
Sharemont
May 30, 2025 at 06:36 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 – Friday, 30 May 2025
Asia: Asian markets declined on Friday as an appeals court temporarily reinstated U.S. tariffs, reversing the previous day's optimism. Japan's Nikkei 225 fell 1.1% to 38,022.62, Hong Kong's Hang Seng Index dropped 1.4%, and South Korea's Kospi lost 0.55%. China's Shanghai Composite slipped 0.32%, amid concerns over contracting manufacturing activity for a second consecutive month.
U.S.: On Thursday, U.S. stocks closed higher, driven by strong earnings from Nvidia. The Dow Jones Industrial Average rose 0.6% to 42,098.70, the S&P 500 gained 0.5% to 5,888.55, and the Nasdaq Composite added 0.5% to 19,100.94.
Oil: Brent crude oil prices edged lower, trading at $63.89 per barrel, down 0.41%. The decline is attributed to ongoing legal uncertainties surrounding U.S. tariffs and the anticipation of the upcoming OPEC+ supply decision.
Forex: The euro strengthened against the U.S. dollar, with the EUR/USD pair trading at 1.1371, up from 1.1234 the previous day.
Gold: Gold prices decreased, with spot gold trading at $3,295.45 per ounce, down from $3,315.53 the previous day.