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US Equity Futures Lower Pre-Bell as Trump Says Middle East Ceasefire on 'Life Support'

US equity futures were lower pre-bell Tuesday as the standoff continued in the Middle East, with the ceasefire between the US and Iran on shakier ground after President Donald Trump said it was "on life support."Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.8% lower.Trump told reporters in the White House that the month-old truce is "unbelievably weak." He had rejected Iran's response to the US peace proposal. Iran's most recent counteroffer had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets.Traders monitored the latest round of earnings, with Sea (SE) and Venture Global (VG) posting higher Q1 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.2% at $107.57 per barrel and US West Texas Intermediate crude 3.1% higher at $101.08 per barrel.The April consumer price index, released at 8:30 am ET, gained 0.6% as expected, compared with a 0.9% increase in the previous month, according to estimates compiled by Bloomberg.Federal Reserve Chicago President Austan Goolsbee is slated to speak Tuesday.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was 1.1% lower in Europe's early afternoon session.In equities, Novo Nordisk (NVO) stock was up 2.5% after the company said a higher dose of its Wegovy drug helped people with obesity lose "significant amounts" of weight irrespective of how quickly their body responds to the treatment, based on a new sub-analysis from a clinical trial. Sea and Venture Global shares were up 11% and 9.4%, respectively, after the companies reported their Q1 financial results.On the losing side, Dell Technologies (DELL) shares were down 2.1% after UBS downgraded the stock to neutral from buy. Hims & Hers Health (HIMS) stock was down 15% after the company reported a swing to Q1 loss.

Dow JonesNasdaq CompositeS&P 500$DELL$HIMS$NVO$SE$VG

Asia Markets42d ago

Tadawul Shares Close Lower on Tuesday as US Inflation Rises in April

The Tadawul All Share Index is back in the red at 1.07% on Tuesday as investors tuned in to the world's biggest economy's latest inflation print for April and its possible effect on the US Federal Reserve's next policy moves.The US annual inflation rate rose to 3.8% in April, compared with 3.3% in the prior month. The core rate, meanwhile, also climbed to 2.8% from 2.6% in March."That core figure is ultimately what matters most for the Fed. Still, it is probably too early to expect clear evidence of second‑round effects, and we suspect that a hotter‑than‑expected headline print could be sufficient to give the recent hawkish repricing in the USD swap curve some additional momentum. There is currently 7bp of Fed tightening in the curve by year-end," ING said in a note.In other news, market watchers are also focusing on US President Donald Trump's visit to China from Thursday to Friday. The meeting, which will also be attended by a business delegation, will focus on trade deals, Reuters reported.Back at home, L'azurde Co. for Jewelry (SASE:4011), Almoosa Health (SASE:4018), and Obeikan Glass (SASE:4145) posted lower attributable net profit for the first quarter of 2026. However, all three stocks logged higher revenue for the three months ended March 31.L'azurde Co. for Jewelry, Almoosa Health, and Obeikan Glass closed 2.35%, 3.47%, and 8.93% lower, respectively.Meanwhile, on the corporate front, Arabian Pipes Co. (SASE:2200) ticked up 3.29% as it secured a 12-month deal to produce and deliver OCTG Casings pipes to Kuwait's KAC Trading.

