Stock Market

Chinese chip companies targeted by Washington with fresh export controls have vowed to speed up supply chain localisation and said they would be able to continue production thanks to recent efforts to build equipment stockpiles.

Stellantis faces headwinds, including sluggish sales, high inventory levels in North America, fierce competition from Chinese automakers, and the industry-wide pivot toward electric vehicles.

Crude oil for January delivery was up 0.16% or 0.11 to $68.99 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.12% or 0.09 to hit $72.69 a barrel, while the February Gold Futures contract rose 0.97% or 25.91 to trade at $2,687.41 a troy ounce.

Asian shares fell on Thursday and the dollar firmed slightly as investors pondered U.S. data that showed progress in slowing inflation had stalled even as the economy remained resilient, while rising geopolitical worries kept risk sentiment in check.

The Australian government on Wednesday introduced a bill into parliament that would impose potentially billion-dollar fines on big supermarket chains that fail to comply with an industry code of conduct ensuring they do not mistreat suppliers.

Crude oil for January delivery was up 0.41% or 0.28 to $69.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.30% or 0.22 to hit $72.70 a barrel, while the February Gold Futures contract rose 0.26% or 6.95 to trade at $2,649.55 a troy ounce.

Crude oil for January delivery was down 0.93% or 0.66 to $70.58 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.87% or 0.65 to hit $73.98 a barrel, while the February Gold Futures contract fell 1.70% or 46.65 to trade at $2,690.55 a troy ounce.

Crude oil for January delivery was up 0.63% or 0.44 to $70.54 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.61% or 0.45 to hit $74.68 a barrel, while the December Gold Futures contract rose 0.98% or 26.15 to trade at $2,701.05 a troy ounce.

Crude oil for January delivery was up 1.09% or 0.75 to $69.50 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.99% or 0.72 to hit $73.53 a barrel, while the December Gold Futures contract rose 0.74% or 19.55 to trade at $2,671.25 a troy ounce.

Crude oil for January delivery was up 0.22% or 0.15 to $69.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.14% or 0.10 to hit $73.41 a barrel, while the December Gold Futures contract rose 0.01% or 0.30 to trade at $2,631.30 a troy ounce.