Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy. Bullion traded below $3,340 an ounce, heading for a 0.5% drop on the week. That came after data that showed applications for unemployment benefits fell for a fifth straight week to the lowest level since mid-April, and advancing retail sales in June. San Francisco Fed President Mary Daly said it's reasonable for policymakers to plan on two interest-rate cuts this year, emphasizing that the central bank...
U.S. stocks edged higher on Tuesday, with the S&P 500 and Nasdaq up 0.1% to fresh two-week highs, and the Dow adding 70 points, fueled by hopes that the Trump administration might soften some of its proposed tariff plans. President Trump announced that not all threatened tariffs would take effect on April 2nd, with some countries possibly receiving exemptions, though new levies on autos, pharmaceuticals, and a 25% tariff on crude from Venezuela were signaled. Meanwhile, Fed Governor Kugler acknowledged that monetary policy remains restrictive but noted that progress toward the 2%...
The STOXX 50 rose 0.5%, while the STOXX 600 gained 0.4% on Tuesday, rebounding from a subdued session the day before, as traders closely monitored US trade policy developments. President Donald Trump stated that not all of the proposed tariffs set for April 2 would be implemented and that some countries might receive exemptions. However, he also signaled plans to impose new tariffs on autos and pharmaceuticals soon. Meanwhile, investors await the release of Germany's Ifo Business Climate indicator later today for further insights into economic sentiment. On the corporate front, banks and...
The Hang Seng slumped 561 points or 2.4% to end at an almost 2-week low of 23,344 on Tuesday, reversing gains from a day earlier amid broad-based losses. Traders booked profits ahead of quarter-end, as earnings reports and Beijing's latest stimulus had largely been priced in. The tech index tumbled 3.8%, with Xiaomi sinking 6.1% after planning to raise up to $5.27 billion through a share sale. Alibaba fell almost 4% after warning of rising data center costs, while Sunny Optical plunged 9.9% on concerns over a capacity glut. Consumer and financial stocks also declined, bucking a broader...
Japanese stocks rose after the close on Tuesday (3/25), as gains in the Electric Power, Rubber and Chemicals, Oil & Plastics sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 0.52%. The best performers on the Nikkei 225 were Nexon Co Ltd (TYO:3659), which rose 9.02% or 185.00 points to trade at 2,236.00 at the close. Meanwhile, Mitsubishi Estate Co Ltd (TYO:8802) rose 4.81% or 119.00 points to close at 2,593.00 and DeNA Co Ltd (TYO:2432) gained 3.71% or 130.00 points to 3,635.00 at the close. The worst performers on the session were Advantest Corp....
Hong Kong stocks plunged 487 points, or 2.0%, to 23,417 on Tuesday morning, reversing gains from the previous session amid concerns over the risk of a U.S. recession and the threat of Chinese deflation. Meanwhile, S&P Global warned that Beijing's stimulus efforts may not fully offset the impact of new U.S. tariffs amid slowing growth. Separately, U.S. stock futures slumped after Fed's Bostic projected just one interest rate cut this year, citing rising inflation on tariff concerns. To limit further losses, China's government has promised more proactive macro policies this year....
Asia-Pasifik Naik Setelah Wall Street Menguat karena Ekspektasi Tarif Trump yang Lebih Rendah Asia-Pacific markets rose Tuesday as Wall Street gained overnight on hopes that U.S. President Donald Trump's tariffs could be be softer than expected. Australia's S&P/ASX 200 climbed 0.52%. The country's budget will be tabled by Treasurer Jim Chalmers later in the day. Japan's benchmark Nikkei 225 gained 0.80%, while the broader Topix index increased 0.26%. Over in South Korea, the Kospi index advanced 0.17% while the small-cap Kosdaq added 0.13%. Mainland China's CSI 300 traded flat while...
The Nikkei 225 surged 1.3% above 38,000, while the broader Topix Index climbed 0.7% to 2,810 on Tuesday, with the latter approaching an eight-month high. The rally followed Wall Street's overnight gains, fueled by optimism that US President Donald Trump may take a more selective approach to tariffs. Japanese stocks also benefited from a weakening yen, which boosts the outlook for export-driven industries and makes local assets more attractive to foreign investors. Meanwhile, minutes from the Bank of Japan's January meeting indicated that policymakers remain open to further interest rate...
Asia-Pacific markets rose on Tuesday as Wall Street rallied overnight on hopes that U.S. President Donald Trump's tariffs could be softer than expected. Australia's S&P/ASX 200 rose 0.69% in early trade. The country's budget will be tabled by Treasurer Jim Chalmers later in the day. Japan's benchmark Nikkei 225 started the day up 1.15%, while the broader Topix index gained 0.91%. In South Korea, the Kospi index opened 0.61% higher and the small-cap Kosdaq gained 0.64%. Futures for Hong Kong's Hang Seng index last traded at 23,609, indicating a weaker open compared with the HSI's...
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....