Global markets displayed mixed performance as investors navigated uncertainty at the close of a shortened trading week. Wall Street futures trended upward following modest declines in major indexes the previous day. European markets showed slight dips, while Asian markets presented varied results. Oil prices remained stable, poised for weekly gains driven by expectations of Chinese economic stimulus and lower U.S. interest rates. Gold prices held steady near recent highs.
Global markets were mixed as investors searched for direction at the end of a holiday-shortened trading week.
In Asia, Japan’s Nikkei remained on a holiday break, while Hong Kong’s Hang Seng closed 0.7 per cent higher.Oil prices were flat and poised for weekly gains after closing at their highest in more than two months yesterday, underpinned by expectations of further economic stimulus in China and lower U.S. interest rates.
“As China’s economic trajectory is poised to play a pivotal role in 2025, hopes are pinned on government stimulus measures to drive increased consumption and bolster oil demand growth in the months ahead,” said StoneX analyst Alex Hodes.
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