Global Markets:
- Asian Stock Markets : Nikkei up 0.28%, Shanghai Composite down 0.17%, Hang Seng down 0.1% ASX up 0.43%
- Commodities : Gold at $3355.35 (-1.69%), Silver at $32.68 (-1.29%), Brent Oil at $63.8 (0.29%), WTI Oil at $61.18 (-0.49%)
- Rates : US 10-year yield at 4.464, UK 10-year yield at 4.6770, Germany 10-year yield at 2.5590
News & Data:
- (JPY) SPPI y/y 3.1% to 3.0% expected
Markets Update:
Asia-Pacific markets mostly declined on Tuesday as investors evaluated the global trade outlook following U.S. President Donald Trump’s decision to postpone 50% of tariffs on European Union imports.
Japan’s Nikkei 225 dipped 0.19%, while the broader Topix index ended flat. South Korea’s Kospi index reversed gains from the previous session, falling 0.49% after reaching a three-month high on Monday. The tech-heavy Kosdaq also edged lower by 0.12%.
In China, markets saw mixed performance. The CSI 300 index, tracking major stocks on the Shanghai and Shenzhen exchanges, dropped 0.56% amid volatile trading. Hong Kong’s Hang Seng Index slipped 0.3%. Meanwhile, China reported a slight improvement in industrial profits for April, rising 1.4%, up from March’s 0.8% increase.
India’s equity markets opened weaker, with the benchmark Nifty 50 down 0.49% and the BSE Sensex losing 0.63%. In contrast, Australia’s S&P/ASX 200 managed a modest gain of 0.33%.
U.S. markets remained closed on Monday in observance of the Memorial Day holiday, but futures rallied on positive sentiment from Trump’s tariff delay. Dow Jones Industrial Average futures rose by 407 points, or 1%. Futures for the S&P 500 advanced 1.1%, and Nasdaq 100 futures surged 1.3%.
Upcoming Events:
- 12:30 PM GMT – USD Core Durable Goods Orders m/m
- 12:30 PM GMT – USD Durable Goods Orders m/m
