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Asia-Pacific Markets Torn: Diplomatic Optimism Battles Iran War Anxiety

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Asia-Pacific Markets — Asia-Pacific markets closed mixed on Wednesday as investors reacted to stronger-than-expected U.S. inflation data, elevated oil prices, and uncertainty surrounding the fragile ceasefire linked to tensions involving Iran. Investor attention also remained fixed on the anticipated diplomatic engagement between U.S. President Donald Trump and Chinese President Xi Jinping, with markets watching closely […]

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Nvidia Climbs Ahead of Earnings as AI Rally Continues to Power Tech Stocks

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Tech & AI Markets — Shares of NVIDIA gained more than 2 percent on Wednesday as investor enthusiasm around artificial intelligence and semiconductor demand continued to lift technology stocks ahead of the company’s highly anticipated earnings report next week. The rally was supported in part by Nvidia CEO Jensen Huang joining U.S. President Donald Trump

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Oil Remains Above $100 as Iran Ceasefire Keeps War Premium Intact

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Global Commodities — Oil prices remained elevated on Wednesday despite slight declines, as investors continued to monitor the fragile ceasefire involving Iran and lingering geopolitical risks across the Middle East. West Texas Intermediate crude fell 0.66 percent to about $101.50 per barrel, while Brent crude slipped 0.35 percent to approximately $107.40 per barrel. Market analysts

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U.S. Wholesale Inflation Hits Highest Level Since 2022, Raising Rate Hike Fears

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U.S. Economy — Inflation concerns intensified on Wednesday after new data showed U.S. wholesale prices rising at their fastest pace in years, reinforcing fears that price pressures may remain stubbornly elevated across the American economy. The U.S. Producer Price Index (PPI), which tracks wholesale inflation, rose 6.0 percent year-over-year in April, significantly above market expectations

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Tech Rally Pushes S&P 500 to Record High Despite Inflation Concerns

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U.S. Markets — The S&P 500 reached a fresh intraday record high on Wednesday as strong investor appetite for technology stocks outweighed concerns over another hotter-than-expected U.S. inflation report. The benchmark index gained 0.7 percent, while the NASDAQ Composite advanced 1.4 percent, driven by continued momentum in artificial intelligence and semiconductor-related equities. In contrast, the

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Naira Holds Steady at Q2 Open on Strong Reserves, Tight Policy

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Abuja — The Nigerian naira has started the second quarter of 2026 on a stable note, trading within a controlled range against the U.S. dollar as macroeconomic buffers strengthen. External reserves, according to the Central Bank of Nigeria (CBN), remain robust at about $49.40 billion, providing sufficient cover for foreign exchange interventions and market stability.The

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Hormuz Crisis Ripples Through Global Economy as Airfares Rise, Supply Chains Tighten

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Dubai — The escalating disruption around the is beginning to hit global markets, with early signs of impact on aviation, agriculture, and regional security. Air travel costs are already rising, with the CEO of warning that airfares have increased by about 20 per cent, driven by higher fuel costs and rerouted flight paths to avoid

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Equities Mixed as Market Cap Slips, ETPs Outperform

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Nigeria’s financial markets closed mixed on Thursday with equities easing slightly, fixed income marginally higher, and Exchange-Traded Products (ETPs) delivering the strongest performance of the day. Equity capitalization declined by 0.52 percent to ₦105.88 trillion, despite the benchmark All-Share Index firming to 166,256.83 points. Fixed income instruments advanced by 0.09 percent to ₦51.63 trillion, while

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Nigeria’s NSE All Share Index Climbs on Strong Market Momentum

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Nigeria’s main stock market index, the NSE All Share, advanced to 160,592 points on January 7, 2026, representing a 0.40% increase from the previous trading session. Over the past month, the index has gained 8.93%, while year-on-year performance shows an impressive 54.07% rise, according to trading data from a contract for difference (CFD) that tracks

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