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Tadawul Equities End June Muted; Saudi's Q1 Unemployment Rate Declines QoQ

The Tadawul All Share Index closed the last trading day of June subdued at 0.07% in the green on Tuesday as investors tuned in to the latest economic releases by Saudi Arabia.According to the General Authority for Statistics, the country's unemployment rate was 3.1% in the first quarter, lower than the 3.5% in the prior three-month period and up by 0.3 percentage points from the year-ago figure."The overall labor force participation rate (for Saudis and non-Saudis) reached 67.2%, decreasing by 0.2 percentage points compared to the previous quarter and by 1.0 percentage points year-on-year compared to the corresponding quarter of 2025. The unemployment rate among Saudis stood at 6.4% in Q1 of 2026, decreasing by 0.8 percentage points compared to the previous quarter while increasing by 0.1 percentage points year-on-year compared to Q1 of 2025. Meanwhile, the employment-to-population ratio among Saudis reached 45.8%, recording a slight decrease of 0.1 percentage point compared to the previous quarter and a decline of 2.2 percentage points compared to the same quarter of 2025," the report said.The kingdom's net inflow of foreign direct investment for the first quarter of 2026 amounted to 23.1 billion Saudi riyals, a 51.9% drop from the last quarter of 2025. Net outflows decreased to 3.5 billion riyals in the first quarter of 2026, compared with 5.2 billion riyals in the previous quarter.Additionally, the country's consumer confidence index for the first quarter demonstrated stability as the index logged 116 points in January, 113 points in February, and 114 points in March, which was above the neutral level of 100.On the corporate front, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, slashed its monthly prices for liquefied petroleum gas for July. The contract prices were set at $580 per metric tonne for propane and $600 per metric tonne for butane. Aramco shares were flat at closing.Meanwhile, Future Vision for Health Training Co. (SASE:9632) shares ticked up 5.56% as it entered inot a one-year deal for the organization, execution, and marketing of the fourth International Conference on Mass Gatherings and Emergency Medicine 2026.

^TASISASE:2222SASE:9632

Japan84d ago

US Futures Edge Higher Tuesday as Investors Continue to Monitor Middle East Conflict, Await Labor Data

US stock futures are tracking modestly higher in Tuesday's premarket session as investors continue to monitor flare ups in Middle East fighting and potential peace negotiations, while looking ahead to key labor data set for release later in the morning.The Dow Jones Industrial Average futures were up 0.2%, S&P 500 futures were rising 0.2%, and Nasdaq futures were edging 0.4% higher.Oil prices were mixed, with front-month global benchmarks Brent crude easing 0.1% to $73.08 a barrel, while West Texas Intermediate crude was up 0.3% to $70.97 a barrel.Investors are looking ahead to the Job Openings and Labor Turnover Survey for May at 10 am ET in Washington, which is an indicator of national labor market trends and tightness. Analysts polled by Bloomberg expect it to decline to 7.296 million from 7.618 million the previous month.

Dow JonesNasdaq CompositeS&P 500

Japan84d ago

US Equity Markets End Higher Amid Pause in US-Iran Hostilities

US equity indexes were higher on Monday after the US and Iran paused hostilities, followed by gains in technology, communication services, and consumer discretionary stocks.* The United States and Iran on Monday separately announced they will send delegations to Qatar this week, though Tehran insisted it has not agreed to meet with the US "at any level" after attacks across the Persian Gulf over the weekend challenged negotiations to end the war, the Associated Press reported.* The Dallas Fed's monthly manufacturing index fell to 0.0 in June from 0.4 in May, missing expectations for an increase to 1.0.* August West Texas Intermediate crude oil rose $1.24 to settle at $70.47 per barrel, while August Brent crude, the global benchmark, was last seen up $0.87 at $72.86.* Astera Labs (ALAB) shares were up roughly 16%, the top gainer on the Nasdaq, after UBS adjusted the company's price target to $400 from $205 while maintaining its neutral stock rating.* Copart (CPRT) shares were down nearly 8%, the worst performer on the Nasdaq and among the worst on the S&P 500, after the company said that Jeff Liaw will step down as chief executive officer and director, effective July 31.

