Today's News Update - 29th April 2025
Asia
Asia-Pacific markets were mixed on Monday as investors focused on China’s economic policies and regional developments.
China's finance minister, Lan Fo’an, announced over the weekend that more proactive macroeconomic measures would be taken to support growth and global stability.
Mainland China’s CSI 300 fell 0.14%, Hong Kong's Hang Seng was flat, Japan's Nikkei 225 rose 0.38%, and Australia's S&P/ASX 200 gained 0.36%.
US
The S&P 500 edged up 0.06% on Monday, marking its fifth consecutive gain, as investors braced for a busy week of earnings and economic data. The Nasdaq fell 0.1%, while the Dow rose 114.09 points, or 0.28%. Traders are also awaiting progress on trade negotiations.
Commodity
Gold prices edged higher on Monday as bargain hunters entered the market, with attention on U.S.-China trade tensions and economic data.
Spot gold rose 0.6% to $3,338.28 an ounce, recovering from an earlier 1.8% drop. U.S. gold futures climbed 1.6% to $3,349.6.
Crude oil prices fell by about $1 a barrel as trade war concerns weighed on demand. Brent crude dropped $1.01, or 1.51%, to $65.86, while U.S. West Texas Intermediate crude lost 97 cents, or 1.54%, to $62.05.
The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion.
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