Gold traded higher early on Friday as the dollar and treasury yields weakened. Gold for August delivery was last seen up US$17.80 to US$3,363.10 per ounce. The price of the precious metal has traded in a tight range for most of July after touching a record high on June 13 as the outlook for further interest-rate cuts from U.S. Federal Reserve weakens as it waits to assess the impact of tariffs on inflation and employment. "With our rates strategists pushing their call for the first cut from the Fed till December, and amidst outside pressure on Powell, we see both the macro drivers and...
The three major averages in the US were up nearly 0.3% on Tuesday, as investors weighed trade war developments against rising hopes for a temporary pause in auto tariffs. President Trump said on Monday he is considering temporary exemptions on tariffs for imported vehicles and auto parts, aiming to give manufacturers more time to ramp up US-based production. At the same time, the Commerce Department announced a new investigation into the national security implications of semiconductor and pharmaceutical imports, a move seen as laying the groundwork for fresh tariffs in those sectors. In...
The Hang Seng rose 49 points or 0.23% to finish at 21,466 on Tuesday, extending its winning streak to a sixth session and holding at a two-month peak. U.S. tariff exclusions on specific electronics continued to support sentiment, which helped ease concerns about President Trump's reciprocal tariffs on China. At the same time, U.S. futures were slightly higher after back-to-back gains on Wall Street S&P 500 Monday, with attention shifting to upcoming Q1 earnings results. However, advances were capped as investors awaited more clarity on trade developments, particularly after the U.S....
Stocks in Europe were higher on Tuesday, with both the STOXX 50 adding 0.3% and the STOXX 600 rising about 0.7%, as optimism grew over a potential pause in auto tariffs and the earnings season gained momentum. Investor sentiment was buoyed by President Trump's remarks on Monday, indicating he is considering temporary exemptions on tariffs for imported vehicles and parts to give automakers more time to expand US-based production. The auto sector led the gains, with Mercedes-Benz climbing 2.9%, BMW 2.5%, Volkswagen 2.8%, Stellantis 4.3%, and Renault 1.9%. Other sectors also traded in...
Japanese stocks rose after the close on Tuesday (4/15), as gains in the Real Estate, Banking and Textile sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 gained 0.89%. The best performers on the Nikkei 225 were Yokogawa Electric Corp. (TYO:6841), which rose 7.41% or 208.00 points to trade at 3,014.00 at the close. Meanwhile, Denso Corp. (TYO:6902) rose 5.64% or 94.00 points to close at 1,761.00 and Sumitomo Electric Industries Ltd. (TYO:5802) gained 5.27% or 107.50 points to 2,148.00 at the close. The worst performers on the session were Shiseido Co., Ltd. (TYO:4911),...
Hong Kong stocks were little changed in early trade on Tuesday (4/15), hovering near 21,420, as gains in property and consumer discretionary stocks were offset by losses in technology and financials. Traders weighed the impact of a temporary US tariff exemption on popular electronics, announced by President Trump last Friday, while weighing the possibility of fresh levies, including on semiconductors, in the coming weeks. Investors also awaited key Chinese economic data due later in the week, including Q1 GDP, industrial production, retail sales and the unemployment rate. Meanwhile, the...
The Nikkei 225 Index rose 1% to above 34,300 while the broader Topix Index added 1.2% to 2,518 on Tuesday, extending gains from the previous session and taking cues from a strong lead on Wall Street overnight. Major US stock indexes advanced on Monday as President Donald Trump exempted key electronic products from his reciprocal tariffs, while also reportedly considering pausing his 25% levies on auto imports. However, caution lingered as the US Commerce Department launched a national security investigation into semiconductor and pharmaceutical imports, keeping global markets on alert....
Asia-Pacific markets opened higher on Tuesday after all three major benchmarks on Wall Street rose on a tech rally. Japan's benchmark Nikkei 225 index opened the day up 1.04%, while the broader Topix index gained 1.14%. In South Korea, the Kospi index rose 0.39% at the open, while the small-cap Kosdaq index fell 0.32%. Meanwhile, Australia's S&P/ASX 200 gained 0.15% in early trade. Futures on Hong Kong's Hang Seng index were at 21,585, indicating a stronger open compared with the HSI's last close of 21,417.40. India is expected to release March inflation figures later in the day....
Stocks rose in a choppy session on Monday, helped by a rally in tech names following a surprise U.S. tariff exemption from President Donald Trump. The Dow Jones Industrial Average added 312.08 points, or 0.78%, to close at 40,524.79. The Nasdaq Composite rose 0.64% to end at 16,831.48, while the S&P 500 added 0.79% and settled at 5,405.97. All three indexes at times traded in negative territory during the turbulent session. Investors cheered Trump's exemption of smartphones and computers, as well as other devices and components such as semiconductors, from his new "reciprocal" tariffs,...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
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....