This content was published on <\/p>\n
December 26, 2025 – 03:00\n<\/p>\n
(Bloomberg) \u2014 Stocks posted modest gains in Asia as the year-end rally extended, while gold and silver advanced to records. Trading was thin as a number of the region\u2019s markets remained shut for holidays.<\/p>\n
MSCI\u2019s regional stock gauge rose for a sixth day after US shares closed at a record high on Wednesday before the Christmas break. Treasuries edged lower in Asia with the yield on the benchmark 10-year climbing one basis point to 4.15%. A gauge of the dollar was little changed.<\/p>\n
Gold and silver jumped as escalating geopolitical tensions and dollar weakness helped extend a historic rally for precious metals. Spot silver advanced for a fifth straight session, climbing as much as 4.5% to cross $75 an ounce for the first time. Gold, set for its best annual advance since 1979, rose as much as 1.2% to above $4,500 an ounce.<\/p>\n
Equity bulls are pinning their optimism on what\u2019s known as the \u201cSanta Claus Rally\u201d to push stocks to fresh records even as exuberance over artificial intelligence and the Federal Reserve\u2019s interest-rate path are being questioned. The rally is traditionally seen as taking place on the final five trading sessions of a year and the first two of the new one.<\/p>\n
\u201cAs equity markets enter the fourth year of a bull market, our underlying market call remains constructive,\u201d Scott Chronert, head of US equities strategy at Citigroup Inc., wrote in a note this week. \u201cThe current fundamental backdrop clearly has the opportunity for an ongoing AI-related tailwind to large-cap growth.\u201d<\/p>\n
The S&P 500 Index gained for a fifth day Wednesday in a shortened session ahead of the Christmas holiday. The VIX index of the S&P 500\u2019s expected volatility fell to the lowest this year.<\/p>\n
Elsewhere, oil headed for the biggest weekly gain since late October, as traders tracked a partial US blockade of crude shipments from Venezuela and a military strike by Washington against a terrorist group in Nigeria.<\/p>\n
The yen fell 0.3% to trade at about 156.29 to the dollar after Tokyo\u2019s inflation cooled more than expected as pressures from food and energy prices faded. That triggered weakness in the currency on bets the Bank of Japan may delay the timing of its next rate hike.<\/p>\n
A key move on Thursday was China\u2019s yuan strengthening past the psychological milestone of 7 per dollar in offshore trading for the first time since September 2024. Gains have been driven by speculation the central bank will allow gradual currency appreciation to boost market confidence.<\/p>\n
That came after the People\u2019s Bank of China strengthened its daily reference rate to the strongest level since September 2024.<\/p>\n
Corporate News:<\/p>\n
Nvidia Corp. agreed to a licensing deal with artificial intelligence startup Groq, furthering its investments in companies connected to the AI boom. Global green bond and loan issuance has reached a record $947 billion so far this year, according to data compiled by Bloomberg Intelligence. Tesla Inc.\u2019s door handles are facing renewed scrutiny in the US after federal auto safety regulators opened a probe into the emergency releases in certain Model 3 vehicles. Some of the main moves in markets:<\/p>\n
Stocks<\/p>\n
S&P 500 futures were little changed as of 10:57 a.m. Tokyo time Japan\u2019s Topix rose 0.5% The Shanghai Composite rose 0.2% Currencies<\/p>\n
The Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1787 The Japanese yen fell 0.3% to 156.30 per dollar The offshore yuan was little changed at 7.0044 per dollar Cryptocurrencies<\/p>\n
Bitcoin fell 0.5% to $87,387.42 Ether fell 0.9% to $2,918.99 Bonds<\/p>\n
The yield on 10-year Treasuries advanced one basis point to 4.15% Japan\u2019s 10-year yield was little changed at 2.040% Commodities<\/p>\n
West Texas Intermediate crude rose 0.2% to $58.46 a barrel Spot gold rose 0.5% to $4,501.67 an ounce This story was produced with the assistance of Bloomberg Automation.<\/p>\n
\u2013With assistance from Jake Lloyd-Smith.<\/p>\n
\u00a92025 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"This content was published on December 26, 2025 – 03:00 (Bloomberg) \u2014 Stocks posted modest gains in Asia…\n","protected":false},"author":2,"featured_media":165189,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6144,42,43,6145,40,38,41,39],"class_list":{"0":"post-204264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-business-general","9":"tag-headlines","10":"tag-news","11":"tag-ticker","12":"tag-top-news","13":"tag-top-stories","14":"tag-topnews","15":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/204264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=204264"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/204264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/165189"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=204264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=204264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=204264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}