Tech Rally Pauses Amid Global Market Shifts
Global shares stalled amid recent gains as technology stocks await major earnings reports. Bonds gained strength with anticipated U.S. rate cuts, affecting the dollar. Gold slipped below $4,000 amidst profit-taking, while global indices showed minor fluctuations. Japan's Nikkei marked significant annual growth, and U.S.-Japan trade talks continued.
Global shares paused their recent rally on Tuesday following substantial gains, as investors eyed a potential easing of global trade tensions. The anticipation of lower borrowing rates in the U.S. and Canada has helped bonds while affecting the dollar's strength.
Gold prices retreated below the $4,000 mark due to profit-taking after a steep rise, driven mainly by central bank demand, said George Lagarias, chief economist at Forvis Mazars. 'This correction is natural and necessary for market stability,' he added.
Several global stock indices paused after hitting new highs. Key discussions continue between the U.S. and Japan regarding trade and investments, while tech giants eagerly await this week's earnings reports. Bonds and currencies reacted to the developments, with oil prices pressed by potential OPEC+ output changes.
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