. The attention also remains on geopolitics as US-Iran talks are set to resume this week, with an Iranian official noting that the possibility of reaching an interim agreement exists and that US companies can always participate as contractors in Iran's oil and gas fields.
Gold: +1.0%
- Gained a firmer footing after it recently climbed back above USD 5100/oz as trade-related uncertainty boosts haven appeal and with silver leading the advances.
Copper: +0.2%
- Copper holds on to recent gains as markets digest the latest tariff developments, with US President Trump's 15% flat-rate tariff seen to benefit countries such as China and Brazil the most.
Conversely, precious metals like gold are finding support as traders turn to safe-haven assets amidst geopolitical tension, particularly with upcoming US-Iran talks suggesting a complex backdrop that may influence both trade and energy supplies.
Related headlines
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed1 hour ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks2 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger; DEC to acquire Birch Resources for USD 1.8bln1 hour ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources1 hour ago
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the rebound on Wall St as yields eased6 hours ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates1 hour ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 3 hours ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind56 min ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement1 hour ago
- Russian Deputy PM Novak says OPEC's role in the market remains important; will continue to exert significant influence on the oil market because of its high output4 hours ago
- [MARKET ANALYSIS] Dollar is marginally softer with a mixed performance against major peers, while JPY continues its outperforms despite no obvious news catalysts6 hours ago
- [MARKET ANALYSIS] JPY rallies against all G10 peers, most pronounced against USD into payrolls on Friday2 hours ago
- UAE President received a phone call from US Presiednt Trump; the two discussed cooperation and developments in the Middle East, WAM reports4 hours ago
- [MARKET UPDATE] Yen strength continues with USD/JPY below 157.50, EUR/JPY below 183.00 - no headline driver but traders cite increased BoJ hike bets3 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) international investment arm sent a team to Venezuela to review assets after receiving clearance from the US6 hours ago
- [MARKET UPATE] Further JPY strength with EUR/JPY below 182, USD/JPY beneath 157 to a 156.63 base, surpassing 7th August low2 hours ago
- India and China could hold talks on the sidelines of BRICS summit, Indian Trade Minister says 2 hours ago
- European Equity pre-Market Summary - 3rd September 2026: Choppy Asia-Pac trade as South Korean chip names fall in late trade3 hours ago
- BoJ accounts show there was no large-scale yen intervention on Wednesday55 min ago
- Iran reportedly threatened the US with a large-scale attack if Israel launches an attack on the Ali al-Taher ridge, southern Lebanon, Reuters reports citing sources1 hour ago
The whole workspace, free to try.
Try it free