EWBC
NASDAQ · Banking
East West Bancorp Inc
$106.77
+0.98 (+0.93%)
EWBC News30 articles
Gold Braces for Turbulent Week Amid Fed Rate Fears and Middle East Tensions
Gold prices declined 1.8% to $4,563.64 an ounce, marking a third consecutive weekly drop. Traders are navigating conflicting pressures from shifting Fed rate expectations and escalating geopolitical risks in the Middle East.
Brent Crude Surges to Multi-Year High on Middle East Supply Disruptions
Oil prices closed the week at a nearly four-year peak as escalating Middle East conflicts and Iraq's force majeure declaration on oilfields intensified supply fears. Brent crude settled at $112.19 per barrel.
Markets Retreat as Middle East Conflict Sparks Oil Surge, Fed Inflation Fears
U.S. equity markets opened lower Thursday following a spike in oil prices after Iranian military action targeted key Gulf energy infrastructure. The Federal Reserve held interest rates steady but warned the conflict complicates the inflation outlook.
U.S. Gas Prices Approach $4 as Mideast Conflict Drives Oil Surge
U.S. gasoline prices climbed toward $4 per gallon Thursday as Brent crude briefly surpassed $119 following Iranian strikes on Gulf energy facilities, with diesel topping $5 for only the second time on record.
Wheat, Oil Surge on Export Data and Middle East Tensions
Agricultural commodities advanced Friday, led by wheat on robust export sales, while crude oil prices jumped due to Middle East supply concerns. Indian equities slumped to multi-month lows.
Oil Soars on Middle East Tensions; Stocks Show Divergent Moves
Escalating Middle East tensions sent crude oil prices sharply higher Friday, while individual stocks like Symbid and Warpaint London gained. Cattle futures were mixed and natural gas fell on warmer forecasts.
Panama Canal Sees Traffic Rise as Middle East Tensions Reroute Shipping
The Panama Canal is experiencing increased vessel traffic as geopolitical tensions near the Strait of Hormuz and rising fuel prices make the shorter route more economical. Tanker crossings surged 11.2% in the first four months of the fiscal year.
Fertilizer Stocks Rally on Middle East Supply Fears, Mosaic Leads Gains
Mosaic shares jumped 7.5% Thursday as fertilizer stocks rallied on fears that potential disruptions to shipping through the Strait of Hormuz could tighten global supply and lift prices.
BlackRock Sees Inflation Risk from Middle East Energy Shock, Favors Stocks
BlackRock cautions that energy supply disruptions from Middle East tensions may sustain inflationary pressures, though it views the shock as likely lasting weeks rather than months. The firm remains underweight long-term U.S. bonds and prefers U.S. and Japanese stocks.
Crude Soars Past $100 on Mideast Supply Fears, G7 Holds Reserves
Oil prices surged over 10%, with Brent crude topping $102 a barrel, as escalating Middle East tensions disrupt supply. The G7 held off on releasing emergency reserves, amplifying market uncertainty.
Middle East Conflict Sparks Historic Oil Price Surge, Strains Global Supply
Oil prices surged dramatically on Monday, with Brent crude briefly exceeding $119 per barrel, following supply disruptions in the Middle East linked to regional conflict. Governments and companies scrambled to respond to the market shock.
Qantas Reroutes Flights Amid Middle East Airspace Disruption
Qantas Airways is adjusting its European network, adding a Singapore stopover on Perth-London flights and an extra Sydney-London A380 service. The changes respond to Middle East airspace closures that have grounded major Gulf carriers.
Goldman Sachs Flags $100 Oil Risk to Global Economy Amid Middle East Tensions
Goldman Sachs cautions that a brief surge in oil to $100 a barrel could reduce global economic growth by 0.4 percentage points and increase inflation by 0.7 points, with Morgan Stanley now expecting the ECB to maintain rates through 2026.
Chevron Gains as Middle East Tensions Fuel Oil Price Surge
Chevron shares climbed 1.7% to $189.28 as crude prices jumped sharply amid Middle East supply disruptions. Brent crude gained 4.93% while WTI surged 8.51% to $81.01.
