Wk 46 Asia mrkts.10 Nov 2025 06:48
Asian mrkts are trading higher this morning as the US Govt nears a deal to extend Govt funding after the 40 day Govt shutdown and return to work. It's expected the Govt will be fully operational in around a month.
In Sydney the ASX200 closed notably higher at 8827 boosted by gains among major miners BHP, RIO & Mineral Resources. The ASX200 is up 8% ytd.
Oils were weak but techs saw increased demand. Golds were better with Evolution, Northern Star and Resolute putting on 3% each. Best gainer was the oddly named Monadelphous Group's 9% rise to AUD 25, as their engineering and construction projects saw increased demand for their services. At the half way stage the co is forecasting $1•5bn in revenues.
In Japan the 225 is up 638 late on to a intra-day day high of 50,909. Among major gainers Mercari shot up 15%, Olympus 11% and Tokyu Fudosan 6%. Conversely Mazda Motor is off 6% & Omron 5%. Analysts see further upside for the 225 since the BOJ exited from negative int rates. The rally among Japanese stocks has strengthened in recent months driven by growth in earnings, corporate reforms and the return of foreign investors which has driven an 11% rise in the Nikkei since July and 28% ytd, the 3rd best Asia performer this year.
Gold remains in limbo as most analysts remain lukewarm on the precious metal though Main St investors are solidly bullish. Evidence todays $70 jump and see the recent decline as a buying opportunity. In a recent survey of 123 respondents 56% expected Gold to rise, 18% anticipated lower prices and 26% were broadly neutral. Gold is up 54% this year and leads gainers among the natural resources sectors.
Latest :- Vix 19. Brent $64.
Gold $4075. Copper $5•048.
Palm $977. Silver $49•335.
$1•316. €1•138.
FF +76. DF +130.
Morning all.
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