^TASISASE:2200SASE:4011SASE:4018SASE:4145

Asia Markets42d ago

Abu Dhabi, Dubai Shares End Lower as Corporate Earnings Remain in Focus

Stocks in the United Arab Emirates ended lower as investors dissected the latest earnings reports from the region to assess the impact of ongoing geopolitical tensions on the companies' profits.At the close of Tuesday trading, the FTSE ADX General Index lost 0.905%, while the DFM General Index shed 0.641%.Adnoc Gas (ADX:ADNOCGAS), Lulu Retail (ADX:LULU), and Abu Dhabi Aviation (ADX:ADAVIATION) all recorded lower first-quarter attributable profits. Stocks of Adnoc Gas and Lulu Retail closed the session 2.96% and 3.30% in the red, respectively, while Abu Dhabi Aviation gained 0.58%.Over to Dubai, Deyaar Development (DFM:DEYAAR) and Talabat's (DFM:TALABAT) attributable profits for the period also dropped year over year. Deyaar Development shed 1.10%, while Talabat lost 1% at the close of trading.Conversely, Dubai Electricity and Water Authority (DFM:DEWA), d/b/a Dewa, logged a higher attributable profit for the quarter and an 8.18% year-over-year growth in revenue. Its shares closed 2.96% in the green."DEWA delivered an exceptional start to 2026, achieving its highest-ever first-quarter revenue, EBITDA, operating profit and net profit. Consolidated net profit for the first quarter increased by nearly 90% compared with the same period last year, while clean energy accounted for 18.5% of total power generated during the quarter. We had a record quarterly revenue of AED 6.45 billion, EBITDA of AED 2.88 billion, operating profit of AED 1.29 billion and net profit of AED 0.94 billion," Dewa's Chief Executive Officer Saeed Mohammed Al Tayer commented.Across the pond, US President Donald Trump is set to meet his Chinese counterpart, Xi Jinping, this week. The two leaders are expected to discuss tensions over Iran, Taiwan, nuclear weapons, and artificial intelligence."President Trump warned the ceasefire with Iran is 'on life support' after Tehran's counterproposal. Brent crude is trading around USD105/bbl this morning, extending gains from yesterday's session. Trump is reportedly meeting his national security team to consider next steps, including a possible resumption of military action and a renewed naval mission in the Strait of Hormuz. The conflict is also likely to be on the agenda when he meets President Xi Jinping this week," Danske Bank said.

^DFMGI^FADGIADX:ADAVIATIONADX:ADNOCGASADX:LULUDFM:DEWADFM:DEYAARDFM:TALABAT

Asia Markets42d ago

Indian Equities Extend Losses on Tuesday as Oil Fears, Weak Rupee Hit Sentiment

Indian benchmark indices extended losses on Tuesday as selling pressure deepened across sectors amid concerns over a prolonged oil shock and weak global cues.The BSE Sensex fell 1,456.04 points, or 1.9%, to close at 74,559.24, while the NSE Nifty 50 dropped 436.30 points, or 1.8%, to settle at 23,379.55.Markets saw sharp pressure as technology stocks weakened and the rupee slipped to fresh lows, adding to already fragile sentiment. Investors also stayed cautious amid uncertainty around the U.S.-Iran conflict, while expectations of prolonged disruption in crude supply kept energy-related risks elevated.Rising Brent oil prices and discussions around domestic austerity measures further weighed on risk appetite.In corporate developments, Dynamic Cables (NSE:DYCL, BOM:540795) reported a rise in fiscal Q4 profit to 241.7 million rupees from 235.6 million rupees a year earlier.JSW Steel (NSE:JSWSTEEL, BOM:500228) reported a 1% year-on-year decline in April crude steel production to 2.12 million tons, impacted by a planned shutdown at its Vijayanagar plant for expansion work.

^BSENifty 50BOM:500228BOM:540795NSE:DYCLNSE:JSWSTEEL

Asia Markets43d ago

US Equity Indexes Advance, Treasury Yields Rise With Crude Oil as Trump Explores Options to Tame Iran

US equity indexes rose on Monday, alongside crude oil futures and Treasury yields, as President Donald Trump reportedly planned to meet national security officials after rejecting Iran's response to a proposal to restart the peace process.The S&P 500 climbed 0.2% to 7,412.84, the Dow Jones Industrial Average rose 0.2% to 49,706.47, and the Nasdaq Composite advanced 0.1% to 26,274.13. The S&P 500 and the Nasdaq scaled new all-time peaks intraday.Energy was the top gainer at the close, ahead of materials, technology, and industrials. Communication services and consumer staples led the decliners.Heavyweights Qualcomm (QCOM), Micro Technology (MU), Tesla (TSLA), and Intel (INTC) were among the top five gainers intraday in a category of stocks with a market capitalization of more than $200 billion, according to data compiled by Finviz.President Trump said the US-Iran ceasefire is on "massive life support," after he rejected Tehran's response to his peace proposal as unserious, according to a report from The Wall Street Journal. Iran had demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through Hormuz, a person familiar with the matter told Bloomberg.Trump, who has endorsed suspending the federal gasoline tax "for a period of time" in an interview with CBS News on Monday, is meeting his national security team to discuss the way forward, including possibly resuming military action against Iran, three US officials told Axios.The US officials said Trump wants a deal to end the war, Axios reported. But Iran's rejection of many of Trump's demands and refusal to make meaningful concessions on its nuclear program puts the military option back on the table, the news report added.West Texas Intermediate crude oil futures rose 3% to $98.26, and Brent crude futures increased 3% to $104.27.US Treasury yields rose, with the 10-year up 4.8 basis points to 4.41% and the two-year rate higher by 6.1 basis points to 3.95%.In economic news, the pace of US existing home sales rose 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below expectations for a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Monday showed. Total sales were unchanged from a year earlier.In company news, Lumentum (LITE) said Monday that its stock will be included in the Nasdaq-100 Index, effective May 18. Shares surged 17%, the top gainer on the S&P 500.HSBC downgraded Trade Desk (TTD) to reduce from hold while adjusting its price target to $20 from $31. Shares slumped 7.4%, among the worst performers on the S&P 500.In precious metals, gold futures rose 0.4% to $4,747.2, and silver futures surged 7.5% to $86.91.

