The flurry of activity comes in the run-up to Japanese Prime Minister Sanae Takaichi’s visit to Washington on March 19 and US President Donald Trump’s planned trip to Beijing to meet Chinese President Xi Jinping in roughly three weeks.
A gauge of Asian shares dropped 0.6% after the S&P 500 slid 1.5% to its lowest since November.
Government bonds, which typically rise during periods of market stress to cushion equity losses, are now moving in the same direction with stocks as oil markets are going through unprecedented turmoil.
Interestingly, the erosion in market value of India is larger than the entire mcap of countries such as Mexico, Malaysia, South Africa, Norway, Finland, Vietnam and Poland. It is also nearly double the mcap of countries including Chile, Austria, the Philippines, Qatar and Kuwait.
Gold is doing what it did for millennia, provide stability
India's gas crisis reveals a critical vulnerability—no strategic reserves for LPG or natural gas, leaving households and businesses exposed when the Strait of Hormuz chokes
Brent futures were down $10.45, or 10.6%, at $88.51 a barrel by 1504 GMT (11:04 a.m. EDT), while U.S. West Texas Intermediate (WTI) crude was down $10.61, or 11.2%, at $84.16
Middle East conflict delivers a triple shock to India’s economy, testing the resilience of corporate earnings and equity valuations
Market reactions to such events over the past three decades have followed a somewhat similar pattern
Brent oil futures surged as much as 29% at one stage on Monday before sharply paring their gains when it emerged that the G-7 would discuss a possible stockpile release
Stocks, bonds and precious metals slid on Monday as investors, spooked by the impact of surging oil prices on global inflation and economic growth, turned risk-averse and cashed in on some of their most profitable trades
Oil above $100 and global stocks sliding have revived viral clips of Warren Buffett and Peter Lynch explaining why market crashes are inevitable.
China’s large crude reserves, EV push and renewable expansion may reduce its exposure to oil shocks from the Iran war
The shift in those weightings comes as oil prices surge above $100 a barrel and investors brace for a prolonged conflict in the Middle East that could send energy costs even higher.
Nearly 75 percent, or 374 stocks, in the Nifty 500 index are trading below their 200-day moving average. Among the Nifty 50, about 66 percent, or 33 stocks, are currently below the key technical level.
The closure of the Strait of Hormuz has unleashed a multi-layered crisis, sending oil above $100 while threatening catastrophic ripple effects through global food production, industrial metals, and supply chains
The Sensex dropped more than 2,400 points while the Nifty fell about 702 points, making it the sixth-largest fall in absolute points for the two benchmark indices.
South Korea’s stock exchange triggered a circuit breaker on Monday after sharp losses in equities amid rising concerns over the Middle East conflict and surging global oil prices.
US job losses, rising gasoline prices and stock market declines challenge Trump’s claim of a “roaring economy” amid the Iran conflict.
Even if the fighting ends quickly, analysts warn that damage to infrastructure, disrupted logistics and heightened risks to shipping could keep fuel prices elevated for weeks or months, affecting businesses and consumers worldwide.
Surprisingly weak US jobs data had on Friday briefly stalled dollar gains, and raised expectations for US rate cuts, but that faded somewhat on Monday morning and US stock futures tumbled, too, with S&P 500 futures down 1.6%.
US stocks fall as oil tops $90 and jobs data shows payroll decline, raising concerns about economic growth amid US-Iran war.
Three new IPOs will open for subscription. OPEC and IEA will release oil market reports.
The RBI’s heavy intervention comes against the backdrop of India’s foreign-exchange reserves, which at over $723 billion, are among the largest in the world.
Exporters face steep surcharge of $4,000–$8,000 per shipment, driving up logistics costs for drugmakers heavily dependent on the Gulf and the wider West Asia market