world capital market

World Capital Markets 14.01.2025

ASIA/PACIFIC


-The Australian stock market closed in the green on Tuesday, as rising oil and commodity prices fuelled a rally in mining and energy stocks.

-Asian markets mostly rose after a mixed session on Wall Street overnight amidst interest rate worries, rising bond yields and anxiety ahead of Wednesday’s CPI update.

-Bank of Japan eyes possible rate hike during its policy meeting next week, Deputy Governor Ryozo Himino said on Tuesday.

. EUROPE


-Major European stock markets ended on a mixed note as investors assessed the likely move of the Federal Reserve in the wake of recent economic reports.

-A closely watched sale of UK government debt attracted robust demand today despite the ongoing turmoil in the gilt market. The Debt Management Office (DMO) said that its £1bn sale of 30-year index-linked gilts was three-times oversubscribed.

-Turkish issuers sold $33bn of eurobonds in 2024, setting an annual record, according to data compiled by bne IntelliNews.

. AMERICAS  


North America

-U.S. stocks finished a choppy trading day narrowly mixed as traders were reluctant to make more significant moves ahead of the release of a more closely watched report on consumer price inflation on Wednesday.

Latin America

-Latin America leads CME Group’s forex trading growth at 19% in 2024, the world’s largest derivatives exchange reported.

-The Colombian peso is showing notable resilience at the start of this week, limiting the downward pressures affecting other Latin American currencies.

. AFRICA


-Ethiopia’s state-owned Ethio Telecom’s IPO paves way for Ethiopia stock exchange, African Banker reported.

-Nigeria’s Debt Management Office announces subscription window for January FGN savings bonds, offers up to 18.24%.

-Bank of America (BofA) Securities sees big share gains for South African banks FirstRand, Capitec and Absa – but expects Standard Bank to struggle.

. MIDDLE EAST


-Most stock markets in the Gulf closed higher with Qatar leading the region as hopes for a Gaza ceasefire rose.

-Saudi Arabia’s Riyad Capital may sell shares as early as mid-2025, Bloomberg reported, to a valuation of $2.5 billion. The size and the timeline for the IPO is still not decided.

-Deals worth $137.5bln signal upbeat MENA debt capital market, Khaled Darwish, Managing Director – Head of CEEMEA Debt Capital Markets at HSBC, told Zawya in an interview.


Spot gold rose 0.3% to $2,669.53 per ounce as of 0227 GMT while U.S. gold futures gained 0.3% to $2,685.50, according to Reuters.

Spot silver was flat at $29.59 per ounce. Palladium climbed 0.5% to $958.10 and platinum added 0.2% to $940.75.

Brent futures slipped 22 cents, or 0.27%, to $80.79 a barrel by 0122 GMT, while U.S. West Texas Intermediate (WTI) crude fell 16 cents, or 0.2% to $78.66 a barrel.