Global Markets:
- Asian Stock Markets : Nikkei down -1.90%, Shanghai Composite up 0.21%, Hang Seng down -0.35% ASX up 0.15%
- Commodities : Gold at $4,178.40 (1.10%), Silver at $52.200 (3.51%), Brent Oil at $63.54 (0.35%), WTI Oil at $59.71 (0.37%)
- Rates : US 10-year yield at 4.052, UK 10-year yield at 4.6620, Germany 10-year yield at 2.6301
News & Data:
- (EUR) German WPI m/m 0.2% to 0.2% expected
Markets Update:
Asian stock markets are trading mostly higher on Tuesday, tracking strong overnight gains on Wall Street amid renewed optimism over U.S.-China trade talks and expectations of further U.S. interest rate cuts despite the ongoing government shutdown and intensifying Russia-Ukraine conflict. Asian markets had ended mostly lower on Monday.
U.S. President Donald Trump struck a softer tone on social media after previously threatening higher tariffs on China, easing trade war worries. “Don’t worry about China, it will all be fine,” Trump said, expressing willingness to cooperate with Beijing.
With limited official data available, the U.S. Federal Reserve is relying on private indicators ahead of its month-end policy meeting. According to CME Group’s FedWatch Tool, investors see a 96.7% probability of a 25-basis-point rate cut.
In Australia, the S&P/ASX 200 gained 0.12% to 8,893.50, supported by mining and energy stocks. BHP and Rio Tinto rose nearly 2% each, while gold miners like Northern Star and Genesis Minerals advanced strongly. However, banks and tech shares remained weak.
Japan’s Nikkei 225 fell 1.18% to 47,520.57, with losses across exporters, banks, and tech stocks. SoftBank dropped over 4%, while Sumitomo Metal Mining and Ryohin Keikaku surged.
Elsewhere, Taiwan led regional gains, up 1.4%, while China, Singapore, South Korea, Malaysia, and Indonesia traded modestly higher.
On Wall Street, the Nasdaq rose 2.2%, the S&P 500 gained 1.6%, and the Dow added 1.3%, rebounding from Friday’s losses. Crude oil prices also advanced over 1%, lifted by escalating geopolitical tensions.
Upcoming Events:
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- 04:20 PM GMT – USD Fed Chair Powell Speaks
- 05:00 PM GMT – GBP BOE Gov Bailey Speaks
