Live Forex News
Real-time financial news from around the world.
Published Monday – Friday, 24 hours a day.
New Zealand
NZX 50 Tracks Wall Street Lower
New Zealand stocks fell 19 points, or 0.1%, to 13,800 in Thursday morning trade, after gaining in the previous session, tracking a downbeat session on Wall Street overnight following a surge in Treasury yields and rising oil prices. Oil continued to rise, raising concerns over inflation and boosting bets that central banks would raise interest rates. Traders also anticipated the release of US inflation data later this week for clues on the Fed's monetary policy decision at its upcoming meeting. Wednesday's data from China, New Zealand’s top trading partner, also pressured sentiment, as consumer and producer price pressures continued to rise amid higher oil prices. Consumer staples, financials, communication services, and materials mainly weighed on the index, with early losers including Briscoe Group (-0.9%), A2 Milk (-0.8%), Hallenstein Glasson (-0.8%), F&C Investment (-0.6%), Infratil (-0.6%), and Delegat Group (-0.4%).
Crypto Updates: Binance Drops by 4.12%
Top crypto losers are Binance (-4.12%), XRP (-1.93%), Ether (-1.17%) and Bitcoin (-0.57%).
Agricultural Commodities Updates: Rubber Gains by 2.94%
Top commodity gainers are Rubber (2.94%), Lumber (1.40%) and Sugar (1.32%). Biggest losers are Wheat (-2.60%) and Oat (-1.14%).
Metals Commodities Updates: Platinum Gains by 2.75%
Top commodity gainers are Platinum (2.75%), Silver (2.37%) and Gold (1.07%). Biggest losers are Iron Ore CNY (-0.87%), Steel Rebar (-0.74%) and Lithium Carbonate (-0.68%).
Energy Commodities Updates: Natural Gas UK Soars by 5.11%
Top commodity gainers are Natural Gas UK (5.11%), Heating Oil (5.05%), Natural Gas EU (4.55%), Crude Oil (4.31%) and Brent Oil (4.12%). Biggest losers are Natural gas (-3.80%), Methanol (-3.58%) and Ethanol (-1.09%).
FX Updates: Brazilian Real Drops by 0.35%
Top currency losers are Brazilian Real (-0.35%), Indian Rupee (-0.28%) and New Zealand Dollar (-0.25%). Gains are led by Norwegian Krone (0.33%), Japanese Yen (0.30%), Euro (0.10%) and British Pound (0.06%). Meanwhile Dollar Index was little changed.
United States
US Crude Inventories Fall in Early September
US crude oil inventories fell by 300,000 barrels in the week ended September 4th, following a 2.6 million-barrel decline in the previous week. Commercial crude inventories excluding the SPR have fallen by just over 48 million barrels over the past 21 weeks, while US crude inventories are up 2.8 million barrels year to date. Another 1.2 million barrels were released from the SPR to support commercial inventories, bringing total SPR holdings to 285.4 million barrels. The generally accepted operational minimum is 250-300 million barrels. Cushing inventories fell by 300,000 barrels after rising by 200,000 barrels the previous week. US production rose to 13.862 million bpd in the week ended August 28th, from 13.843 million bpd. Gasoline inventories fell by 1.9 million barrels, while distillate inventories rose by 2 million barrels.
Brent Tops $101 as US-Iran Conflict Escalates
Brent crude rose above $101.5 a barrel on Wednesday for the first time since May, driven by escalating US-Iran tensions. US officials reported that Iran attempted to attack Navy ships on Monday after targeting an aircraft carrier with ballistic missiles over the weekend, in a previously undisclosed wave of attacks. Meanwhile, Iranian state media said a US missile targeted a small oil tanker four miles from Kharg Island on Tuesday. The war broadened this week after Iran-backed Houthi militants attacked several energy facilities in Saudi Arabia, forcing a temporary halt to some operations. The attacks came after the US military struck three Iranian oil tankers on Saturday in retaliation for Iranian ballistic missile attacks on two Navy warships. Adding to upwards pressures on prices, US crude inventories fell by 0.3 million barrels last week. Meanwhile, Ukrainian drones hit infrastructure in Novorossiysk, Russia’s key oil terminal in the Black Sea, on Wednesday.
