
Sharemont
February 12, 2025 at 06:46 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!
🟢 Asian markets are trading higher this morning, as investors assessed US President Donald Trump’s tariff impact.
The Nikkei 225 index is trading 0.2% higher at 38,863.82. The Hang Seng index has gained 1.7% to trade at 21,667.33, while the Kospi index is trading 0.3% higher at 2,545.90.
US markets ended mostly higher yesterday, driven by gains in shares of Coca-Cola and Apple while investors assessed comments from the US Federal Reserve (Fed) Chair Jerome Powell.
The S&P 500 index marginally rose to settle at 6,068.50, while the DJIA index advanced 0.3% to close at 44,593.65. The NASDAQ index eased 0.4% to end the trading session at 19,643.86
U.S. stock index futures held steady during Asian trading hours as investors assessed Federal Reserve Chair Jerome Powell’s remarks on interest rates ahead of key inflation data due later in the day.
U.S. Federal Reserve Chair Jerome Powell said on Tuesday that the Fed was in no hurry to make any further interest rate cuts, but stood ready to do so if inflation declined further or the job market weakened.
Investors were also wary of escalating trade tensions sparked by U.S. tariffs, which threatened to slow economic growth and disrupt supply chains across key industries.
Oil prices edged down on Wednesday as an industry report showed an increase in U.S. crude stockpiles and tariff worries weighed on sentiment, though stronger refining margins limited the market's downside.
Brent futures fell 25 cents, or 0.3%, to $76.75 a barrel by 0408 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 28 cents, or 0.4%, to $73.04 a barrel.