The US dollar remains sluggish after experiencing intense pressure following the Fed's decision to cut interest rates by 25 bps. The US Dollar Index (DXY) remains in the lower zone and is trending lower weekly, as market participants assess the Fed's policy stance as being more dovish. Expectations of further interest rate cuts have diminished the dollar's appeal as a high-yielding asset, leading to more capital flows into other assets such as gold, silver, and some riskier currencies. Nevertheless, in the very short term, the dollar attempted a slight rebound in the US session as US bond...
The Hang Seng Index plunged 307 points, or 1.3%, to close at 23,034 on Tuesday (25/2), marking its second straight decline. The selloff came as the Trump administration pushed for tighter U.S. chip restrictions and urged key allies to tighten curbs on China's semiconductor industry. The decline also followed a sharp drop in U.S.-listed Chinese stocks overnight, with the Nasdaq Golden Dragon China Index plunging 5.2%, its worst one-day loss since October, amid profit-taking after strong earnings and AI-driven optimism. Investors are cautious ahead of China's official February PMI data due...
European stocks are expected to open in mixed territory Tuesday as a lukewarm mood pervades global markets. The U.K.'s FTSE 100 index is expected to open unchanged at 8,637, Germany's DAX down 29 points at 22,381, France's CAC 2 points lower at 8,084 and Italy's FTSE MIB 27 points higher at 38,542, according to data from IG. Earnings come from Fresenius Medical Care, Smith & Nephew, Heidelberg Materials and Alcon. On the data front, a more complete picture of Germany's fourth-quarter gross domestic product data will be released on Tuesday.European stocks traded in mixed territory at...
Asia-Pacific markets traded lower Tuesday after Wall Street fell overnight as Trump tariffs stoke a risk-off mood, while investors assesed Bank of Korea's rate decision. Australia's S&P/ASX 200 fell 0.87%.Japan's Nikkei 225 declined 1.34%, while the Topix slipped 0.72%. South Korea's Kospi traded 0.5% lower while the small-cap Kosdaq fell 0.44%. South Korea's central bank expectedly cut rates to 2.75% from 3%, as it strives to stimulate a slowing economy. The Korean won is currently trading atSouth Korea has been facing political uncertainty, stemming from the impeachment proceedings...
(Hong Kong) The Hang Seng Index opened down 625 points, or 2.67%, reaching 22,716 points. The Hang Seng China Enterprises Index fell 239 points, or 2.77%, to 8,379 points, while the Technology Index declined by 249 points, or 4.3%, to settle at 5,540 points. Technology stocks faced significant selling pressure, with Tencent down 3.9%, Alibaba plunging 7.8%, Meituan falling by 3.9%, Xiaomi Group down 3.4%, JD.com declining 5%, and Kuaishou dropping 5.2%. Following its earnings report, Trip.com saw a decrease of 3.2%. The financial sector also experienced a downward trend, though HSBC...
The Nikkei 225 Index fell 1.4% to below 38,300, while the broader Topix Index dropped 0.7% to 2,717 on Tuesday, marking a five-week low as Japanese stocks tracked losses on Wall Street overnight. The downturn was fueled by a pullback in technology and artificial intelligence stocks, sparking concerns that the AI-driven rally may be losing momentum. However, some analysts believe the AI sector could continue to thrive for years to come. Meanwhile, traders in Japan are awaiting a series of economic reports set for Friday, which may offer fresh insights into the Bank of Japan's future...
The S&P 500 was little changed on Monday as the market tried to recover from Friday's sharp selloff. The broad index fell 0.2%. The Dow Jones Industrial Average rose 120 points, or 0.3%. The Nasdaq, meanwhile, fell 0.8%. Big tech stocks came under pressure, sending the Nasdaq Composite down for the day and briefly entering negative territory for 2025. Palantir plunged 10%, dragging the Nasdaq lower. Microsoft fell about 1% after a TD Cowen analyst report said the company was cutting spending on data centers, raising concerns about a weakening artificial intelligence trade. Chipmaker...
European stocks closed mostly lower on Monday as markets digested the results of Germany's general election and continued to adjust to uncertain expectations about government spending in Europe and trade flows with the U.S. The STOXX 50 fell 0.4% to close at 5,452 and the STOXX 600 edged down 0.1% to 553. The CDU/CSU bloc won 28.6% of the vote, in line with expectations but needs to form a coalition to secure a parliamentary majority. Negotiations could be lengthened and the far-right AfD and the Left Party together secured a third of the seats, enough to block key legislation in the new...
U.S. stocks were choppy on Monday, as investors looked ahead to a high-profile quarterly earnings report from Nvidia and crucial economic data. By 10:02 ET (15:02 GMT), the benchmark S&P 500 had fallen by 19 points or 0.3%, the tech-heavy Nasdaq Composite had dipped by 159 points or 0.8%, and the 30-stock Dow Jones Industrial Average was mostly flat. The main averages on Wall Street fell on Friday and posted weekly losses, weighed down in part by figures showing a decline in U.S. business activity to a 17-month low -- signaling that businesses and consumers were becoming increasingly...
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....