Latest News
NAB Shares Drop Amid Oil Spike and RBA Rate Hike
National Australia Bank shares declined 1.29% to A$46.62, pressured by a jump in oil prices and the Reserve Bank's latest interest rate increase. The bank will raise variable home-loan rates later this month.
Palantir Gains on AI Mortgage Deal and UBS Target Boost Amid Market Weakness
Palantir shares advanced 1.9% to $155.68 on Thursday, defying a down market after unveiling an AI-powered mortgage venture and a bullish target revision from UBS.
Vale Shares Slide Amid Record China Iron Ore Inventories
Vale shares fell over 1% as data showed China's iron ore inventories reaching a multi-year peak while steel production dipped, highlighting potential demand pressure.
Brazil Freight Fines Pressure Ambev Amid Rising Cost Outlook
Ambev's U.S.-listed shares fell after Brazil imposed fines for minimum freight-price violations, reviving concerns over logistics costs. The brewer forecasts Brazil beer production costs to increase 4.5%-7.5% in 2026.
UBS Upgrades Nu Holdings on Brazil Rate Cut and Profit Momentum
Nu Holdings shares advanced after UBS upgraded the stock to Buy, highlighting robust profit growth and improved loan metrics. The move follows Brazil's first interest rate cut in over a year.
Gold Plunges to Six-Week Low as Hawkish Central Banks, Oil Spike Pressure Bullion
Gold prices tumbled sharply, with spot gold dropping 3.9% to $4,629.29 per ounce, its lowest level since early February. The sell-off was driven by major central banks holding interest rates steady and warning of renewed inflation risks from surging oil prices.
European Gas Prices Soar on Qatar LNG Outage, Inflation Fears Mount
European natural gas prices surged to their highest level since early 2023 after an attack on Qatar's LNG infrastructure knocked out a significant portion of global export capacity, threatening supplies to Europe and Asia and prompting central bank inflation warnings.
Gulf Attacks Propel Oil, Widen Brent-WTI Gap to 2015 High
Oil prices experienced extreme volatility Thursday following Iranian strikes on Gulf energy infrastructure, with Brent crude briefly exceeding $119 a barrel. The attacks have damaged Qatar's LNG export capacity and widened the key Brent-WTI spread to its largest margin since 2015.
Mortgage Rates Hit 6.22%, Housing Market Stumbles as Spring Season Begins
The average 30-year fixed mortgage rate climbed to 6.22% this week, the highest level since December. Housing stocks declined as higher borrowing costs and falling sales dampened sentiment.
XRP Gains Regulatory Clarity as Digital Commodity Amid Market-Wide Risk-Off Move
XRP traded around $1.44 Thursday after U.S. regulators formally designated it a digital commodity, aligning it with Bitcoin and Ether. However, the announcement was overshadowed by a broader market sell-off driven by surging oil prices and risk aversion.
Bitcoin Retreats Under $70K Amid Fed Caution, Oil Volatility
Bitcoin declined 2.7% to $69,320, slipping under the $70,000 threshold following the Federal Reserve's steady rates and rising oil prices. U.S. spot bitcoin ETFs recorded $163.5 million in net outflows.