Recently, global markets have shown mixed movements, with rising oil and gold prices amid a weakening dollar. Attention focuses on stock performance in Asia and the US, as well as currency fluctuations.
Stock Dynamics in Asia and the US
Recent changes in stock markets have been mixed. The MSCI Asia-Pacific Index slightly increased, while Japan's Nikkei rose by 1.6%, reaching a four-month peak. However, South Korea's Kospi decreased by 1.07%, and Hong Kong's Hang Seng index also fell by 0.3%. The CSI 300 index remained mostly stable.
US Dollar Hits Three-Year Lows
Pressure on the US dollar intensified due to speculation about a possible replacement for Federal Reserve Chair Jerome Powell. This speculation drove the euro up to $1.6837, its strongest level since November 2021. The Swiss franc also firmed to a ten-year high, and the Japanese yen was up 0.3% to 144.815 per dollar. The dollar index hit its lowest level since March 2022, down approximately 10% so far this year, prompting investors to seek alternatives.
Oil and Gold Prices Rise
In energy markets, Brent crude futures nudged up 0.8% to $68.21 a barrel, while US West Texas Intermediate crude rose by 0.9% to $65.48, reflecting ongoing uncertainty in the Middle East. Gold prices also showed an increase, with spot gold up 0.1% to $3,336.02 per ounce, and US gold futures gaining 0.2% to $3,349.30.
Thus, global financial markets are displaying mixed movements, with rising oil and gold prices amid a weakening dollar and uncertainty in international relations.
