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The Asian share market reached a new three-month high on Friday, as investors returned to Chinese stocks that were previously not popular due to the optimism surrounding artificial intelligence. Meanwhile, the U.S. exceptionalism narrative has continued to lose its luster. Gold was hovering near its record high, and it looked set to continue its gains for the eighth week in a row. Gold was boosted by flows to safe-haven assets due to fears over Donald Trump's threats to impose tariffs and during contentious discussions as the U.S. President pushes to end the Russia-Ukraine conflict quickly. MSCI's broadest Asia-Pacific share index...

European shares reached record highs on Monday, with defence stocks leading the way, as regional leaders demanded an urgent summit to discuss the Ukraine conflict amid increasing U.S. demands to increase military spending to ensure security. The pan-European STOXX 600 Index was up last 0.4% as a gauge for defence and aerospace stocks soared almost 4% in value to lifetime highs, after having more than doubled since Russia invaded Ukraine 3 years ago. Analysts have called this "supercycle" in the sector. It is expected that earnings will continue to grow in the defence industry due to the significant increase in...

European shares reached record highs on Monday, with defence stocks leading the way, as top leaders in the region called for an urgent summit to discuss the Ukraine conflict amid increasing U.S. demands to increase military spending to ensure security. The pan-European STOXX 600 Index jumped up to 0.4%. A gauge of defence stocks and aerospace stocks surged above 3%, reaching lifetime highs, after having more than doubled their value since Russia invaded Ukraine in 2013. Analysts have called this "supercycle" in the sector. It is expected that earnings will continue to grow in the defence industry due to the...

Asian stock markets fell on Monday, and U.S. equities futures were sharply lower as a result of U.S. President Donald Trump’s tariffs against Canada, Mexico, and China. This sparked fears of a global trade war that could harm the growth in the world. The U.S. Dollar soared to a new record high in offshore trading against the Chinese Yuan, the strongest level since 2003 versus Canada's currency, and the highest since 2022 against Mexico's Peso. Japan's Nikkei average fell as much as 2,3% in the opening minutes of trading. Australia's benchmark, which is often used as a proxy to Chinese...

European and Asian shares dropped on Monday as financiers weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence design to rival OpenAI's ChatGPT. Meanwhile, the dollar dipped as broad U.S. import tariffs remained on the back burner, even as U.S. President Donald Trump threatened Colombia with levies to punish the country for earlier contradicting flights carrying deported migrants. China's DeepSeek presented a totally free AI assistant that it says uses lower-cost chips and less information, apparently challenging an extensive bet in markets that AI will drive need along a. supply chain from chipmakers to information...

China Petroleum & & Chemical Corp, or Sinopec Corp, stated on Friday it processed 2.03% less crude oil in 2024 versus 2023 and its diesel output tumbled 10.27% over the previous year. The information, which Sinopec said is unaudited, mirrored a fall in the country's overall refinery throughput last year for the very first time in more than twenty years barring the pandemic-hit year of 2022 amidst a sputtering economy, stagnant fuel demand and dampened margins. The refining giant processed 252.3 million metric tons of crude oil in 2024, or about 5.05 million barrels per day, down from 257.52 million...

World stocks increased on Tuesday and the dollar got after plunging the previous day as Donald Trump's return to the White House brought mixed messaging on tariffs and highlighted markets' jerking about trade policy. The Canadian dollar and Mexican peso bore the force of the market swings after Trump said he was mulling imposing 25%. tariffs on the nearby countries as soon as Feb. 1. Still, some investors were eased that Trump did not. reveal a more comprehensive sweep of tariffs at the start of. his second presidency, and that supported a pull-back in the. 10-year Treasury bond yield. Markets...

World stocks increased on Tuesday and the dollar gained after plunging the previous day as Donald Trump's go back to the White House brought blended messaging on tariffs and highlighted markets' twitching about trade policy. The Canadian dollar and Mexican peso bore the impact of the market swings on Tuesday and Monday, after Trump said he was mulling imposing 25% tariffs on the nearby countries as soon as Feb. 1. Still, some financiers were eased that Trump did not reveal a more detailed sweep of tariffs at the start of his 2nd presidency, which supported a pull-back in the 10-year...

