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Oil prices traded weaker yesterday with ICE Brent falling back below US$82/bbl. From a technical point of view, the market is in overbought territory and so overdue a correction. However, mounting supply risks continue to provide broad support to oil prices, ING's commodity analysts Warren Patterson

Markets US stocks ended Tuesday with mixed fortunes as Wall Street navigated through calmer waters following the release of the latest inflation figures and simmering reports of President-elect Donald Trump's tariff strategy. The Producer Price Index (PPI) for December provided a glimmer of hope, ri

Asia market update: US Fri hot jobs flows through to Asia; Currency volatility amid equity losses in Asia. General trend - Late Friday night Asia time the hot US jobs numbers (post-Trump election win in November) saw UST yields again rocket higher 8bps to 4.77%, only 15bps short of their Oct 2023 hi

Markets Friday's hot US jobs data sent yields soaring, torching Wall Street's bulls and severely scrutinizing the S&P 500’s red-hot rally. As the new trading week unfolds, market watchers are on edge, praying for an inflation cooldown that might halt the relentless march higher of 10-year US Tre

EUR/GBP climbs to around 0.8375 in Friday’s early European session. Pound falls after UK borrowing costs hit their highest for 16 years. The Eurozone December inflation data has pushed back expectations that the ECB will deliver a jumbo rate cut. The EUR/GBP cross extends its upside to near 0.8375 d

Oil prices appear to have moved higher with the start of the New Year. Today we are to take a look at the recent executive order signed by Biden, the reduction of Saudi oil exports to China and finish of with the data of the US oil market. For a rounder view, we are to conclude the report with a tec