Asian Stocks Reach All-Time Highs as the Tech Rally Persists
With investors hoarding tech shares and dismissing concerns about Venezuela, Asian stocks recently reached all-time highs. The MSCI Asia index jumped 1.7%—that’s one of the best openings to a year since 2012. Chipmakers like Samsung Electronics and TSMC led the charge, soaring higher. Emerging market stocks broke records, too, and futures for US and European […]
EUR/JPY Slips as Venezuela Crisis Sparks Rush for Safe Havens
Early on Monday in Europe, EUR/JPY fell to 183.50. The decline coincided with an increase in the value of the Japanese yen; tensions in Venezuela erupted following reports that President Nicolás Maduro and his wife had been detained by US forces over the weekend. Markets are always shaken by such news. Concerned about the future, […]
Gold Prices Stay Above $4,400 as Global Tensions Heat Up
Gold prices refuse to drop below $4,400. Investors bid up the price of gold at the week’s start, seeking safety as the world became a bit messier. The main driver? Geopolitical tension—lots of it. The weekend brought a blast of news about US military action in Venezuela and the arrest of President Nicolás Maduro. That alone rattled markets. […]