Gold did rise on Monday, driven by a weaker US dollar and falling US bond yields, plus demand for safe haven assets ahead of a key data week. But entering the US session, gold began to lose momentum and retreat from its intraday peak, as evidenced by XAU/USD falling back below $4,350 after briefly testing that level (although still holding above $4,300). The main reasons are usually simple: profit-taking (the price has risen sharply, near resistance), plus the market starting to "tidy up" as all eyes await US jobs (NFP) and inflation data, which will signal the direction of interest...
The Nikkei 225 Index dropped 2.2% to below 36,900 on Friday, sliding toward its lowest levels since September and tracking losses on Wall Street overnight, where technology stocks came under heavy selling pressure. Trump's shifting tariff policies and escalating global trade tensions also fueled concerns about economic growth, adding to the bearish sentiment. Additionally, local equities faced pressure from a stronger yen and rising JGB yields. These moves come as the Bank of Japan is widely expected to continue raising interest rates this year. BOJ Deputy Governor Shinichi Uchida...
Asia-Pacific markets are set to mostly fall on Friday, mirroring losses on Wall Street after U.S. President Donald Trump's tariff concessions failed to calm investors. Traders were also worried by economic data from the U.S., which raised alarm that Trump's policies could hinder the U.S. economy. The Federal Reserve's Beige Book and the Institute for Supply Management's manufacturing reading both indicated fear of rising input costs because of the tariffs. Data from Challenger, Gray & Christmas released Thursday showed layoff announcements soared to 2020 highs, which the outplacement...
Stocks resumed their steep pullback on Thursday as the latest concessions from the White House on President Donald Trump's controversial tariff policies failed to calm rattled investors. The Dow Jones Industrial Average slid 427.51 points lower, or 0.99%, to 42,579.08, after falling more than 600 points at session lows. The S&P 500 tumbled 1.78% to 5,738.52. The Nasdaq Composite dropped 2.61% to 18,069.26, officially closing in correction territory, which is when an index falls 10% from a recent high. Thursday's declines come as U.S. tariffs on Canadian, Mexican and Chinese imports...
Stocks resumed their pullback on Thursday as the latest concessions from the White House on President Donald Trump's controversial tariff policies failed to calm rattled investors. The Dow Jones Industrial Average traded 523 points lower, or 1.2%. The S&P 500 shed 1.8%, while the Nasdaq Composite lost 2.3%. The major averages have each lost more than 3% this week as U.S. tariffs on Canadian, Mexican and Chinese imports took effect, rocking financial markets. Canada and China responded with retaliatory levies of its own, while Mexico said it would unveil measures over the...
Stocks fell again on Thursday as investors sought more clarity on the latest U.S. tariff measures and their impact on the economy. The Dow Jones Industrial Average was trading 530 points lower, or 1%. The S&P 500 was down 1.5%, and the Nasdaq Composite was down 1.8%. U.S. tariffs on Canadian, Mexican and Chinese imports took effect this week, rattling financial markets. Canada and China responded with their own retaliatory tariffs, while Mexico said it would announce its own measures over the weekend. The major averages have each lost at least 3% this week as trade tensions escalate....
The Hang Seng surged 776 points, or 3.3%, to close at 24,370, marking its third straight gain and its highest level in more than three years, with all sectors gaining. Investors viewed policy signals from China's annual parliamentary meeting positively, prompting increased buying. The technology sector rose 5.4%, led by an 8.5% surge in Alibaba Group, which has surged 46% since hitting a 2025 low on Jan. 13, on optimism over its AI development efforts. Consumer, property and financial stocks also rose strongly, as traders bet that the latest U.S. tariff hike under President Trump would not...
European markets opened higher on Thursday as investors eyed further earnings releases and awaited the latest monetary policy decision from the European Central Bank. The regional Stoxx 600 index rose 0.26% shortly after the market opened. Air France-KLM shares rose more than 16% after the airline group beat market expectations for full-year and fourth-quarter operating profits. Germany's Lufthansa rose 7% on its own annual results, which showed a decline in annual profit but also slightly above consensus. DHL Group, listed as Deutsche Post, jumped 9% after announcing a 1 billion euro...
Japan stocks were higher after the close on Thursday, as gains in the Shipbuilding, Textile and Marine Transport sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.91%. The best performers of the session on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 15.86% or 843.00 points to trade at 6,159.00 at the close. Meanwhile, Mitsubishi Heavy Industries, Ltd. (TYO:7011) added 10.79% or 245.50 points to end at 2,520.50 and Okuma Corp. (TYO:6103) was up 8.04% or 265.00 points to 3,560.00 in late trade. The worst performers of the session were Mitsubishi...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
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....