{"id":128505,"title":"What happened overnight – Friday 24th October 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-10-24T07:06:16+00:00","modified":"2025-10-24T07:06:16+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-friday-24th-october-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-friday-24th-october-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-friday-24th-october-2025.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asia","Asia-Pacific index","Asian market","Asian markets","Asian trading","Bank of England","Bank of Japan","Bank of New York","Beijing","bond market","Brent Crude","china","chips","currency","Dow Jones","European Union","Federal Reserve","Hong kong","India","Jakarta","Japan","JP Morgan","Manila","Nikkei","Nvidia","Russia","semiconductor","Sensex","Seoul","shanghai","Shenzhen Composite Index","Singapore","South Korea","Sydney","Taipei","Treasury yields","U.S. bond market","U.S. dollar","U.S. stocks","U.S. Treasury","US dollar","US recession","US treasuries","USA","Wall Street","Wellington","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/09/overnight-1-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"**London stocks** are expected to **open little changed on Friday**, with traders eyeing key **UK retail sales figures** and **flash PMI data** from major economies later in the day.\n\nAccording to **IG**, the **FTSE 100** is forecast to **edge up 6 points to 9,584**, following a **0.7% gain on Thursday**, when the index hit a new record high driven by energy and financial stocks.\n\n**Global sentiment** has improved after the **White House confirmed** that **US President Donald Trump** and **China’s Xi Jinping** will meet in **South Korea next week** as part of Trump’s wider **Asia tour**, fuelling hopes of renewed diplomatic engagement between the world’s two largest economies.\n\nOn **Wall Street**, stocks closed higher on strong earnings, with **Intel** jumping **7.7%** after reporting **$4.27 billion in quarterly profit** and **better-than-expected results** fuelled by **AI-related demand**.\n\nHowever, sentiment was tempered by news that **Trump abruptly suspended US trade talks with Canada**, accusing Ottawa of **“egregious behaviour”** over an advertising dispute.\n\nIn **Asia**, markets were mixed: Japan’s **Nikkei 225** gained **1.3%** after data showed **inflation rising to 2.9%**, though **PMI figures indicated slower private sector growth** across the region.\n\nOn the commodities front, **Brent crude slipped to $64.99 a barrel**, while **gold eased to $4,109 an ounce**. The **pound** was steady, trading around **$1.3314** ahead of the UK data releases.\n\nTraders will be closely watching **retail sales figures** and **flash PMI readings** across **Europe and the US** for further clues on the **health of the global economy** heading into the final quarter of the year."}