EUR/USD
1.15582
-0.001%
Gold
4517.46
0.251%
Oil
90.562
0.088%
USD/JPY
159.485
0.014%
GBP/USD
1.33519
-0.089%
GBP/JPY
212.947
-0.013%
Real-time News
Euro Stoxx 50 futures fell 0.6%, German DAX futures fell 0.8%, and UK FTSE 100 futures fell 0.2%.S&P 500 futures fell 0.38%, and Nasdaq futures fell 0.4%.March 26 – The ongoing conflict between the US, Israel, and Iraq has strained global energy supplies, prompting the Philippines, a country heavily reliant on energy imports, to seek oil imports from countries sanctioned by the US. Philippine Ambassador to the US, José Manuel Romúaldez, told Reuters that the Philippines is seeking a US "exemption" to allow it to purchase oil from US-sanctioned countries. When pressed further about whether oil imports from Venezuela and Iran were under discussion, Romúaldez replied that "all options are being considered." Regarding the US State Departments response to the Philippine request, Romúaldez said, "The work is underway."March 26 – At 11:00 AM local time today (March 26), according to Japans Ministry of Economy, Trade and Industry, the release of Japans national oil reserves began at the Kikuma National Oil Reserve Base in Imabari City, Ehime Prefecture. The Japanese government plans to release reserves from nine bases nationwide, including Kikuma, throughout this month, with two more added in April, ultimately reaching eleven bases across the country. The total estimated release is approximately 8.5 million kiloliters, equivalent to about one months domestic oil consumption. The released national oil reserves will be sold by the Japanese government to the four major oil wholesalers for approximately 540 billion yen, who will then process them into gasoline and other refined petroleum products for the market. In addition, the Japanese government also plans to cooperate with oil-producing countries to release the "Joint Oil Reserves" stored within Japan, equivalent to about five days worth of consumption, this month.On March 26th, Goldman Sachs portfolio strategy team downgraded its rating on Indian stocks from "overweight" to "neutral" in a research report, citing the anticipated prolonged period of high energy prices and the resulting deterioration of Indias macroeconomic structure. Given Indias vulnerability to energy shocks, Goldman Sachs economists lowered their 2026 GDP growth forecast for India by 1.1 percentage points to 5.9%. The team also cumulatively lowered its earnings growth forecast for Indian stocks over the next two years by 9 percentage points. Furthermore, the team anticipates a weakening of investor confidence in Indian stocks in the short term. The team lowered its 12-month target price for the Nifty 50 index from 29,300 points to 25,900 points. The Nifty 50 index closed up 1.7% at 23,306.45 points.
