Stocks mixed, precious metals slip in quiet trade

Equities were mixed Monday in quiet post-Christmas trading as investors look ahead to the release of minutes from the Federal Reserve’s policy meeting this month, while precious metals retreated from record highs.Markets looked set to end the last few days of the year on a positive note, helped by hopes for more US interest rate cuts and optimism that the tech-led rally still has more legs.While the US central bank lowered borrowing costs earlier in December as expected, it also indicated it could stand pat when decision-makers gather again at the end of next month, with two voting against any move and one calling for a bigger reduction.The minutes from the meeting are due to be released on Tuesday and traders will be poring over their contents for any indication about its plans for 2026.The prospect of cuts has helped push world markets ever higher this year, offsetting niggling worries about stretched valuations in the tech sector.On Monday, shares in Hong Kong, Tokyo, Sydney, Wellington, Mumbai and Bangkok slipped while those in Singapore, Seoul, Taipei and Manila edged up. Shanghai was marginally higher.London rose at the open, while Paris was flat and Frankfurt edged up.On commodities markets, gold and silver slipped after hitting new records in recent days.The precious metals have also enjoyed strong buying, with gold and silver both hitting record highs on expectations for more rate cuts, which makes them more desirable to investors.Their status as a safe haven asset in times of turmoil has also added to their allure amid geopolitical upheaval with US strikes in Nigeria and a blockade of Venezuelan oil tankers.On Monday gold was sitting around $4,450, having peaked a whisker shy of $4,550 on Friday, while silver slipped to $77.00 after touching a record above $80.The white metal has also seen a sharp run-up in recent weeks owing to surging demand and tight supply.”We are witnessing a generational bubble playing out in silver,” wrote Tony Sycamore at IG.”Relentless industrial demand from solar panels, EVs, AI data centres and electronics, pushing against depleting inventories, has driven physical premiums to extremes.”Oil prices rose, having sunk more than two percent Friday as investors eyed the weekend meeting between US President Donald Trump and Ukrainian counterpart Volodymyr Zelensky on peace proposals.Trump said Sunday a deal was closer than ever to end Russia’s invasion of Ukraine but reported no apparent breakthrough on the issue of territory.The US president said it would become clear within weeks whether it was possible to end the nearly four-year-long war that has killed tens of thousands.- Key figures at around 0815 GMT – Tokyo – Nikkei 225: DOWN 0.4 percent at 50,526.92 (close) Hong Kong – Hang Seng Index: DOWN 0.7 percent at 25,635.23 (close)Shanghai – Composite: FLAT at 3,965.28 (close)London – FTSE 100: UP 0.1 percent at 9,876.52Dollar/yen: DOWN at 156.12 yen from 156.50 yen on FridayEuro/dollar: DOWN at $1.1773 from $1.1776Pound/dollar: DOWN at $1.3480 from $1.3501Euro/pound: UP at 87.34 pence from 87.21 pence West Texas Intermediate: UP 1.2 percent at $57.39 per barrelBrent North Sea Crude: UP 1.1 percent at $61.28 per barrelNew York – Dow: FLAT at 48,710.97 (close)

La Corée du Nord effectue deux essais de missile de croisière de longue portée 

La Corée du Nord a procédé à deux tirs d’essai en mer de missiles de croisière de longue portée, ont annoncé lundi les médias d’État. Au cours de cet exercice organisé dimanche, le premier du genre depuis début novembre, le dirigeant nord-coréen Kim Jong Un a supervisé les opérations et appelé à un développement “illimité et …

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Ukraine: Trump se dit plus près que jamais d’un accord, sans annoncer de percée

Donald Trump a estimé dimanche être plus près que jamais d’un accord de paix en Ukraine, après une rencontre en Floride avec Volodymyr Zelensky et un entretien avec Vladimir Poutine, sans toutefois détailler aucune avancée concrète.S’exprimant depuis sa résidence Mar-a-Lago à Palm Beach, en Floride, où il a reçu le dirigeant ukrainien en présence de …

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Sans grand suspense, le Chinois BYD va détrôner Tesla en 2025 sur le tout-électrique

L’expansion rapide de BYD au niveau mondial, conjuguée au contexte réglementaire et politique difficile pour Tesla aux Etats-Unis et ailleurs, vont permettre au constructeur chinois de revendiquer pour la première fois la pole position des ventes de véhicules tout électriques en 2025.Les deux groupes doivent publier prochainement leurs ventes annuelles mais, au vu de leurs …

