[MARKET ANALYSIS] Oil prices are rangebound as participants await any developments from indirect talks in Doha
[MARKET ANALYSIS] T-note futures remain subdued after sliding alongside hawkish Fed bets
KKR (KKR) launches renewable energy platform with SK Group in a JV valued at KRW 2tln
[MARKET ANALYSIS] Oil prices are rangebound as participants await any developments from indirect talks in Doha
Hedge funds dumped tech stocks at the fastest pace in over a decade last week, cutting exposure to US technology media and telecom stocks, while they slash US equity exposure to record low and turned most underweight since data began, via source on X
Chinese RatingDog Manufacturing PMI (Jun) 51.7 vs. Exp. 51.7 (Prev. 51.8, Low. 51, High. 52.3)
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WTI/Brent: WTI Aug'26 +0.3% / Brent Sep'26 +0.2%
- Oil futures are rangebound after recent choppy trade as participants await any developments from Doha, where US and Iranian officials have travelled to and are said to be conducting 'indirect' talks with mediators after Iran refused to meet with US envoys. Furthermore, prices were also not helped by reports that Iran has exported 50mln bbls of crude oil since the US-imposed blockade was lifted two weeks ago.
Gold: -0.8%
- Trickled lower and returned to beneath the USD 4,000/oz level as the buck strengthened and yields climbed higher amid Fed rate hike bets.
Copper: -1.6%
- Retreated as the risk sentiment in Asia somewhat deteriorated.
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