Gold prices briefly strengthened after the release of US economic data, which sparked an initial market reaction. The data fueled speculation that economic pressures persisted, prompting investors to temporarily turn to gold as a safe haven. This increase was short-lived, especially in early trading after the data was released. However, entering the US session, gold prices came under pressure again. The strengthening US dollar and rising bond yields diminished gold's appeal. Furthermore, profit-taking following the initial surge also weighed on prices, causing gold to reverse its decline...
Japanese stocks surged strongly. The Nikkei 225 index rose around 1.3% to near 50,900 on Wednesday, briefly setting a new record. Japanese market sentiment was also influenced by the tech rally on Wall Street, where artificial intelligence (AI) euphoria remains a key driver. Nvidia soared again after CEO Jensen Huang announced a series of new partnerships and dismissed the "AI bubble" issue. Japanese stocks close to the AI and chip supply chain also surged, including big names like Advantest, SoftBank Group, Lasertec, Fujikura, and Disco Corp. Japanese investors are also positioning...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the artificial intelligence (AI) trend can continue to drive profits for major tech companies, while bets are growing that the Fed will cut interest rates. Japanese and South Korean stocks rose, while Hong Kong was closed. In the US, the S&P 500 edged higher, but shares of tech giants—the "Magnificent Seven"—continued to rally, rising around 1.3%. The US dollar weakened for a third straight day, oil remained weak due to signs of oversupply, and gold...
European stocks closed slightly lower on Tuesday after reaching record peaks on the previous session on mixed earnings results, while markets continued to assess the outlook on global trade and European rates. The STOXX 50 inched down by 5,701 and the STOXX 600 lost 03% to 576. Pharmaceutical companies led the losses in the session with a 4.3% slump for Novartis after the Swiss giant posted softer earnings than expected. Roche and Novo Nordisk both fell 2.5% In the meantime, BNP Paribas fell 3.5%, also on an earnings miss. On the other hand, HSBC jumped 4.4% after raising its 2025...
Wall Street's main indexes opened at record highs on Tuesday after upbeat forecasts from companies such as UnitedHealth and UPS, while Apple (AAPL.O), opens new tab topped $4 trillion in market value for the first time, boosted by strong demand for its latest iPhone models. The Dow Jones Industrial Average (.DJI), opens new tab rose 207.8 points, or 0.44%, at the open to 47,752.35. The S&P 500 (.SPX), opens new tab rose 22.6 points, or 0.33%, at the open to 6,897.74, while the Nasdaq Composite (.IXIC), opens new tab rose 129.0 points, or 0.55%, to 23,766.463 at the opening...
The Hang Seng fell 87 points, or 0.3%, to finish at 26,346 on Tuesday, reversing three consecutive sessions of gains as U.S. futures pointed to a lower open on Wall Street following Monday's rally. Mainland stocks also eased after six straight sessions of strength, retreating from a decade high ahead of official October PMI data and amid growing doubts over the durability of the recent easing in U.S.-China trade tensions. Hong Kong's consumer and tech sectors weighed on the index, with steep losses from Zijin Gold Intl. (-4.5%), Anta Sports (-4.2%), China Hongqiao Group (-3.7%), and Xiaomi...
The European session on Tuesday, October 28, 2025, opened on a more cautious note. After consecutive rallies and a new record on the STOXX 600 earlier this week, markets are expected to move slightly lower/flat at the opening as investors begin to exercise restraint. The focus now is no longer simply the euphoria of the US-China trade truce, but also its impact on central bank policy and corporate earnings. Market participants await clarity from the Fed (which is expected to cut interest rates again this week), as well as the ECB's decision and the Bank of Japan's direction, while assessing...
The Nikkei 225 closed down around 0.2% on Tuesday, October 28, 2025, after breaking a historic record the previous day, closing above 50,000 for the first time at 50,512.32. Investors appeared to be taking profits after a sharp rally fueled by the euphoria surrounding fiscal stimulus under new Prime Minister Sanae Takaichi, who arrived with promises of large spending, defense support, and signals of close ties with Washington. Selling pressure also emerged as the market awaited Takaichi's face-to-face meeting with US President Donald Trump in Tokyo before Trump meets with Xi Jinping, which...
Hong Kong's Hang Seng Index opened up 75 points, or 0.28 percent, to 26,508 on Tuesday, marking its fourth consecutive day of gains. This increase was driven by the relatively stable financial sector ahead of the major issuers' earnings season. Investors appeared to be entering selectively, not euphorically, but enough to maintain upward momentum. Financial stocks were the main drivers early in the session. HSBC rose 1.1 percent ahead of its earnings release, AIA Group gained 0.9 percent, Hong Kong Exchanges and Clearing rose 0.4 percent, and China Ping An edged up 0.1 percent. The Hang...
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....