UBS AG ETRACS Crude Oil Shares Covered Call ETN(USOI.US)

GLOBAL MARKETS-Stocks edge higher, dollar dips with potential yen intervention in focus

Global stocks are experiencing modest gains, with the MSCI global equities index rising and U.S. Treasury yields dipping. The yen has strengthened against the dollar amid speculation of potential Japanese intervention. Wall Street shows mixed results, with the Dow down and the S&P 500 and Nasdaq slightly up. Investors are cautious ahead of a busy week with key economic releases and earnings reports. Oil prices have rebounded due to renewed geopolitical tensions, while precious metals like gold and silver are reaching record highs as investors seek safe havens.

GLOBAL MARKETS-Yen choppy on intervention jitters after BOJ's hawkish tone

The yen experienced volatility amid concerns of potential intervention by Japanese authorities, while global stocks remained stable following eased tensions over Greenland. The Bank of Japan maintained its stance on low borrowing costs but hinted at possible rate hikes due to rising inflation projections. The U.S. dollar index remained flat, close to its lowest levels of the year, as the Federal Reserve is expected to keep rates unchanged. Precious metals, including gold, reached record highs, and Brent crude oil prices rose amid geopolitical easing.

Capital rotation drives the US dollar weaker, Asia-Pacific stock markets rise broadly, gold approaches the 5000 mark, and silver touches the 99 level

Global funds are accelerating their inflow into more attractively valued Asian markets. On Friday, the Asia-Pacific stock markets generally rose, with the MSCI Asia-Pacific Index up 0.5%. Chip stocks performed prominently, and the South Korean Composite Index broke through 5,000 points, reaching new highs. Analysts believe that due to uncertainty in U.S. policies, funds are shifting from overvalued U.S. stocks to Asia, driving the U.S. dollar weaker. Precious metals surged strongly, with spot gold breaking through $4,960 per ounce to reach a historic high, and silver touching the $99 mark

UK Stocks-Factors to watch on January 23

UK's FTSE 100 index is expected to open flat. Shell is exploring asset sales in Argentina's Vaca Muerta shale. Ben & Jerry's faces pressure from parent company amid misconduct allegations. Global demand for tech products is set to decline as prices rise. Oil prices rebound due to geopolitical tensions, while copper prices increase amid supply concerns from a strike in Chile. Gold reaches a record high due to uncertainty in U.S. assets. UK shares rose on Thursday, influenced by U.S. political developments and optimism about Ukraine.

Natural gas is trading higher due to forecasts of a wide-ranging winter storm.