The Nasdaq 100 is set to erase December’s losses thanks to revived interest in tech stocks, boosting global equity markets. Gold, silver, and copper all hit record highs. Futures on the index rose 0.5% after a 3% rally. Tech and mining shares led gains in Europe and Asia.

Commodities saw significant price moves, with oil climbing due to heightened geopolitical tensions. Global bond markets were under pressure, with Japanese debt declining for a second day after a rate hike by the Bank of Japan. Hopes for a year-end equity rally are rising.

Precious metals rallied on geopolitical tensions and expectations of more Fed rate cuts. Gold surpassed its previous record, silver reached a new high, and platinum rose for the eighth straight session. Brent crude climbed above $61 a barrel amid US-Venezuela tensions.

Copper is approaching $12,000 a ton amid trade turmoil and tight supply, on track for its biggest annual gain since 2009. Japanese markets are in focus after the Bank of Japan raised its benchmark interest rate. The yen strengthened after the rate hike.

China Vanke Co. faces a pivotal vote from creditors. Harbour Energy Plc acquired LLOG Exploration Co. for $3.2 billion. Private equity firms are acquiring Clearwater Analytics Holdings Inc. for $8.4 billion. Seven & i Holdings Co. is pushing for turnaround in its US convenience-stores business.

In the markets, the Stoxx Europe 600 was stable, while S&P 500 futures rose 0.3%. Nasdaq 100 futures gained 0.5%, and Dow Jones futures rose 0.1%. The MSCI Asia Pacific and Emerging Markets indices both rose 1%. Currencies saw slight fluctuations, with cryptocurrencies and bond yields also showing movement.

Read more at Yahoo Finance: Tech Fuels Equity Gains as Gold, Copper Hit Record: Markets Wrap