Asian Market Performance: Asian indexes mostly rose on Tuesday, buoyed by a positive Wall Street session, with Japan's Nikkei slightly down, while China's market continued its rally led by tech stocks.
Gold and Silver Prices: Gold prices reached a record high above $4,480 per ounce, and silver also hit an all-time high of $69.5 per ounce, driven by expectations of looser U.S. monetary policy and geopolitical tensions.
Currency Movements: The offshore yuan strengthened to around 7.02 per dollar, its highest in fifteen months, despite the People's Bank of China's cautious guidance, while the Australian dollar rose to approximately $0.666.
U.S. Market Outlook: U.S. stock futures dipped slightly after a strong previous session, as the holiday trading week begins, with all major indexes having ended higher on Friday.
Wall Street analysts forecast FXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast FXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 39.340
Low
Averages
High
Current: 39.340
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