The dollar rallied on Tuesday after plunging the previous day and stocks increased as Donald Trump's return to the White House brought blended messaging on tariffs and highlighted markets' twitchiness about trade policy. The Canadian dollar and Mexican peso bore the force of the market swings on Tuesday and Monday, after Trump said he was mulling imposing 25% tariffs on the neighbouring countries as soon as Feb. 1. That sent the Mexican peso sliding well over 1% versus the U.S. dollar while the Canadian dollar tumbled to a five-year low of $0.689, although the selloff later moderated rather . Around...

International shares and U.S. Treasuries were volatile on Tuesday, reversing a quick relief rally from early in the session in the first couple of hours of Donald Trump's brand-new presidency after he revealed prepare for trade tariffs on neighbouring countries. U.S. markets were closed for a holiday on Monday, so the first reactions to Trump's inauguration were felt throughout Asian trade on Tuesday. Trump said that his administration is mulling imposing 25%. tariffs on Mexico and Canada as quickly as Feb. 1 - a relocation which. doused financiers' hopes of a hold-up after they had been cheering. the quick mention...

Asia's shares followed Wall Street's favorable lead on Tuesday as some investors hoped U.S. Presidentelect Donald Trump would embrace less aggressive tariffs than formerly thought when he takes workplace. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.03%, while Japan's Nikkei jumped 2%, boosted by a rally in innovation stocks. Stocks in Europe, nevertheless, looked set for an unfavorable start after Monday's gain. EUROSTOXX 50 futures fell 0.5%,. while FTSE futures pulled away 0.47%. In the U.S., S&P 500 futures slipped 0.07%. Nasdaq. futures lost 0.16% after the underlying indexes increased on. Monday to more than a one-week...

Global stocks succumbed to a. third straight session on Monday and Wall Street tumbled as the. current bout of elevated U.S. Treasury yields triggered earnings. taking at the end of a strong year for equities. On Wall Street, each of the 3 significant U.S. indexes were. down more than 1% in broad selling, with all 11 of the major S&P. 500 sectors in negative territory in early trading. The benchmark 10-year U.S. Treasury yield's recent push. above the 4.5% mark after the Federal Reserve signaled it would. take a slower rate cut course on Dec. 18 has actually fueled concerns...

The demand for gold in India fell this week as prices reached a record-high, causing retailers to reduce their retail sales and force dealers to offer discounts. Meanwhile, the demand in China, the world's largest consumer, also declined after Lunar New Year. The consumer is not ready to pay prices that are unprecedented. "They need time to adjust to this price rally," Ashok Jain said, owner of Mumbai-based wholesaler Chenaji Narsinghji. This week, the domestic gold price reached a new record of 86 360 rupees per 10 grams. The price of gold has risen by over 12% in 2025, after...

The stellar rise in global gold prices has cast a dark shadow over jewellery purchases during India's wedding season. Dealers in China have offered discounts to entice buyers. This week, benchmark gold prices reached a record of $2,942.70 per ounce as investors flocked to the safe haven due to fears about a possible global trade war sparked by new U.S. Tariffs. Customers are hesitant to purchase gold during the wedding season because of rising prices. "They keep calling us asking when prices will go down and when is the best time to buy", B Muthuvenkatram said, a jeweller in Coimbatore....

Raised prices dampened need for physical gold in many Asian centers today, while Indian dealerships offered the greatest discount rates in more than six months. In India, domestic costs hit an all-time high of 80,034 ($ 927.69) rupees per 10 grams on Friday, tracking the worldwide spot gold rates and hovering near a record high of $2,790.15 struck on Oct. 31. Retail need was minimal today due to the price increase. The majority of jewellery stores were experiencing thin footfall, a. Chennai-based bullion dealership stated. Indian dealerships this week provided a discount rate of. as much as $38 an ounce...

Asian dollar bond issuance is expected to increase around 20% in 2025 over last year, driven by Chinese financial obligation offers and as U.S. rate of interest cuts make it more economical for business to issue dollar bonds rather than regional currency financial obligation. In the first few days of 2025, at least $6 billion worth of dollar bonds were provided, LSEG data and term sheets reviewed by Reuters showed. Offers have been priced by the Export Import Bank of Korea and aluminium producer China Hongqiao Group. We are expecting about a 20% increase in dollar bonds out of Asia,...

Iron ore futures extended decreases to a second straight session on Monday, weighed down by slower production of hot metal in China, although stronger economic data from the leading customer restricted the fall. The most-traded May iron ore agreement on China's Dalian Commodity Exchange (DCE) ended morning trade 1.37%. lower at 758.0 yuan ($ 103.43) a metric load. The benchmark February iron ore on the Singapore. Exchange eased 1.19% to $97.65 a heap, since 0350 GMT. With the Chinese New Year vacation beginning in just 4. weeks' time, the pre-holiday stockpiling of iron ore will lend. some support to rates...

China's net gold imports by means of Hong Kong in November more than doubled from October, marking the highest level in 7 months, Hong Kong Census and Stats Department information revealed on Monday. The world's top gold customer imported a net 33.074 metric lots in November, up 115% from 15.414 loads in October, its highest level given that April 2024. Total gold imports by means of Hong Kong were up 60% at 45.22 metric heaps from October, posting its highest level in eight months. WHY IT is essential China is the world's leading consumer of gold, and its acquiring activities...

Some Japanese aluminium purchasers have accepted pay an international producer a premium of $228 per metric lot over the benchmark cost for shipments from January to March, up 30% from this quarter, two sources straight involved in the talks stated. The fourth consecutive quarterly boost, the figure exceeds the $175 per ton paid in the quarter from October to December. It is also the greatest premium because 2015, though a little lower than the initial deals of $230-$ 260 made by producers. Japan is a major Asian importer of the light metal and the premiums for primary metal shipments it...

Gold discount rates in India widened this week to their highest level in over two months as a rebound in domestic costs throughout the wedding season curtailed demand, while China's stimulus measures did little to restore consumer self-confidence in the essential market. In India, domestic prices rose to 79,120 rupees ($ 932) per 10 grams previously this week after falling to 73,300 rupees last month. Due to the price rise, need reduced dramatically today. Rather of buying, some financiers were even selling gold purchased at lower prices, stated Ashok Jain, owner of Mumbai-based gold wholesaler Chenaji Narsinghji. Indian dealers today...

The following are the top stories in the Financial Times. Reuters has not confirmed these stories and does not attest their precision. Headings - HSBC evaluates retail banking outside UK and Hong Kong - De La Rue in talks over stake with Edi Truell-backed financiers - Rio Tinto to invest $2.5 bln in latest dedication to lithium - Lead overhauls charges for UK investors Introduction - HSBC is reviewing its retail banking operations outside the UK and Hong Kong, a move that might see it considerably downsize operations in nations including Mexico, as it seeks additional expense cuts. - Banknote...

The London Metal Exchange ( LME) will require the LMEregistered warehouses to report offwarrant metals stocks day-to-day rather than month-to-month from Feb. 10, it stated on Tuesday. The move will boost openness of these stocks, basically LME-branded metals held within an LME-registered shed that might be put on an LME warrant - title file that confer ownership - in the future. The modification in reporting frequency follows reforms that the LME, the world's largest and earliest online forum for trading metals including copper, aluminium, zinc, lead and nickel, started introducing 5 years back. Before these reforms, warehouses just reported inventories...

Physical gold was cost a discount in India for the very first time in 6 weeks, as a weaker rupee drove up costs and in turn moderated demand, while top consumer China saw seasonally sluggish demand. Domestic prices in India rose to 76,800 rupees per 10 grams on Friday after falling to 74,852 rupees earlier last week. Jewellers were not making purchases as the rupee fell to a. record low, making imports a lot more pricey, stated a. Mumbai-based dealership with a personal bullion importing bank. The rupee dropped to a life time low of 84.7575. versus the U.S. dollar...

The London Metal Exchange ( LME) has actually authorized the application of a British arm of U.S. broker Clear Street for Category 1 membership, providing it access to the LME's openoutcry trading flooring, the LME said on Wednesday. Clear Street joining the LME floor trading takes the variety of dealing members on Europe's last open-outcry location back to eight after Societe Generale said in August it would leave the flooring. The arrival of a new member of the calibre of Clear Street demonstrates the LME's ability to provide a dynamic marketplace for industrial metals and our place at the centre...