Global Markets:
- Asian Stock Markets : Nikkei down 0.19%, Shanghai Composite up 0.18%, Hang Seng up 0.29% ASX down 0.38%
- Commodities : Gold at $3371.35 (-0.79%), Silver at $36.08 (0.09%), Brent Oil at $76.38 (1.59%), WTI Oil at $74.8 (1.33%)
- Rates : US 10-year yield at 4.313, UK 10-year yield at 4.5250, Germany 10-year yield at 2.513
News & Data:
- (CAD) Core Retail Sales m/m -0.3% to -0.2% expected
- (CAD) Retail Sales m/m 0.3% to 0.4% expected
Markets Update:
Asia-Pacific markets fell on Monday after the United States launched strikes on three nuclear sites in Iran, intensifying concerns about a broader Middle East conflict and pushing oil prices higher.
Brent Crude rose 1.95% to $78.51 per barrel, while West Texas Intermediate climbed 2.06% to $75.36. The oil rally reflects investor fears that the conflict could disrupt global supply.
Japan’s Nikkei 225 slipped 0.32% and the Topix index declined 0.43%. South Korea’s Kospi dropped 0.41%, and the Kosdaq tumbled 1.42%. In China, the CSI 300 index fell 0.2%, and Hong Kong’s Hang Seng dipped 0.13%. Australia’s S&P/ASX 200 was down 0.43%. Indian markets also declined, with the Nifty 50 dropping 0.9% and the BSE Sensex falling 0.74%.
U.S. equity futures edged lower during Asian trading hours. Dow Jones futures dropped 109 points (0.3%), while S&P 500 and Nasdaq 100 futures each fell 0.3% and 0.4%, respectively.
On Wall Street, two of the three major indexes closed lower last Friday. The S&P 500 slid 0.22% to 5,967.84, marking its third straight loss. The Nasdaq Composite dropped 0.51% to 19,447.41. In contrast, the Dow Jones Industrial Average rose slightly by 35.16 points (0.08%) to end at 42,206.82, as investors evaluated the Fed’s next move on interest rates amid global uncertainty.
Upcoming Events:
- 01:45 PM GMT – USD Flash Manufacturing PMI
- 01:45 PM GMT – USD Flash Services PMI