Dow JonesNasdaq CompositeS&P 500$ALAB$CPRT

Japan84d ago

Update: Strong Gains in Communication Services, Consumer Discretionary Lift US Equity Indexes; Crude Oil Heads Higher

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose amid standout gains in communication services and consumer discretionary, and as crude oil advanced amid mixed messaging regarding a meeting to be held on Tuesday between Washington and Tehran in Doha, Qatar.The Nasdaq Composite jumped 2% to 25,791.7, the S&P 500 rose 1.1% to 7,436.2, and the Dow Jones Industrial Average rose 0.6% to 52,173.8 ahead of Monday's close.Technology was among the top three gainers intraday. Tesla (TSLA), Alphabet (GOOG, GOOGL), and Amazon.com (AMZN) were among the top 20 gainers in a category with a market capitalization of over $200 billion. The group's leader remains Corning (GLW), trading up 16% in the final leg of trading.In geopolitical news, the United States and Iran on Monday separately announced they will send delegations to Qatar this week, though Tehran insisted it has not agreed to meet with the US "at any level" after attacks across the Persian Gulf over the weekend challenged negotiations to end the war, the Associated Press reported.Iran's foreign minister, Abbas Araghchi, reiterated that "Tehran retains exclusive authority over traffic through the Strait of Hormuz under the preliminary peace agreement, leaving the risk of renewed supply disruptions elevated," Saxo Bank said in a note. Marine traffic through the strait has modestly picked up in the last 36 hours, CNN cited ship tracking data.Fighting between Hezbollah and Israel continued in Lebanon over the weekend despite a recent agreement between the countries, CNN reported Monday. Iran has demanded a full withdrawal of Israeli forces from Lebanon as part of a final deal with the US.The front-month global benchmark North Sea Brent rose 1% to $72.73 per barrel, and the US West Texas Intermediate climbed 1.7% to $70.41 per barrel.

Dow JonesNasdaq CompositeS&P 500$AMZN$GLW$GOOG$GOOGL$TSLA

Japan84d ago

Update: Communication Services, Consumer Discretionary Help Push US Equity Indexes Higher

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose amid standout gains in communication services and consumer discretionary in midday trading on Monday.The Nasdaq Composite jumped 1.4% to 25,646.1, the S&P 500 rose 0.8% to 7,412.5, and the Dow Jones Industrial Average advanced 0.5% to 52,123.5.Technology was among the top three gainers intraday. Materials and real estate led the decliners.In geopolitical news, President Donald Trump said the US will meet with Iran in Doha, Qatar, on Tuesday, after US officials said both sides agreed to "stand down for now" and that negotiations remained on track following strikes over the weekend, CNN reported Monday, adding that Iran has not confirmed that talks will take place.The front-month global benchmark North Sea Brent rose 1.3% to $72.95 per barrel, and the US West Texas Intermediate climbed 1.9% to $70.52 per barrel.Most US Treasury yields rose, with the 10-year up 1.1 basis points to 4.38%. The two-year rate jumped 2.9 basis points to 4.12%.Gold futures slumped 1.6% to $4,032.5, and silver futures dropped 2.5% to $57.73.

Dow JonesNasdaq CompositeS&P 500$CMCSA

Japan85d ago

Japanese Shares Post Marginal Gains as Investors Remain Cautious Around Middle East Tensions

Japanese shares pulled back on Monday to close nearly flat as investors took a cautious stance after tensions between the US and Iran escalated over the weekend.The benchmark Nikkei 225 closed marginally higher by 107.23 points or 0.15% at 69,468.11 on Monday.According to media reports, tensions between the US and Iran resurfaced over the weekend after a truce had been reached, as Iran launched fresh drone and missile attacks on Bahrain and Kuwait in response to new US airstrikes.This created unease among investors around the global economic outlook.Back home, Japan's retail sales rose 1.9% in May, following an upwardly revised April gain, with annual growth surging to 5.3% against a 3% consensus.On the corporate side, Denso Corp.( TYO:6902) filed for the listing of $500 million of 4.864% senior notes due 2031 on the Singapore bourse, while Toyota Motor (TYO:7203) filed for the listing of 1 billion euros worth of bonds on the Singapore bourse, according to separate filings with the Singapore Exchange on Monday.Also, TV Asahi Holdings (TYO:9409) board approved the issuance of 8,266 new shares worth up to 25.4 million yen under its restricted share compensation plan.

