Analysts from Wood Mackenzie and Kpler report that the global economy has incurred losses exceeding $50 billion due to unmet oil production targets since the conflict in the Middle East began. As per analysts' projections and the agency's assessments, the effects of this crisis will be experienced for months and possibly years ahead. According to Kpler data, over 500 million barrels of crude oil...

On April 8, the Stoxx 600, which is a key measure of European stock performance, increased by 4%, reaching a high of 614.4 points as per the trading data. According to Bloomberg, this represents the most significant intraday increase in over a year, dating back to April 2025. As the agency points out, investors started purchasing European stocks following the agreement between the US and Iran to...

Pierre Wunsch, a member of the ECB Governing Council and head of the Belgian Central Bank, told The Wall Street Journal that the European Central Bank might have to raise its main interest rates multiple times if the energy crisis, which has been caused by the armed conflict in the Middle East, continues. He mentioned that the first interest rate increase might take place as early as April. The...

Global chip sales in February increased by 1.6 times, or 61.8%, compared to the same period last year, amounting to $88.78 billion, as reported by the Semiconductor Industry Association. This represents a 7.6% increase from January. "Sales in the Asia-Pacific region, the Americas, and China were the primary factors contributing to the year-over-year growth," stated SIA President and CEO John...

JPMorgan Chase & Co. CEO Jamie Dimon cautioned that increasing oil and other commodity prices from the Iran conflict could trigger accelerated inflation and elevated interest rates, potentially causing deterioration in financial markets. In his yearly letter to shareholders, Dimon mentioned that markets might encounter an unwelcome shock as soon as 2026 due to a steady rise in price...

According to the German automobile association ADAC, the cost of diesel fuel in Germany hit €2.487 per liter, marking a record peak. The rise in fuel costs was caused by escalating global oil prices due to the ongoing Middle East conflict and congestion in the Strait of Hormuz. Even the latest actions by the German government, which enacted a law last week permitting fuel price hikes only once...

Retail investors in the US stock market started selling more stocks than buying for the first time since November 2023, according to a report by Bloomberg, which is based on data from the research firm Vanda Research. On Monday, March 23, their total sales were $20.6 million. In recent years, retail investors have been the main ones buying when the US market goes down, but now the dangers are...

The Eurozone Manufacturing Purchasing Managers' Index (PMI) reached a high not seen in 45 months, hitting 51.4 in March, an increase from 50.8 in February, as reported by S&P Global in a preliminary estimate. Analysts surveyed by Trading Economics anticipated an average reading of 49.4. The 50-point level indicates whether business activity is expanding or contracting. According to a report...

Several Vietnamese airlines are planning to temporarily stop some domestic flights because of fuel shortages and increasing costs caused by the conflict in the Middle East, according to a report by Bloomberg. The Civil Aviation Authority of Vietnam stated that beginning on April 1st, the country's state-owned airline, Vietnam Airlines, will decrease the number of domestic flights, with...