Gold (XAU/USD) Gold (XAU/USD) regains ground on Friday, edging modestly higher after earlier weakness, even as a resilient US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD trades around $4,345, recovering from a daily low near $4,309. The precious metal briefly surged toward record highs on Thursday after US inflation data undershot expectations. However, gains quickly faded as softer inflation lifted risk appetite across equity markets and pushed Gold back within the range established earlier this week. That said, the downside appears limited, as a dovish Federal...
Nonfarm Payrolls (NFP) in the United States (US) rose by 147,000 in June, the US Bureau of Labor Statistics (BLS) reported on Thursday. This reading followed the 144,000 (revised from 139,000) increase recorded in May and came in better than the market expectation of 110,000. Other details of the employment report showed that the Unemployment Rate edged lower to 4.1% from 4.2%, while the Labor Force Participation Rate ticked down to 62.3% from 62.4%. Finally, annual wage inflation, as measured by the change in the Average Hourly Earnings, retreated to 3.7% from 3.8% in May. This print fell...
The Hang Seng dipped 151 points or 0.6% to finish at 24,070 on Thursday, reversing previous strength as falls hit most sectors, particularly consumer, financial, and tech. Caution prevailed ahead of key U.S. payroll data after the first drop in private sector jobs in over two years. In China, a private survey showed services activity fell to a nine-month low in June, weighed by the steepest decline in foreign sales in over two years amid mounting trade headwinds. Fierce competition among mainland e-commerce giants also raised concerns over profit margins. The index trimmed early losses on...
European stocks edged higher on Thursday, with the STOXX 50 gaining 0.2% and the STOXX 600 rising 0.3%, extending the previous session's gains as investors continued to monitor trade developments. Sentiment was supported by news that the US has lifted certain chip design export restrictions on China, another sign of easing tensions and a potential trade truce. Semiconductor stocks responded positively, with Siemens up 1.6%, Infineon gaining 2%, and NXP Semiconductors jumping 4%. The US also reached a trade agreement with Vietnam, which includes a 20% tariff on Vietnamese...
Japanese shares ended higher on Thursday as investors awaited a key US jobs report and the outcome of a major tax and spending bill in Congress, both seen as potential triggers for Fed rate cuts. The Nikkei 225 rose 0.06%, or 23.42 points, to end at 39,785.90. Investors awaited a House vote in the US on Trump's $3.3 trillion tax and spending bill, which would cut taxes, reduce social programs, and raise the national debt. The focus also remained on US payrolls data due later in the day, with forecasts calling for a 110,000 job gain and unemployment rising to 4.3%. A surprise drop in...
The Hang Seng Index started the day with a 12-point rise, reaching 24,234 points before fluctuating and ultimately falling by 126 points or 0.52%, settling at 24,094 points. Concurrently, the H-share Index dropped by 60 points or 0.69% to 8,663 points, while the Technology Index decreased by 29 points or 0.56%, closing at 5,239 points. The main board saw a turnover of HKD 39.8 billion. Tech stocks showed softness with Tencent declining by 0.5%, Alibaba by 2.3%, Meituan by 2.1%, Xiaomi Corporation by 1.5%, and Kuaishou by 1.2%. In individual developments within financial stocks, HSBC...
Japanese stocks edge lower as uncertainty over U.S. tariffs continues. Tech and pharmaceutical stocks are leading declines. SoftBank Group falls 1.5% and Otsuka Holdings is 2.1% lower. USD/JPY is at 143.57, compared with 143.71 as of Wednesday's Tokyo stock market close. Investors are closely watching any developments related to U.S. tariffs as well as domestic policymaking ahead of the upper-house election later this month. The Nikkei Stock Average is down 0.1% at 39710.51. Sumber: Marketwatch
The S&P 500 and Nasdaq rallied on Wednesday, rising 0.5% and 0.8%, respectively, with the S&P 500 closing at a new record high while the Dow ended flat. The market was lifted by strong technology gains and news of a U.S.-Vietnam trade deal that includes 20% tariffs on certain Vietnamese imports. Investor sentiment was further buoyed by renewed trade optimism and weak labor market data, which reinforced expectations for a Federal Reserve interest rate cut. Apple (+2.2%), Nvidia (+2.6%) and Tesla (+5%) led the rally, helping the Nasdaq rise. However, ADP data showed private-sector...
European stocks rose on Wednesday, with the STOXX 50 up 0.7% and the STOXX 600 up 0.2%, as investors weighed progress in trade talks between the U.S. and its major trading partners, while looking to the ECB forum for signals on the central bank's policy outlook for the rest of the year. U.S. President Trump reiterated that he would not delay a July 9 deadline for resuming higher tariffs, reiterating his threat to end talks and impose new duties on several countries, including Japan. Also, a deal was announced with 20% tariffs on Vietnam. Meanwhile, recent comments from several ECB...
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....