Nikkei 225TYO:6902TYO:7203TYO:9409

Japan85d ago

ASX Midday Sector Update: Information Technology Stocks Jump, Utilities Sector Struggles

Information technology stocks jumped nearly 4% at midday Monday.Xero (ASX:XRO) gained more than 5% in recent trade.On the flip side, the utilities sector struggled, shedding almost 3%.Origin Energy (ASX:ORG) shares were down nearly 2% in recent trade.

ASX 200ASX:ORGASX:XRO

Japan87d ago

US Equity Markets End Lower Amid Technology Stocks Sell-Off

US equity indexes were lower on Friday amid a sell-off in technology stocks and despite a decline in crude oil prices following the Israel-Lebanon framework agreement.* Among stocks with a market capitalization of over $200 billion, 16 out of the 20 worst-performing stocks were technology firms.* The University of Michigan consumer sentiment index was revised up to 49.5 for June from 48.9 in the preliminary estimate, below expectations of 50.0 in a Bloomberg-compiled poll. The print was also above the final 44.8 in May.* August West Texas Intermediate crude oil fell $2.34 to settle at $69.58 per barrel, while August Brent crude, the global benchmark, was last seen down $3.05 at $72.21.* Moderna (MRNA) shares rose nearly 12%, the top gainer on the S&P 500, after the company said it plans to launch clinical development of in vivo CAR-T candidate mRNA-6007 in 2027. Multiple analysts also raised their price targets for the company.* Onsemi (ON) shares were down roughly 24%, the worst performer on the S&P 500, after the chipmaker agreed to acquire semiconductor company Synaptics (SYNA) in a deal valued at about $7 billion.

Dow JonesNasdaq CompositeS&P 500$MRNA$ON$SYNA

Japan87d ago

Update: US Equity Indexes Lower in Final Leg of Trading as Technology Slides With Crude Oil

(Updates with index/price moves data, and political news from the first paragraph.)US stocks traded lower as technology raced to the bottom of sector charts, while crude oil traded at levels last seen before the Iran war after a "framework agreement" was signed between Israel and Lebanon.The Nasdaq Composite fell 0.4% to 25,263.4 ahead of Friday's close. The Dow Jones Industrial Average edged down 0.1% to 51,847.5, while the S&P 500 was down 0.2% to 7,347.4.Technology and industrials led the four declining sectors intraday. Health care, consumer discretionary, and consumer staples were among the top gainers.In a category of stocks with a market capitalization of over $200 billion, 16 out of the 20 worst-performing stocks were technology firms. Western Digital (WDC), Seagate Technology (STX), and Sandisk (SNDK) were the steepest decliners, down by at least 8.2% each. In the sliding technology shares, more than half were semiconductor companies.In geopolitical news, negotiators from Lebanon and Israel signed a "framework agreement" on the handover of areas in Israeli-occupied southern Lebanon after US-mediated talks in Washington, DC., according to a Friday report from Al Jazeera, a Middle East news broadcaster.This comes as Arsenio Dominguez, the secretary-general of the UN's International Maritime Organization, said 115 vessels and 2,500 seafarers have been evacuated from the Strait of Hormuz since Tuesday, Al Jazeera reported.The front-month global benchmark North Sea Brent slumped 4.5% to $71.88 per barrel, and the US West Texas Intermediate retreated 3.8% to $69.19 per barrel, extending their declines to the lowest since the beginning of the Iran war.

