Equities were a touch weaker on the final trading day of 2025, trimming some of the gains that have powered global stocks to a third annual advance. Asian shares edged lower on Wednesday and equity-index futures for the S&P 500 and the Nasdaq 100 indexes both fell 0.1%. That was after the underlying gauges retreated in New York on Tuesday. Trading is relatively light as a number of markets are already shut for the year, including Japan and South Korea. Silver plunged 6%, while gold edged up. The MSCI All Country World Index — one of the broadest measures of the equity market — has still risen 21% this year, supported by Federal Reserve interest-rate cuts and enthusiasm over artificial intelligence. Silver outperformed most assets, surging 150%. Asian equities are primed for their best year since 2017. Precious metals have had a bumper year, with gold and silver both set for their best annual jump since 1979. Bitcoin, however, was poised for its second annual decline in four years. A Bloomberg gauge of the dollar slumped 8.1% this year, the biggest drop since 2017. Equities climbed to all-time highs in 2025 as optimism over economic growth, corporate earnings and a looser monetary policy helped markets rebound from an April slump that was triggered by President Donald Trump’s tariffs. Still, heading into 2026, investors face elevated valuations and growing divisions among policymakers over the scope for further easing, as evidenced by the minutes of the Fed’s December meeting published Tuesday. This year, investors bet big on shifting politics, bloated balance sheets and fragile narratives, fueling outsized stock rallies, crowded yield trades, and crypto strategies built on leverage, hope, and not much else. Trump’s White House return quickly sank — and then revived — financial markets across the world, lit a fire under European defense stocks, and emboldened speculators fanning mania after mania. Some positions paid off spectacularly. Others misfired when momentum reversed, financing dried up or leverage cut the wrong way. Elsewhere, oil headed for its deepest annual loss since the pandemic in 2020, with prices undermined by concerns about a punishing surplus that’s set to dominate market sentiment and trading into the new year. In Asia, currency moves have gained a lot of attention recently, with the onshore yuan gaining past the widely watched 7-per-dollar level on Tuesday for the first time since 2023. On Wednesday, President Xi Jinping said China hit its main economic goals this year. Investors have at least one reason to be optimistic heading into the new year. MSCI’s gauge for global stocks has climbed an average 1.4% in January over the last 10 years and advanced in six of those instances, data compiled by Bloomberg showed. US After Hours Quiet after hours session; KRMD +5.1% higher on 510k submission; NKE +1.6% CEO bought shares.
Nikkei closed Hang Seng -0.87% CSI -0.40% Shanghai +0.09% Shenzen -0.23%
Eur$ 1.1736 CNH 6.9847 CNY 6.9888 JPY 156.62 GBP 1.3456 CHF 0.7928 RUB 79.4311 TRY 42.9655 WTI$ 57.90 -0.09% Gold 4,306 -0.65% Silver 70.9955 -8% BTC 88,421 +0.30% ETH 2,974 +0.30% SOL 125.84 +1.56%
S&P -0.21% Nasdaq -0.30% EuroStoxx Closed FTSE -0.25% Dax Closed SMI Closed
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Keep an eye on :
Keep an eye on :
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