Silver climbed above $48.3 per ounce on Monday, its highest level since April 2011, as the ongoing US government shutdown and expectations of further Federal Reserve rate cuts boosted demand for safe-haven assets. Lawmakers once again failed to secure a funding deal, halting key federal programs and delaying major data releases, including September's jobs report originally scheduled for Friday. Markets are now nearly fully pricing in a quarter-point Fed rate cut this month and another in December. Investors also await remarks from Fed Governor Stephen Miran on Wednesday and Chair Jerome...
European stocks started the new trading week in positive territory, although investors will be looking to see if global market volatility continues. The pan-European Stoxx 600 index was 0.1% higher shortly after the opening bell, with most sectors moving higher. European markets ended the week higher Friday after German lawmakers reportedly came closer to agreeing on reforming the country's so-called debt brake rule. Media reports said Germany's likely next chancellor Friedrich Merz had won support from the Greens party to hike public borrowing to allow an increase in defense...
Japan stocks were higher after the close on Monday, as gains in the Power, Rubber and Chemical, Petroleum & Plastic sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.95%. The best performers of the session on the Nikkei 225 were Mitsubishi Heavy Industries, Ltd. (TYO:7011), which rose 12.17% or 311.00 points to trade at 2,867.00 at the close. Meanwhile, IHI Corp. (TYO:7013) added 9.70% or 1,045.00 points to end at 11,820.00 and Hitachi Construction Machinery Co (TYO:6305) was up 6.33% or 253.00 points to 4,250.00 in late trade. The worst performers of the...
Hong Kong equities jumped 375 points or 1.6% to 24,338 in Monday morning trading, extending gains for the second session. Optimism over China's newly announced "Special Action Plan to Boost Consumption," aimed at stimulating domestic demand, supported the rally. In addition, state media Xinhua said that Beijing also plans to stabilize the stock and real estate markets, boost the birth rate, and support inbound and domestic tourism. These comprehensive measures were unveiled on Sunday. On the economic data front, China's industrial output rose 5.9% yoy in the first two months of 2025,...
The Nikkei 225 Index surged 1.2% to above 37,400, while the broader Topix Index also gained 1.2% to 2,748 on Monday, with both benchmarks reaching their highest levels in over a week amid a broad market advance. Japanese shares mirrored a relief rally on Wall Street from Friday, as investors continued to assess evolving trade policies and broader economic uncertainties in the US. Market sentiment also received a boost after China unveiled a special action plan over the weekend, introducing measures to increase wages and stabilize stock and real estate markets. Leading the gains were index...
tocks rallied Friday, clawing back some of the steep losses seen over the week, as investors got a reprieve from tariff-related headlines. The Dow Jones Industrial Average rose 674.62 points, or 1.65%, to close at 41,488.19. The S&P 500 climbed 2.13% to end at 5,638.94, and the Nasdaq Composite advanced 2.61% to settle at 17,754.09. It was the best day in 2025 for both the S&P 500 and the Nasdaq. Big tech shares that were rattled earlier this week saw a sharp recovery on Friday. Nvidia shares popped more than 5%. Tesla jumped nearly 4%, and Meta Platforms gained close to 3%. Amazon...
Stocks rallied Friday but remained on track for a sharp weekly decline as volatility continued to spread through Wall Street. The Dow Jones Industrial Average was trading 501 points higher, or 1.2%. The S&P 500 was up 1.6%, and the Nasdaq Composite was up 2.1%. Nvidia shares jumped more than 4%. Tesla and Meta Platforms rose more than 1% along with Netflix, Amazon and Apple. Sentiment on Wall Street got a boost Friday as it appeared a government shutdown was averted. Senate Minority Leader Chuck Schumer, D-N.Y., said he would not block a Republican government funding bill. However,...
The Hang Seng Index rose 2.1% to 23,959.98 in Hong Kong, the biggest gain since a 3.3% gain on March 6 and following a 0.6% decline in the previous session. Meituan contributed the most to the index's gain, rising 5.4%. Wuxi Biologics Cayman Inc. was the biggest gainer, rising 14.4%. On the day, 65 of 83 stocks rose, while 18 fell; three of four sectors rose, led by trade and industrial stocks. Source: Bloomberg
The Hang Seng jumped 497 points, or 2.1%, to close at 23,960 on Friday, ending a five-session losing streak as U.S. index futures rose on signs of potential U.S. government shutdown resistance. Hopes for fresh stimulus to boost China's domestic consumption also supported sentiment, with investors eyeing a key briefing next week by Beijing's top planning agency. Adding to optimism, the northern Chinese city of Hohhot announced large cash incentives to boost births. However, the index fell 1.1% for the week, reversing earlier gains as caution prevailed ahead of key Chinese economic data due...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....