Dow JonesNasdaq CompositeS&P 500$SNDK$STX$WDC

Japan87d ago

Update: Consumer Discretionary Helps Push US Equity Indexes Higher in Midday Trading

(Updates with index/price moves, macroeconomic data, and company/political news from the first paragraph.)US equity indexes rose amid gains in consumer discretionary and as crude oil prices extended declines to levels seen before the Iran war.The Nasdaq Composite climbed 0.3% to 25,428.3 after midday Friday. The S&P 500 edged up 0.2% to 7,372.4, and the Dow Jones Industrial Average advanced 0.3% to 52,049.7.Technology and industrials led the four declining sectors intraday. Health care, consumer discretionary, and real estate were among the top gainers.IBM's (IBM) technology capable of producing chips smaller than one nanometer represents a "major moment" for the semiconductor industry amid increasing artificial intelligence workloads, Wedbush Securities said in a note on Friday. IBM has created what it calls the "world's first sub-1 nanometer chip technology," the company said Thursday. IBM shares jumped 4.1%, making it the Dow's leader.Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering until next year, the New York Times reported Thursday, citing three people involved in the company's deliberations. The ChatGPT maker hired bankers and lawyers, eyeing an IPO as soon as Q3 or Q4, with CEO Sam Altman pushing for a $1 trillion valuation, according to the report. Shares of Microsoft advanced 5%, among the Dow's top gainers.In geopolitical news, 115 vessels and 2,500 seafarers have been evacuated from the Strait of Hormuz since Tuesday, said Arsenio Dominguez, the secretary-general of the UN's International Maritime Organization, according to a report from Al Jazeera.The front-month global benchmark North Sea Brent fell 4.2% to $72.13 per barrel, and the US West Texas Intermediate 3.9% to $69.11 per barrel, extending their declines to the lowest since the beginning of the Iran war.

Dow JonesNasdaq CompositeS&P 500$IBM$MSFT

Japan88d ago

Update: Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

(Updates with latest index futures, equity, and oil prices in the second, third, and sixth paragraphs, respectively, and updated economic results in the seventh and eighth paragraphs.)Tech stocks swooned and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.0% while S&P 500 futures fell 0.3% and Dow futures advanced 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Micron Technologies (MU), down 6.2%, Intel (INTC), down 3.8%, AMD (AMD), down 4%, and Nvidia (NVDA), down 1.7%, while memory storage firm Western Digital (WDC) was down 5.9%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump delayed signing a bi-partisan bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a slide that has followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial ship traffic.Brent crude was down 3.1% to $72.94 per barrel while West Texas crude prices were down 2.8% to $69.90 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.May's goods trade gap rose sharply. Imported goods exceed exports by $105.76 billion, up from a revised figure of $83.0 billion in April and above the $85.0 billion expected by analysts.May wholesale inventories increased 0.3%, down from a 0.7% increase in April and below the expected 0.4% rise.Analysts expect a rise in June consumer sentiment to 50.0 from 48.9 in May in the University of Michigan survey set for release at 10 ET

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$NVDA$WD

Japan88d ago

Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

Tech stocks swooned, and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.1% while S&P 500 futures fell 0.5% and Dow futures slipped 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Intel (INTC), down 3.4%, AMD (AMD), down 3.4%, and Nvidia (NVDA), down 1%, while memory storage firm Western Digital (WD) was down 3.8%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump blocked his own bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a days-long slide that followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial traffic.Brent crude was down 3.3% to $72.75 per barrel while West Texas crude prices were down 3.3% to $69.58 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.Among the economic news expected is the release of May's goods trade gap. Imported goods are expected to exceed exports by $85.0 billion, up from a revised figure of $83.0 billion in April.May wholesale inventories are expected to increase 0.4%, down from a 0.6% increase in April.Analysts also expect a rise in May consumer sentiment in the monthly University of Michigan survey to 50.0, up from 48.9 in April.

