US EditionAsian Stocks Rise on AI Sentiment, Dollar Near 3-Month High
Asian stocks climbed 0.2% on investor optimism after strong AI spending in megacap earnings while the US dollar stayed near a three-month peak amid Fed hawkishness.
- On Monday, MSCI's broadest index of Asia‑Pacific shares outside Japan rose 0.2 per cent to 726.98, while the US dollar held near a three‑month high after Fed policymakers' hawkish comments.
- Megacap earnings showing AI spending have put tech firms in the spotlight, with Advanced Micro Devices, Qualcomm and Palantir Technologies reporting this week and McDonald's and Uber next week.
- Currencies showed mixed moves as commodities shifted: sterling eased to $1.3134, gold was 0.4 at $985.35, and Brent crude rose to $65.10.
- Fed officials voiced discomfort over the recent rate cut as traders now price a 68 per cent chance of a December cut, while the US government shutdown delays job openings and nonfarm payrolls data.
- Amid lingering doubts over the trade truce, Goldman Sachs strategists say, 'We continue to think that the motivation for the rate cuts is consistent with our premise for further dollar downside,' while Tony Sycamore highlights focus on ADP and ISM employment data.
12 Articles
12 Articles
Asian Stocks Climb on AI Boom, Dollar Holds Firm After Fed Hawk Talk
Asian markets rose on Monday, buoyed by optimism around artificial intelligence spending and a U.S.-China trade truce, while the U.S. dollar hovered near a three-month high following hawkish remarks from Federal Reserve officials.MSCI’s Asia-Pacific index gained 0.35%, staying close to its recent 4½-year high, while Hong Kong’s Hang Seng rose 0.3%. However, China’s blue-chip CSI300 […] The post Asian Stocks Climb on AI Boom, Dollar Holds Firm Af…
Channel News Asia
MoneycontrolAsian stocks rise on AI sentiment, dollar near 3-month high
SINGAPORE: Asian stocks rose on Monday (Nov 3) as investors weighed last week's megacap earnings showing significant spending on artificial intelligence, while the dollar held near a three-month high after hawkish comments from Federal Reserve policymakers.Gold prices fell, edging further away from the record
Asian Stocks Surge Amid AI Spending Hype
Asian Stocks Surge Amid AI Spending Hype Asian stocks rallied on Monday as investors evaluated last week's significant earnings reports, emphasizing considerable investments in artificial intelligence. Meanwhile, the dollar maintained strength, buoyed by hawkish sentiments from Federal Reserve policymakers, further propelling market dynamics.Despite a fall in gold prices from last month's record highs, oil prices saw an uptick after OPEC+ decide…
Asian Stocks Rise on AI Sentiment, Dollar Near 3-Month High
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
