All posts tagged: High

Japan’s Nikkei retreats from record high as AI rally sparks caution

Japan’s Nikkei retreats from record high as AI rally sparks caution

Published by Sam Flores

TOKYO, May 27 : Japan’s Nikkei share average retreated from a record peak to end nearly flat on Wednesday, as investor caution grew about the fast-paced rally in AI-related stocks. The Nikkei closed at 64,999.41, after rising as much as 2.2 per cent earlier in the session to hit a record intraday high of 66,428.81. The broader Topix fell 0.52 per cent to 3,918.01. Shares of chipmaking equipment maker Tokyo Electron and chip-testing equipment maker Advantest ended up 2.1 per cent and 4.05 per cent, respectively, making them the biggest contributors to the Nikkei. “Caution emerged for the high-pitched rally. The market sold AI-related shares that have gained in the latest sessions,” said Shunichi Otsuka, general manager at the research and strategy department at Ichiyoshi Securities. Uniqlo-brand owner Fast Retailing rose 3.06 per cent. SoftBank Group slid 7.26 per cent, weighing most on the Nikkei and marking the index’s biggest percentage loss. The technology investor’s shares are still up 7.62 per cent so far this week, outpacing the Nikkei’s 2.62 per cent gain. Fibre-optic cable …

Futures, Global Stocks Soar To All Time High, Oil Plunges On Endless “Iran Deal” Drumbeat

Futures, Global Stocks Soar To All Time High, Oil Plunges On Endless “Iran Deal” Drumbeat

Published by Jenni Sidey

US equity futures jumped and global stocks rose to record highs as crude oil fell after officials signaled – once again – that the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened while precious metals and crypto bounced from Friday’s drop. While the US and Iran closed in on a deal, Trump said he won’t “rush” into an agreement. The deal is still a work in progress and the US is going to give diplomacy every chance to succeed, Secretary of State Marco Rubio said. S&P 500 futures squeezed higher by 0.9%, in line with Goldman expectations, while Nasdaq futs were up 1.3%, both printing in record territory as the market just can’t get enough of news that “a deal is imminent.” US cash markets are shut Monday for the Memorial Day holiday. The dollar retreated against all of its Group-of-10 peers.  Crude oil slumps more than 5%: WTI crude futures fall to around $91 and Brent contracts drop below $98 a barrel. Aussie tops G-10 leaderboard; euro and pound …

India’s Power Demand Hits Record High As Heat Drives Coal Use

India’s Power Demand Hits Record High As Heat Drives Coal Use

Published by Jenni Sidey

Submitted by Irina Slav of OilPrice.com India’s power generation rose to a new all-time high amid hot weather that drove air-conditioning demand up, with thermal generation, most of its coming from coal power plants, covering 62% of demand. Power demand on Thursday hit 271 GW, on the “fourth consecutive day when the peak power demand (solar hours) reached a new all-time high,” India’s power ministry said, as quoted by AFP. After milder temperatures tempered demand growth in the fiscal year to March 2026 to the lowest level in six years, demand is now beating peak consumption records amid heat waves at the start of this year’s summer. India’s coal demand from power plants is set to rise by 11.5% in the April to June quarter amid the peak electricity demand season in the country in May and June, sources with knowledge of the matter told the Economic Times in April. Besides coal, which dominated India’s grid this week, solar power covered 22% of demand, the power ministry also said, while hydro and wind provided another …

‘Full-on summer heat’: western Europe braces for unusually high temperatures | Europe

‘Full-on summer heat’: western Europe braces for unusually high temperatures | Europe

Published by Jenni Sidey

A large swathe of western Europe is bracing for the first significant heat event of the summer, with temperatures forecast to rise to more than 10C above the norm and new monthly records for May expected to be set in possibly hundreds of places. Temperatures across Portugal, Spain, France and the UK were expected to exceed 30C (86F) on Friday and into next week, reaching 32C in Paris and London and 35C in south-west France, with highs of up to 38C in the Guadiana and Guadalquivir regions of Spain. “Both maximum and minimum temperatures are likely to reach unprecedented levels for the season in multiple regions, particularly the south-west, during a premature heat event that will be intense and last several days,” said Météo-France. The French national weather forecaster said records were almost certain to be set for the highest May temperature recorded in France (30.5C in 2025), and the highest average temperature across the country on a day in May (22.8C in 2017). It said the exceptional temperatures, likely to exceed previous records by …

Walmart Tumbles On Disappointing Guidance; Warns Low-Income Consumers Drowning, High Fuel Costs Will Hit Profit

Walmart Tumbles On Disappointing Guidance; Warns Low-Income Consumers Drowning, High Fuel Costs Will Hit Profit

Published by Jenni Sidey

Extending concerns about US consumer weakness – now that the bumper OBBBA tax refund period is over – after yesterday’s earnings by Home Depot and Target, this morning Walmart reported Q1 earnings (the last big company to report, rounding out earnings season) and warned that fuel costs are squeezing the company’s bottom line and could lead to higher prices for shoppers.  In the latest quarter, the world’s largest retailer said comparable sales in US stores rose 4.1%, excluding fuel, in the latest quarter, slightly better than the 4.0% Wall Street analysts were expecting. That was the good news; the bad news is that this was the slowest growth in comp store sales since 2024; Walmart also forecast adjusted profit for the second quarter that missed analysts’ expectations. That, together with several warnings on the state of the low-income consumer and that prices will rise unless input costs drop slammed shares. The results show that the company continues to gain market share across income levels with its focus on low prices, fast delivery and wide assortment. But the emphasis on …

“Door Of Doom” Looms As 30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales

“Door Of Doom” Looms As 30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales

Published by Jenni Sidey

Bond yields continued to move sharply higher today, driven in large part by the aggressive repricing in the oil strip as markets (finally) price in a lengthy disruption to Hormuz traffic which has pushed year-end prices higher by about $12 in the past month. The result has been a spike across virtually all tenors: *US 2-YEAR YIELD RISES TO 4.11%, HIGHEST SINCE FEBRUARY 2025 *TREASURY 5- AND 7-YEAR YIELDS RISE 10 BASIS POINTS ON DAY *US 30-YEAR YIELD RISES TO 5.195%, HIGHEST SINCE JULY 2007 … as can be seen below, with the 30Y yield rising above 5.19% and the highest since 2007 According to Bloomberg, the latest spike higher in 10Y yields which is reverberating across the curve… … is due to a block of 23,000 contracts in 10-year bond June futures traded at a price of 108-25+ on CBOT. A total of 1.34 million contracts traded so far in this session. Two minutes later 20,000 was also blocked at 108-24+ with price action around the two trades consistent with sellers.  The combined amount …

High Potential’s Kaitlin Olson mourns devastating family loss: ‘My forever favorite person’

High Potential’s Kaitlin Olson mourns devastating family loss: ‘My forever favorite person’

Published by Daniella Wilson

It’s a difficult time for Kaitlin Olson’s family, with the actress taking to Instagram to share some truly devastating family news. The High Potential star, 50, broke the news on Instagram that her father Donald Lee Olson had passed away, paying tribute to him with several family photos, throwbacks, a snap with her husband Rob McElhenney, and one touching photo of the pair holding hands before his passing. © InstagramKaitlin Olson shared news of her father Donald Lee Olson’s death on social media “Honestly it feels a little gross to bring this to social media,” she penned alongside the photos. “It’s too fragile and too private. But nothing feels more wrong than to just move on with life as if the worst thing in the world didn’t happen. As if everything that matters didn’t just suddenly end.” “My dad died,” Kaitlin continued. “My first love, my first protector and my forever favorite person. He fought so hard and so long to stay with us. I hate words right now. None are good enough to describe …