Australia’s ASX 200 index set up 1.17% on Thursday morning and followed Wall Street’s profit. Banking and gold -related shares led the profit.
Northern Star Resources Ltd. (NST) rose by 2.78% because the gold prices reached a record high of $ 2,882 on 5 February.
Falling treasury yields arose for the demand for highly productive Aussie bank stocks. Anz (ANZ) and the National Australia Bank (NAB) led the profits, 2.49% and 2.26% respectively.
Outlook: Risks and opportunities for the bow
Geopolitical tensions, American tariff developments and the growth of the AI sector remain important factors of market sentiment. AI shares could continue to surpass if the global AI race intensifies, while commercial-sensitive sectors such as mining and production face increased volatility.
When China promotes commercial interviews with the US and expands AI initiatives, Hong Kong, the mainland of China and Australian markets. However, escalating trade tensions can overshadow AI-driven optimism, which contributes to market uncertainty.
Discover strategies to navigate this week’s market trends here.