ULSD Futures Surge 10% on Middle East Supply Fears, Diesel Prices Climb
U.S. heating oil futures soared 9.8% Thursday, hitting a one-year high amid Middle East supply risks. Brent crude topped $84, while average U.S. diesel prices rose to $4.04 a gallon.
Gasoline Futures Surge 6% on Middle East Supply Fears, Pump Prices Follow
NYMEX gasoline futures surged 6% Thursday as Middle East tensions threaten supply, with AAA reporting a 27-cent weekly jump at the pump to a $3.25 national average.
Oil Prices Surge Past $84 on Middle East Supply Fears
Brent crude oil prices climbed above $84 per barrel following tanker incidents in the Gulf, raising fears of prolonged supply disruptions. U.S. diesel prices and physical crude premiums also spiked as markets tightened.
Gasoline Prices Surge as Middle East Tensions Disrupt Oil Flow
U.S. retail gasoline prices climbed sharply as Middle East tensions disrupted oil shipments through the Strait of Hormuz, lifting fuel stocks and prompting major banks to raise crude price forecasts.
Delixy Holdings Soars 158% in After-Hours on Middle East Supply Disruption
Delixy Holdings shares skyrocketed 158% in extended trading Tuesday, reversing a steep intraday loss, following a major supply disruption in the Strait of Hormuz that sent oil prices higher.
IAG Shares Dip Amid Middle East Flight Disruptions and Insider Sales
Shares of International Consolidated Airlines Group dropped about 1.8% in early London trading, pressured by ongoing flight cancellations in the Middle East and share sales by senior executives at its Iberia and Vueling units.
Glencore Shares Stabilize as Jefferies Sees Commodity Upside Amid Middle East Tensions
Glencore shares steadied in early London trading after a market slump, with Jefferies analysts pointing to geopolitical risks and inflation concerns as potential tailwinds for commodity stocks. The FTSE 100 fell sharply Tuesday as rate cut expectations faded.
BP Shares Face Volatility as Oil Surges on Middle East Supply Fears
BP shares are poised for a volatile session as Brent crude surges 3.3% to $84.07 on Middle East supply disruptions. Iraq has cut output by 1.5 million barrels per day, with warnings of deeper reductions.
Woodside Energy Gains as Oil Prices Surge on Middle East Supply Concerns
Woodside Energy shares advanced 0.9% to A$30.75 as oil prices climbed on Middle East supply risks. The company's shares go ex-dividend March 5 with a 59 U.S. cent payout.
OXY Shares Reverse Gains as Oil Spikes on Middle East Tensions
Occidental Petroleum shares gave up early gains and closed lower Tuesday, caught in volatile trading as oil prices surged to 2024 highs on Middle East supply concerns. Investors are focused on upcoming inventory data and a key debt-tender deadline.
American Airlines Recovers from Sharp Drop as Middle East Turmoil Roils Airline Sector
American Airlines shares rebounded to close up 0.6% at $12.60 on Tuesday after falling nearly 6% earlier, with airline stocks swinging amid Middle East conflict and surging oil prices.
RTX Shares Retreat as Defense Rally Fades Amid Middle East Tensions
RTX shares declined 2.7% on Tuesday, giving back some of Monday's 4.7% surge as the defense sector pulled back. The iShares U.S. Aerospace & Defense ETF underperformed the broader market.
U.S. Gasoline Prices Surge Past $3 Amid Middle East Supply Fears
U.S. gasoline prices surged above $3 per gallon Tuesday, driven by a sharp rally in crude oil due to escalating Middle East tensions. Refiner stocks advanced as fuel margins expanded.
Amazon Stock Drops on AWS Data Center Disruptions in Middle East
Amazon stock declined 2.6% to $203 following AWS disclosures of drone attacks on Middle East data centers, with prolonged recovery expected. The disruption affected banking services and contributed to broader tech sector weakness.
Markets Reel as Middle East Conflict Sparks Energy Price Surge
Global equities declined sharply as a widening military conflict with Iran triggered a surge in energy prices and disrupted critical supply routes, raising fresh concerns over inflation and economic growth.
Glencore Leads Mining Sector Lower Amid Middle East Tensions, Oil Spike
Glencore stock dropped more than 3% in London trading, retreating from a yearly high as escalating geopolitical risks and surging oil prices pressured the broader mining sector and European equities.