Global stocks climbed as investors bet on a strong finish to the year for markets following a rally in US shares on Friday. The MSCI All Country World Index — one of the broadest measures of the equity market — rose for a third day and was headed for its highest close since Dec. 11. It is up about 20% in 2025. A gauge of Asian stocks jumped as much as 1.1%, led by tech, while US futures also advanced. Commodity markets were in the spotlight, with gold and silver hitting record highs and oil gaining amid heightened geopolitical tensions as US President Donald Trump intensified a blockade on Venezuela. Copper also reached a new peak. In Japan, bond yields rose to multi-year highs following Friday’s rate hike, while the yen strengthened after the nation’s chief currency official sent a warning on recent moves. Hopes for a year-end rally in equities grew as dip buyers late last week helped US stocks recover from a slide driven by doubts over AI exuberance and the scope for Federal Reserve easing. The S&P 500 Index added 0.9% on Friday in a second day of gains, wiping out the week’s loss as volumes spiked during a quarterly options and futures expiry, and as traders positioned for gains into 2026. Precious metals rallied, with their haven appeal boosted by geopolitical tensions and expectations of more Fed rate cuts. Looser monetary policy is a tailwind for gold and silver, which don’t pay interest. Spot gold strengthened more than 1% to surpass the previous record of $4,381 an ounce set in October. Silver also climbed to a record and platinum advanced for an eighth straight session. Brent climbed to around $61 a barrel with US forces boarding one tanker and pursuing another one near Venezuela within weeks of first capturing a vessel. Washington has been stepping up pressure on Venezuela’s government, with Trump aiming to choke off its key revenue stream. Copper approached $12,000 a ton at the tail end of a momentous year dominated by trade turmoil, tight supply and optimism for long-term demand. The metal is on track for its biggest annual gain since 2009. Japanese markets remained in focus after the central bank raised its benchmark interest rate to the highest in 30 years on Friday. Bank of Japan Governor Kazuo Ueda chose to keep his options open rather than bolster the yen, delivering a cautious rate hike that left the currency sliding toward levels which have triggered intervention in the past.
The yen, which had weakened to as much as 157.78 per dollar, found some strength on Monday as Atsushi Mimura, the nation’s chief currency official, said he was “deeply concerned” about what he termed as “one-directional, sudden moves,” especially after the monetary policy meeting. “We’d like to take appropriate responses against excessive moves,” Mimura told reporters. Meanwhile, Japan’s benchmark 10-year yield climbed 7.5 basis points to 2.095%, a level unseen since February 1999. The two-year yield, which is sensitive to monetary policy expectations, rose to the highest since 1997. Treasuries also fell ahead of a two-year auction while a gauge of the dollar edged lower. Elsewhere, China’s commercial banks kept the one-and five-year loan prime rates unchanged, as expectations grow that the People’s Bank of China may ease policy next year. In terms of data, UK and US growth readings are due this week, as well as minutes from the Reserve Bank of Australia’s December policy meeting which may give clues to whether it could hike in February. In Japan, Tokyo inflation as well as national jobs data are due, which may help traders assess the outlook for BOJ’s policy.
Nikkei +1.79% Hang Seng +0.08% CSI +0.89% Shanghai +0.67% Shenzen +1.20%
Eur$ 1.1717 CNH 7.0334 CNY 7.0406 JPY 157.35 GBP 1.3398 CHF 0.7948 RUB 80.0964 TRY 42.8165 WTI$ 57.15 +1.13% Gold 4,400 +1.42% BTC 88,808 0.74% ETH 3,028 +1.81% SOL 126.1690 +1.02%
S&P +0.28% Nasdaq +0.46% EuroStoxx -0.10% FTSE -0.08% Dax +0.03% SMI -0.15%
Macro :
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- Nine Drugmakers Strike Pricing Deals With Trump to Avoid Tariffs
Keep an eye on :
Keep an eye on :
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- ANTO LN : Chinese Copper Smelter, Antofagasta Agree to Zero Fee for 2006
- APO US : Apollo Builds up Cash as It Girds for Market Turbulence: FT
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- BPER IM : BPER, Trade Unions Sign Agreements on Generational Turnover
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- BA US : Boeing Asks FAA to Waive Emissions Rule For 777 Freighter
- BW NO : Carlyle in Talks to Buy BW Offshore
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- CWAN US : Permira, Warburg Near $8.4 Billion Clearwater Analytics Deal
- CYTK US : Cytokinetics Up on FDA Nod for MYQORZO for Obstructive HCM
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- Golden Goose : Golden Goose Sneakers Sold by Permira to Chinese Firm HSG
- GOOGL US : Waymos Froze, Blocked Traffic During San Francisco Power Outage
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- ICAD FP : Icade to Sell Marignan Building in Paris for €402M
- IBKR US : Interactive Brokers Applies for National Trust Bank Charter
- IPN FP : Ipsen Gets Exclusive Global Rights to Simcere Zaiming’s SIM061
- JNJ US : Law Firm Says Jury Delivers $65.5M Verdict Against J&J
- LAZR US : Luminar Technologies to be Delisted From Nasdaq --> -39%
- Moore Threads Tech - 688795 CH : Ex-Nvidia Billionaire Unveils New AI Chips After China IPO Debut
- MOWI NO : Mowi Enters Into Strategic Feed Pact With Skretting/Nutreco
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- NVDQ US : FTC Allows Nvidia, Intel to Finalize Their Deal
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- RIO LN : Monadelphous Notice of Award for Pact at Brockman Mine Hub
- ROG SW : FDA Approves Roche’s Subcutaneous Lunsumio Velo for Blood Cancer
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- SRE US : Sempra Cuts FY EPS Forecast, Guides to High End for Adj. EPS
- SKAB SS : Skanska Gets SEK1.1b Contract for San Jacinto Expressway Project
- TSLA US : Tesla Touts Post-Crash Door Safety Feature for Some of Its Cars
- TGS NO : TGS Agrees Supermajor Deal for Licensing of Imaging Anyware
- TRMDA DC : Torm, Frontline Queried By Senator in Fuel Smuggling Probe
- UBER US : Uber, Lyft Team Up With Baidu to Start Robotaxi Trials in UK
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- WRT1V FH : Wartsila to Divest its Gas Solutions Business to Mutares