EUR/USD
1.16349
0.018%
Gold
5163.01
0.439%
Oil
75.030
-0.304%
USD/JPY
156.979
-0.041%
GBP/USD
1.33699
-0.014%
GBP/JPY
209.885
-0.033%
Real-time News
1. International precious metals futures generally closed higher. COMEX gold futures rose 0.54% to $5151.60 per ounce, and COMEX silver futures rose 0.35% to $83.77 per ounce. Tensions in the Middle East pushed up oil prices and inflation concerns. Escalating geopolitical risks increased demand for gold as a safe haven, while economic uncertainty in a high-interest-rate environment supported golds safe-haven status. 2. The WTI crude oil futures contract closed up 2.08% at $76.11 per barrel; the Brent crude oil futures contract rose 1.36% to $82.51 per barrel. Tensions in the Middle East continued to paralyze shipping in the Strait of Hormuz, further disrupting Middle Eastern oil and gas supplies. 3. London base metals rose across the board. LME tin rose 4.83% to $51,200/ton, LME aluminum rose 2.60% to $3,335.5/ton, LME nickel rose 2.51% to $17,550.0/ton, LME zinc rose 1.51% to $3,319.0/ton, LME lead rose 1.34% to $1,962.0/ton, and LME copper rose 0.56% to $13,027.5/ton. 4. All three major U.S. stock indexes closed higher. The Dow Jones Industrial Average rose 0.49% to 48,739.41 points, the S&P 500 rose 0.78% to 6,869.5 points, and the Nasdaq Composite rose 1.29% to 22,807.48 points. Amazon rose nearly 4%, and Cisco rose more than 2%, leading the Dow Jones gains. The Wind US Tech Big Seven Index rose 1.13%, with Tesla up over 3% and Facebook up nearly 2%. The Nasdaq China Golden Dragon Index rose 0.8%, with Zai Lab up over 8% and NIO up over 5%. Resilience in the US labor market and strong expansion in the service sector, coupled with easing energy transportation concerns, gradually restored market sentiment. European stock indices rebounded after a decline, with the German DAX rising 1.74% to 24205.36 points, the French CAC40 rising 0.79% to 8167.73 points, and the UK FTSE 100 rising 0.8% to 10567.65 points. Market sentiment recovered from geopolitical shocks, with the USs stance on safeguarding ships in the Strait of Hormuz easing energy transportation concerns, and a technical rebound driving the stock market higher.U.S. Republican Senator Ted Cruz said that the Department of Defense and the Federal Aviation Administration must “significantly improve” their coordination following the drone incident in Texas.March 5 (Futures News) – According to foreign media reports, international oil prices closed flat on Wednesday after a volatile trading day. Escalating attacks on Iran by the United States and Israel have exacerbated regional tensions and paralyzed shipping in the Strait of Hormuz for the fifth consecutive day, disrupting oil and gas transport in the Middle East. Analysts say oil prices are high because the market is still struggling to cope with the prospect of a protracted war and ongoing supply disruptions. The United States has signaled a four- to five-week military operation; Iran is seeking to regionalize the conflict; and the crucial Strait of Hormuz has been effectively blocked. These developments could reverse the previously bearish supply and demand dynamics, pushing crude oil prices higher and nearing the $100 per barrel mark.Goldman Sachs CEO Roman: There is significant uncertainty surrounding the Middle East conflict; markets are attempting to assess the final outcome and its potential impact on energy and supply chains.Canada advises its citizens to avoid travel to Bahrain, Iran, Iraq, Israel and Palestine, Kuwait, Lebanon, Qatar, Syria, the United Arab Emirates, and Yemen.
