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...
Global stock markets began to catch their breath at the start of Tuesday's Asian session. Japanese and South Korean stock indexes fell from record highs, and Australian stocks also weakened at the open. This came after Wall Street itself closed at an all-time high, with the S&P 500 breaking through the 6,875 area after its best three-day rally since May. Shares of major technology companies also drove the rally, while shares of Chinese companies listed in the US rose around 1.6% on market optimism about US-China relations.Other assets also moved in a mixed manner. The Japanese yen...
Japanese stocks fell slightly after setting a new record the previous day, as investors began to take profits. The Nikkei 225 weakened around 0.3% to 50,383, while the Topix fell 0.5% to 3,308, dragged down by electronics and service sector stocks. After the euphoria surrounding the Nikkei breaking through 50,000 for the first time, market focus now shifts to the meeting between Prime Minister Sanae Takaichi and US President Donald Trump in Tokyo. The meeting is expected to discuss defense cooperation and possible Japanese investment in the US—two issues that could be new catalysts for the...
European stocks were slightly higher on Monday as traders look ahead to the U.S. Federal Reserve's meeting, more earnings and signs of a rapprochement between Washington and Beijing. The pan-European Stoxx 600 was up 0.1% at 3:15 p.m. in London The U.K.'s FTSE 100 index was little changed for the session, while France's CAC 40 was over 0.1% higher, as Germany's DAX gained 0.1% and Italy's FTSE MIB added 1%. Regional markets had ended last week higher as investors reacted to the latest U.S. inflation print, the only federal data to be released during the ongoing government shutdown, and a...
Wall Street's main indexes opened at record highs on Monday, as expectations of a U.S.-China trade truce fueled risk-taking in a week packed with Big Tech earnings and a likely Federal Reserve rate cut. At 09:30 a.m. ET, the Dow Jones Industrial Average (.DJI), opens new tab rose 315.67 points, or 0.67%, to 47,530.09, the S&P 500 (.SPX), opens new tab gained 63.83 points, or 0.92%, to 6,856.09 and the Nasdaq Composite (.IXIC), opens new tab gained 335.24 points, or 1.45%, to 23,544.00. Source: Reuters.com
The Hang Seng jumped 274 points, or 1%, to end at 26,434 on Monday, rising for the third session. A surge in U.S. futures boosted sentiment, amid renewed optimism over a potential U.S.-China trade deal after top officials outlined a framework to ease tensions ahead of a meeting between President Trump and Xi Jinping later this week. Meantime, the U.S. Fed is widely expected to cut interest rates by 25bps after consumer prices rose slightly less than expected in September. In fresh data, China's industrial profits grew 3.2% yoy in the first nine months of 2025, much faster than 0.9%, with...
European stocks continued to strengthen on Monday, October 27, 2025, as markets grew more confident after the US and China announced they had a preliminary framework for a trade agreement. The pan-European STOXX 600 index rose around 0.2%, Germany's DAX index moved up around 0.1%, and the UK's FTSE 100 gained around 0.7%. Investors saw signs that trade tensions between the world's two largest economies were beginning to ease, making the risk of a global recession feel slightly less looming. This gain comes after an already very strong week. The FTSE 100 just hit a record close above 9,600...
Japanese stocks closed at a new record high after market sentiment grew more optimistic. Investors now believe the US Fed will continue to cut interest rates after US inflation (CPI) data appeared more benign. This has led global markets to believe that high interest rate pressures will soon ease. Domestically, strong public support for the new Prime Minister, Sanae Takaichi, also helped boost risk appetite. The result: the Topix rose 1.7% to 3,325.05, and the Nikkei jumped 2.5% to 50,512.32—breaking through the psychological 50,000 level for the first time. These gains were nearly uniform....
The Hang Seng Index rose as Hong Kong markets expressed relief following the initial agreement between China and the United States in Kuala Lumpur. Investors began to believe that trade relations between the world's two largest economies would be more stable, leading to a return to risk appetite. On Monday morning, the Hang Seng rose around 0.7% to 26,342, while the Hang Seng Tech Index also rallied. Major technology and industrial stocks led the gains: WuXi AppTec surged more than 7%, Chinese chipmaker SMIC rose almost 4%, Baidu rose almost 3%, and Alibaba also rose above 3%. This means...
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....