Today's News Update - 9th Jan 2025 Asia Asia-Pacific markets were mixed on Wednesday, following Wall Street declines driven by rising Treasury yields and falling U.S. tech stocks. Hong Kong's Hang Seng Index dropped 0.83%, China's CSI 300 fell 0.18%, and the yuan hit a 16-month low of 7.3316 against the dollar. Japan's Nikkei 225 lost 0.26%, while Australia's S&P/ASX 200 rose 0.77%. US Stocks remained largely unchanged on Wednesday as investors weighed the likelihood of future Federal Reserve rate cuts in the face of ongoing inflation concerns. The Dow Jones Industrial Average rose by 11 points, or less than 0.1%. The S&P 500 gained a fraction of a percent, while the Nasdaq Composite dipped roughly 0.1%. All three major indices are still on track for a second consecutive weekly decline. Commodity Gold prices rose on Wednesday, reaching a near four-week high after a weaker-than-expected December jobs report fueled hopes the Fed may ease rates this year. Spot gold climbed 0.4% to $2,659.16, while U.S. gold futures gained 0.4% to $2,676.90. Oil prices fell over 1% as a stronger dollar and a rise in U.S. fuel inventories pressured prices. Brent crude dropped 1.05% to $73.47, while U.S. West Texas Intermediate crude also declined 1.05% to $73.47. 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