Silver prices weakened slightly and are now hovering around US$39–39.40 per ounce, still near their highest levels since 2011. Strengthening bond yields and the US dollar have somewhat curbed the upward trend, but the white metal still posted a year-over-year surge of more than 36%—leading gold's rise of around 31%. The global silver market has recorded a deficit for five consecutive years, and by 2025, a shortfall of approximately 149 million ounces is expected. Mine production has increased slightly, but not enough to offset surging demand. Despite pressure from a strengthening US dollar...
The Nikkei 225 index fell 0.7% to around 39,100 while the broader Topix index fell 0.3% to 2,733 on Wednesday, tracking losses on Wall Street overnight as markets took a breather from a post-election rally. Domestically, data showed that Japanese producer prices rose at the fastest pace in 14 months in October, highlighting ongoing inflationary pressures. Investors also continued to assess the impact of Japan's 10 trillion yen stimulus plan for AI chipmakers aimed at strengthening critical supply chains amid ongoing U.S.-China trade tensions. Technology stocks led the declines, with...
Asia-Pacific stock markets opened lower on Wednesday, tracking declines on Wall Street as the post-election rally in the U.S. stalled overnight. Asian traders were assessing corporate goods data from Japan, which showed year-on-year growth in producer prices, or wholesale inflation, in October hit its highest since July last year at 3.4%. That was higher than the 3% growth expected by economists polled by Reuters, and a 2.8% increase in September. Japan's Nikkei 225 was trading down 0.5% at the open, while the Topix was down 0.3%. South Korea's Kospi was down 1.1%, while the Kosdaq...
U.S. stocks finished lower on Tuesday as Wall Street took a breather from a postelection rally that propelled the major stock indexes to all-time highs. The Dow Jones Industrial Average lost 0.9%, ending near 43,910, according to preliminary data from FactSet. It was the worst day for the blue-chip index since Oct. 31, according to Dow Jones Market Data. The S&P 500 was off 0.3%, to finish around 5,984. The large-cap benchmark index snapped a five-session winning streak. The Nasdaq Composite dropped less than 0.1%, leaving it nearly flat at 19,281. Stocks viewed as beneficiaries of...
European markets fell sharply on Tuesday, with the Stoxx 50 and Stoxx 600 dropping over 2%, marking the biggest decline since August. Investors are concerned about how US President-elect Donald Trump's return to office might impact Europe's economy. Most sectors were in the red, with mining stocks leading the losses, down by 4% due to lower metal prices like gold and copper. Technology stocks were the only sector to see slight gains. Investors are also focusing on economic data, with the ZEW Indicator of Economic Sentiment for Germany declining more than expected. Also, German inflation...
A rally that drove stocks to a series of all-time highs ran out of steam, with Wall Street traders awaiting key inflation data and more clues on Donald Trump's transition to presidency. Equities fell after the S&P 500's biggest five-day run in a year. Following sizable post-election gains, small caps and banks lost ground. Nvidia Corp. led megacaps higher, while Tesla Inc. dropped 3% after soaring 44% in five days. Bitcoin fell after a sizzling advance that took the digital asset close to $90,000....