Gold (XAU/USD) holds firm on Wednesday, with price action contained inside the recent consolidation zone as markets brace for the Federal Reserve's (Fed) interest rate decision. At the time of writing, XAU/USD is hovering near $4,204, down from the intraday high of $4,218. The Fed will announce its policy decision at 19:00 GMT, with markets leaning toward another 25 basis point cut that would lower the Federal Funds Rate to the 3.50%-3.75% range. Expectations for reduced borrowing costs keep Bullion broadly supported, as lower interest rates reduce the opportunity cost of holding...
European stock markets traded subdued on Friday, stalling near record highs ahead of the highly anticipated monthly U.S. payrolls report. At 3:05 a.m. ET (08:05 GMT), Germany's DAX index was trading largely unchanged, while France's CAC 40 was down 0.1% and the U.K.'s FTSE 100 was down 0.1%. The pan-European STOXX 600 index closed at a record high on Thursday, helped by mostly strong corporate earnings. European stocks have performed at their best pace in a decade against Wall Street in the first six weeks of 2025, but doubts remain over whether the gains can be sustained given the euro...
Japanese stocks fell after the close on Friday (2/7), as losses in the Communications, Automobiles & Parts and Machinery sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.60%. The best performers on the Nikkei 225 were Mercari Inc (TYO:4385), which rose 20.98% or 400.00 points to trade at 2,307.00 at the close. Meanwhile, Subaru Corp (TYO:7270) gained 9.21% or 245.50 points to close at 2,910.00 and Nissan Motor Co., Ltd. (TYO:7201) gained 7.42% or 30.80 points to 445.90 in late trade. The worst performers on the session were Nikon Corp. (TYO:7731), which fell...
Asia-Pacific markets opened lower Friday as investors awaited India's interest rate decision, and assessed Japan's household spending data. Australia's S&P/ASX 200 slipped 0.12%. Japan's Nikkei 225 fell 0.34% and the Topix traded 0.32% lower. The country's household spending in December rose 2.7% year on year in real terms, sharply beat Reuters' expectations of a 0.2% rise. South Korea's Kospi shed 0.26%, while the small-cap Kosdaq fell 0.3%. Hong Kong's Hang Seng index futures were at 20,907, slightly higher than the HSI's last close of 20,891.62. The Reserve Bank of India is...
Futures tied to the Dow Jones Industrial Average lost 22 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures slipped about 0.1% each. In extended trading, Amazon tumbled 4%. Guidance from the e-commerce giant disappointed investors, as Amazon called for revenue growth of 5% to 9% in the first quarter — its weakest growth on record. The outlook overshadowed top- and bottom-line beats in the fourth quarter. During Thursday's main trading session, the S&P 500 rose nearly 0.4%, and the Nasdaq Composite added 0.5%. The Dow dipped roughly 0.3%. All three major averages are on track...
The S&P 500 climbed for a third straight session on Thursday, as investors weighed the latest batch of corporate earnings. The broad market index added 0.36%, while the Nasdaq Compositetraded up around 0.5%. The Dow Jones Industrial Average however, lost 125 points, or 0.28%. Semiconductor names slid, with Qualcomm and Arm each declining 4%. Skyworks Solutions lost 24% after reporting its quarterly results. Ford Motor also fell 7% after the automaker forecast a difficult 2025. Honeywell shares were down 5%, dragging the Dow lower, after the company issued full-year earnings guidance...
US stocks edged up on Thursday, as investors weighed a flood of corporate earnings and more labor market data. At 9:45 a.m. ET (14:45 GMT), the Dow Jones Industrial Average was up 40 points, or 0.1%, the S&P 500 was up 11 points, or 0.2%, and the NASDAQ Composite was up 25 points, or 0.1%. The number of Americans filing for first-time unemployment benefits edged up more than expected last week, consistent with a slowing labor market. Initial jobless claims came in at 219,000 in the week ended Feb. 1. The previous week's figure was revised up slightly by 1,000 to 208,000, while...
Hong Kong's stock market ended higher on Thursday with the benchmark Hang Seng Index up 1.43 percent to close at 20,891.62 points. The Hang Seng China Enterprises Index jumped 1.64 percent to end at 7,690.35 points, and the Hang Seng Tech Index climbed 2.62 percent to close at 5,059.38 points. Sumber : CTX
The STOXX 50 gained 0.4% and the STOXX 600 added 0.5% on Thursday, marking a third consecutive session of gains, boosted by strong corporate results. Shares of AstraZeneca gained almost 4% after the company's earnings and revenue topped forecasts and the pharmaceutical giant said it expects further sales. Societe Generale jumped about 7% after reporting a rise in Q4 revenue and saying it is targeting revenue growth and higher profitability for the year. Maersk soared more than 6% after the company started a $2 billion share buyback program. On the other hand, Volvo sank more than 7% after...
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....