The Nikkei 225 jumped 2.12% to close at 52,411, while the broader Topix Index rose 0.94% to 3,332 on Friday, with Japanese stocks hitting fresh record highs amid a strong rally in technology shares. The advance followed gains in US stock futures after upbeat earnings and sales forecasts from Apple and Amazon lifted sentiment across the tech sector. Among top performers, Advantest gained 3.9%, SoftBank Group 2.9%, and Fujikura 1.8%. Hitachi also surged 7.2% after reporting a 62% jump in first-half net income, while Socionext soared 16.7% on strong results. In contrast, Nissan Motor tumbled...
Gold prices soared to a record high on Tuesday on safe-haven demand after U.S. President Donald Trump imposed fresh tariffs on steel and aluminium imports, which could fuel inflation further and escalate the potential for a global trade war. Spot gold was up 0.3% at $2,916.37 per ounce as of 0701 GMT. It hit a lifetime high of $2,942.70 earlier in the session. Source: Reuters
The USD/CHF pair trades in positive territory for the fourth consecutive day around 0.9115 on Tuesday during the early European trading hours. The threats of reciprocal tariffs and the imposition of 25% tariffs on aluminium and steel by US President Donald Trump provide some support to the US Dollar (USD). Investors will closely monitor Federal Reserve (Fed) Chair Jerome Powell's semi-annual testimony on Tuesday. Analysts believe that tariff policies by the Trump administration could be inflationary and put further pressure on the Fed to keep interest rates elevated. Markets are pricing in...
Silver remained just below $32 per ounce on Tuesday, hovering near three-month highs as safe-haven demand for precious metals surged following the latest US tariffs. US President Donald Trump signed an executive order imposing 25% tariffs on steel and aluminum imports "without exceptions or exemptions," raising concerns about inflation and a potential escalation of the global trade war. Investors were also preparing for the release of the latest US inflation figures and comments from Federal Reserve Chair Jerome Powell later this week, which could influence the outlook for US monetary...
Silver (XAG/USD) attracts fresh sellers during the Asian session on Tuesday and drops back closer to the overnight swing low, around the $31.65-$31.60 area. The white metal, however, trims a part of its intraday losses and currently trades just below the $32.00 mark, down 0.45% for the day. Silver reverses the previous day's positive move, though it lacks follow-through.The setup supports prospects for an extension of over a one-month-old uptrend.Any meaningful slide could be seen as a buying opportunity and remain limited.It has been historically used as a store of value and a medium of...
GBP/USD continues its downward trend for the fourth consecutive day, trading near 1.2350 during Asian hours on Tuesday. The pair weakens amid escalating trade tensions after US President Donald Trump imposed a flat 25% tariff on steel and aluminum imports on Monday, removing all exemptions and nullifying previous trade agreements with key United States' (US) allies. The move is intended to support struggling domestic industries but increases the risk of a broader trade conflict. Trump's proclamations raised the US aluminum tariff from 10% to 25%, eliminating country-specific exemptions,...