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...
Asia-Pacific markets traded mixed on Tuesday (5/13), following a big rally on Wall Street after the US and China agreed to a trade deal. Hong Kong stocks fell at the open with the Hang Seng Index down 1.02% and the Hang Seng Tech Index down 1.55%. This was a reversal of strong gains posted by both indices in the previous session. Meanwhile, mainland China's CSI 300 index started the day flat. In Japan, the benchmark Nikkei 225 index jumped 1.85%, while the broader Topix index gained 1.36%. In South Korea, the Kospi index rose 0.26% while the small-cap Kosdaq index gained...
U.S. stocks roared back on Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland, raising hopes a trade war won't push the economy into a recession. The Dow Jones Industrial Average surged 1,160.72 points, or 2.81%, and closed at 42,410.10. The 30-stock index ended the session near its highs of the day, with buying enthusiasm remaining strong. The S&P 500 popped 3.26% to end at 5,844.19, bringing its gain since its April intraday low at the height of tariff pessimism to more than 20%. The benchmark has cut its...
European stock markets closed higher Monday following the White House's announcement that the U.S. and China had agreed to slash tariffs. The Stoxx 600 closed up by 1.1% provisionally, with mining stocks rallying nearly 5% to lead the gains. The U.K.'s FTSE 100 was 0.6% higher as France's CAC 40 moved up 1.4% and Germany's DAX climbed 0.2%. U.S. Treasury Secretary Scott Bessent said on Monday that talks with China had been "very productive." The agreement to suspend most tariffs for 90 days shows a thawing of trade tensions between the world's two largest economies. U.S. stocks opened...
US stocks skyrocketed on Monday, with both the S&P 500 and the Nasdaq soaring about 3% and the Dow Jones jumping more than 1,000 points, after the US and China announced a sweeping 90-day reduction in tariffs following trade negotiations over the weekend in Switzerland. The US said it would lower tariffs on Chinese goods from 145% to 30%, while China will cut levies on US imports from 125% to 10%, both for a 90-day period. The move boosted investor confidence, signalling that both sides are serious about de-escalating trade tensions and encouraging a return to riskier assets. Consumer...
The Hang Seng surged 682 points or 3.0% to close at 23,549 on Monday, marking its eighth straight session of gains and hitting a 1-1/2 month high. The rally followed a sharp rise in U.S. futures after the U.S. and China agreed to a 90-day pause in trade tensions and a major easing of tariffs. Washington will cut duties on Chinese goods to 30% from 145%, while Beijing will lower tariffs on U.S. goods to 10% from 125%. Sentiment was further lifted by data showing China's car sales rose nearly 10% yoy in April. Tech stocks led the advance, with the sector index up around 5%, boosted by gains...