My top 10 things to watch Friday, June 12 1. Today’s the day. SpaceX. The largest initial public offering of all time, raising $75 billion. We want a 25% to 30% pop at the open. Anything more than that encourages flippers and gives the company a weak shareholder base. Don’t want to see what happened…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices fell Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes the Middle East conflict could be nearing its end. U.S. crude oil futures for July delivery fell 1.65% to $86.26 per barrel, while August…
Bent oil posted its biggest monthly loss in six years as traders hoped that the U.S. and Iran are nearing a deal that will reopen the Strait of Hormuz. The international oil benchmark fell more than 19% in May, its worst month since March 2020 when the Covid-19 pandemic closed economies. U.S. West Texas Intermediate…
Global oil prices have tumbled by around 20% from 2026 highs as investors have grown increasingly optimistic on prospects for a long-lasting ceasefire deal between the U.S. and Iran, which would unlock shipping through the Strait of Hormuz. Brent crude was down 1.2% on the final trading day of the month, at $92.56, as of…
A man walks past a banner depicting Iran’s current supreme leader Ayatollah Mojtaba Khamenei along a street Tehran on May 6, 2026. AFP | Getty Images U.S. crude oil prices fell about 6% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U.S….
SK Hynix Inc. 12-layer HBM3E memory chips, front, and a LPDDR5X CAMM2 memory module arranged at the company’s office in Seongnam, South Korea, on Tuesday, April 22, 2025. SeongJoon Cho | Bloomberg | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to today’s edition of the Daily Open newsletter. The…
The City of London skyline at sunset. Gary Yeowell | Digitalvision | Getty Images LONDON — European markets were set to open broadly lower on Tuesday, as traders monitored developments in the Middle East and Ukraine amid renewed volatility in oil markets. In London, the FTSE 100 was set to open 0.58% lower, while France’s…
Currency dealers monitor exchange rates in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on May 15, 2026. Jung Yeon-je | Afp | Getty Images South Korea’s Kospi hit a fresh record Tuesday as trading resumed after a public holiday, with investor sentiment supported by hopes for a breakthrough in the…
An Iranian flag flutters in the wind as ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Majid Saeedi | Getty Images News | Getty Images U.S. forces conducted “self defense” strikes in southern Iran early Tuesday, with U.S. Central Command saying the military action was to “protect…
Japan’s Nikkei 225 breached 64,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading. Source link
