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European Stocks Approach Record Highs
European stocks finished sharply higher on Friday, following gains in global equity markets after Iran announced it had reopened the Strait of Hormuz to all commercial shipping. The Eurozone’s STOXX...
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Baltic Dry Index Extends to Over 4-Month High
The Baltic Exchange Dry Bulk Freight Index rose 1.7% to 2,567 on Friday, its highest reading since December 8, marking an eleventh straight session of gains and a weekly increase...
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Aluminum Pulls Back from 3-Year High
Aluminum futures in the UK fell to $3,550 per tonne from the three-year high of $3,670 reached on April 16th, as signs of restored vessel traffic through the Strait...
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Copper Rises to Over 2-Month High
US copper futures climbed above $6.10 per pound, the highest level in more than two months, in line with gains across most industrial metals. The rally was driven by signs...
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Mexican Peso Hits February Highs
The Mexican peso appreciated by 0.4% to 17.17 per USD, its strongest level since February. The move was supported by a 0.4% decline in the DXY to 97, alongside improved...
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Canadian Dollar Weakens as Oil Prices Plunge on Peace Hopes
The Canadian dollar weakened by 0.3% to around 1.36 per USD on Friday, pressured by a sharp 12% drop in oil prices to $82 per barrel. The decline in crude...
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Heating Oil Plunges Nearly 15%
Heating oil futures for delivery at New York Harbor fell nearly 15% to about $3.30 per gallon on Friday, mirroring the drop in crude oil benchmarks after Iranian officials said...
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Dollar Back to February Lows
The dollar index fell about 0.5% to below 98 on Friday, its lowest level since the onset of the conflict with Iran, after news of a temporary reopening...
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Canada 10Y Yields Ease as Peace Hopes Cool Stagflation Fears
The yield on the Canadian 10-year government bond slipped to 3.4% on Friday, nearing a one-month low, tracking a global decline in sovereign yields after the reopening of the Strait...
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Gasoline Plunges on Hopes of Persian Gulf Supply
Gasoline futures for delivery at the New York Harbor fell below $2.95 per gallon on Friday, their lowest level in more than a month, after Iran announced that tankers...