Today's News Update - 7th Jan 2025 Asia Asia-Pacific markets mostly dropped on Monday as investors evaluated economic data. China’s Caixin services PMI rose to 52.2, while Hong Kong’s PMI declined. India’s service PMI beat expectations but still missed forecasts. Hong Kong’s Hang Seng fell 0.48%, China’s CSI 300 dropped 0.16%, and Japan’s Nikkei 225 lost 1.47%. Australia’s S&P/ASX 200 ended near flat at 8,257.4. US The S&P 500 and Nasdaq Composite both gained on Monday as Wall Street rebounded from a tough week, with chipmakers driving the rally. The S&P 500 rose 0.5%, while the Nasdaq Composite gained 1.1%. The Dow Jones Industrial Average underperformed, climbing just 33 points, or nearly 0.1%, after earlier surging by as much as 383 points. Commodity Gold prices fell on Monday as rising U.S. Treasury yields offset support from a weaker U.S. dollar. The Federal Reserve’s indication of slower rate cuts in 2025 kept investors awaiting key economic data this week for further guidance. Spot gold dropped 0.2% to $2,634.27, while U.S. gold futures fell 0.4% to $2,645.50. Oil prices slipped about 1% amid weak economic data from the U.S. and Germany. After earlier gains, Brent futures dropped 35 cents to $76.16 a barrel, and U.S. WTI crude fell 56 cents to $73.40. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex