EUR/USD 1.15262
-0.682%
Gold 5098.24
-1.069%
Oil 100.661
13.690%
USD/JPY 158.608
0.447%
GBP/USD 1.33122
-0.587%
GBP/JPY 211.147
-0.142%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 9th - According to the latest smartphone research from TrendForce, global smartphone production reached 337 million units in the fourth quarter of 2025, a 2.7% increase quarter-on-quarter, thanks to the surge in sales of new Apple models. Furthermore, Apple and Samsung both produced nearly 240 million units in 2025, tying for the top spot globally. TrendForce stated that the smartphone market benefited from subsidies in the Chinese market in the first half of 2025, while the traditional peak season contributed to the second half, resulting in a total production of approximately 1.254 billion units for the year, a 2.5% year-on-year increase. In 2026, due to soaring memory prices, smartphone costs increased sharply, and global production is expected to decrease by at least 10% year-on-year, falling to 1.135 billion units. Brand manufacturers face a dilemma of "raising prices to maintain profits" and "reducing specifications to maintain volume," with the low-end market bearing the brunt.Gold prices fell 1% on Monday as markets worried that rising energy prices could exacerbate inflation and delay US interest rate cuts. Meanwhile, oil prices surged above $100 a barrel as major Gulf oil producers began cutting production. Nevertheless, Saxo Bank analysts noted in a report: "The current surge in oil prices reflects a supply shock rather than increased demand, which exacerbates the risk of stagflation and could ultimately force central banks to provide economic support. In the short term, deleveraging and a stronger dollar may put pressure on gold prices, but this does not eliminate the fundamental reasons for the increasing influx of investors into hard assets in recent years."March 9th - Apple is set to release its first foldable phone, the iPhone Fold, in the second half of the year. Supply chain sources indicate that Apple is very confident in the sales volume of the new phone and has significantly increased the inventory prepared by its supply chain, raising it by 20% above the original target. This is a rare instance of Apple significantly increasing its inventory requirements for new phones in recent years.European bank stocks fell 3%, hitting a more than three-month low.March 9th - Hong Kongs major stock indices opened lower this morning but subsequently rebounded, narrowing their losses. At the close, the Hang Seng Index fell 1.35%, and the Hang Seng Tech Index dropped 0.12%. Total turnover for the Hang Seng Index reached HK$392.33 billion. Southbound capital inflows reached HK$37.213 billion, a record high for a single day. In terms of sectors and individual stocks, energy equipment and services, and construction products sectors led the gains; ground transportation and passenger airlines sectors led the declines. Among individual stocks, XunCe (03317.HK) surged 52.37%, and MiniMax (00100.HK) rose 23.77%. XPeng Motors (09868.HK) rallied in the afternoon, closing up 5.65% for the day.

WTI struggles at $87 as recession worries probe OPEC's forecast and supply deficit fears intensify

Daniel Rogers

Sep 14, 2022 11:42

 156.png

 

After reverting from the weekly high, WTI crude oil traders seek clear direction around $87.50 during Wednesday's Asian session. However, the present hesitation in the price of black gold may be attributable to the mixed concerns regarding the demand-supply matrix.

 

The Organization of the Petroleum Exporting Countries (OPEC) indicated in a monthly report that oil consumption will climb by 3,1 million barrels per day (bpd) in 2022 and by 2,7 million barrels per day (bpd) in 2023, which is unchanged from last month. Despite obstacles such as rising prices, the news also highlighted indications that major economies were performing better than projected.

 

The news that the United States intends to replenish its emergency oil reserves, as well as the German and European move to control Russian oil and gas prices, could also be favorable for energy prices. In addition, rumors that the Western oil deal with Iran is a long way off are bolstering fears of a supply bottleneck and should have helped energy bulls.

 

Tuesday's US inflation statistics revived concerns about the Federal Reserve's fast rate hike and exacerbated recession concerns. Also acting as downward drivers for WTI crude oil are expectations of economic slowdown due to China and Russia-related concerns.

 

In spite of this, the US Consumer Price Index (CPI) for August increased by 8.3% year-over-year, surpassing market expectations by 0.1%. However, the monthly data increased to 0.1%, exceeding the -0.1% projected and the 0.0% shown in previous assessments. The core CPI, or CPI excluding food and energy, likewise exceeded the 6.1% consensus and 5.9% prior to printing at 6.3% for the month in question.

 

It should be mentioned that the weekly prints of the American Petroleum Institute's (API) industry inventory report also contributed to the commodity's downfall. The API Weekly Crude Oil Stock climbed to 6,035 million during the week ending September 9, up from 3,645,000 the previous week.

 

In the future, the price of black gold may stay under pressure due to a stronger US dollar and economic troubles. Before today's official weekly inventory data from the U.S. Energy Information Administration, however, the supply crisis concerns could test the bears (EIA). Thursday's US Retail Sales for the month of August and Friday's preliminary reading of the September Michigan Consumer Sentiment Index will also warrant close attention.

Suggestion