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$NVDA$WD

Japan88d ago

Gold, Silver Futures Mixed Pre-Bell, While Crude Futures Drop After Iran Calls US-GCC Statements 'Provocative'

Japan88d ago

Gold Futures Rise 0.4% to $4,062.4 per Ounce, Silver Futures Decline 0.4% to $58.1 per Ounce Early Friday

Japan88d ago

Energy Crude Oil Futures Down Pre-Bell as Maritime Traffic Flows in Hormuz Continue After Singapore Container Attack

Japan88d ago

Nasdaq Equity Futures Sink 350 Points Early Friday as Big-Tech Trading Lower in Premarket Activity Following Apple Scare

Japan88d ago

West Texas Intermediate Crude Oil Futures Drop 3.5% to $69.43, Brent Futures Decline 3.4% to $72.69 Early Friday

Japan88d ago

Hong Kong Shares Slip at Open Amid AI Valuation Concerns

Hong Kong stocks opened lower on Friday as investor concerns over elevated valuations of artificial intelligence-related companies overshadowed upbeat earnings from chipmakers.The Hang Seng Index fell 0.5%, or 124.82 points, to 22,952.09, while the Hang Seng China Enterprises Index lost 0.4%, or 33.20 points, to 7,575.18.On Wall Street, the S&P 500 finished little changed while the Dow Jones Industrial Average advanced, supported by gains in industrial, healthcare, and materials stocks.Investors also remained focused on the interest rate outlook, with markets continuing to price in further policy tightening by the U.S. Federal Reserve.

Hang Seng

Japan89d ago

Continued Oil Price Decline, Micron Earnings Beat Drive US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start of the US-Iran war and memory chip manufacturer Micron Technology (MU) posted strong fiscal Q3 financial results and issued upbeat guidance.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 2.1% higher.Oil prices dropped to their lowest level since Feb. 28 as more oil tankers have started exiting the Strait of Hormuz. Around 20 million barrels of crude and 72 vessels have successfully passed through the waterway in the last 24 hours, Reuters cited US Energy Secretary Chris Wright as saying.Micron Technology shares rose 16% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, along with fiscal Q4 guidance that came in above market expectations.Front-month global benchmark North Sea Brent crude was down 0.6% at $73.43 per barrel and US West Texas Intermediate crude was 0.7% lower at $69.83 per barrel.The May core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, scheduled for release at 8:30 am ET, is expected to increase 0.3%, up from the prior month's gain of 0.2%, according to estimates compiled by Bloomberg. The May durable goods orders report is expected to show a 5.0% decrease after a gain of 8.0% in the prior month.Initial jobless claims are projected to have declined to 225,000 in the week ended June 20 from 226,000 in the prior week. The preliminary estimate for Q1 GDP is seen coming in at 2.0%, unchanged from the prior value. No change is expected for Q1 GDP, which is seen holding at a 1.6% annual rate.Federal Reserve New York President John Williams and Chicago President Austan Goolsbee are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$MU

Japan90d ago

US Equity Futures Edge Slightly Higher Pre-Bell as Tech Stocks Rebound, Oil Prices Decline

US equity futures were slightly higher pre-bell Wednesday as technology stocks rebounded after a broad sell-off in the sector, and oil prices continued to decline.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.4% higher.Micron Technology (MU) stock was up 3.9% in premarket activity after falling 13% on Tuesday. The company is set to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $20.83 per share on revenue of $35.85 billion.President Donald Trump, in a post on Truth Social, called out oil companies for not lowering gasoline prices in line with the recent drop in crude prices, saying that he has instructed the US Department of Justice to look into the issue. "Gasoline prices better start going down a lot faster than what I'm seeing!" Trump said.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.2% at $75.13 per barrel and US West Texas Intermediate crude 2.4% lower at $71.47 per barrel.May new home sales, due at 10 am ET, are seen at a 640,000 annual rate, up from 622,000 previously, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$MU

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Japan84d ago

Tadawul Equities End June Muted; Saudi's Q1 Unemployment Rate Declines QoQ

^TASISASE:2222SASE:9632