Oil

US stocks point to a subdued open as investors remain cautious about fears of a US-China trade war. However, tech earnings offer some distraction. Alphabet is due to report after the close, with EPS of $2.12 expected on revenue of $96.6 billion.

US stocks are set to open lower after President Trump unveiled tariffs against key trading partners over the weekend, fueling fears of a full-on trade war. The tariffs will take effect on Tuesday and include 25% duties on Canada and Mexico and 10% on China. The measures could increase inflationary pressures, giving the Fed less room to cut rates.

DAX slumps on trade tariff worries, EZ CPI rises. Oil jumps after Trump announces trade tariffs on Canada & Mexico & ahead of the OPEC meeting

US stock markets are heading higher after the Fed's preferred gauge for inflation brought no nasty surprises and remained muted in December, supporting further reductions in interest rates. Apple beat forecasts on the top and bottom line, helping the share price jump by 4% pre-open.

The S&P 500 and Nasdaq 100 are heading higher after the Federal Reserve left interest rates unchanged and amid a post-earnings boost from mega-caps Meta and Tesla. Microsoft is falling after earnings. US GDP was weaker than forecast at 2.3% annualised.

WTI crude has accumulated a loss of more than 8% in value since mid-January of this year.

US stocks are heading for a mixed start. They steadied following the sharp selloff at the start of the week, inspired by the cheaper DeepSeek AI model. Attention is on the Federal Reserve rate decision, where policymakers are expected to leave rates unchanged and could adopt a cautious stance. Mega-cap tech earnings kick off, with Microsoft, Meta, and Tesla set to release after the close.

Oil prices plunged more than 10% off the monthly high with WTI now testing critical support at the 2025 yearly open. A multi-timeframe view of the oil technical charts.

Concerns over rising inflationary pressures were building as we headed towards the end of 2024. And the rapid acceleration of crude oil prices this year is doing nothing to alleviate those concerns.

U.S. stocks are surging higher following cooling US inflation data and after banks kick off earnings season on the front foot. US CPI rose 2.9% YoY up from 2.7% in November. Core CPI eased to 3.2% easing some inflationary worries. pulling treasury yields and the USD lower while lifting stocks. US banks kicked off earnings on a positive note with JP Morgan, Goldman Sachs and Wells Fargo posting solid profits.

Since the beginning of the year, WTI has increased its price by more than 8%, surpassing the psychological barrier of $75, previously regarded as the closest resistance.

U.S. stocks are set to open lower after the US non-farm payroll report smashed forecasts, dampening expectations for Fed rate cuts. 256k jobs were added in December, well ahead of the 164k forecast. The unemployment rate unexpectedly fell to 4.1%. The market has lowered rate cut expectations and pushed back the first cut to October.

US stocks are struggling amid lingering inflation fears following yesterday's ISM services PMI, a sharp drop in jobless claims, and ahead of the Fed minutes scheduled to be released later today. The Fed is expected to be more cautious regarding rate cuts this year amid signs of a solid economy and concerns over inflationary measures from Trump.

U.S. stocks are heading for a positive open as investors await economic data and further insight into the incoming Trump administration's policies. US jolts job openings and ISM services PMI data are due later in the session. Signs of ongoing resilience within the economy could further dampen Federal Reserve rate cut expectations. Separately, Nvidia is set to open higher after new products were unveiled, including an AI superchip.

DAX rises after PMIs improve; inflation data is due. Oil eases after 5% gains last week.

Oil prices rallied more than 10% off the December lows with WTI attempting to breakout of a six-month downtrend. A multi-timeframe view of the oil technical charts.

During the final part of Q4 2024, WTI has remained within the $70 per barrel zone, fiercely resisting movements below this critical support.