Silver climbed above $61 per ounce, extending a record rally as markets digested the Fed's 25 basis point cut and parsed Chair Powell's remarks which markets read as relatively dovish even as committee guidance remained cautious. The cut itself was largely priced in, but Powell's comments and a softer dollar lowered the opportunity cost of holding metal. At the same time the physical market has tightened materially which amplifies the policy impulse. ETF inflows and spot buying have surged this year and funds added large tonnes last week, while official and retail demand in Asia and India...
The Nikkei 225 Index fell 1.24% to close at 38,677, while the broader Topix Index dropped 1.18% to 2,735 on Thursday, extending losses from the previous session as concerns over US President Donald Trump's escalating tariff threats weighed on market sentiment. Trump recently announced plans to impose 25% tariffs on imports of autos, semiconductors, and pharmaceuticals—sectors that are crucial to Japan's economy. In addition, minutes from the latest US Federal Reserve meeting revealed that policymakers would prefer to see further progress on inflation before making additional interest rate...
Hong Kong stocks fell on Thursday, as indications that the US Federal Reserve was in no rush to slash interest rates weighed on investor sentiment. The Hang Seng Index slid 1.6%, or 367.26 points, to end at 22,576.98. The Hang Seng China Enterprises Index retreated 1.7%, or 140.54 points, to 8,322.56. US Fed officials are inclined toward keeping interest rates steady as they wait for further progress on inflation and clarity surrounding the new administration's economic policies. The interest rate is likely to be kept between 4.25%-4.5%, according to the minutes of the Fed's January...
European shares were steady on Thursday as gains in industrials and materials were offset by declines in heavyweight sectors such as energy and healthcare. The pan-European STOXX 600 index opens held its ground at 552.47 points. The benchmark index logged its worst day so far in 2025 in the previous session. The industrial goods and services sector opens rose 0.6%, led by a 5.4% jump in Schneider Electric opens after the electrical equipment maker forecast a bigger-than-expected rise in its 2025 profit margin. Source: Reuters
(Hong Kong) Morgan Stanley strategists have shifted their stance on Chinese equities, moving from long-standing scepticism to cautious optimism. This notable pivot aligns with Wall Street peers, as expectations grow for a sustainable rally driven by advancements in artificial intelligence and regulatory reforms. The firm's strategists, led by Laura Wang, now recommend an equal-weight position on Chinese stocks, forecasting the MSCI China Index to reach 77 by the end of 2025—a 22% increase from their earlier target and 4% higher than Wednesday's close. The index, which entered a bull market...
European markets are expected to open higher Thursday as investors monitor earnings reports from a raft of major European companies. The U.K.'s FTSE 100 index is expected to open 10 points higher at 8,696, Germany's DAX up 49 points at 22,475, France's CAC up 16 points at 8,118 and Italy's FTSE MIB 32 points higher at 38,437, according to data from IG. Earnings are due from Accor, Schneider Electric, Mercedes, Zurich Insurance, Lloyds Banking Group, Centrica, Airbus, Hays, Anglo American, Renault, Repsol, Leonardo and Aegon. There are no major data releases Thursday.U.S. President Donald...
Shares in Hong Kong tumbled 486 points or 2.1% to 22,460 on Thursday morning session, marking the second session of decline amid a pullback in US futures as investors analyzed US President Trump's proposed levies of about 25% on autos, chip, and drug imports. Markets moved further away from their highest in over four months, hit earlier in the week, after the latest FOMC meeting minutes showed Fed officials were ready to hold interest rates steady due to stubborn US inflation and economic policy uncertainty. Mitigating further weakness, the PBoC's monthly fixing on its key lending rates...
The Nikkei 225 Index fell 0.9% to below 38,800, while the broader Topix Index dropped 0.8% to 2,745 on Thursday, extending losses from the previous session as concerns over US President Donald Trump's escalating tariff threats weighed on market sentiment. Trump recently announced plans to impose 25% tariffs on imports of autos, semiconductors, and pharmaceuticals—sectors that are crucial to Japan's economy. In addition, minutes from the latest US Federal Reserve meeting revealed that policymakers would prefer to see further progress on inflation before making additional interest rate cuts....
The S&P 500 rose to a record on Wednesday, as stocks held firm despite President Donald Trump's threats of more tariffs and the Federal Reserve's continued cautious stance. The S&P 500 rose 0.1%, notching its second straight record. The Nasdaq Composite fell 0.02%, while the Dow Jones Industrial Average was flat. Microsoft rose 1% and led the broader technology sector higher after the company unveiled its first quantum computing chip. Nvidia rose 1% while Tesla rose more than 2%. Analog Devices jumped nearly 10% after posting better-than-expected quarterly results on both top and...
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....