Super Micro Computer (SMCI.O) shares surged as much as 25%, the largest gain so far in 2024.

Hong Kong-listed gold miners surged: Zijin Gold International (02259.HK), Chifeng Gold (06693.HK) and Lingbao Gold (03330.HK) rose over 14%; Tongguan Gold (00340.HK), Zijin Mining (02899.HK) and Shandong Gold (01787.HK) gained more than 7%; Zhaojin Mining (01818.HK) and Jihai Gold (02489.HK) advanced over 5%.

Commerzbank rates strategist Hauke Siemssen said expected slowing UK inflation should set the tone for bond markets this morning, while oil remains the dominant driver. Ongoing US–Iran strikes and Houthi threats to Red Sea shipping have lifted Brent crude back to $92/bbl, prompting a bearish market tone. Siemssen said a decline in this morning’s UK inflation reading would likely produce a milder market backdrop.