Silver climbed above $61 per ounce, extending a record rally as markets digested the Fed's 25 basis point cut and parsed Chair Powell's remarks which markets read as relatively dovish even as committee guidance remained cautious. The cut itself was largely priced in, but Powell's comments and a softer dollar lowered the opportunity cost of holding metal. At the same time the physical market has tightened materially which amplifies the policy impulse. ETF inflows and spot buying have surged this year and funds added large tonnes last week, while official and retail demand in Asia and India...
The Hang Seng rose 178 points or 0.7% to finish at 25,894 on Tuesday, extending strength for a second session amid broad-based sector advance. Sentiment improved after U.S. President Trump described relations with China as "extremely strong" following a call with Xi Jinping on Monday. Risk appetite was also lifted by a rebound in mainland stocks from a two-month low, following the PBoC's CNY 1 trillion MLF operation today, which resulted in a net liquidity injection of about CNY 100 billion. The tech index gained 1.2%, tracking an overnight rally in U.S.-listed peers as traders downplayed...
The Nikkei 225 Index rose 0.07% to close at 48,659 while the Topix Index lost 0.21% to 3,291 on Tuesday, struggling for clear direction as markets reopened after a holiday-extended weekend. Japanese shares initially followed tech-led gains on Wall Street overnight amid renewed optimism around artificial intelligence and rising hopes for a Federal Reserve interest rate cut in December. Technology stocks showed mixed performances locally, with gains from Advantest (4.2%) and Tokyo Electron (3.1%), while sharp losses were record in SoftBank Group (-10%)a nd Disco Corp (-2.7%). Meanwhile,...
Stocks in Europe edged higher on Tuesday, with both the STOXX 50 and the STOXX 600 gaining nearly 0.2%, extending the modest advance from the previous session. Rising expectations of a Fed rate cut next month continued to support investor sentiment. Banks were among the strongest performers, with Barclays up 3.1%, Societe Generale rising 1.8%, and Commerzbank gaining 0.8%. ABN AMRO jumped more than 4% after announcing plans to cut 5,200 jobs by 2028 as part of an effort to streamline operations and reduce costs. The tech sector also advanced, supported by gains in ASML Holding (1.3%) and...
The Hong Kong stock market opened higher on Tuesday morning, November 25, 2025. The Hang Seng Index rose around 0.9%, or 232 points, to 25,948.9 at the open, continuing its rally after previously gaining nearly 2% to 25,717 on Monday. Positive sentiment was supported by a rebound in global markets and growing confidence that the Federal Reserve will cut interest rates at its December meeting, boosting risk appetite in Asian stock markets, including Hong Kong. Riskier stocks, particularly technology and cyclical sectors, regained interest after sharp selling pressure in recent weeks. In...
The Nikkei index opened up around 0.7% to 48,976.51 in early trading on Tuesday, following the rebound in technology stocks on Wall Street overnight. The index's gains were led by chip stocks, which are sought after by investors. Kioxia Holdings surged around 11%, while Advantest rose around 5.3%, reflecting strong market interest in the semiconductor sector. In the currency market, USD/JPY traded steady at around 156.85, virtually unchanged from its closing position on Monday. Investors are also monitoring developments in Prime Minister Sanae Takaichi's economic policies, which the market...
Asian stocks rallied, following Wall Street's gains, buoyed by confidence that the Federal Reserve could cut interest rates in December and a rebound in technology stocks. Japanese and South Korean stocks rose, while the index of Chinese companies listed in the US also rallied after President Donald Trump and President Xi Jinping resumed talks following last month's tariff truce. Dovish comments from Federal Reserve Governor Christopher Waller, San Francisco Fed President Mary Daly, and New York Fed President John Williams reignited speculation of an interest rate cut. Currency markets now...
US stocks rallied at the start of the holiday-shortened week, with the S&P 500 rising 1.6%, the Nasdaq surging 2.6%, and the Dow Jones Industrial Average rising more than 300 points as investors grew more confident that the Fed would soon ease policy. New York Fed President John Williams hinted at room for an interest rate cut in the near future, and Fed Governor Christopher Waller said recent labor market weakness makes a December rate cut plausible. According to CME FedWatch, futures markets currently have a roughly 79% probability of a 25-bps rate cut at the December 9-10 meeting....
European stocks recovered in afternoon trading and closed slightly higher on Monday (November 24th), paring losses from the previous week thanks to renewed dovish signals from key FOMC members. The Eurozone STOXX 50 rose 0.4% to 5,540, and the pan-European STOXX 600 gained 0.3% to 564. Technology stocks traded in the bloc closed sharply higher, following sentiment in US stocks that indicated a slight respite from last week's sell-off. Risk-sensitive sectors also benefited from Fed Chairman Waller's support for an interest rate cut next month. ASML rose 3% and Infineon jumped 3.5%, while...
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....