Stocks, gold and copper surge worldwide, shaking off global political chaos

Stocks worldwide are pushing higher on Monday as traders react to a pile-up of global political messes and inflation ￰0￱ linked to the Dow Jones Industrial Average increased by 69 points, or 0.2%. The S&P 500 climbed by 0.2%, while the Nasdaq-100 advanced 0.4%, with all eyes on upcoming inflation data scheduled for release Wednesday and ￰1￱ today, China’s trade data was released, and it showed that exports in August surged by 4.4% from a year earlier in dollar terms, which is way below the 5.0% forecast by economists surveyed by ￰2￱ also missed expectations due to the ongoing housing crisis and rising unemployment concerns, both of which are dragging on consumer demand.

Asia’s market sees dramatic surge In the Asia-Pacific region, most markets ended higher despite growing ￰3￱ Prime Minister Shigeru Ishiba resigned over the weekend after sustained pressure following his party’s poor performance in last year’s national ￰4￱ reacted positively. Japan’s Nikkei 225 rose by 1.45% to close at 43,643.81, and the Topix added 1.06%, reaching a record 3,138.2. Meanwhile, the yen weakened 0.64% to 148.33 per dollar, while Japanese bonds sold off ￰5￱ yield on the 30-year government bond increased by over 4 basis points to 3.272%, while the 20-year bond yield moved more than 3 basis points higher to 2.676%. Both have risen significantly throughout the ￰6￱ Korea’s Kospi climbed 0.45% to 3,219.59, and the Kosdaq gained 0.89% to ￰7￱ Kong’s Hang Seng Index went up 0.8%, while China’s CSI 300 inched up by 0.16% to 4,467.57.

Australia’s S&P/ASX 200 dropped by 0.24%, closing at 8,849.6. In contrast, Indian markets saw gains, with the Nifty 50 advancing 0.44% and the Sensex adding 0.34%. OPEC+ increases production while metals extend gains, along with European stocks Oil prices nudged higher after OPEC+ announced plans to raise output starting in ￰8￱ a virtual meeting on Sunday, eight member nations agreed to add 137,000 barrels per day, a smaller increase than the 555,000 barrels added in both August and September, or the 411,000 in July and ￰9￱ crude rose by 0.53% to $62.20 a ￰10￱ Texas Intermediate crude moved 0.6% higher to $65.89. Copper prices rose 0.1% to $9,908.50 per ton on the London Metal Exchange as of 10:14 ￰11￱ ￰12￱ had touched a five-month high the previous ￰13￱ went up 0.2%, while zinc climbed 0.4%.

Iron ore was mostly unchanged at $104.70 a ￰14￱ contracts priced in yuan on China’s Dalian exchange edged down ￰15￱ steel contracts also declined, showing signs of softness in the broader materials ￰16￱ stocks opened higher, except for ￰17￱ U. K.’s FTSE Index added 0.1%, Germany’s DAX rose 0.7%, and France’s CAC 40 was up by 0.4%. Italy’s FTSE MIB fell 0.9%. Attention across Europe is centered on France, where Prime Minister Francois Bayrou faces a confidence vote he called himself, amid growing tension with opposing parties over a proposed €44 billion, or $51.5 billion, in spending ￰18￱ political standoff in Paris adds another layer of uncertainty to global markets already navigating monetary policy and ￰19￱ the bond market, ￰20￱ yields showed only slight ￰21￱ 10-year yield edged up to 4.089%.

The 2-year yield added nearly one basis point to 3.515%, and the 30-year yield held steady around 4.773%. One basis point equals 0.01%, and bond prices move inversely to ￰22￱ hovered just below its recent peak in early Asian ￰23￱ prices rose 0.2% to $3,592.91 an ounce as of 6:52 ￰24￱ Singapore, less than $10 away from its previous high of nearly $3,600. It had rallied 1.5% on ￰25￱ Bloomberg Dollar Spot Index ticked up by 0.1%. Silver and platinum both dipped slightly, while palladium was little ￰26￱ Difference Wire helps crypto brands break through and dominate headlines fast