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S&P Futures Flat, But Near All Time Highs

WTI Crude Oil Futures Rise 1.3% to $92.60 Pre-Bell; Brent Futures Climb 1.4% to $96.14

Signs Of Tightness Abound Ahead Of Impacts Of U.S. Blockade, Commerzbank Says

Signs of tightness in the oil market are proliferating as the supply situation is set to tighten further due to the maritime blockade, Commerzbank said in a Tuesday note.According to data from Kpler, Iran's oil exports stood at 1.84 million barrels per day in March and 1.71 million barrels per day so far in April, the bank noted.The price differentials between the various gasoil and Brent contract maturities on the forward curves are signaling tightness, while the price premium for physical crude on the spot market is even larger, Commerzbank said.Another sign of tight supply is the sharp rise in official selling prices for oil deliveries from the Gulf region. Though Saudi Arabia can divert its oil via the East-West Pipeline to the Red Sea and export it from there, Iraqi and Kuwaiti oil exports have been largely paralyzed by the closure of the Strait of Hormuz, the bank said.For Arab Light, buyers in Asia must now pay a record-high premium of almost US$20/barrel over the Oman/Dubai benchmark. In April, the price premium was still at $2.5. Kuwait has also demanded a premium of $17/barrel over Oman/Dubai for oil supplied to Asia.

$CLX1$LCOX1$USO

Japan62d ago

WTI, Brent Crude Futures Rise Pre-Bell Amid Reports of Iran Maritime Trade Shut Down, Peace Talks Optimism

Mining & Metals62d ago

Constellation Software's Vela Operating Group Entered Into Agreement To Buy A Majority Interest In Derbysoft

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Asia62d ago

Samsung Electronics Launches AI-Powered TV Models

Samsung Electronics (KRX:005930) launched new TV models for this year, which are equipped with key AI features.The 2026 lineup includes TVs such as the Micro RGB, OLED, Neo QLED, Mini LED, and UHD, alongside lifestyle TVs (The Frame Pro, The Frame), portable "Moving Style" screens, Music Studio 5/7 Wi-Fi speakers, and Q Series all-in-one soundbars.The TV lineup incorporates AI service platforms, including Bixby, Perplexity, and Microsoft Copilot.Shares of the company rose more than 2% at market close.

KRX:005930

Mining & Metals62d ago

BRP Suspended FY27 Guidance Due to Changes to U.S. Tariff Environment

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Asia62d ago

H2O Retailing Confirms 5.1 Billion Yen Gain from Securities Sale

H2O Retailing (TYO:8242) said it has finalized the gain from the sale of investment securities, recording an extraordinary income of 5.1 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.The company sold 3.7 million shares of Toho (TYO:9602), reducing its stake to 31.8 million shares, or 3.8% of total issued shares excluding treasury stock.The transaction was completed on April 15, with the gain expected to be recorded in the first quarter of the fiscal year ending March 2027.

TYO:8242TYO:9602

Treasury62d ago

SocGen's Overnight Economic News Summary

Societe Generale in its early Wednesday economic news summary pointed out:-- Brent consolidates around US$95/barrel, bond yields steady near weekly lows after "benign" United States producer price index. Bund curve bull steeper after European Central Bank President Lagarde comments on Tuesday at the International Monetary Fund.-- ECB President Lagarde: eurozone economy between baseline and adverse scenario, not severe. On energy: the eurozone is less affected by the impact of a war today compared with 2022. On monetary policy: we must be agile and ready to move in the direction required, data dependent, not rate path that I can confirm today, don't know honestly.-- Day ahead: U.S. import and export prices. Federal Reserve Beige Book, speakers Barr, Bowman. ECB's Lagarde, Schnabel, Villeroy, Escriva and Cipollone. Bank of England's Bailey. Swiss SNB's Schlegel.-- Nikkei +0.4%, EUR 10-year IRS -2bps at 3.03%, Brent crude -0.2% at US$94.6/barrel, Gold +0.1% at US$4,816/oz.

