Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy. Bullion traded below $3,340 an ounce in early Asian hours, heading for a 0.5% drop on the week. That came after data that showed applications for unemployment benefits fell for a fifth straight week to the lowest level since mid-April, and advancing retail sales in June. San Francisco Fed President Mary Daly said she still thinks it's reasonable for policymakers to plan on two interest-rate cuts this...
The Hang Seng rose 87 points, or 0.4%, to close at 19,664 on Tuesday (11/19), marking its second session of gains amid positive sentiment from Wall Street on Monday, with lower U.S. Treasury yields boosting the appeal of equities. Meanwhile, Chinese Vice President He Lifeng highlighted the increasing certainty in Hong Kong's economic growth, as Beijing commits to strengthening the city's competitiveness, especially in its financial industry to attract more foreign investment. The gains were broad-based, led by the technology and consumer sectors. However, the gains were capped by caution...
Japanese stocks rose after the close on Tuesday (11/19), as gains in the Paper & Pulp, Steel and Warehousing sectors boosted shares. At the close in Tokyo, the Nikkei 225 was up 0.45%. The best performers on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 11.55% or 673.00 points to trade at 6,499.00 at the close. Meanwhile, Fujikura Ltd. (TYO:5803) rose 7.17% or 378.00 points to close at 5,650.00 and Ebara Corp. (TYO:6361) gained 5.21% or 115.00 points to 2,323.00 in close. The worst performers on the session were Bandai Namco Holdings Inc (TYO:7832), which fell 3.83%...
European equity markets are set to open higher on Tuesday (11/19) as investors look ahead to key economic data and earnings reports. Final Eurozone inflation figures for October are due later in the session, while earnings are expected from Imperial Brands and Thyssenkrupp. Markets are also closely watching comments from European Central Bank officials for further insight into the region's monetary policy outlook. In pre-market trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.3%, signaling an upbeat start to the session. Source: Trading Economics
The Hang Seng Index opened 0.7% higher, climbing 135.21 to 19,711.82, as stocks gain for the second straight day in Hong Kong. HSBC Holdings Plc contributed the most to the index gain, increasing 1.4%. Trip.com Group Ltd. had the largest increase, rising 5.9%. In early trading, 67 of 82 shares rose, while 12 fell; all sectors were higher, led by commerce and industry stocks. Source: Bloomberg
The Nikkei 225 Index gained 0.2% to around 38,300, while the broader Topix Index advanced 0.3% to 2,700 on Tuesday, recovering some of the losses from the previous session, helped by gains in heavyweight bank stocks. Japanese shares also took cues from a positive lead on Wall Street, where both the S&P 500 and Nasdaq Composite halted their recent declines. In comments on Monday, Bank of Japan Governor Kazuo Ueda signaled that the central bank would raise interest rates gradually if the economy develops as expected, though he provided no specific timeline for future hikes. Investors are...
Asia-Pacific markets opened higher on Tuesday, tracking Wall Street gains buoyed by a Tesla rally, and as investors wait to watch key Chinese financial policymakers speak at an investment summit in Hong Kong. Australia's S&P/ASX 200 traded 0.53% higher in its first hour of trade. Japan's Nikkei 225 was up 0.68%, while the Topix rose 0.65%. South Korea's Kospi and Kosdaq traded around the flatline. Hong Kong's Hang Seng index futures were at 19,766, higher than the HSI's last close of 19,576.61. The Reserve Bank of Australia will publish the minutes from its monetary policy meeting...
European markets were lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due this week. The pan European Stoxx 600 was down 0.38% at 2:40 p.m. London time, with major regional bourses and sectors mostly pulling back. Retail stocks led losses, down 1.17%, while oil and gas stocks added 0.36%.Markets had closed lower on Friday, with the Stoxx 600 recording its fourth consecutive weekly decline. This week, investors will be looking to several key regional data points, including the latest inflation data out of the U.K. on Wednesday. The...
The Nasdaq Composite rallied Monday as Tesla shares surged and Wall Street braced for major market-moving earnings reports. The Nasdaq advanced 0.3%, while the Dow Jones Industrial Average fell 60 points, or 0.1%. The S&P 500 edged up 0.1%. Tesla spearheaded the tech-heavy index's rally, popping 8% amid a Bloomberg News report, citing sources, that President-elect Donald Trump's team is working on ways to ease regulation on self-driving vehicles. Elsewhere, Apple and Netflix rose about 2%, while Advanced Micro Devices surged nearly 4%. Wednesday's report from the AI chip darling...
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....