Market Movements: Metals, Currencies, and Global Indices

Today's global market focus shifts to industrial metals as China's stimulus pushes copper futures high. Meanwhile, a falling U.S. dollar amid Fed rate cuts leads investors towards real assets. Though tech shares face AI bubble jitters, strong performances in Asia's stock markets offer some optimism.

Today's global market landscape observes a noteworthy shift as industrial metals, particularly copper, become the focal point following China's stimulus efforts, propelling Shanghai copper futures to unprecedented heights.

The U.S. dollar has slumped to a two-month low due to the Federal Reserve's dovish policy stance, prompting investors to shift towards real assets for purchasing power protection. This environment has bolstered silver and gold prices, although both saw minor setbacks after reaching new peaks.

In Asian markets, despite concerns over an AI-induced tech bubble, indices such as the MSCI Asia-Pacific ex-Japan Index reflected gains, bolstered by Wall Street's strength. Nevertheless, tech sector sentiment was hampered by a substantial slump in Oracle shares following unimpressive revenue forecasts from the company.

(With inputs from agencies.)