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The Speaker of the Iranian Parliament stated that the Iranian delegation put forward forward-looking initiatives, but the other side ultimately failed to win the trust of the Iranian delegation in this round of negotiations.According to the Oman News Agency, Oman has awarded five oil and gas concession blocks to local and international oil companies.April 12 (Reuters) - Iran expects to restore most of its damaged refining and distribution facilities to 70-80% of their pre-attack capacity within the next one to two months, according to the Iranian Students News Agency. Authorities are currently working to recover from a wave of attacks on energy infrastructure. The Iranian Deputy Oil Minister stated that repairs have begun, and some facilities at the Ravan refinery are expected to resume operation within about 10 days, with other units gradually resuming production.According to Japans Kyodo News, Isuzu Motors will postpone the launch of its fuel cell truck, which it developed in collaboration with Honda and was originally scheduled to be released in 2027.On April 12, the Russian Ministry of Defense announced that, according to President Putins order, all Russian troops in the special military operations zone were to strictly adhere to the ceasefire agreement starting at 16:00 Moscow time on April 11. However, from 16:00 on April 11 to 8:00 on April 12, Russia recorded 1,971 ceasefire violations by Ukrainian armed forces. The announcement also stated that prior to the ceasefire agreement taking effect, Russian forces conducted strikes on temporary deployment sites of Ukrainian armed forces and foreign mercenaries in 38 areas. Ukraine has not yet responded to these claims.

Hang Seng Index, ASX200, Nikkei 225: Markets Find Brief Relief

Jimmy Khan

Feb 28, 2023 15:37


Industry Snapshot

Tuesday's early trading period for the Hang Seng Index and the larger Asian markets was positive. This morning, the Asian markets followed the Dow and the NASDAQ Composite Index into the green.


Riskier assets received support from US economic data on Monday, as the crucial Goods Orders Non-Defense Ex Aviation increased by 0.8% in January, correcting a 0.3% decline from December.


The recent decline in crude oil prices has given rise to expectations that US inflation will experience a brief hiccup in January. However, with the US jobless rate at 3.4% and high US inflation, the Fed's conservatives will have a strong influence in the upcoming sessions. Anxiety of making a mistake would prefer an over-tightening and a gentle landing over abandoning the fight against inflation, which would support a more aggressive direction for interest rates.


Growing global conflict between the US and China has dampened expectations for a strong first quarter for the Hang Seng Index based on the China reopening narrative. Russia-China relations over Ukraine continue to be of worry.


Mixed regional economic data this morning limited the gains due to persistent challenges in the global stock markets. Consumer purchasing pleased, continuing a pattern seen in Europe and the US, while industrial sector statistics showed warning.


The NASDAQ Composite Index increased by 0.63% on Monday, while the Dow Jones and S&P 500 both saw increases of 0.22% and 0.31%, respectively. The US Futures provided assistance this morning. The NASDAQ mini increased by 41 points while the DJI mini gained 50 points.



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