US stock futures edged lower on Monday as investors geared up for a busy stretch of economic data and corporate earnings, following a turbulent week that ended with the Dow reaching a record close above 50,000. Dow Jones Industrial Average futures (YM=F) slipped 0.1% after wavering between small gains and losses. Contracts on the S&P 500 (ES=F) fell roughly 0.3%, and the tech-heavy Nasdaq 100 dropped 0.5% (NQ=F). On Friday, the Dow (^DJI) surged more than 1,200 points, or 2.5%, notching its first-ever c ...

The dollar index (DXY00) on Friday fell by -0.19%.  Friday's sharp rally in equity markets has reduced liquidity demand for the dollar.  The dollar is also being pressured by some negative carryover from Thursday, when weaker-than-expected US labor market news boosted the chance of a Fed rate cut at next month's FOMC meeting to 19% from 8% on Wednesday.  Losses in the dollar were limited from hawkish Fed commentary and after the University of Michigan US Feb consumer sentiment index unexpectedly rose to a ...

Silver fell sharply, at one point wiping out its two-day recovery, as the white metal struggled to find a floor following a historic market rout.Spot silver plunged as much as 17% toward $73 an ounce during the Asian trading session, before paring losses to about 11% mid-morning in Europe. After a record-breaking rally that appeared to run too hot, the metal has retreated by more than a third from an all-time high last week. A rebound of the dollar triggered the unwinding of bullish positions last week and ...

Group 1 - European stocks are expected to open flat to lower, with the U.K.'s FTSE and Germany's DAX projected to decline by 0.25% [1] - A busy day of earnings reports in Europe includes major companies such as Shell, BBVA, BNP Paribas, and BMW among others [2] - The European Central Bank and Bank of England are set to publish their monetary policy decisions, with no changes expected to current interest rates [2] Group 2 - Global markets have faced turbulence, with Wall Street experiencing a second consecutive day of losses, particularly in software stocks [3] - S&P 500 futures rose following corporate earnings reports, including results from Alphabet, with Amazon's quarterly results expected soon [3] - In Asia-Pacific markets, South Korean stocks led declines, reflecting the tech sell-off trends from Wall Street [3] Group 3 - Data releases in Europe include German factory orders, French industrial production, and EU retail sales [4]

Core Viewpoint - Precious metals, particularly silver and gold, experienced significant declines, with silver plunging nearly 17% and gold dropping over 3%, largely due to a strengthening dollar and easing geopolitical tensions [1][2][3]. Market Impact - Indian markets were heavily affected, with MCX silver March futures falling over 8% and MCX gold trading 1% lower. Equity markets also suffered, with Axis Silver ETF collapsing by up to 21% and Nippon India Silver ETF dropping 13% [2][14]. Reasons for Price Decline - **Strengthening Dollar**: The dollar reached a near two-week high, making dollar-priced gold more expensive for foreign currency holders, thus reducing demand for precious metals [3][14]. - **Geopolitical Easing**: Reduced tensions, particularly between the US and Iran, diminished gold's appeal as a safe-haven asset [6][14]. - **US-China Relations**: A positive phone call between US President Trump and Chinese President Xi Jinping alleviated concerns about escalating economic tensions, further dampening demand for safe-haven assets [8][14]. Analyst Perspectives - Some analysts view the selloff as a healthy consolidation rather than a trend reversal, suggesting that the broader uptrend for gold remains intact despite recent volatility [10][15]. - Others express caution, indicating that the decline in silver and other metals may continue, with MCX Silver March prices expected to drop to ₹235,000/kg amid weak international trends [11][15]. Tactical Guidance - Recommendations include buying gold above ₹154,000 with a target of ₹156,800-₹158,500 and silver above ₹270,000 with a target of ₹278,000-₹284,000, indicating potential recovery points [12][15]. - Analysts from Standard Chartered expect continued volatility in gold prices until there is more certainty regarding monetary policy, while structural drivers for precious metals remain intact [13][15].

Spot silver tumbled as much as 16.6% on Thursday, having briefly recovered above $90 an ounce in early Asian trading. Meanwhile, spot gold dropped as much as 3.5% in choppy trading.“Sentiment seems to have turned soggy across most asset classes, including regional equities and metals,” said Christopher Wong, a strategist at Oversea-Chinese Banking Corp Ltd. “This underscores fragile sentiment” and has created “a feedback loop amid thin market liquidity,” he said. Precious metals soared last month in a rall ...

The report stated that, despite earlier policy-rate easing, the central bank will hold rates this time, as several macroeconomic and global factors continue to pose challenges.It noted that government bond yields have shown persistent hardening in recent periods, even after policy rate easing.According to the report, the effectiveness of This, it said, could limit the transmission of monetary policy actions, so Live EventsYou Might Also Like:Government borrowing will be the decider factor in whether MPC ca ...

Bitcoin fell to its lowest level since the post election rally before recovering after U.S. lawmakers approved a short term government funding package, easing immediate shutdown risk but leaving markets cautious. Bitcoin dipped to about $72,900 before rebounding as the U.S. House narrowly passed a $1.2 trillion funding bill that ended a partial government shutdown, according to market commentary published Tuesday by QCP Capital. The move reduced near term political uncertainty and helped stabilize prices ...

Group 1: Market Reactions - An index fund tracking Indian shares, the $9.4 billion iShares MSCI India ETF, experienced its largest gain since May, attributed to a trade deal with the US that will lower tariffs on Indian goods from 25% to 18% [1] - MSCI's gauge for developing-nation equities fell by as much as 2.9%, marking the most significant decline since April, while South Korean stocks saw a notable drop with the Kospi index down 5.3% [2] - The overall market selloff was influenced by a dramatic decline in various asset classes, including global equities and precious metals, following President Trump's nomination of Kevin Warsh to lead the Federal Reserve, which strengthened the dollar [3] Group 2: Currency and Bond Markets - MSCI's gauge for currencies decreased by approximately 0.4%, with the South Korean won underperforming, while Latin American currencies, particularly the Colombian peso, outperformed after a 100-basis point rate hike by the Colombian central bank [4] - Morgan Stanley strategists indicated that Trump's nomination of Warsh does not signify the end of the rally in emerging-market currencies and local bond markets, suggesting that investors should consider buying dips due to solid fundamentals [6] - Poland is planning a return to the Japanese bond market with a multi-tranche Samurai issue to meet its increasing borrowing needs, while Argentina is opting not to sell bonds in global markets due to access to alternative funding sources at lower interest rates [8]

Core Insights - Gold and silver experienced significant price fluctuations, with gold falling as much as 6.3% and silver dropping to around $75 an ounce after reaching record highs [1][2] - The recent selloff was triggered by the nomination of Kevin Warsh to lead the Federal Reserve, which strengthened the dollar and negatively impacted precious metals [3] - A crowded trade in precious metals, driven by geopolitical concerns and speculative buying, has led to extreme volatility and risk in the market [2][4] Price Movements - As of 9:21 a.m. Singapore time, gold was priced at $4,680.76 an ounce, down 4.4%, while silver declined 2.2% to $83.2965 [5] - The Bloomberg Dollar Spot Index rose 0.1% after a previous gain of 0.9%, indicating a stronger dollar [5] Market Dynamics - The surge in precious metal prices over the past year was fueled by concerns over geopolitical instability and currency debasement, with significant buying from Chinese speculators [2] - The market's volatility was exacerbated by a record wave of call option purchases, which created upward price momentum as sellers hedged their positions [4]