Dow JonesNasdaq CompositeS&P 500$INTC$LITE$MU$QCOM$TSLA$TTD

Asia Markets43d ago

Exchange-Traded Funds Higher, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) gained 0.3%.US equity indexes traded mixed midday Monday as crude oil futures rose after President Donald Trump rejected Iran's response to his proposal to restart the peace process.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added 2.4%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 1.2%; iShares US Technology ETF (IYW) climbed 0.7%, and iShares Expanded Tech Sector ETF (IGM) gained 0.6%.The State Street SPDR S&P Semiconductor (XSD) rose 2.4%, and iShares Semiconductor (SOXX) advanced 2.3%.FinancialThe State Street Financial Select Sector SPDR (XLF) fell 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.6%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed up 0.6%.CommoditiesCrude oil rose 4.3%, and the United States Oil Fund (USO) jumped 4.6%. Natural gas gained 5%, and the United States Natural Gas Fund (UNG) rose 5.3%.Gold on Comex and the State Street SPDR Gold Shares (GLD) each eased 0.1%. Silver climbed 6.2%, and iShares Silver Trust (SLV) gained 5.6%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) fell 1.3%. The Vanguard Consumer Staples ETF (VDC) dropped 1.6%, and iShares Dow Jones US Consumer Goods (IYK) declined 0.4%.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 0.6%. VanEck Retail ETF (RTH) dropped 1.5%, and the State Street SPDR S&P Retail (XRT) slumped 3.3%.Health CareThe State Street Health Care Select Sector SPDR (XLV) fell 0.2%, iShares US Healthcare (IYH) shed 0.3%, and Vanguard Health Care ETF (VHT) declined 0.3% lower. IShares Biotechnology ETF (IBB) gained 0.3%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 1.1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) added 0.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 1.9%, ProShares Ether ETF (EETH) gained 0.7%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.8% higher.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Asia Markets43d ago

US Equity Indexes Mixed, Crude Oil Rises With Treasury Yields as Iran Ceasefire on 'Massive Life Support'

US equity indexes traded mixed midday Monday, while crude oil futures rose with Treasury yields, after President Donald Trump rejected Iran's response to its proposal to restart the peace process.The Nasdaq rose 0.2% to 26,302.1 after touching a record 26,339.78 intraday. The S&P 500 climbed 0.3% to 7,417.2 after hitting an all-time high of 7,423.59 earlier in the session. The Dow Jones Industrial Average was steady to slightly lower at 49,604.7.Energy was the standout gainer, followed by materials and technology. Communication services and consumer staples led the decliners.Tech heavyweights Qualcomm (QCOM), Micro Technology (MU), and Nvidia (NVDA) were among the top 10 gainers intraday in a category of stocks with a market capitalization of more than $200 billion, according to data compiled by Finviz.The US and Iran remained far apart on a framework to end their war and reopen the Strait of Hormuz, with Trump calling the Islamic Republic's reply to his proposed peace plan unworkable, Bloomberg reported. Tehran demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through Hormuz, a person familiar with the matter told Bloomberg.Trump said the ceasefire between the US and Iran is on "massive life support," after he rejected Iran's response to a proposal for ending the war as unserious, according to a report from The Wall Street Journal.West Texas Intermediate crude oil futures rose 3.4% to $98.69, and Brent crude futures increased 3.3% to $104.66.US Treasury yields rose, with the 10-year up 3.8 basis points to 4.4% and the two-year rate higher by 3.6 basis points to 3.93%."Oil price dynamics remain crucial for bond markets and should set a bearish tone at the start of the week," Commerzbank's Hauke Siemssen and Erik Liem were cited as saying in a report from The Wall Street Journal on Monday.In economic news, the pace of US existing home sales rose 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below expectations for a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Monday showed. Total sales were unchanged from a year earlier.In company news, Lumentum (LITE) said Monday that its stock will be included in the Nasdaq-100 Index, effective May 18. Shares surged 17%, the top gainer on the S&P 500.HSBC downgraded Trade Desk (TTD) to reduce from hold while adjusting its price target to $20 from $31. Shares slumped 7.5%, the worst performer on the S&P 500.In precious metals, gold futures slipped less than 0.1% to $4,730.1, and silver futures jumped 6.7% to $86.28.