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Asia62d ago

Malaysian Shares Pare Morning Gains as Investors Await Second Round of Pakistan Peace Talks

Malaysian shares erased an opening rally to end in the red on Wednesday, weighed down by geopolitical uncertainty over the U.S.-Iran ceasefire timeline.The FTSE Bursa Malaysia KLCI shed 4.70 points to end 0.3% lower at 1,683.42. The day range was between 1,680.46 and 1,695.68.In local news, Malaysia has warned that the economic impact of the Iran-linked energy crisis will intensify from June, as fiscal buffers from subsidies and domestic gas output will begin to fade, South China Morning Post reported, citing Economy Minister Akmal Nasrullah Mohd Nasir.Malaysia has overtaken the US as a key supplier of chipmaking equipment to China, signalling a shift in regional trade flows. Imports from Malaysia more than doubled to $3.4 billion in 2025, underscoring its rising importance in the semiconductor supply chain.In economic news, the International Monetary Fund has lowered its growth estimates for most Asian economies for 2026, according to a recent release. Cumulative growth among Southeast Asia's five biggest economies, including Indonesia, Malaysia, the Philippines, Singapore, and Thailand, will fall to 3.7% in 2026 from 4.9%, although this will recover to 4.7% next year, the organization said.In corporate news, shares of Muhibbah Engineering (M) (KLSE:MUHIBAH) gained 2% on Wednesday's close after it bagged a contract worth about 120 million ringgit for works on the Penang Light Rail Transit (LRT) Mutiara Line project.

FTSE Bursa Malaysia KLCIKLSE:MUHIBAH

Treasury62d ago

US 10-Year Treasury Yield Leans Higher to 4.26% Pre-Bell; 2-Yr Rate Up 1 Basis Point to 3.76%

Asia62d ago

Itochu Completes Additional Stake Deal in Hitachi Construction Machinery

Itochu (TYO:8001) said it has completed the additional acquisition of shares in Hitachi Construction Machinery (TYO:6305) following regulatory approvals, according to a Wednesday filing on the Tokyo Stock Exchange.The transaction involved HCJI acquiring shares held by HCJ Holdings, with the treasury share acquisition priced at 134.1 billion yen.

TYO:6305TYO:8001

Commodities62d ago

Market Chatter: Japan to Help Southeastern Nations With Rising Crude Import Costs for up to $10 Billion

Japan will help other Southeastern nations with financial support of as much as $10 billion as they struggle with the surging cost of importing crude oil amid conflict in the Middle East, Bloomberg reported on Wednesday, citing local media reports.Prime Minister Sanae Takaichi is expected to announce the aid package which may come in the form of loans, during an online meeting with regional leaders scheduled for Wednesday afternoon, according to the public broadcaster NHK, Bloomberg reported.Japan is an importer of petroleum-derived products used in the medical sector from elsewhere in Southeast Asia and there has been concern that low oil reserves could disrupt that supply, the reports said.The prime minister's office wasn't immediately available to comment, Bloomberg said. The office did not immediately respond to' request for comments.Should the supply of the chemicals Japan buys face disruption, that could have impacts on the healthcare system, media reports said, according to the Bloomberg report.The article noted that some Southeastern nations including Vietnam have previously sought assistance from Japan and also South Korea, in obtaining crude oil.Japan has made withdrawals from its strategic reserves twice since the outset of conflict in the Middle East to prop up supplies for its domestic refiners.The article said that Japan is not at risk of an immediate shortage, with the trade ministry confident the country can secure supply for all of this year via alternative origins that do not pass through the Strait of Hormuz.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Asia62d ago

Oriental Trimex's CFO Resigns

Natural stones company Oriental Trimex (NSE:ORIENTALTL, BOM:532817) said its chief financial officer and key managerial personnel, Om Prakash Sharma, has resigned from the company with effect from Wednesday, according to a same-day filing to the Indian stock exchanges.He cited personal reasons for the resignation.The company's shares were up over 2% in recent trade.

BOM:532817NSE:ORIENTALTL

Research62d ago

JM Financial Upgrades HDFC Asset Management to Buy from Add; Price Target is INR3,200

BOM:541729NSE:HDFCAMC

Research62d ago

JM Financial Downgrades Nippon Life India Asset Management to Add from Buy; Price Target is INR1,030

BOM:540767NSE:NAM-INDIA

Research62d ago

JM Financial Starts ICICI Prudential Asset Management at Add with INR3,650 Price Target

BOM:544658NSE:ICICIAMC

Research62d ago

JM Financial Starts Canara Robeco Asset Management at Buy with INR325 Price Target

BOM:544580NSE:CRAMC

Research62d ago

Antique Stock Broking Starts Acme Solar at Buy with INR363 Price Target

BOM:544283NSE:ACMESOLAR

Research62d ago

DAM Capital Starts Orkla India at Buy with INR780 Price Target

BOM:544595NSE:ORKLAINDIA

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