The Hong Kong stock exchange opened in the green. The Hang Seng Index rose early in the session, followed by gains in the technology index and mainland Chinese stocks. The market mood this morning was clearly positive. The main drivers were the technology sector: Alibaba and Kuaishou were the most prominent, with Tencent and Meituan also strengthening, followed by Xiaomi and JD.com. In the financial sector, the HKEX performed solidly, with AIA and Ping An rising steadily, while HSBC weakened slightly. (az) Source: Newsmaker.id
The GBP/USD pair posted modest gains near 1.2520 during the early European session on Friday. However, the major currency pair's gains seem limited amid subdued trading activity and growing expectations that the US Federal Reserve (Fed) will deliver fewer interest rate cuts next year. According to the daily chart, the GBP/USD bearish outlook remains valid with the price holding the key 100-day Exponential Moving Average (EMA). The downside momentum is reinforced by the 14-day Relative Strength Index (RSI), which is located below the midline around 38.35, suggesting that further declines...
Gold prices moved lower amid a quiet post-Christmas holiday trade, trading near $2,630 during the Asian session on Friday (12/27). However, the safe-haven asset could find upside support as markets anticipate signals from the US economy under the incoming Trump administration and the Federal Reserve's (Fed) interest rate outlook for 2025. Gold, a non-yielding asset, gained traction as modest US PCE inflation data challenged expectations of limited Fed rate cuts next year, hinting at the possibility of more cuts. The safe-haven appeal was supported by rising geopolitical risks stemming from...
The Japanese Yen (JPY) strengthened against the US Dollar (USD) on Friday. The USD/JPY pair retreated from its recent gains as the Japanese Yen (JPY) strengthened following the release of the Tokyo Consumer Price Index (CPI) inflation data. The data is expected to keep the Bank of Japan (BoJ) on track to raise interest rates in January The headline Tokyo CPI inflation rose to 3.0% YoY in December, up from 2.6% in November. Meanwhile, Tokyo CPI excluding Fresh Food and Energy rose to 2.4% YoY in December, compared to 2.2% in the previous month. Tokyo CPI excluding Fresh Food also rose...
Silver (XAG/USD) prices extended its gains for the sixth straight day, trading around $29.90 during Asian hours on Friday. Silver prices could find upside support amid safe-haven demand as markets anticipate signals on the US economy under the incoming Trump administration and the Federal Reserve's (Fed) interest rate outlook for 2025 Non-yielding silver gained traction as modest US PCE inflation data challenged expectations of limited Fed rate cuts next year, hinting at the possibility of more cuts. The safe-haven appeal was supported by rising geopolitical risks stemming from the ongoing...
Oil prices fell in sluggish year-end trading, with investors assessing the outlook for 2025 while monitoring developments in the Middle East. Brent crude was steady near $73 a barrel, after falling 0.4% on Thursday, while West Texas Intermediate held below $70 a barrel. A 10-day volatility gauge for the U.S. crude benchmark has fallen to its lowest level since 2021, with the same metric for Brent dropping to its narrowest reading since March. Source: Bloomberg