Dow JonesNasdaq CompositeS&P 500$LITE$MU$NVDA$QCOM$TTD

Asia Markets43d ago

Swiss Stocks Kick Off Week Little Changed; Ams-Osram Shares Gain

The Swiss Market Index was 0.01% higher on Monday's close, as investors gear up for a busy week of economic data prints and business surveys across Europe and other major global markets.ABB (ABBN.SW) is investing $200 million over the next three years to bolster its medium-voltage manufacturing and technology capabilities in Europe, with $100 million earmarked for a new facility in Italy. The other half will be allocated for capacity expansion projects across the Switzerland-based electrification and automation company's manufacturing facilities in Bulgaria, Finland, Germany, Norway and Poland. The stock was up 1.88% at closing.Ams-Osram (AMS.SW) saw its shares surge 13.22% as it agreed to sell its CMOS Image Sensor business to indie Semiconductor for a total consideration of 40 million euros. The divestment is part of the light and sensors manufacturer's accelerated deleveraging plan and continued efforts to focus on core digital photonics growth vectors, with the deal anticipated to complete within the next six months."While [CMOS Image Sensor] represents a strong technology platform, our strategic priority is to concentrate investments on those AI driven segments that offer the most promising growth prospects and where we clearly differentiate - including AI Photonics and AR smart glasses," Ams Osram Chief Executive Officer Aldo Kamper said. "At the same time, the expected cash proceeds provide an additional contribution to our accelerated balance sheet deleveraging. Our transformation into the Digital Photonics powerhouse is progressing."Switzerland's economic news calendar was empty for the day, while the release of the country's April producer and import prices and first-quarter industrial production data are on this week's agenda. Market watchers are also awaiting the April US inflation rate figures and Eurozone ZEW Economic Sentiment Index for May, among other key data releases.

^SSMI$ABBN.SW$AMS.SW

Asia Markets43d ago

German DAX Closes Flat Amid Stalled US-Iran Peace Talks

German shares were little changed, with the blue-chip index gaining 0.05% at Monday's close, as peace negotiations between the US and Iran remain in limbo.The diplomatic impasse deepened Sunday as Iran's latest offer, which included war reparations, the end of the US naval blockade, and recognition of the country's sovereignty over the Strait of Hormuz, was summarily dismissed by US President Donald Trump as "totally unacceptable" in a post on his social media platform Truth Social. Danske Bank noted that oil prices saw a 6% gain over May 8's close, with Brent trading around $106 per barrel by Monday morning.For the week ahead, key European economic releases include Germany's final April inflation and May ZEW survey on Tuesday, alongside first-quarter gross domestic product and industrial production figures for the broader eurozone on Wednesday. The market is also expected to focus on the meeting between Trump and Chinese President Xi Jinping scheduled for Thursday and Friday.On the corporate side, E.ON (EOAN.F) climbed 1.87% after agreeing to purchase British energy supplier Ovo. The acquisition is expected to bring 4 million customers to the German utility company and bolster its digital energy business.Meanwhile, Hannover Re (HNR1.F) slipped 2.62% at the end of the trading day, as the German reinsurer's first-quarter net income of 710.6 million euros missed the consensus estimate of 721 million euros, overshadowing the 47.9% surge in annual earnings."Q1 net income was a 1% miss, with [property and casualty] top-line a big miss and [life and health] top-line a beat... Negatives were L&H EBIT at EUR204m (20% miss vs cons EUR254m), driven by lower investment income and a negative currency result, and P&C revenue at EUR4,480m (13% below cons) due to [foreign exchange and structured reinsurance] volume declines, with Q1 new business [contractual service margin] -27% y/y," RBC Capital Markets said in a quick-take report. "While the stock has been weak into results, and the shares trade on a recent PE low, we would expect a muted first reaction, although the key message of resiliency is likely to resonate with existing shareholders."

