Japan's Nikkei 225 crosses 59,000 first the first time as central bank board picks fuel 'Takaichi trade'
CNBC
Asia-Pacific markets were poised to open higher on Thursday, tracking Wall Street gains as strong earnings from Nvidia and Oracle lifted investor sentiment.
Japan's Nikkei 225 hit another record Thursday fueled by "Takaichi trade," while the broader Asia-Pacific markets mostly climbed after tech stocks powered a Wall Street rally overnight.
The Nikkei 225 rose 1.1%, to an all-time high of 59,199.31, extending its winning streak of record highs to a third straight session. The broader Topix added 1.45%, also scaling a new peak.
On Wednesday, the Japanese government tapped Ayano Sato of Aoyama Gakuin University and Toichiro Asada of Chuo University as central bank board members, both dovish in their policy stance which aligns with Prime Minister Sanae Takaichi's approach as well.
Iran's new Supreme Leader Mojtaba Khamenei said in a late Thursday speech that the Strait of Hormuz, a vital artery for global oil trade, should remain shut.
European stocks are expected to open lower on Thursday as investors monitor the Iran war and global oil prices.
European stocks are expected to open flat on Wednesday, as traders monitor intensifying operations in the Middle East.
European stocks are set to rebound as traders continue to watch developments in the Middle East.
European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices.
Brent futures spiked 16.1% to last trade at $107.61, while U.S. West Texas Intermediate crude futures rose almost 17.7% to $107.02
Gold prices rose on Friday as investors sought safe-haven bullion on heightened uncertainty over a widening Middle East conflict.
Overnight, oil prices broke through the $80 per barrel mark, with Brent futures up 3.54% and last trading at $84.31.
European stocks are expected to open in mixed territory again on Thursday as markets following unsettling geopolitical developments in the Middle East.
European stocks are expected to open in mixed territory on Wednesday as markets continue to track developments in the Middle East.
European stocks are expected to open firmly in negative territory Tuesday as the geopolitical crisis in the Middle East continues to weigh on market sentiment.
Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-haven assets amid an escalating U.S. and Israeli air war against Iran.
The yen and euro were lower on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports.