[MARKET UPDATE] WTI and Brent futures see a dip of around USD 0.70/bbl in a minute with a volume surge observed; newsflow remains light
The dip in WTI and Brent futures, accompanied by a surge in volume, suggests a quick reaction in the market, potentially driven by technical factors rather than fundamental news, given the light newsflow.
BoK Deputy Governor says it is time to think about a rate hike, Yonhap reports; cites more resilient growth and higher inflation than expected
Australian TD-MI Inflation Gauge (Apr) M/M 0.6% (Prev. 1.3%); Y/Y 4.3% (Prev. 4.3%)
[MARKET UPDATE] WTI and Brent futures see a dip of around USD 0.70/bbl in a minute with a volume surge observed; newsflow remains light
PRE-MARKET TAIWANESE AND SINGAPOREAN STOCKS NEWS
[MARKET UPDATE] Crude continues ticking higher and closes the gap seen at the open following the UKMTO report of an incident 78 NM north of Fujairah, UAE; WTI Jun top end of 99.11-102.26/bbl range, Brent Jul top end of 105.55-108.80/bbl range
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Traders should watch for any subsequent developments that might clarify the reason for this movement, as it may indicate broader sentiment shifts or liquidity issues in the market.
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