^DAX$EOAN.F$HNR1.F

Asia Markets43d ago

UK Shares Gain Amid PM Starmer's 'Reset' Speech; Compass Advances

London's FTSE 100 closed 0.36% in the green on Monday as Prime Minister Keir Starmer vowed to reinforce ties with Europe as part of efforts to create a "stronger, fairer Britain.""The last government was defined by breaking our relationship with Europe. This Labour government will be defined by rebuilding our relationship with Europe by putting Britain at the heart of Europe so that we are stronger on the economy, stronger on trade, stronger on defence, you name it," Starmer said in his so-called reset speech.Amid calls for him to quit, Starmer's speech in Central London also included a proposal to nationalize British Steel, pending a public interest test and royal assent of the new bill, which will be formally presented to parliament this week."Strong domestic steel production is vital for our economy, and this legislation would allow us to ensure stability for British Steel's workers, suppliers and customers and avoid damaging disruption to crucial supply chains, while we consider options for the [Scunthorpe] site's future," said Business Secretary Peter Kyle.In corporate news, food services company Compass Group (CPG.L) climbed 2.34% after profit attributable to equity shareholders for the six months ended March 31 increased year over year to $1.07 billion from $919 million on revenue growth."A solid H1 performance ~1% ahead of consensus for underlying EBITA and EPS. Net new business wins of +3.8% for H1 a touch below the typical 4-5% range (with Q2 implied rate muddied by Q1 rounding), but promise of H2 acceleration should be taken reassuringly. Guidance for FY underlying EBITA growth ticked up by at least 1 pp which appears to be driven by organic operating leverage," RBC Capital Markets said in its quick take note.International Consolidated Airlines Group (IAG.L) was one of the top stocks, rising 6.42%, amid plans to repurchase its outstanding 825 million euros of 1.125% senior unsecured convertible bonds due 2028.

FTSE 100$CPG.L$IAG.L

Asia Markets43d ago

European Stocks Mixed in Monday Trading; Defense, Luxury Goods Stocks Drop, Mining Shares Rise

The European stock markets were mixed in Monday trading as The Stoxx Europe was 0.1% higher, Germany's DAX was up 0.1%, the FTSE 100 was gaining 0.4%, France's CAC was falling 0.7%, and the Swiss Market Index was flat.Defense stocks and Luxury goods stocks were slumping in Monday trading.Renk Group and Rheinmetall were falling 7% and 3% respectively in Frankfurt, while BAE Systems and Thales were down about 1% each in London and Paris respectively.Shares of Louis Vuitton, Kering, and Hermes were dropping more than 3% each in Paris, as was Richemont in Zurich. Burberry was down 3.5% London, while Moncler was dropping nearly 5% in Milan.Mining stocks were climbing higher.And in corporate news, GSK has entered a collaboration with Sino Biopharmaceutical subsidiary Chia Tai Tianqing Pharmaceutical Group, or CTTQ, to accelerate the launch of bepirovirsen in mainland China, the company said Monday.Under the deal, CTTQ will purchase bepirovirsen from GSK for an initial 5.5-year term, which may be extended by mutual agreement, it said.Financial terms of the deal were not disclosed.Shares of GSK were up 0.2% in London.Rio Tinto has signed a 30-year power agreement with Yindjibarndi Energy, which will break ground on the Jinbi solar project in the Pilbara region of Australia after reaching a financial close, Rio Tinto said Monday.Under the terms of the deal, Yindjibarndi will supply the entire electricity generated by Jinbi to Rio Tinto, supporting de-carbonization of the mining giant's iron ore Pilbara operations once the project is operational.Shares of the mining company were rising close to 3% in London.

Asia Markets43d ago

European Equities Traded in the US as American Depositary Receipts Start Week on Flat Note in Monday Trading

European equities traded in the US as American depositary receipts opened the week on a flat note Monday morning, edging 0.08% higher to 1,835.34 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and biopharmaceutical company Cellectis (CLLS), which advanced 8.1% and 6.3% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and telecommunications company Ericsson (ERIC), which increased 4.9% and 3.2% respectively.The decliners from continental Europe were led by consumer goods company Unilever (UL) and biopharmaceutical company Grifols (GRFS), which fell 1.9% and 1.3% respectively. They were followed by internet browser company Opera (OPRA) and accommodations booking site trivago (TRVG), which were down 1% each.The gainers from the UK were led by cruise line operator Carnival (CUK) and pharmaceutical company Silence Therapeutics (SLN), which rose 6.6% and 4.7% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Amarin (AMRN), which were up 3.9% and 3.4% respectively.The decliners from the UK and Ireland were led by biopharmaceutical companies Akari Therapeutics (AKTX) and Mereo BioPharma Group (MREO), which lost 10% and 7.3% respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and software firm Endava (DAVA), which dropped 5.8% and 2.2% respectively.

