Stocks in Asia climbed for a third day after bullish momentum lifted shares on Wall Street, indicating that a much-expected year-end rally was taking hold. The yen strengthened. MSCI Inc.’s gauge of Asia Pacific stocks rose 0.6% on Tuesday after a global index set a fresh closing record. US futures were steady after the S&P 500 added 0.6% overnight. In commodities, gold advanced to yet another all-time high — the 50th day it’s broken records this year. Silver also hit a new peak. The Japanese yen remained a key focus for currency traders, rising for a second day to strengthen past the 157-per dollar level. That was after Finance Minister Satsuki Katayama said in an interview the nation has a “free hand” to take bold action against currency moves. The comments were her strongest warning yet to speculators following the yen’s weakening to as much as 157.78 even after the central bank hiked interest rates on Friday. Yen’s rebound was also aided by the euro’s strength, while a broad gauge of the dollar dropped further following a 0.4% decline on Monday. The upbeat mood among equity investors helped the S&P 500 erase December losses overnight and put it on course for an eighth straight month of gains, which would mark the longest winning run since 2018. Tesla Inc. and Nvidia Corp. led megacaps higher. After another strong year for stocks, the big question is whether investors will carry that positive mood into 2026. Positioning in equities is rising and fund managers are maintaining record low levels of cash. Their expectations of a further rally are outweighing concerns over rich tech valuations. The Federal Reserve path is also being closely watched, with two rate cuts priced for next year. Fed Governor Stephen Miran told Bloomberg Television the central bank risks sparking a recession unless it continues lowering rates next year. Chinese stocks underperformed in Asia after they were downgraded by strategists at Citigroup Inc., who cited less favorable earnings revisions and a lackluster macro outlook. The team upgraded Taiwan to overweight from neutral, citing its deep links to global AI supply chains. Separately, the US Federal Communications Commission said it would ban most foreign-made drones and critical components for unmanned aircraft systems going forward, a day ahead of a deadline for adding Chinese drone-maker SZ DJI Technology Co. to the agency’s so-called covered entity list.
Elsewhere, oil steadied after a four-day run of gains as the US continued its blockade of shipments of crude from Venezuela. Brent was near $62 a barrel after rising about 5% over the previous four sessions while West Texas Intermediate was close to $58. The US has taken control of two tankers and is in pursuit of a third, as Washington intensifies pressure on the government of Nicolas Maduro. US After Hours ZIM +13.7% following updates on ongoing strategic review; PSN +5.6% nicely higher SHIELD contract; NBIX -1% after Phase 3 study did not meet primary endpoints.
Nikkei +0.01% Hang Seng -0.23% CSI +0.05% Shanghai -0.07% Shenzen -0.24%
Eur$ 1.1779 CNH 7.0205 CNY 7.0283 JPY 156 GBP 1.3490 CHF 0.7895 RUB 78.5679 TRY 42.8216 WTI$ 57.90 -0.19% Gold 4,486 +0.94% BTC 88,040 -0.24% ETH 2,986 +0.1% SOL 125.5027 +0.37%
S&P -0.10% Nasdaq -0.12% EuroStoxx +0.03% FTSE -0.11% Dax +0.03% SMI +0.03%
Macro :
- Europe Car Sales Rise in November as Budget EVs Lure Consumers
- BofA’s Moynihan Says AI’s Economic Benefit Is ‘Kicking In More’
- BofA’s Moynihan Says AI’s Economic Benefit Is ‘Kicking In More’
- Quantum-Computing Stocks Soar, With D-Wave Jumping More Than 20%
- Cheng Family to Seek Sale of London Rosewood as Pressures Mount
- VIX Divergence With Gold and Silver Is Complacency Warning
- Canadian Stocks Gauge Hits 32,000 for First Time as Gold Rallies
- Goldman Sachs Group Inc. is planning to expand its acquisitions and investments in Japan’s booming corporate deals market over the next decade by about ¥800 billion ($5.1 billion), with a focus on mid-sized firms.
- Citigroup Inc. will further increase its investment banking team in Japan to capitalize on a record-breaking boom in mergers and acquisitions that it expects to reach new heights.
- Huawei Technologies Co.’s ultra-luxury Maextro S800 sedan is so popular in China nowadays, it’s outselling Porsche AG’s Panamera, Mercedes-Benz Group AG’s S-Class and all other vehicles with sticker prices of at least $100,000.
Keep an eye on :
- ALO FP : Alstom Wins €393 Million Train Supply Contract in Greece
- AZM IM : Azimut’s Ali Sgr Gets 8% of Maire Unit NextChem: Sole
- COIN US : Coinbase Acquires The Clearing Company in Prediction Market Push
- DOV IM : DoValue Starts Fund Focused on State-Guaranteed Loans
- ETHZ US : Thiel-Backed Crypto Hoarder ETHZilla Sells Tokens to Pay Debt
- GOOGL US : First Solar Shares Rally Along With Alphabet’s Clean Energy Deal
- ISS DC : ISS Renews Contract With New South Wales Department of Education
- MBG GY : Mercedes Agrees to Pay $120 Million to Settle US Diesel Claims
- MBG GY : Mercedes Agrees to Pay $120 Million to Settle US Diesel Claims
- NBIX US : Neurocrine’s Phase 3 Study of Valbenazine Did Not Meet Endpoints
- NOVOB DC : Novo Nordisk Gets US Approval for Wegovy Obesity Pill
- NVDA US : Nvidia H200 China Sales Information Demanded by Warren, Meeks
- RANA NO : Champion Iron Shares Gain on Pact to Buy Miner Rana Gruber
- RYA ID : Ryanair Climbs Past No-Thrills Peers With Tight Cost Control
- SAN FP : Sanofi’s, Regeneron’s Dupixent Approved in Japan for Children
- TTALO FH : Terveystalo Buys Hohde Group at €88m Enterprise Value
- TSLA US : Tesla 4Q25 Delivery Forecast Trimmed by UBS, Sees Low US Sales
- TSLA US : Elon Musk Demanded Tesla’s Electric Doors Despite Safety Worries
- 2202 HK : Vanke Reprieve Still Leaves $1.3 Billion of Dollar Debt at Risk
- xAI : xAI Partners With Pentagon to Expand US AI Platform
- 1810 HK : Xiaomi Says It Has No Ties With Chinese Military
- ZIM US : Zim Gains as the Shipping Firm Continues to Evaluate Offers