Live Updates > Live Update Details
2025-10-31 18:01:05
[Divergence Behind Global Stock Markets' Seven-Month Rally: Tech Boom vs. Asian Sentiment] ⑴ Global stocks are on track for their seventh consecutive monthly gain on Friday, while the dollar index hovers near a three-month high. ⑵ Strong earnings reports from Amazon and Apple reinforced global tech optimism, with markets anticipating massive AI spending that will ultimately boost economic growth. ⑶ Nasdaq futures surged 1.1%, and S&P 500 futures rose 0.6%, as Amazon's better-than-expected earnings drove its pre-market share price up more than 11%. ⑷ Apple's shares rose more than 2% on forecasts of strong iPhone sales, offsetting plunges in Meta and Microsoft due to concerns about surging AI spending. ⑸ Japan's Nikkei index jumped more than 2% on Friday, bringing its monthly gain to 16.4%, its best monthly performance since 1990, mainly driven by expectations of stimulus policies from the new prime minister. ⑹ Hong Kong's Hang Seng Index fell by about 1.5%. ⑺ Despite the Federal Reserve chairman's dismissal of market optimism about a December rate cut, US Treasuries and European government bonds remained stable on Friday. (8) The US dollar index remained near a three-month high of 99.5, the euro was flat against the dollar at 1.1569, and the European Central Bank kept interest rates unchanged at 2% for the third consecutive time. (9) In the commodities market, oil prices fell for the third consecutive month, with Brent crude futures down 0.9% to $64.55 per barrel. (10) Spot gold prices fell 0.3% to $4,008 per ounce, a significant drop from the record high of $4,381 reached last week.
