Having legged higher at the opens of Asia, Europe, and US markets, WTI is extending gains overnight on middle-east tensions...
Brent is trading above $62 amid anti-corruption drive led by Saudi Crown Prince Mohammed bin Salman, which may consolidate his control in OPEC’s largest oil producer, and WTI has pushed above $57 as producers such as Nigeria, Saudi Arabia signal they support a potential extension of OPEC output cuts.
Following the horrific murder of dozens of worshippers in Texas yesterday, demands for gun control were prevalent, but President Trump, speaking at a press conference in Tokyo, said the mass shooting was not "a guns situation," pointing out that the problem was the killer's "mental health."
“I think that mental health is your problem here,” Trump said during a news conference in Tokyo, Japan in response to a question about the massacre in Sutherland Springs, Texas.
Following an early shaky start, which saw the Hang Seng tumble as much as 1.6% driven by weakness in financials and real estate names following the latest warning by PBOC governor Zhou about "sudden, complex, hidden, contagious, hazardous" risks In markets and a decline in local real estate prices, and pressure global risk, US equity futures have recouped all losses and are back to unchanged on monday morning, as President Trump continues on his first official trip to Asia.
With a stock price surge of 13% after Amazon’s most recent quarterly filing, Wall Street analysts were reportedly “shocked” by the company’s rapid growth. The e-commerce juggernaut beat both quarterly revenue and earnings forecasts, and continues to trailblaze with a 34% revenue growth rate.