Crude Oil Hits Highest Since May on US-Iran War
Crude oil rose to about $96.70 a barrel on Wednesday, its highest level since May, driven by escalating US-Iran tensions. US officials reported that Iran attempted to attack Navy ships on Monday after targeting an aircraft carrier with ballistic missiles over the weekend, in a previously undisclosed wave of attacks. Meanwhile, Iranian state media said a US missile targeted a small oil tanker four miles from Kharg Island on Tuesday. The war broadened this week after Iran-backed Houthi militants attacked several energy facilities in Saudi Arabia, forcing a temporary halt to some operations. The attacks came after the US military struck three Iranian oil tankers on Saturday in retaliation for Iranian ballistic missile attacks on two Navy warships. Adding to upwards pressures on prices, US crude inventories fell by 0.3 million barrels last week. Meanwhile, Ukrainian drones hit infrastructure in Novorossiysk, Russia’s key oil terminal in the Black Sea, on Wednesday.
Brazil
Ibovespa Slips on Political Risks and Inflation Fears
The Ibovespa fell 0.9% to close at 185,629 on Wednesday amid renewed political risks in Brazil and escalating Middle East hostilities. Supreme Court Justice Flávio Dino ordered the reinstatement of Federal Police chief Andrei Rodrigues, granting an emergency request a day after Justice André Mendonça mandated his removal. Mendonça, who is overseeing a sprawling fraud investigation into failed lender Banco Master, had accused the Federal Police of illegally surveilling him and other public officials. The crisis reflects Brazil’s wider political polarization ahead of the October presidential election. Meanwhile, intensifying Middle East hostilities pushed oil prices higher, rekindling inflation fears. Major banks posted losses, with Itaú down 2% and Bradesco losing 2.4%. Utilities also closed lower, with Axia down 1.9%. WEG (-1.8%) and Ambev (-1.5%) also weighed on the index. Petrobras rose 0.7% on higher oil prices.
Canada
TSX Closes Lower on Trade War and Inflation Concerns
The S&P/TSX Composite Index fell 0.6% to close at 35,907 on Wednesday after the US expanded trade restrictions on Canada. The US banned imports of numerous alcoholic beverages, motorcycles and dairy products, following 50% tariffs imposed last month on about $20 billion of Canadian goods and retaliatory tariffs from Canada. Saputo lost 0.7%, Canada Packers shed 3.1%, and BRP fell 4%. Meanwhile, intensifying Middle East hostilities pushed oil prices higher, rekindling inflation fears ahead of Friday’s US CPI data. Banks came under pressure amid increased rate-hike expectations, with RBC and TD Bank down 0.9%, BMO losing 1.3%, and CIBC shedding 1.5%. Miners gained on higher gold prices, with Agnico Eagle adding 0.7%, Barrick rising 1.2%, and WPM up 1.4%. Lithium Americas jumped 6.5% after J.P. Morgan initiated coverage with an “overweight” rating.
United States
Wall Street Slips on Higher Yields
US stock indices closed lower on Wednesday as higher yields weighed on corporate margins and consumer demand. The S&P 500 fell 0.5%, the Nasdaq lost 0.3%, and the Dow shed 405 points. Oil prices rose further as US-Iran strikes escalated, reducing the likelihood of a near-term resumption of Middle Eastern oil exports and adding to inflation concerns ahead of the Fed’s meeting next week. Risks that higher borrowing costs could weigh on equities increased amid higher rates on debt raised by AI hyperscalers for data-center development. The US Treasury tripled the initial size of its next buyback of longer-dated debt, disappointing investors who had expected a larger increase. Alphabet fell 2.3% after announcing a $15.1 billion buildout in Finland, while Amazon dropped 1.8% after another sterling financing round. Meta jumped 6.5% on a new AI agent. Apple shed 0.3% despite unveiling a foldable iPhone. Gains in chipmakers helped limit Nasdaq losses, Micron added 2.7% and AMD rose 3%.
