world capital market

World Capital Markets 13.01.2025

ASIA/PACIFIC


-The Australian stock market fell sharply on Monday after strong U.S. jobs report clouds Fed rate-cut path.

-Asian markets traded lower as China’s trade surplus rose to $104.84 billion in December, up from $97.44 billion in November, beating expectations.

-Japanese markets were closed today due to a public holiday. Prior to the closure, Japanese stocks had been experiencing fluctuations influenced by global economic trends and domestic factors.

. EUROPE


-Major European markets traded lower on Monday, amid persisting jitters over the global economy.

-Yields on the United Kingdom’s bonds rose on Monday as the 30-year gilt yield jumped to a high unseen since April 1998 and the 10-year yields stood at 2008 levels.

-European Central Bank Chief Economist Philip Lane said at a conference in Hong Kong on Monday that more monetary easing is likely.

. AMERICAS  


North America

-Major stock markets in the United States closed mixed. Weakness in the tech sector weighed on Wall Street early in the session, as AI darling and market leader Nvidia (NVDA) plunged by as much as 4.7 percent.

Latin America

-Mexico forecasts record investment, despite ‘noise’ from US, Latin Finance reported.

-Peru’s central bank trimmed its benchmark interest rate by 25 basis points to settle at 4.75%.

. AFRICA


-Kenya’s commercial banks have recorded an impressive 11.58% rise in pre-tax profits, totalling $1.22bn for the first eight months of 2024, data from the Central Bank of Kenya (CBK) showed.

-Only 39% of African businesses use African currencies to finance their cross- border deals, a big fall from the 69% recorded in 2022, African banker reported.

-The Central Bank of Nigeria (CBN) has prohibited local deposits into the newly launched Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA), designed to cater specifically to Nigerians living abroad.

. MIDDLE EAST


-Strong investor optimism and a strengthening of regulatory frameworks will give a steady boost to the IPO momentum in Saudi Arabia in 2025, Zawya reported citing industry experts.

-Higher Islamic debt issuances by Qatar and Saudi Arabia supported the growth in aggregate sukuk in the Gulf Co-operation Council in 2024, according to Kamco Invest.

-Bahrain’s Bank ABC has mandated joint lead managers and book runners for perpetual Additional Tier 1 capital securities to be listed on London Stock Exchange (LSE). Global investor and fixed income meetings taking place on Monday (Jan. 13) and Tuesday (Jan. 14).


Spot gold held ground at $2,689.09 per ounce as of 0212 GMT while U.S. gold futures gained 0.2% to $2,719.50, according to Reuters.

Spot silver fell 0.1% at $30.36 per ounce, platinum dropped 0.3% to $962.18, while palladium
gained 0.3% to $950.90.

Brent crude futures climbed $1.48, or 1.86%, to $81.24 a barrel by 0113 GMT while U.S. West Texas Intermediate crude rose $1.53, or 2% to $78.10 a barrel.