Global Markets:
- Asian Stock Markets : Nikkei up 0.49%, Shanghai Composite up 0.03%, Hang Seng up 1.09% ASX up 0.88%
- Commodities : Gold at $5109.44 (-0.26%) Silver at $110.112 (-4.48%), Brent Oil at $64.35 (-0.65%), WTI Oil at $60.25 (-0.63%)
- Rates : US 10-year yield at 4.224, UK 10-year yield at 4.5000, Germany 10-year yield at 2.8692
News & Data:
- (USD) Core Durable Goods Orders m/m 1.7% to 1.0% expected
Markets Update:
Asian stock markets are trading mostly higher on Tuesday, supported by positive cues from Wall Street overnight, even as investors remain cautious amid renewed tariff tensions with South Korea and ongoing geopolitical developments involving Iran. Market participants are also reluctant to take aggressive positions ahead of the U.S. Federal Reserve’s monetary policy announcement scheduled for Wednesday. Asian markets had ended mixed on Monday.
The Australian market is leading regional gains, extending its rally for a third straight session. The S&P/ASX 200 index is trading above the 8,950 level, driven by broad-based buying led by mining, energy, and banking stocks. Higher commodity prices, particularly gold, have boosted sentiment. Major miners such as BHP Group, Rio Tinto, and Fortescue Metals are posting solid gains, while oil stocks including Santos and Woodside Energy are also higher. All four major Australian banks are advancing more than 1 percent.
In Japan, the Nikkei 225 is trading modestly higher after recovering from early losses, helped by gains in financial and technology stocks, although weakness in exporters and automakers is limiting upside. Tech shares like Tokyo Electron and Advantest are higher, while heavyweight exporters remain under pressure.
Elsewhere in Asia, markets in Hong Kong, Singapore, South Korea, Malaysia, and Taiwan are trading higher, while China and Indonesia are slightly lower. New Zealand is largely flat.
On Wall Street, U.S. stocks closed mostly higher on Monday, with gains across the Dow, Nasdaq, and S&P 500. European markets ended narrowly mixed, while crude oil prices declined amid resumed production in Kazakhstan, partially offset by Middle East tensions
Upcoming Events:
- 03.00 PM GMT – USD CB Consumer Confidence
