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 Hang Seng rose 215 points or 0.8% to finish at 26,911 on Wednesday, increasing for the third consecutive session and reaching a one-month peak amid widespread gains across sectors. Sentiment strengthened after China's central bank pledged to keep an "appropriately loose" monetary stance, ensure ample liquidity, and promote policy transmission. An uptick in U.S. futures also lifted risk appetite as the record-long U.S. government shutdown appeared close to ending. Property shares led the rise, jumping over 3%, following Beijing's plan to expand private sector participation in...
The Hang Seng rose 215 points or 0.8% to finish at 26,911 on Wednesday, increasing for the third consecutive session and reaching a one-month peak amid widespread gains across sectors. Sentiment strengthened after China's central bank pledged to keep an "appropriately loose" monetary stance, ensure ample liquidity, and promote policy transmission. An uptick in U.S. futures also lifted risk appetite as the record-long U.S. government shutdown appeared close to ending. Property shares led the rise, jumping over 3%, following Beijing's plan to expand private sector participation in...
European stocks were higher on Wednesday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4%, extending gains from the previous two sessions to reach fresh record highs. Investor sentiment remained supported by optimism over an imminent US government reopening and rising expectations of additional Fed rate cuts, as traders continued to monitor corporate updates. Shares of Infineon Technologies jumped 2.2% after the company forecasts its revenue will return to growth in the 2026 fiscal year. RWE added 3.5% after reporting higher-than-expected profits for the first nine months of the...
Tokyo stocks rebounded on Wednesday, with the Nikkei 225 closing higher as overseas investors scooped up shares of companies with solid earnings such as TDK and Fujikura, helping the market recover from recent weakness. The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, rose 220.38 points, or 0.43 percent, to finish at 51,063.31. After a period of adjustment earlier this month, investors turned optimistic toward companies reporting strong results late in the earnings season. A weaker yen also buoyed export-oriented issues. In foreign exchange trading, the yen briefly...
Asian stock markets, particularly in Hong Kong, surged on hopes that the United States would soon cut interest rates. This news came after data showed the US labor market weakened last month, increasing the chances of the Federal Reserve (the US central bank) lowering interest rates at its next meeting in December. Interest rate cuts are usually good news for the stock market as they can stimulate economic growth and investment. The Hang Seng Index in Hong Kong rose around 1 percent, reaching its highest level in a month. Major stocks such as Shenzhou International Group and China Hongqiao...
Asian markets moved mixed on Wednesday. Japan's shares edged lower, while Australia and several other indices gained. The Nikkei 225 fell 0.26%, but the Topix rose 0.35%. In South Korea, the Kospi was flat, and the Kosdaq rose 0.62%. Australia's S&P/ASX 200 Index rose 0.13%. Hang Seng futures pointed to a slightly higher opening at 26,865, compared to the previous close of 26,696.41.The main highlight came from SoftBank Group. The Japanese company revealed it sold its entire stake in Nvidia for US$5.83 billion in October, in line with its "all-in" strategy for OpenAI. SoftBank also...
The Nikkei index weakened 0.3% to 50,674.53 on Wednesday, dragged down by declines in technology and semiconductor stocks. SoftBank Group (-5.9%), Kioxia (-2.8%), and Advantest (-2.8%) led the decline, indicating that risk appetite for growth stocks remains fragile. Interestingly, the Topix index rose 0.5% to 3,338.87, signaling a rotation into more defensive or value sectors—such as financials, industrials, and raw materials—amid pressure on major tech names. This means the market is not entirely risk-off, but rather more selective. In the forex market, USD/JPY was at 154.07 (from 154.22...
The S&P 500 rose 0.3% and the Dow Jones Industrial Average jumped 630 points to a new record high, while the Nasdaq Composite Index fell 0.3% as investors shifted from technology stocks to blue-chip and cyclical stocks on expectations that a funding deal would pass the House of Representatives this week. Progress in the Senate toward reopening the government lifted sentiment in economy-sensitive sectors, while leading healthcare companies such as Merck (+4.8%), Amgen (+4.6%), and Johnson & Johnson (+2.9%) boosted the Dow. Hopes that the government's reopening would release delayed...
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....