$AKTX$AMRN$AUTL$BDRX$CLLS$CUK$DAVA$DBVT$ERIC$GRFS$MREO$OPRA$SLN$SQNS$TRVG$UL

Asia Markets43d ago

Asian Equities Traded in the US as American Depositary Receipts Open Week Lower in Monday Trading

Asian equities traded in the US as American depositary receipts opened the week tracking modestly lower Monday morning, declining 0.20% to 2,861.92 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company Himax Technologies (HIMX) and biopharmaceutical company Zai Lab (ZLAB), which surged 18.4% and 9.7% respectively. They were followed by education company 51Talk Online Education Group (COE) and education company 17 Education & Technology Group (YQ), which climbed 9.2% and 4% respectively.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services (CCM) and utilities company Korea Electric Power (KEP), which dropped 11.5% and 5.2% respectively. They were followed by used car marketplace Uxin (UXIN) and video streamlining service iQIYI (IQ), which lost 2.9% and 0.4% respectively.From South Asia, the only gainers were telecommunications operator Telekomunikasi Indonesia (TLK) and fintech firm Trident Digital Tech (TDTH), which were up 0.7% and 0.5% respectively.The decliners from South Asia were led by tech conglomerate Sea (SE) and computer hardware maker Canaan (CAN), which fell 4.8% and 2.9% respectively. They were followed by IT firm Infosys (INFY) and lender HDFC Bank (HDB), which were down 2.3% and 1.9% respectively.

$CAN$CCM$COE$HDB$HIMX$INFY$IQ$KEP$SE$TDTH$TLK$UXIN$YQ$ZLAB

Asia Markets43d ago

US Equity Futures Slightly Lower Pre-Bell as Trump Rejects Iran's Response to Peace Proposal, Oil Prices Rise

US equity futures were marginally lower pre-bell Monday as President Donald Trump rejected Iran's response to the US peace proposal, sending oil prices higher amid concerns that the closure of the Strait of Hormuz would be prolonged.Dow Jones Industrial Average futures were flat, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.1% lower.Trump said in a post on Truth Social that he found Iran's response "totally unacceptable." Iran's response had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets, the country's state media had said.Energy firm Constellation Energy (CEG) was one of the first companies to kick off earnings this week, posting higher Q1 adjusted earnings and revenue. Among the companies reporting financial results this week are Petrobras (PBR), Cisco Systems (CSCO), Alibaba Group (BABA), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.8% at $104.11 per barrel and US West Texas Intermediate crude 2.9% higher at $98.16 per barrel.Existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 2% for April after a decline of 3.6% in the prior month, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.5% lower, Hong Kong's Hang Seng ended 0.1% higher, and China's Shanghai Composite finished 1.1% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.5% lower in Europe's early afternoon session.In equities, Palantir Technologies (PLTR) stock was down 2.2% after the company's external staff and other consultants were provided unrestricted entry to identifiable medical records by the UK's National Health Service, according to a Financial Times report citing an internal briefing note.On the winning side, Intel (INTC) shares rose 5.2% after the company and Apple (AAPL) reached a preliminary agreement under which the chipmaker will make some of the chips powering Apple devices, according to a Wall Street Journal report on Friday. Barrick Mining (B) shares were up 3% after the company reported higher Q1 adjusted earnings and revenue. The mining firm also reduced its quarterly dividend and authorized a $3 billion share repurchase program. Constellation Energy (CEG) stock was up 1.3% after the company reported its Q1 financial results.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMAT$B$BABA$BN$CEG$CSCO$INTC$PBR$PLTR

Asia Markets43d ago

Tadawul Shares Continue Winning Streak Amid Corporate Earnings Bonanza

Saudi Exchange-traded shares extended a winning streak on Monday as a busy earnings day pushed the Tadawul All Share Index 0.39% in the green.Amid a myriad of new earnings reports in Saudi Arabia, Ades Holding (SASE:2382), United Electronics Co. (SASE:4003), d/b/a eXtra, and Al Mawarid Manpower (SASE:1833) posted higher net profit and revenue for the first quarter of 2026.Polyethylene pipes and fittings manufacturer Alwasail Industrial (SASE:4148), however, logged a 62.439% decline in net profit and a 12.868% decrease in revenue for the three months ended March 31.Ades Holding, eXtra, and Al Mawarid Manpower all closed in the green at 0.88%, 0.75%, and 2.65%, while Alwasail Industrial ticked down 2.08%.In international news, US President Donald Trump rejected Iran's response to its peace proposal, in which it demands the lifting of the US blockade at the Strait of Hormuz, the release of frozen Iranian assets, among others."The oil market remains heavily headline-driven, with prices surging after President Trump rejected Iran's latest peace plan proposal. One would expect the market to become increasingly fatigued by the deluge of headlines and the back-and-forth. However, oil prices remain highly sensitive to noise around Iran, highlighting the significance of the ongoing supply disruptions in the Persian Gulf," ING said in a note.Back at home and on the corporate front, Perfect Presentation for Commercial Services Co. (SASE:7204), d/b/a 2P, closed 2.04% lower as it secured a contract to deliver managed services for Prince Sattam bin Abdulaziz University's IT infrastructure, among others.