United States
IBM Stock Price Hits 4-week High
IBM shares increased to 241.20 USD, the highest since August 2026. Over the past 4 weeks, IBM gained 1.82%, and in the last 12 months, it decreased 6.34%.
Crypto Updates: Binance Depreciates by 1.64%
Today's cryptos market is characterized by modest daily movements, with Binance standing out as the frontrunner with a -1.64% decrease.
Agricultural Commodities Updates: Wheat Drops by 2.95%
Top commodity losers are Wheat (-2.95%) and Oat (-2.07%). Gains are led by Rubber (2.94%), Sugar (1.38%) and Cotton (1.10%).
Metals Commodities Updates: Platinum Gains by 3.33%
Top commodity gainers are Platinum (3.33%), Silver (3.28%) and Gold (1.45%). Biggest losers are Iron Ore CNY (-0.87%), Steel Rebar (-0.74%) and Lithium Carbonate (-0.68%).
Energy Commodities Updates: Heating Oil Gains by 4.68%
Top commodity gainers are Heating Oil (4.68%), Natural Gas EU (4.14%), Natural Gas UK (3.95%), Brent Oil (3.54%) and Crude Oil (3.34%). Biggest losers are Natural gas (-3.28%), Gasoline (-1.61%) and Methanol (-1.56%).
United States
US 10-Year Yield Rises to Near 3-Year High
The yield on the 10-year US Treasury note rose toward 4.85% on Wednesday, the highest since October of 2023, after the Treasury Department tripled the buyback on notes and bonds to take place tomorrow. The department will purchase $6 billion in off-the-run securities, compared with Secretary Bessent's earlier announcement that buybacks would at least double to $4 billion, among the multiple moves by Washington to supress long-maturity yields. Yields on the long-end of the curve have surged this year as high oil prices due to the war in Iran raised underlying inflation, risking a rate hike by the Federal Reserve in upcoming meetings. This was magnified by record-setting corporate debt supply, with AI companies issuing north of $1.5 trillion in new issuance. On top of that, pressure on the Japanese yen drove Tokyo to repeatedly sell Treasury securities to defend the currency. Still, yields on the 10-year note recouped some gains after the fresh auction stopped-through 1.5bps.
Gasoline Eases From Two-Week High
US gasoline futures fell below $3.20 a gallon after rising to a two-week high, amid a reduced outlook for gasoline demand. Energy Secretary Wright stated that slowing demand following the end of the summer driving season could help rebuild inventories, which remain 6% below the five-year average, while US refineries are operating near full capacity, with some delaying seasonal fall maintenance to keep production levels elevated. Similarly, China, the world’s biggest crude importer, increased crude imports in August as refiners boosted production amid depleting inventories, offering some relief to a tight global refining market. However, gasoline demand in China is set to fall 8.7% in 2026, accelerating the elimination of excess refining capacity. Meanwhile, tensions in the Middle East intensified as the US military carried out strikes on Iranian tankers. Adding to the pressure, Ukraine attacked an energy facility in Russia’s Arctic for the first time.
United Kingdom
FTSE 100 Falls to 7-Week Low
The FTSE 100 fell more than 1% to a seven-week low on Wednesday as Brent crude surged to $101 a barrel, its highest level since May, amid renewed fighting in the Middle East. The US destroyed five Iranian crude-carrying tankers following an attempted strike on a US Navy warship, while Tehran fired missiles towards Jordan and warned vessels in the Persian Gulf. Energy stocks were among the few gainers, with Shell up 0.2% and BP rising 0.7%. Aberdeen Group edged lower after earlier gaining more than 2% following the appointment of Torbjörn Magnusson as chairman, subject to regulatory approval. Elsewhere, financials, consumer staples, industrials and materials came under heavy selling pressure. HSBC fell nearly 2%, while Unilever and BAT dropped 1.6% and 1.3%, respectively. Rolls-Royce declined 2.5%, Rio Tinto fell 1.5% and Glencore lost 1%. AstraZeneca was also under pressure, falling 1.8%.
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