Silver prices (XAG/USD) rose to around $49.70/oz during the Asian session, holding in positive territory after hitting a four-decade high. The rise was driven by inflows into safe-haven assets amid uncertainty—from the ten-day US government shutdown, tariff concerns, and geopolitical risks. Solid industrial demand (including renewable energy and electronics) also contributed to the rally. Similarly,…
The Hang Seng Index fell 0.9% to 26,518.27 on Friday morning (9:50 a.m. local time), following a pause in the Wall Street rally and concerns that AI hype has led to overpriced valuations. The biggest pressure came from large tech stocks: Baidu -3.2%, Alibaba -2.2%, JD.com -1.9%, followed by Li Auto -3.3% and Zijin Mining…
Oil prices continued to rise on Tuesday after OPEC+ increased November production by only 137,000 bpd, less than expected. Concerns about oversupply have eased. Brent rose $0.23 (0.35%) to $65.70/barrel at 03:56 GMT, while WTI rose $0.21 (0.34%) to $61.90. The day before, both contracts had closed up more than 1% following the OPEC+ decision,…
Japanese stocks rise due to growing hopes that newly elected ruling-party leader Sanae Takaichi will take more aggressive fiscal steps to stimulate the economy. Heavy-industry and real-estate stocks lead gains. IHI rises 5.3% and Sumitomo Realty & Development is 4.6% higher. USD/JPY is at 150.43, compared with 150.13 as of Monday’s Tokyo stock market close….
Budget discussions in the United States Congress have reached another deadlock after overnight meetings failed to produce an agreement between Republicans and Democrats. This situation has pushed the partial federal government shutdown into its second week, raising concerns about domestic and global economic stability. The failure to reach an agreement occurred after the Senate rejected…
Japanese stocks are expected to move higher on Friday, following Wall Street’s record-breaking rally, fueled by OpenAI’s latest funding and eye-catching valuations. Nikkei futures on SGX rose 35 points to 45,050, signaling a positive opening. In the currency market, USD/JPY was at 147.14 (vs. 147.26 late Thursday in New York), indicating a relatively stable yen….
