Today's News Update - 7th Feb 2025
Asia
Asia-Pacific markets mostly rose on Thursday, following Wall Street’s gains despite trade disruptions and weak U.S. tech earnings.
Australia’s S&P/ASX 200 gained 1.23%, Japan’s Nikkei 225 rose 0.61%, and South Korea’s Kospi climbed 1.1%. Hong Kong’s Hang Seng Index increased 1.04%, while Mainland China’s CSI 300 added 1.26%.
US
The S&P 500 edged lower on Thursday following two consecutive days of gains, as investors evaluated the latest corporate earnings.
The broad market index decreased by 0.1%, with the Nasdaq Composite staying close to unchanged. In contrast, the Dow Jones Industrial Average fell by 332 points, or 0.7%.
Commodity
Gold prices fell 1% on Thursday as the dollar strengthened and investors took profits. Spot gold dropped to $2,849.89, while U.S. futures fell to $2,875.
Oil prices also declined amid oversupply concerns, with Brent crude at $74.18 and U.S. WTI at $70.50.
The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion.
#Forex #trading #tradingforex
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