{"id":159826,"date":"2025-11-03T04:02:08","date_gmt":"2025-11-03T04:02:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/159826\/"},"modified":"2025-11-03T04:02:08","modified_gmt":"2025-11-03T04:02:08","slug":"asian-stocks-rise-on-ai-sentiment-dollar-near-3-month-high","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/159826\/","title":{"rendered":"Asian stocks rise on AI sentiment, dollar near 3-month high"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Asia stocks hover near highest since February 2021<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Dollar firms after hawkish tilt from some Fed policymakers<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Earnings focus now to be on tech firms<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Japan closes for holiday, trading in Asia likely to be muted<\/li>\n<\/ul>\n<p>SINGAPORE, Nov 3 (Reuters) &#8211; Asian stocks rose on Monday as investors weighed last week&#8217;s megacap earnings showing significant spending on artificial intelligence, while the dollar held near a three-month high after hawkish comments from Federal Reserve policymakers.<\/p>\n<p>Gold prices fell, edging further away from the record peak it has been at most of last month, while oil prices rose after OPEC+ decided to hold off production hikes in the first quarter of next year, easing fears of a supply glut.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/global-markets-wrapup-1-2025-11-03\/undefined?location=article-paragraph&amp;redirectUrl=%2Fworld%2Fchina%2Fglobal-markets-wrapup-1-2025-11-03%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">here.<\/a><\/p>\n<p>Investors are still focused on developments from last week, including central bank meetings and the U.S.-China agreement on a year-long trade truce that was within broad expectations. But doubts remain if the truce will last for the full duration.<\/p>\n<p>MSCI&#8217;s broadest index of Asia-Pacific shares outside Japan <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.MIAPJ0000PUS\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.MIAPJ0000PUS), opens new tab<\/a> was 0.2% higher at 726.98, hovering near the 4-1\/2-year high it touched last week. The index is up more than 27% this year, on course for its best year since 2017.<\/p>\n<p>Japan markets are closed for a holiday with no cash Treasuries trading, resulting in muted activity during Asian hours.<\/p>\n<p>HAWKISH FEDSPEAKA clutch of Federal Reserve bank presidents on Friday <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/feds-schmid-inflation-risks-remain-economy-still-showing-momentum-2025-10-31\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">aired<\/a> their discomfort with the U.S. central bank&#8217;s decision to cut interest rates, even as influential Fed Governor Christopher Waller made the case for more policy easing to shore up a weakening labour market.<\/p>\n<p>Following the October monetary policy meeting last week, Fed Chair Jerome Powell said an interest rate cut at the next meeting in December was &#8220;not a foregone conclusion.&#8221; Investors had expected that move to be almost a done deal.<\/p>\n<p>&#8220;We continue to think that the motivation for the rate cuts is consistent with our premise for further dollar downside: the U.S. economy will not outperform to the same degree as it did before,&#8221; said Goldman Sachs strategists in a note.<\/p>\n<p>&#8220;That will lead to a weaker dollar over time given its strong starting point.&#8221;<\/p>\n<p>Traders are now pricing a 68% chance of a rate cut in December, down from a near certainty last week before the Fed meeting, where the central bank lowered rates by 25 basis points as expected.<\/p>\n<p>That has left the dollar firmer. The euro last bought $1.1524 at a three-month low. Sterling eased 0.27% to $1.3134, while the yen was at 154.175 per U.S. dollar, near its lowest since mid-February.<\/p>\n<p>With the U.S. government shutdown set to extend this week, there will be no data for job openings as well as nonfarm payrolls.<\/p>\n<p>The U.S. shutdown, which started on October 1, is now the second-longest ever behind the 2018-2019 shutdown that lasted 35 days.<\/p>\n<p>&#8220;The focus will be on the ADP employment report and the employment component within the ISM PMIs to assess the health of the U.S. labour market,&#8221; said Tony Sycamore, market analyst at IG.<\/p>\n<p>SPOTLIGHT STILL ON EARNINGS SEASON<\/p>\n<p>After a mixed bag of earnings from the megacap companies that showed investors were keen to see a return on the extensive capital spending on AI infrastructure, focus will be on tech firms reporting this week.<\/p>\n<p>Enthusiasm over AI has helped drive global stock markets but investors are wary of potential overexuberance tied to the theme and eager for evidence that AI investments are paying off.<\/p>\n<p>Semiconductor firms Advanced Micro Devices <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/AMD.O\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(AMD.O), opens new tab<\/a>, Qualcomm <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/QCOM.O\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(QCOM.O), opens new tab<\/a> and data analytics company Palantir Technologies <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/PLTR.O\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(PLTR.O), opens new tab<\/a> are due to report. Other companies set to report next week include McDonald&#8217;s <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/MCD.N\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(MCD.N), opens new tab<\/a> and Uber <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/UBER.N\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(UBER.N), opens new tab<\/a>.<\/p>\n<p>In commodities, gold was 0.4% lower at $3,985.35 per ounce. Brent crude futures rose 0.49% to $65.10 a barrel, while U.S. West Texas Intermediate crude was at $61.33 a barrel, up 0.61%.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Ankur Banerjee in Singapore; Editing by Jacqueline Wong<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob 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Earnings&hellip;\n","protected":false},"author":2,"featured_media":159827,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[261],"tags":[291,82519,289,290,2000,2786,82703,82708,82709,84370,53515,1802,83626,84897,82538,82545,88440,82546,83395,82535,82556,82549,82541,88445,88443,82550,82776,88444,82553,83396,84460,82536,84041,83398,83397,87973,83391,82530,83393,84146,82528,82531,88447,82777,82547,84461,82539,82557,82537,82540,82554,82552,82710,88442,88441,83394,82548,82551,85719,82702,83116,18,55396,82578,83371,82520,32356,87582,88435,88436,59750,19,84368,17,11203,88439,83122,88437,84440,88446,82524,82507,45751,88438,84142,82773,83390,84457,82,83366,87567,107,82518],"class_list":["post-159826","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-amers","tag-artificial-intelligence","tag-artificialintelligence","tag-asean","tag-asia","tag-asxpac","tag-au","tag-aunz","tag-cen","tag-cn","tag-com","tag-cru","tag-dbt","tag-destabx","tag-destafa","tag-destauf","tag-destbnx","tag-destc","tag-destcsa","tag-destd","tag-destdnp","tag-deste","tag-destfmw","tag-destfne","tag-destfun","tag-destg","tag-destgnn","tag-destgns","tag-destgro","tag-destj","tag-destlby","tag-destm","tag-destmetop","tag-destmtl","tag-destnoinbsm","tag-desto","tag-destocabsm","tag-destoil","tag-destortao","tag-destoukbsm","tag-destousbsm","tag-destozabsm","tag-destpge","tag-destpsc","tag-destptd","tag-destrast","tag-destrbn","tag-destreulb","tag-destrnp","tag-destrws","tag-destrwsa","tag-destseabs","tag-destsi","tag-destsni","tag-destsof","tag-destu","tag-destucdptest","tag-destz","tag-easia","tag-eco","tag-eire","tag-emea","tag-emrg","tag-enr","tag-europ","tag-fin","tag-frx","tag-gol","tag-gvd","tag-hk","tag-ie","tag-int","tag-ireland","tag-jp","tag-kr","tag-mce","tag-metl","tag-mktrep","tag-mkts-glob","tag-namer","tag-news1","tag-nrg","tag-premtl","tag-rep","tag-seasia","tag-sg","tag-stx","tag-technology","tag-topicmarkets-commodities-energy","tag-tw","tag-us","tag-weu"],"share_on_mastodon":{"url":"","error":"Validation 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