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Mexique: au moins 13 morts et 98 blessés dans un déraillement

Un train transportant 250 personnes a déraillé dimanche dans l’Etat d’Oaxaca, dans le sud du Mexique, faisant au moins 13 morts et 98 blessés selon les autorités.”La locomotive principale a déraillé”, a annoncé dans un communiqué la Marine mexicaine, qui opère cette ligne ferroviaire, précisant que “139 personnes sont hors de danger, 98 blessées (…) …

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Mamdani, figure anti-Trump, s’installe jeudi à la mairie de New York

Adversaire résolu de Donald Trump, auquel tout l’oppose, le démocrate Zohran Mamdani, premier maire musulman élu en novembre à la tête de la ville de New York, prend ses fonctions jeudi pour un mandat de quatre ans à forte portée politique et symbolique.- Prise de fonction festive -Zohran Mamdani prêtera serment juste après minuit devant …

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New year brings new mayor for New York City

New York mayor-elect Zohran Mamdani is set to become the US city’s first Muslim mayor, and the youthful optimism of his Democratic Socialist platform will be put to the test as he takes office Thursday for a four-year term that faces high expectations.- Festive swearing in -Just after the stroke of midnight on New Year’s Eve, New York Attorney General Letitia James — friend to Mamdani, foe to President Donald Trump — will swear in the new mayor. In a high-stakes tit-for-tat, James recently sued Trump, and he tried to have her indicted in return.At midday, left-wing icon and Vermont Senator Bernie Sanders will preside over a ceremony outside City Hall.At a neighborhood celebration, festivities will echo “one of his core messages… that this is a great city, and we like living here,” said Lincoln Mitchell, a Columbia University political science professor. – Policy agenda -The mayor-elect, an avowed socialist, campaigned on addressing the prohibitive cost of living in the metropolis of 8.5 million. One of his key proposals is freezing rent on more than a million apartments, but it’s unclear if the city board that handles rent control — packed with appointees of outgoing Mayor Eric Adams — will be supportive.Details of Mamdani’s other campaign promises — the construction of 200,000 units of affordable housing, universal access to childcare, publicly owned supermarkets and free buses — have yet to be spelled out.But Mamdani has one ace in his pocket: an excellent relationship with New York Governor Kathy Hochul, who approves measures like the tax hikes he seeks.Once an election is over, “symbolism only goes so far with voters. Results begin to matter a whole lot more,” New York University lecturer John Kane said.- Opposition to Trump -Despite expectations to the contrary, the late November Oval Office meeting between Trump and Mamdani was cordial and calm. Mamdani “wisely sought a point of common ground with Trump: wanting to make New York City a better place to live,” Kane said.Trump can “be surprisingly gregarious toward those that he perceives to have little leverage over,” Kane added.Federal immigration officers are increasingly active in New York, which could become a flashpoint.- Reassuring the public -At 34, Mamdani is one of New York’s youngest mayors and his political resume is short — he’s held office once previously, as a local representative in the State Assembly.To compensate, he is surrounding himself with seasoned aides, recruited from past mayor’s offices and former president Joe Biden’s administration.Mamdani has also already opened dialogue with business leaders, some of whom predicted a massive exodus of wealthy New Yorkers if he won. Real estate sector leaders debunked those claims in recent weeks.As a defender of Palestinian rights, the mayor — Muslim and of Indian origin — will also have to reassure the Jewish community of his inclusive leadership style. Recently, one of his hires resigned after it was revealed she had posted antisemitic tweets years ago.- ‘Cultural figure’ -“The mayor of New York is always a cultural figure,” Mitchell said.Mamdani has already captured some of his generation’s cultural trappings with his brief forays into rap music, improv classes in Manhattan, and wearing what the New York Times called “the quintessential entry-level suit for a 30-something striving to be taken seriously.”New Yorkers have also noted his enthusiastic support of his wife, Syrian-born artist Rama Duwaji, with approval.Her Instagram account has gained more than a million followers since November, according to Social Blade statistics.And on the cover of The Cut, New York magazine’s revered fashion and culture publication, she recently marked her own path — the hallmark of every young generation of city dwellers striving to make it there.”At the end of the day, I’m not a politician. I’m here to be a support system for Z and to use the role in the best way that I can as an artist,” she said.