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Asian stocks rise as Mideast mediation takes oil lower

Asian stocks rise as Mideast mediation takes oil lower

By Ankur Banerjee SINGAPORE, July 21 (Reuters) - Asian stocks gained on Tuesday as mediation efforts in the Middle East pushed oil prices away from a one-month high, while investors braced for a slate of corporate earnings that will test an under pressure AI trade.

Trading Day: War clouds darken

Trading Day: War clouds darken

By Jamie McGeever ORLANDO, Florida, July 20 (Reuters) - Escalating tensions in the Middle East finally weighed on Wall Street on Monday, after investors had earlier bought back beaten-down chip stocks ahead of some big tech earnings reports later this week, while the war jitters lifted oil prices,

Morning Bid: Rising oil, yields rain on AI party

Morning Bid: Rising oil, yields rain on AI party

A look at the day ahead in European and global markets from Wayne Cole. As Spain was hoisting the World Cup, the U.S. military was starting its ninth straight day of attacks on Iran, which in turn was striking targets across the region.

Wall Street holds steadier as chip companies swing back upward

Wall Street holds steadier as chip companies swing back upward

Wall Street is holding steadier, as stocks of chip companies and other winners of the artificial intelligence-boom swing back upward on their roller-coaster ride

Dollar near one-week high as markets grapple with Gulf tensions

Dollar near one-week high as markets grapple with Gulf tensions

By Jiaxing Li HONG KONG, July 21 (Reuters) - The U.S. dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy supplies while hopes for a ceasefire offered some relief.

Oil prices dip as mediation efforts offset US-Iran strikes

Oil prices dip as mediation efforts offset US-Iran strikes

By Ishaan Arora July 21 (Reuters) - Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen's Houthis.

Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifted through a quiet day of trading as AI stocks trimmed some of their sharp recent losses

Morning Bid: The most violent ceasefire

Morning Bid: The most violent ceasefire

By Mike Dolan What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With TV screens dominated by all the hoopla surrounding Spain’s World Cup victory this weekend, some may have failed to notice that the Iran conflict appears to have descended into a full-

World shares are mixed and South Korea's Kospi drops 4.5% as some AI stocks swoon

World shares are mixed and South Korea's Kospi drops 4.5% as some AI stocks swoon

World shares are mixed and South Korea's Kospi has fallen 4.5% as investors unload more stocks linked to artificial intelligence

Dollar firmer as US-Iran conflict intensifies, Brent hits $90

Dollar firmer as US-Iran conflict intensifies, Brent hits $90

By Gregor Stuart Hunter SINGAPORE, July 20 (Reuters) - The dollar made a modest advance against most of its global peers at the start of Asian trading on Monday as the conflict in the Middle East escalated, with oil prices rising and investor confidence remaining fragile after turbulence last week.

Wall Street futures rise, oil prices retreat despite an escalation in fighting by the US and Iran

Wall Street futures rise, oil prices retreat despite an escalation in fighting by the US and Iran

Wall Street futures were rising in premarket trading and oil prices retreated, but not before a gallon of gas in the U.S. breached the $4 level again

Oil Prices Surge Amid Renewed U.S.-Iran Hostilities and Threat of Red Sea Closure

Oil Prices Surge Amid Renewed U.S.-Iran Hostilities and Threat of Red Sea Closure

Oil prices have risen sharply as tensions between the U.S. and Iran escalate, with both nations engaging in military strikes across the Gulf region. The potential closure of the Red Sea shipping route, coupled with restricted traffic through the Strait of Hormuz, has contributed to the price increase. Brent crude futures rose by 4.59% to $88.10 per barrel, while U.S. West Texas Intermediate futures increased by 4.48% to $82.49. The conflict has led to a significant decline in oil flows through the Strait of Hormuz, which previously accounted for about 20% of global oil supplies. Saudi Arabia has redirected a substantial portion of its oil exports to the Red Sea port of Yanbu to avoid the Strait, highlighting the strategic importance of alternative routes.