Nawa o, my people! E be like say money dey rain for Asia as stock market don dey rise! Na 6 weeks straight, investors dey smile for face as dem dey try close the year on better note. Wetin dey happen? No be small matter, o!
For Friday wey just pass, Japan’s Topix don climb reach record high! E don increase by 0.5%, no be play. Meanwhile, South Korea dey shine like star, as dem benchmark index don rise 0.6%, making am the best stock market for this year, with 72% gain. Chai! You fit believe?
China self no dey carry last, as dem blue-chip index don climb 0.27% higher, dey set to finish the year with 18% gain—the best since 2020! E be like say everybody dey catch the stock fever this Christmas.
Now, no be only stocks dey shine o! Precious metals, especially gold and silver, dey burst brain! Silver don jump over 4% like say na feast, push reach $75 per ounce, and gold too dey dance, hovering above $4,500. No be small thing!
Soojin Kim wey be commodities analyst talk say this precious metal rally na because of central bank wey dey buy heavy, strong inflow wey dey enter gold-backed ETFs, plus investors dey fear currency wahala and rising global debt. Gold don increase 71% this year alone! E don dey jam like 1979 level. Silver self dey flex with 158% gain! Chai!
As December dey waka go, investors dey eye U.S. Federal Reserve wey go soon cut interest rates. Trader don dey expect at least two cuts for 2026, but no expect any move before June. And even Fed dey project one more cut next year; but dem no gree agree on the policy outlook, e get as e be.
Dollar self dey face pressure, as everything dey affect am, euro, sterling and Swiss franc dey enjoy better days. Dollar index dey look like say e go drop 0.8% for the week, wey be im weakest week since July. E steady for 97.935 for Asian hours.
For the Japanese yen, e don weaken small, but e still dey on course for 1% rise for the week—biggest gain since September. Dem talk say risk for intervention dey within reach after wey Japan give dem well-telegraphed rate hike last week. Hmmm, markets dey wonder wetin go happen next!
So make we carry this ginger enter 2026! All eyes dey on precious metals and stocks as investors dey try position demself before the new year pick up. Na wetin dem call ‘Santa Claus rally’ be this—prices dey rise as we dey enter new year. E go be jolly ride for market if e continue like this! Na here we go stop for today, make I drop my beer for ground as we dey toast to better money days ahead!
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