Monday’s Market Update | 27-Jan-2025
Markets are buzzing with opportunities! Let’s have a look at the pulse!
• Metals: Gold prices increased by 1.00%, reaching $2,781.66/oz, driven by safe-haven demand amid U.S.-China uncertainties.
• Forex:
- USD/JPY rose to 156.00 (+0.19%), recovering intraday losses on dollar strength.
- EUR/USD dropped by 0.33% to 1.0843, impacted by a stronger dollar.
- GBP/USD declined by 0.26% to 1.21977 due to ongoing trade uncertainties.
• Stocks:
- Nikkei 225 slipped 0.14%, closing at 39,817.74, with chip stocks leading the decline.
- Hang Seng Index climbed 0.89% to 20,249.51, supported by China’s 11% industrial profit growth in December.
- CSI 300 rose 0.28% to 3,262.36, buoyed by China’s ETF policy initiatives.
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