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Global Economy News 1 February 2026 - 6 February 2026

Heating Oil Price Today: ULSD slips in early trade as Iran talks, tight distillates stay in focus

Heating Oil Price Today: ULSD slips in early trade as Iran talks, tight distillates stay in focus

NYMEX heating oil futures fell 0.4% to $2.3830 a gallon in early New York trading Friday. U.S. distillate inventories dropped by 5.6 million barrels last week, hitting 127.4 million, according to the EIA. Traders are watching U.S.-Iran talks in Oman and upcoming inventory data for signals on supply risks. Brent crude edged up 7 cents to $67.62 a barrel.
Gold price slides as dollar firms and equity selloff forces liquidation; focus turns to U.S.-Iran talks

Gold price slides as dollar firms and equity selloff forces liquidation; focus turns to U.S.-Iran talks

Spot gold fell 1.8% to $4,872.83 an ounce Thursday, while U.S. gold futures closed down 1.2% at $4,889.50, pressured by a stronger dollar and broad selling. Silver plunged 12.1% to $77.36. U.S. jobless claims rose to 231,000 and job openings hit a five-year low. U.S.-Iran talks in Oman are set for Feb. 6, with key U.S. economic reports delayed until next week.
Google’s $185B AI spending shock rattles stocks as Nasdaq slide spreads to Asia

Google’s $185B AI spending shock rattles stocks as Nasdaq slide spreads to Asia

Alphabet plans capital spending of $175–185 billion in 2026, far above analyst forecasts. Asian stocks fell sharply, with MSCI’s Asia-Pacific index down 1.8% and South Korea’s KOSPI off 3.9%. U.S. tech shares slid, dragging the Nasdaq down 1.5%. Investors await ECB and Bank of England policy decisions.
BAE Systems share price ticks up as Ukraine air-defence buy, $195m US Marines order and buyback hit tape

BAE Systems share price ticks up as Ukraine air-defence buy, $195m US Marines order and buyback hit tape

BAE Systems shares edged up 0.1% to 1,933.5 pence in London after new Ukraine and U.S. defense contracts. The company secured a $195 million U.S. Marine Corps order and will supply air defense systems to Ukraine via a Swedish-Danish deal. Over 1,200 BAE workers in northwest England began a strike Feb. 2 over pay. BAE repurchased 110,541 shares for cancellation on Feb. 3.
Apple stock price jumps 4% on India tax win; AAPL dips after hours as risks linger

Apple stock price jumps 4% on India tax win; AAPL dips after hours as risks linger

Apple shares rose 4.1% to $270.01 Monday, then slipped 0.6% after hours. The move followed India’s new five-year tax certainty for foreign suppliers, seen as easing Apple’s iPhone production hurdles. CEO Tim Cook warned of ongoing memory-chip shortages impacting margins. Investors await a $0.26 dividend on Feb. 12 and the annual meeting Feb. 24.
Oil prices tumble 5% as Trump flags Iran talks, risk premium drains fast

Oil prices tumble 5% as Trump flags Iran talks, risk premium drains fast

Oil prices fell about 5% Monday after Donald Trump said Iran was “seriously talking” with the U.S., easing supply fears. Brent crude dropped $3.63 to $65.69 a barrel, while U.S. crude fell $3.60 to $61.61. OPEC+ kept March output steady and received updated compensation plans from Iraq, UAE, Kazakhstan, and Oman. Traders are watching China’s demand and upcoming U.S. inventory and jobs data.
BlackRock stock braces for Monday as Panama court clouds $23 billion ports sale

BlackRock stock braces for Monday as Panama court clouds $23 billion ports sale

Panama’s Supreme Court voided key port contracts held by a CK Hutchison unit, jeopardizing a $23 billion ports sale to a BlackRock-led group. BlackRock shares fell 0.7% to $1,118.94 on Friday. U.S. stocks broadly declined amid inflation and Fed concerns. Investors await fallout from the Panama ruling and upcoming U.S. economic data.
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Stock Market Today

SGX share price dips at week’s end after record profit; what investors watch next

SGX share price dips at week’s end after record profit; what investors watch next

7 February 2026
Singapore Exchange shares closed 0.4% lower at S$17.57 on Friday, despite reporting record half-year results and a higher dividend earlier in the week. Broker targets diverged after the update, with Maybank and DBS raising targets while Citi stayed bearish. Investors are watching for signs of momentum from derivatives and equity-market reforms as the next session opens Monday.
South32 share price drops 4% in ASX rout — what investors watch before results

South32 share price drops 4% in ASX rout — what investors watch before results

7 February 2026
South32 shares fell 4.1% to A$4.41 Friday as Australian miners dropped in the worst ASX session since April 2025. The S&P/ASX 200 lost 2%, erasing almost A$70 billion in value. South32’s half-year results and interim dividend decision are set for Feb. 12. Markets reopen Monday with investors watching for further volatility.
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