DKosig Stock index futures were higher on Monday as investors navigated a holiday-shortened week with eyes on the ongoing Iran conflict and rising energy costs. Now, here are five news stories that broke overnight to watch out for: Gas prices hit $4 milestone: The U.S. national average price of gasoline rose above $4 a gallon on Monday for the first time in more than three years, according to GasB...
DKosig Stock index futures were higher on Monday as investors navigated a holiday-shortened week with eyes on the ongoing Iran conflict and rising energy costs. Now, here are five news stories that broke overnight to watch out for: Gas prices hit $4 milestone: The U.S. national average price of gasoline rose above $4 a gallon on Monday for the first time in more than three years, according to GasBuddy data, as the U.S.-Israel war with Iran continued to disrupt global energy markets. The $4 per gallon threshold was last reached in August 2022 following Russia’s invasion of Ukraine and represents what some analysts have called a psychological barrier for consumers, according to a Reuters report. Gold heads for worst month in 17 years: Gold ( XAUUSD:CUR ) ticked higher on Tuesday on hopes of Middle East de-escalation but headed for its worst month in 17 years as higher energy costs dampened U.S. rate cut expectations. Spot gold was up about 1% to $4,557.62 per ounce but down 14% this month. Silver ( XAGUSD:CUR ) advanced 3% to $72.22 but slipped 23% so far this month. Australia weighs legal action against social media giants: Australia’s online safety regulator is weighing legal action against major social media platforms, including Meta ( META ), Snapchat ( SNAP ), TikTok ( BDNCE ), and YouTube ( GOOG ) ( GOOGL ), over concerns they are failing to prevent children under 16 from using their services. The watchdog, led by eSafety Commissioner Julie Inman Grant, is assessing compliance with laws that took effect on December 10 banning under-16s from holding accounts. Pentagon dismisses Hegseth investment report: A broker for U.S. Defense Secretary Pete Hegseth sought to make a large investment in major defense firms in the lead-up to the Iran war, according to the Financial Times. The Pentagon has dismissed the report. The FT reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley ( MS ) contacted BlackRock ( BLK ) in February about making a multimillion-d...
Stocks rallied and oil held steady after the Wall Street Journal reported that President Donald Trump had signalled he was willing to end the US military campaign against Iran. Earlier an Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai, in one of the most significant attacks on a vessel in a month of war. The war has effectively closed the Strait of Hormuz, choking off supplies of cru...
Stocks rallied and oil held steady after the Wall Street Journal reported that President Donald Trump had signalled he was willing to end the US military campaign against Iran. Earlier an Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai, in one of the most significant attacks on a vessel in a month of war. The war has effectively closed the Strait of Hormuz, choking off supplies of crude, natural gas and products such as diesel to global markets. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Lizzy Burden. (Source: Bloomberg)