The Hang Seng rose 175 points or 0.7% to close at 25,936 on Thursday, partly rebounding from a steep fall the prior day amid firmer U.S. futures ahead of Friday’s PCE index and the Fed’s final policy meeting of the year, where a 25bps rate cut is widely expected. Meanwhile, China may keep its 2026…
Oil prices continued their slight rise in recent trading. Brent traded around $63 per barrel after rising 0.4% in the previous session, while WTI held above $59 per barrel. This rise occurred amid market focus on two key geopolitical issues: the inconclusive Ukraine ceasefire talks and the escalating tensions between the United States and Venezuela….
Silver prices corrected after hitting a new record high. In Asian trading (Singapore), silver fell as much as 2.4% to around $57.09 per ounce, before settling around $57.43. Despite the correction, the price remains less than $2 from its previous record of $58.97. This correction occurred due to profit-taking by traders following the sharp rally…
The Nikkei index has the potential to rise in today’s trading after Wall Street rallied overnight. Nikkei futures on the SGX rose around 0.6% to 49,590, signaling a fairly positive start. On Tuesday, the Nikkei closed nearly flat at 49,303.45, so the market is still waiting for a new trigger for a clearer move. On…
Oil prices fell slightly in Asian trading on Wednesday after dropping more than 1% in the previous session. The market is still digesting the results of high-level talks between the United States and Russia on efforts to end the war in Ukraine. Brent for February fell 0.3% to $62.24 per barrel, while WTI also weakened…
Gold prices weakened slightly in early Asian trading. Spot gold fell around 0.2% to around $4,223.40 per troy ounce. This movement follows a previous rally, and the market is now more cautious while awaiting signals on the direction of interest rate policy from the US central bank, the Federal Reserve (The Fed). In a note,…
