Sharemont

Sharemont

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Sharemont
Sharemont
February 6, 2025 at 07:22 AM
*Good Morning ☕ Market News Update* Dive into the heart of the financial world with our latest Market News Update. Stay informed and one step ahead! Happy Trading! 🟢 Asia shares rose on Thursday, tracking gains on Wall Street following a see-saw session. The Nikkei 225 index is trading 0.1% higher at 38,888.04. The Hang Seng index has gained 0.6% to trade at 20,713.73, while the Kospi index is trading 0.7% higher at 2,526.95. US markets ended higher yesterday, as investors assessed a series of corporate earnings results. The S&P 500 index rose 0.4% to settle at 6,061.48, while the DJIA index advanced 0.7% to close at 44,873.28. The NASDAQ index climbed 0.2% to end the trading session at 19,692.33. All three major U.S. stock indexes closed in positive territory on Wednesday, but the tech-heavy Nasdaq's nominal gain was held in check by disappointing earnings from Alphabet (NASDAQ:GOOGL), which fuelled doubts about the payoff of investments in artificial intelligence. Traders weighed his comments against mixed U.S. economic data releases which showed a stronger-than-expected pick-up in ADP's private payrolls data but a surprise deceleration in the services sector. Record high imports also pushed the U.S. trade deficit sharply wider. The Bank of England announces its rate decision later on Thursday where it looks set to deliver a rate cut. In commodities, oil prices rose, steadying from a sell-off the previous day after Saudi Arabia's state oil company sharply raised March oil prices. U.S. crude edged 0.32% higher to $71.27 a barrel, while Brent crude rose 0.23% to $74.78. Gold resumed its rally to firm near a record peak and was last at $2,869.62 an ounce.

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