May existing home sales reached 4.17 million, marking a 3.2% annual increase despite elevated mortgage rates and economic uncertainty. Existing home sales in the US climbed 3.2% year-over-year in May to a seasonally adjusted annual rate of 4.17 million, matching the month-
S&P 500 futures gain 0.5% as investors bet on a Hormuz resolution and AI-driven semiconductor strength ahead of market open. US equity futures extended gains in premarket trading, with the S&P 500 up 40 points or 0.5% and the Nasdaq rising 258 points. Optimism stemmed from
Investors shift focus to potential de-escalation in Iran-Israel tensions, reducing demand for the safe-haven dollar ahead of key U.S. inflation data. The U.S. dollar declined on Tuesday as optimism over a potential truce between Iran and Israel overshadowed expectations of
The UK government has announced a £1.1bn ($1.47bn) plan to grow domestic AI computing capabilities, including investment in a new national supercomputer and financial support for British semiconductor firms. The announcement was made at London Tech Week on 8 June by Techno
Silver (SI=F) July futures opened at $68.32 per ounce on Tuesday, 0.4% lower than Monday's closing price, but higher than yesterday's open. The price of silver is steady in early trading at $68.45 per ounce as of 7:03 a.m ET. Much like gold prices, the opening silve
The contract aims to enhance production efficiency at BP’s Thunder Horse field in the Gulf of Mexico using standardized subsea solutions. BP has awarded SLB OneSubsea a contract to supply a subsea boosting system for the Thunder Horse project in the Gulf of Mexico. The agr
Brent crude drops $1.55 to $92.70 after both nations pause attacks, erasing Monday’s 5% gain amid supply concerns. Oil prices fell sharply on Tuesday, reversing most of the previous session’s rally after Iran and Israel halted attacks following a U.S. appeal. Brent crude d
Oil prices unchanged after Middle East conflict escalation Oil prices were little changed after a sharp escalation in the Middle East involving Israel and Iran. The conflict's path, especially involving Hezbollah and Iran's decisions, will be crucial for future ene
Nobuo Tanaka highlights risks of a third oil shock, with Asia as the epicenter due to potential Strait of Hormuz disruptions. Asia is poised to suffer the worst effects of a deepening energy crisis triggered by Middle East conflict, according to former International Energy
USD/INR pair falls to near 83.50 after oil prices decline 1% on reports of a truce between Iran and Israel. The Indian Rupee (INR) rebounded against the US Dollar (USD) at Tuesday’s open, trading near 83.50 after a prior session decline. The move follows a 1% drop in oil p
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