Hong Kong stocks rose on Monday morning (November 10, 2025) after data showed Chinese consumer prices rose 0.2% year-on-year in October—the highest increase since January. This news fueled hopes that deflationary pressures in the world's second-largest economy are easing. The Hang Seng Index rose 0.5% to 26,375, while the Hang Seng Tech Index edged down 0.2%. The gains were led by Pop Mart, which surged nearly 5%, followed by ZTO Express and New Oriental, which each rose 2.7%. However, some of the gains were offset by declines in Lenovo and SMIC. Analysts believe the surge in inflation was...
Gold (XAU/USD) emerged as a major beneficiary of the US Dollar (USD) weakness, a theme that is expected to drive prices on Thursday (6/12). With prices currently hovering around the $3,380 mark, geopolitical risks and the US fundamental backdrop continue to support the safe-haven demand for Gold. The US Producer Price Index (PPI) data release on Thursday showed that inflation slowed at the wholesale level. The headline PPI showed an annual increase of 2.6% in May, in line with analysts' forecasts, following a 2.5% increase in April. The core PPI, which excludes volatile items, fell to 3%...
Oil prices fell on Thursday, reversing gains seen earlier in Asia, as market participants assessed the U.S. decision to remove personnel from the Middle East ahead of talks with Iran over Tehran's nuclear activities. Brent crude futures fell 73 cents, or 1.1%, to $69.04 a barrel by 0901 GMT, while U.S. West Texas Intermediate crude fell 66 cents, or 1%, to $67.49 a barrel. Both Brent and WTI jumped more than 4% to their highest levels since early April a day earlier. U.S. President Donald Trump said the U.S. was removing personnel because the Middle East "can be a dangerous place." He...
Gold prices rose to a one-week high on Thursday, boosted by softer US inflation data that reinforced expectations of a Federal Reserve interest rate cut this year, while investors eyed a raft of other inflation data for further direction. Spot gold was up 0.2% at $3,360.29 per ounce, as of 0838 GMT, after hitting its highest since June 5 the previous day. U.S. gold futures were up 1.1% at $3,380.00. The U.S. dollar index (.DXY), fell 0.3% to a near two-month low. A weaker dollar makes bullion cheaper for buyers holding other currencies. "Gold remains on the back foot... with a break...
The US dollar was among the weakest G8 currencies on Thursday (6/12). Risk-off sentiment fueled by US President Trump's fresh tariff threats, coupled with higher expectations of a Fed rate cut, pushed the USD lower against the safe-haven Japanese yen. US CPI figures released on Wednesday revealed that inflation grew at a 0.1% pace in May and 2.4% year-on-year, below the 0.2% and 2.5% increases expected by market analysts, respectively. The figures have eased concerns about the inflationary impact of Trump's "Liberation Day" tariffs and raised expectations that the Fed will cut rates again...
The pound (GBP) fell sharply against other major currencies on Thursday (6/12) as the U.K. Office for National Statistics (ONS) reported that the economy shrank at a faster-than-expected pace in April. According to the report, U.K. Gross Domestic Product (GDP) shrank by 0.3% month-on-month in April, faster than the 0.1% expected in March. In March, the GDP growth rate was 0.2%. The country's stronger-than-expected economic downturn is expected to force Bank of England (BoE) officials to reassess their "gradual and cautious" monetary expansion guidance, which they delivered in May after...