Weekly Market Overview:
January 27-29
January 27-29
The US stock market closed higher on Tuesday.
The Dow Jones climbed 0.64%, the S&P 500 rose 0.50%, and the Nasdaq advanced 0.43%. The US 10-year Treasury yield increased by 1.2 b.p. to 4.22%.
Gold futures declined 0.23% to $5,110.75, while Brent crude fell 0.68% to $64.33.
The KASE index was unchanged.
Across the S&P 500 sectors, Communication Services led the gains, while Consumer Cyclical was among the sectors finishing in the red, with 4 of the 11 sectors closing lower.
The Dow Jones climbed 0.64%, the S&P 500 rose 0.50%, and the Nasdaq advanced 0.43%. The US 10-year Treasury yield increased by 1.2 b.p. to 4.22%.
Gold futures declined 0.23% to $5,110.75, while Brent crude fell 0.68% to $64.33.
The KASE index was unchanged.
Across the S&P 500 sectors, Communication Services led the gains, while Consumer Cyclical was among the sectors finishing in the red, with 4 of the 11 sectors closing lower.
- Asian equities rose modestly as investors awaited earnings from U.S. tech giants, although gains were capped by renewed tariff uncertainty after President Donald Trump raised U.S. import duties on South Korean goods to 25%
- Wall Street extended its rebound for a fourth session, with the S&P 500 and Nasdaq reaching their highest levels in over a week ahead of key “Magnificent Seven” earnings reports.
- A sharp selloff in Japanese government bonds has pushed long-term yields above 4%, raising fears of global market contagion worth up to $7 trillion as investors warn that capital repatriation and potential yen intervention could drive higher interest rates worldwide.
- Microsoft unveiled its second-generation AI chip Maia 200, which delivers 30% higher performance at the same cost, is already used internally for AI models, and is set to compete directly with Nvidia’s processors while the company prepares its next-generation Maia 300.
Shareholders of Kazakhstan’s Karachaganak oil and gas project lost an international arbitration case against the government, with potential compensation estimated at $2–4 bln, while the country is also preparing for a major arbitration dispute over the Kashagan field that could involve claims of up to $160 bln.
The US stock market closed mixed on Thursday.
The Dow Jones edged up 0.02%, the S&P 500 slipped 0.01%, while the Nasdaq gained 0.17%. The US 10-year Treasury yield increased by 1.4 b.p. to 4.26%.
Gold futures surged 4.42% to $5,576.49, while Brent crude rose 1.17% to $68.16.
The KASE index jumped 3.97%.
Across the S&P 500 sectors, Basic Materials led the gains, while Healthcare was among the sectors finishing in the red, with 7 of the 11 sectors closing lower.
The Dow Jones edged up 0.02%, the S&P 500 slipped 0.01%, while the Nasdaq gained 0.17%. The US 10-year Treasury yield increased by 1.4 b.p. to 4.26%.
Gold futures surged 4.42% to $5,576.49, while Brent crude rose 1.17% to $68.16.
The KASE index jumped 3.97%.
Across the S&P 500 sectors, Basic Materials led the gains, while Healthcare was among the sectors finishing in the red, with 7 of the 11 sectors closing lower.
- The Trump administration is stepping back from plans to guarantee minimum prices for U.S. critical minerals projects due to funding and legal constraints, a move that has unsettled markets and weighed on rare earth stocks while signaling a shift toward projects standing on their own commercial viability.
- The S&P 500 briefly crossed the 7,000-point mark for the first time, while tech stocks led by chipmakers continued to rally as strong earnings from companies such as Intel, Micron, SK Hynix and ASML reinforced investor optimism around AI-driven growth.
- The U.S. Federal Reserve kept interest rates unchanged at 3.5–3.75%, citing steady economic growth and easing labor demand, while investors increasingly focus on the upcoming leadership transition at the Fed and potential political pressure on monetary policy.
- Microsoft posted record capital spending while cloud business growth slowed, worrying the market.
- Silver hit a new all-time high, while Brent rose to its highest levels since September on fears of escalation in the Middle East.
Kazakhstan’s First Deputy Prime Minister Roman Sklyar held talks with Chevron executives on the Tengiz project, discussing recovery of oil production after a recent outage, future exploration plans, and reaffirming both sides’ commitment to long-term cooperation in the country’s energy sector.