
Sharemont
May 28, 2025 at 06:55 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!
📊 Market Update – Wednesday, 28 May 2025
Asia: Asian markets opened higher today, buoyed by positive momentum from Wall Street. Japan's Nikkei 225 rose by 0.52%, and South Korea's Kospi gained 1.94%. However, Hong Kong's Hang Seng Index declined by 0.53% amid ongoing concerns over U.S.-China trade tensions.
U.S. On Tuesday, U.S. markets rallied following President Trump's decision to delay a 50% tariff on European Union imports until July. The Dow Jones Industrial Average climbed 740.58 points (1.8%) to 42,343.65, the S&P 500 increased by 2% to 5,921.54, and the Nasdaq Composite rose by 2.4%.
Oil: Brent crude oil prices edged higher to $64.39 per barrel, reflecting a 0.3% increase. The uptick is attributed to easing trade tensions and expectations of stable demand.
Forex: The euro weakened against the U.S. dollar, with the EUR/USD pair trading at 1.1309, down 0.17% from the previous session.
Gold: Gold prices experienced a slight decline, with spot gold trading at $3,303.20 per ounce, down from $3,309.02 the previous day.