The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to reduce risk in large cap stocks. Among the index's contributors, Tencent was a major drag, with its shares falling by around 2.3%, putting pressure on the technology sector, which has recently been a driving force behind market gains. Weakness in large cap companies like this typically quickly impacts sentiment due to their significant weighting in...
Harga emas terus mengalami penurunan tajam pada hari ini, diperdagangkan di sekitar $3.983. Pergerakan ini terjadi karena beberapa faktor utama yang mempengaruhi pasar. Salah satunya adalah penguatan dolar AS yang terus bertahan di level tinggi. Indeks Dolar AS (DXY) mendekati 99,70, didorong oleh meredanya spekulasi mengenai pemangkasan suku bunga lebih lanjut oleh The Fed. Ketua The Fed, Jerome Powell, dalam komentarnya, menegaskan bahwa penurunan suku bunga pada Desember "masih jauh dari kepastian," yang membuat dolar semakin kuat dan menekan harga emas yang dihargai dalam mata uang...
Silver climbed above $49 per ounce on Friday and was poised to finish the week slightly higher as rising market volatility lifted demand for safe-haven assets. Global stocks experienced sharp swings this week amid growing concerns over AI infrastructure spending, while the Federal Reserve's latest rate cut and the Trump-Xi meeting offered little fresh support. The Fed delivered a widely anticipated quarter-point reduction earlier this week, though Chair Jerome Powell cautioned that another cut in December is not guaranteed. The meeting between Presidents Trump and Xi also concluded with...
Oil prices headed for a third straight monthly decline, falling on Friday (October 31st) due to a stronger US dollar, weak Chinese data, and rising supply from major global producers. Brent crude futures fell 38 cents, or 0.6%, to $64.62 a barrel at 10:08 GMT, while U.S. West Texas Intermediate crude was at $60.19 a barrel, down 38 cents, or 0.6%. The U.S. dollar is nearing a three-month high against major currencies, making dollar-denominated commodities like oil more expensive. Meanwhile, sources told Reuters that Saudi Arabia, the world's largest oil exporter, may lower its December...
Gold held steady near $4,000 an ounce, as traders weighed a US-China trade truce that failed to quell concerns about a long-term rivalry between the world's two largest economies. Spot gold pared losses after falling as much as 0.9% an ounce on Friday during Asian trading hours. Chinese leader Xi Jinping called for stable supply chains in his first public speech after meeting with US President Donald Trump. The talks between the two leaders appeared to resolve—for now—the months-long dispute, but the one-year pause will likely only stabilize relations and give each side time to reduce...
EUR/USD weakened slightly as markets again doubted the chances of aggressive Fed easing. Powell's cautious comments prompted investors to seek refuge in the dollar, especially as global risk sentiment improved somewhat following news of the US-China trade war. Meanwhile, Europe is still awaiting new evidence on inflation and growth before the ECB dares to change its policy tone—as a result, the euro lacks a strong catalyst for a rebound. From a fundamental perspective, the Fed's "data-dependent" stance makes the dollar's direction sensitive to the next US economic release. If signs of a...