Tokyo Opens Higher as Nikkei Surges, Oil Slumps and Asia Follows a Risk-On Lead
Executive summary: Tokyo and broader Asia-Pacific markets opened with a clear risk-on tone, led by a sharp jump in the Nikkei 225 and gains in Korea, Hong Kong and Australia. The biggest cross-asset move is the steep drop in WTI crude, which is easing inflation pressure and supporting equities, while the yen remains weak and the dollar stronger against the yen. Metals are firmer, with gold, silver, platinum and palladium all higher, and Ether is also rallying strongly. [Continue Reading]
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Wall Street Opens Mixed as Bitcoin, Chips and Tech Surge While Energy and Banks Lag
Executive summary: U.S. markets opened with a sharp risk-on tilt in growth assets and crypto, while energy and financials underperformed. Bitcoin jumped more than 11%, the Nasdaq Composite rose 2.3% and the S&P 500 gained 1.0%, but the Dow, Russell 2000, banks and energy stocks were lower. The move points to a session led by AI, chips and digital assets, with falling crude prices and a stronger dollar shaping the cross-asset backdrop. [Continue Reading]

