Renton Campoy

Jan 16, 2025 | globalrubbermarkets.com | Renton Campoy

TOKYO: Japan’s Nikkei share average climbed on Thursday, tracking a rally on Wall Street amid robust US bank earnings and a cooling in core consumer inflation. The Nikkei added 0.28% to 38,551.96 as of the midday recess, setting it up to snap a five-day losing streak. However, gains were capped by a rallying yen as traders ramped up bets that the Bank of Japan (BOJ) will raise interest rates at its policy meeting next week. The broader Topix index was flat.

Jan 16, 2025 | globalrubbermarkets.com | Renton Campoy

Indian shares opened higher on Thursday, tracking other Asian peers, after underlying US inflation softened in December, raising hopes for further easing by the Federal Reserve. The Nifty 50 was up 0.53% at 23,340.3 points as of 9:15 a.m. IST, while the BSE Sensex added 0.58% to 77,146.82. All the 13 major sectors advanced at the open. The broader, more domestically focussed smallcaps and midcaps rose about 1.3% each.

Jan 15, 2025 | globalrubbermarkets.com | Renton Campoy

SINGAPORE/NEW YORK: Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core U.S. inflation kept potential rate cuts by the Federal Reserve on the table, while the yen rose to a one-month high on rate hike bets. Oil prices rose after a larger-than-expected decline in U.S. crude oil stockpiles added to concerns about possible supply disruptions from new U.S. sanctions on Russian energy trade.

Jan 15, 2025 | globalrubbermarkets.com | Renton Campoy

KARACHI: Gold prices regained a huge ground on Wednesday, as the global bullion rates neared $2,700 per ounce, traders said. After shooting up by Rs2, 900 and Rs2, 487, gold prices reached Rs280,800 per tola and Rs240,741 per 10 grams, respectively, All Pakistan Sarafa Gems and Jewellers Association said. On the world market, gold bullion value grew by $29, trading at $2,690 per ounce while silver was selling for $30 per ounce.

Jan 15, 2025 | globalrubbermarkets.com | Renton Campoy

SINGAPORE: Japanese rubber futures climbed for the fifth consecutive session on Wednesday to their highest in more than two-and-a-half months, aided by global supply concerns and improving market sentiment in top consumer China. The June Osaka Exchange (OSE) rubber contract closed up 7.6 yen, or 2.02%, at 383.8 yen ($2.44) per kg. Earlier in the session, the contract touched its highest point since Oct. 25 at 386 yen.