^TASISASE:1833SASE:2382SASE:4003SASE:4148SASE:7204

Asia Markets43d ago

UAE Stocks in Red as US Rejects Iran's Response to Peace Plan

Markets in the United Arab Emirates closed lower on Monday as the FTSE ADX General Index fell 0.526%, while the DFM General Index declined 1.39%.Oil prices climbed after US President Donald Trump said in a social media post that he did not like Iran's response to the US peace proposal and deemed it "totally unacceptable." According to reports, Iran's counterproposal included compensation for war damages, full sovereignty over the Strait of Hormuz, and lifting of all sanctions, among others."While optimism for an imminent deal is fading, there remains a glimmer of hope that talks between Trump and Chinese President Xi later this week could yield positive results on Iran. The hope is that China can use its influence over Iran to push it closer towards a peace deal. Clearly, this is easier said than done," ING said.As of 3:43 pm UAE time, the Brent crude oil futures stood at nearly $103.92 per barrel, up 2.60% from the previous day.On the economic front, the US Bureau of Labor Statistics will release the consumer price index report for April on Tuesday, with analysts expecting a 0.5% monthly and a 3.6% annual increase in headline inflation. Core CPI is expected to increase to 0.3% monthly and 2.6% on an annual basis.Back home and on the corporate front, Adnoc Drilling (ADX:ADNOCDRILL) recorded a 5% year-over-year growth in revenue for the first quarter, supported by increased oilfield services and offshore segment activities. Shares of the offshore drilling company closed the session 0.32% in the red.Emaar Development (DFM:EMAARDEV) and Emaar Properties (DFM:EMAAR) shed 2.11% and 1.78%, respectively, despite recording higher attributable profits. Salik (DFM:SALIK), on the other hand, lost 1.71% after its attributable profit and revenue for the period declined year over year.

^DFMGI^FADGIADX:ADNOCDRILLDFM:EMAARDFM:EMAARDEVDFM:SALIK

Asia Markets43d ago

US Equity Investors to Focus on Inflation Data, Geopolitics This Week as Earnings Slow

US equity investors will look out for consumer price inflation as hopes diminish for a return to Iran peace talks and as quarterly earnings trickle down.* The CPI on Tuesday and producer prices on Wednesday will reveal estimates for the Federal Reserve's preferred personal consumption expenditures, or PCE, inflation gauge on May 28, Scotiabank said in a note late Friday. Jerome Powell's term as Fed Chair is due to come to an end on Friday.* "More important is that after the initial energy shock to March inflation readings, April will start the long period of evaluating potential second round passthrough effects into core prices," the note said. "Keep a close eye on the breadth of price increases that has been on an upswing long predating the war and with further upside likely."* Other macroeconomic data due this week includes April's retail sales and existing home sales.* West Texas Intermediate crude oil futures jumped 2.3% to $97.94, and Brent crude futures climbed 2.5% to $103.82 early Monday. US Treasury yields also advanced, with the 10-year up 2.6 basis points to 4.39% and the two-year higher by 3.1 basis points to 3.92%.* Crude oil prices rose on Monday after President Donald Trump said Iran's response to its proposal for a halt to the war was "unacceptable."* "Oil price dynamics remain crucial for bond markets and should set a bearish tone at the start of the week," Commerzbank's Hauke Siemssen and Erik Liem was cited as saying in a report from The Wall Street Journal.* Quarterly earnings due this week include Cisco Systems (CSCO) and Applied Materials (AMAT). Tech earnings, especially the so-called AI trade, have helped investors offset the detrimental impact of the Iran war on oil prices and mounting concerns related to inflation, which has in turn pushed up bond yields.* President Donald Trump will visit China this week for a summit with his counterpart, Xi Jinping.

Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO

Asia Markets43d ago

Indian Equities Extend Losing Streak on Monday as Global Cues Weigh

Indian benchmark indices fell for a third straight session on Monday as broad-based selling pressure and weak global cues dragged the market lower.The BSE Sensex dropped 1,312.91 points, or 1.7%, to close at 76,015.28, while the NSE Nifty 50 declined 360.30 points, or 1.5%, to settle at 23,815.85.Sentiment weakened amid fading hopes of U.S.-Iran talks, after the U.S. reportedly rejected Iran's peace proposal. Rising uncertainty around the West Asia conflict and its impact on global growth concerns kept investors cautious.A sharp rebound in crude oil prices moved Brent crude back above $105 per barrel as supply risks through the Strait of Hormuz persisted.In corporate developments, Canara Bank (NSE:CANBK, BOM:532483) fell nearly 4% after reporting a decline in consolidated profit in the fiscal fourth quarter to 45.7 billion rupees from 50.7 billion rupees a year earlier. Earnings per share slipped to 5.04 rupees from 5.59 rupees, even as interest income edged higher.Bajaj Electricals (NSE:BAJAJELEC, BOM:500031) also fell over 2% after appointing Ashween Anand as chief financial officer, effective May 14, according to a filing. Anand joins from Tata Starbucks, where he previously served as CFO.

^BSENifty 50BOM:500031BOM:532483NSE:BAJAJELECNSE:CANBK

Asia Markets44d ago

Malaysian Shares End in Red Amid Mixed Regional Performance; Bintai Kinden's Shares Drop 6%

Malaysian shares closed lower on Monday, extending Friday's losses amid a mixed regional performance.The FTSE Bursa Malaysia KLCI shed 2.75 points to end 0.2% lower at 1,745.31. The day range was between 1,744.99 and 1,754.00.In economic news, Malaysia's wholesale and retail trade recorded a robust 9.8% year-on-year increase in sales value for March, reaching 169 billion ringgit, according to data released by the Department of Statistics Malaysia. The growth was driven by a 15.7% increase in wholesale trade and a 7.5% rise in retail trade.Malaysian Economy Minister Akmal Nasrullah Mohd Nasir will soon roll out a strategy to safeguard domestic oil supplies as uncertainty linked to the Iran conflict continues to weigh on global energy markets, Bloomberg News reported Sunday, citing state media Bernama. This "Oil Supply Continuity Plan" will be formally announced by Prime Minister Anwar Ibrahim.In corporate news, shares of Bintai Kinden (KLSE:BINTAI) dropped over 6% on close after it fixed the issue price for 36 million placement shares under the first tranche at 0.0719 ringgit per share. The mechanical and electrical engineering services proposed to issue up to 150 million new shares, or 10% of the existing number of shares, to private investors.Meanwhile, Skyechip (KLSE:SKYECHIP) drew overwhelming investor interest in its initial public offering on Bursa Malaysia, with the retail tranche oversubscribed by 95.03 times. The integrated circuit (IC) design company's IPO comprises 400 million shares, including 135.3 million retail shares and 264.7 million institutional shares, priced at 0.88 ringgit each.

FTSE Bursa Malaysia KLCIKLSE:BINTAIKLSE:SKYECHIP

Asia Markets44d ago

Singapore Shares Start Week in Green Despite Continued US-Iran Tensions

Singapore shares started the week positively despite a backdrop of diplomatic friction, as U.S. President Donald Trump dismissed recent Iranian remarks regarding regional stability as "totally unacceptable."The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,908.76 and 4,956.77 throughout the day. It ended the session at 4,942.77, up 20.87 points or 0.42% compared to Friday's close.On the corporate front, shares of Geo Energy Resources (SGX:RE4) closed over 3% higher as it signed a term sheet with Swiss private commodities investment company, Resource Invest under which the latter will invest directly or indirectly around $1.5 billion in the company's Indonesian subsidiary, Marga Bara Jaya.BRC Asia's (SGX:BEC) shares closed nearly 3% lower as its attributable profit to owners rose 24% in the fiscal first half ended March 31, to SG$52.0 million from SG$42.1 million a year earlier.Meanwhile, shares of Autago (SGX:WNH) surged over 33% at the close as it completed its share consolidation exercise on May 8.

^STISGX:BECSGX:RE4SGX:WNH

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Asia Markets43d ago

US Equity Indexes Advance, Treasury Yields Rise With Crude Oil as Trump Explores Options to Tame Iran

Dow JonesNasdaq CompositeS&P 500$INTC$LITE$MU$QCOM$TSLA$TTD