Stocks

Data this week showed crude stocks in the US Strategic Petroleum Reserve hit their lowest level since 1983, leaving markets more vulnerable to future supply shocks

Global equities hit an all-time peak on June 3, suffered their worst day since October two days later

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.1 per cent, led by a 2.3 per cent gain for South Korea’s Kospi, while Japan’s Nikkei was flat

Market cap stands at roughly $1.1tr across both exchanges

The breakthrough with the US comes less than a week after India signed a trade deal with the EU that is expected to eliminate or reduce tariffs

US and China are stuck in an unprecedented, and expensive, game of chicken, and it seems that both sides are unwilling to back down

The data, for US companies with market capitalization $1bn and greater, showed short sellers’ gains for 2025 through Monday at $189bn

The US dollar shot to a record peak against the Chinese yuan in offshore trading