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Featured AlphaTack Intel Article
Russian Fuel Cargo Veers Away From Cuba as US Tweaks Rules
A tanker carrying a cargo of diesel believed to be bound for Cuba updated its destination to Puerto Cabello, a major port in Venezuela, after the US clarified that the communist-run island remains ineligible to receive Russian fuel. The Sea Horse, likely carrying...
– AlphaTack Intel Articles –
Tech Giants Enter Correction as Mideast War Drags Stocks Down
Technology giants entered a correction on Friday as the war in Iran continued to escalate and oil closed above above $100 a barrel once again. Bloomberg’s gauge for the Magnificent Seven closed 1.6% lower, putting the group of mega-cap names — including Nvidia...
European Stocks Fall as Iran War Sparks Back-to-Back Weekly Loss
European stocks whipsawed on Friday, ultimately ending the week lower, as oil prices moved back above $100 a barrel and traders reduced risk ahead of the weekend. The Stoxx Europe 600 closed 0.5% lower, notching the index’s first back-to-back weekly declines this...
Iran War Hits Zinc Market as China Faces Raw-Material Disruption
Chinese zinc smelters are facing disruptions to shipments of raw materials from Iran, putting further strains on supplies after lower-than-expected deliveries from a major new mine in Russia. Both Iran and Russia mainly ship their zinc concentrates — a form of...
BofA’s Hartnett Warns Markets Starting to Look Like 2008
The spike in oil prices and growing concerns around private credit are causing market activity to resemble the lead-up to the global financial crisis, according to Bank of America’s Michael Hartnett. The strategist flagged how oil doubled to $140 a barrel by August...
US Consumer Sentiment Slips as War Worries Start to Mount
US consumer sentiment declined to a three-month low as fears mounted in recent weeks about the impact on gasoline prices from the war with Iran. The preliminary March sentiment index dropped to 55.5 from 56.6 in February, according to the University of Michigan. The...
Saudi Stocks Defy Gulf Turmoil to Rise as Local Buyers Step In
As the Iran war erupted, Gulf stock markets looked certain to tumble once trading resumed. But Saudi equities have defied those expectations to rise despite the conflict, helped by support from local investors. Riyadh’s Tadawul All Share Index is 1.7% higher than...