Today's News Update - 3rd Feb 2025 Asia Asian markets mostly rose Friday, tracking Wall Street's gains as investors assessed Big Tech earnings. Japan's Nikkei 225 edged up 0.15% to 39,572.49, while the Topix climbed 0.24% to 2,788.66, marking a third straight day of gains. Tokyo's core CPI rose 2.5% year-on-year in January, matching estimates, while unemployment fell to 2.4%. Retail sales grew 3.7% in December, and industrial output rebounded with a 0.3% monthly increase. Australia's S&P/ASX 200 hit a record high, rising 0.45% to 8,532.30, as producer prices grew 3.7% year-on-year in Q4 2024. US The S&P 500 dropped on Friday after news broke that President Donald Trump’s tough tariffs on key U.S. trading partners would take effect on Saturday. The broad market index fell by 0.50%, closing at 6,040.53. Meanwhile, the Dow Jones Industrial Average lost 337.47 points, or 0.75%, primarily due to a decline in Chevron. The Dow ended the day at 44,544.66. The Nasdaq Composite, which is more tech-focused, slipped 0.28% to finish at 19,627.44. Commodity Gold surpassed $2,800 for the first time on Friday, driven by safe-haven demand after Trump’s tariff threats. Spot gold rose 0.6% to $2,810.55, hitting a record $2,817.23 earlier. U.S. gold futures were little changed at $2,822.90. Oil fell and ended the week lower as markets awaited U.S. tariffs on Canada and Mexico. Brent crude for March slipped 11 cents to $76.76, while the next-month contract fell to $75.58. WTI dropped 20 cents to $72.53. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex