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World shares gain, while oil prices jump as Trump orders blockade of oil tankers to Venezuela
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....orld shares gain, while oil prices jump as Trump orders blockade of oil tankers to Venezuela<BR>Customs & Trade<BR>Dated:- 17-12-2025<BR>PTI<BR>Bangkok, Dec 17 (AP) Shares advanced on Wednesday in Europe and Asia as strong buying of technology shares helped lift some benchmarks, while the price of US crude briefly surged more than 2 per cent after President Donald Trump ordered a blockade of all ....
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....sanctioned oil tankers” into Venezuela. Trump's move followed the seizure by US forces last week of an oil tanker off Venezuela's coast, an unusual move that followed a buildup of military forces in the region as his administration ramps up pressure on the country's authoritarian leader Nicolás Maduro. The future for the S&P 500 edged 0.1 per cent higher and that for the Dow Jones Industr....
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....ial Average was virtually unchanged. In Germany, the DAX added 0.3 per cent to 24,138.73, while the CAC 40 in Paris was up 0.1 per cent to 8,115.18. Britain's FTSE 100 surged 1.4 per cent to 9,817.65. Tokyo's Nikkei 225 gained 0.3 per cent to 49,512.28 as traders awaited a decision on an interest rate hike by the Bank of Japan later in the week. Adding to expectations for a rate hike, Japan ....
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....reported its exports rose 6 per cent in November from a year earlier, as shipments to the US rose for the first time since March. A trade deal with the Trump administration that set tariffs on imports from Japan at a baseline rate of 15 per cent, down from the initial plan for a 25 per cent helped boost exports of cars and chemicals, among other key manufactured goods. Hong Kong's Hang Seng clim....
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....bed 0.9 per cent to 25,468.78, while the Shanghai Composite index jumped 1.2 per cent to 3,870.28. In South Korea, the Kospi advanced 1.4 per cent to 4,056.41, lifted by computer chip maker SK Hynix, which gained 4 per cent, and a 5 per cent jump for Samsung Electronics. Australia's S&P/ASX 200 gave up 0.2 per cent to 8,585.20. On Tuesday, US stocks drifted through a mixed day of trading aft....
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....er reports on the US economy did little to clear up uncertainty about where interest rates may be heading. One report said the US unemployment rate was at its worst level since 2021 in November, but employers also added more jobs last month than economists expected. A separate report, meanwhile, said an underlying measure of strength for revenue at US retailers grew more in October than economis....
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....ts expected. The S&P 500 slipped 0.2 per cent, staying a bit below its all-time high set last week. The Dow Jones Industrial Average dipped 0.6 per cent and the Nasdaq composite rose 0.2 per cent. The varied economic data left intact traders' hopes that the Federal Reserve may continue to cut interest rates in 2026. What the Fed does with interest rates is a top driver for financial markets be....
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....cause lower rates can boost the economy and prices for investments, even if they also may worsen inflation. A report coming on Thursday will show how bad inflation was last month, and economists expect it to show prices for US consumers continue to rise faster than anyone would like. A report released on Tuesday suggested price pressures are rising sharply, with average selling prices for busi....
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....nesses climbing at one of the fastest rates since the middle of 2022. The preliminary data from S&P Global also said growth for overall business activity slowed to its weakest level since June. Overhanging the markets are questions about whether all the spending underway on AI technology will produce the kind of profits and productivity that will make it worth the expense. The sharpest losses ....
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....on Wall Street came from companies in the oil business as prices for crude skidded. Expectations that companies are pumping more than enough oil to meet the world's demand sent the price for a barrel of benchmark US crude to its lowest level since 2021. Early Wednesday, US crude was up 99 cents, or 1.8 per cent, at USD 56.26 per barrel. Brent crude, the international standard, picked up 96 cents....
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...., or 1.6 per cent, to USD 59.88 per barrel. In other dealings early Wednesday, the US dollar rose to 155.48 Japanese yen from 154.73 yen. The euro slipped to USD 1.1717 from USD 1.1748. (AP) SKS SKS<BR> News - Press release - PIB....