Japanese stocks rose on Wednesday as artificial intelligence (AI)-related stocks rallied and hopes for a US interest rate cut grew. The Topix index rose 2% to 3,355.50 as of 3:30 p.m. Tokyo time, while the Nikkei 225 gained 1.8% to 49,559.07. Of the 1,668 stocks on the Topix index, 1,471 rose, only 166 fell, and…
Global oil prices rose slightly on Wednesday after hitting a one-month low in the previous session. Brent rose 0.43% to around US$62.75 per barrel, while WTI gained 0.41% to around US$58.19 per barrel. However, many analysts view this rise as more of a short-term technical pause, rather than the start of a strong uptrend. Market…
Silver prices (XAG/USD) continued their three-day rally, approaching US$52.00 per troy ounce during Wednesday’s Asian session. This strengthening occurred as US bond yields weakened, with the 10-year US Treasury yield holding around 4.00% after falling around 3.4% over the week. Lower yields make non-yielding assets like silver attractive again to investors. According to the CME…
Gold prices rose to a nearly two-week high on Wednesday, supported by US economic data that reinforced expectations of a Fed rate cut in December and weighed on the US dollar. Spot gold prices rose 0.8% to around US$4,161.10 per troy ounce, the highest since November 14, while US gold futures for December delivery fell…
The Hang Seng jumped 496 points, or almost 2%, to end at 25,716 on Monday, halting a six-session slide as U.S. futures rose on growing expectations of a December Fed rate cut after dovish remarks from a senior Fed official. Markets rebounded from a five-week low, boosted by solid gains across sectors. The tech index…
Oil prices took a breather on Monday after last week’s fall of about 3%, as investors weighed the chances for a U.S. rate cut against the prospect of a Russia-Ukraine deal that could free up more Russian supply through an easing of sanctions. The United States and Ukraine were set to resume work on a…
