Global Markets:
- Asian Stock Markets : Nikkei up 3.10%, Shanghai Composite up 0.57% Hang Seng up 0.86% ASX up 0.45%
- Commodities : Gold at $4,595.45 (0.13%) Silver at $78.065 (2.45%), Brent Oil at $97.78 (-2.43%), WTI Oil at $91.00 (-5.77%)
- Rates : US 10-year yield at 4.488, UK 10-year yield at 4.9060, Germany 10-year yield at 3.0338
News & Data:
- (CAD) Core Retail Sales m/m 209K to 210K expected
Markets Update:
Asia-Pacific markets rallied Monday as easing geopolitical tensions in the Middle East boosted investor confidence and pushed oil prices sharply lower. Japan’s Nikkei 225 surged past the 65,000 mark for the first time ever, setting a fresh record during thin holiday trading across the region.
Investor sentiment improved after reports suggested the Strait of Hormuz could soon reopen, easing fears over global oil supply disruptions. U.S. President Donald Trump also struck an optimistic tone on Iran negotiations, saying in a Truth Social post that discussions were progressing “in an orderly and constructive manner.” He added that he had advised negotiators “not to rush into a deal,” saying time remained on their side.
Oil prices fell significantly in early Asian trade. West Texas Intermediate crude futures for July delivery dropped 5.87% to $90.93 per barrel, while Brent crude futures declined 5.58% to $97.76.
Japan’s Nikkei 225 jumped more than 3% to a record 65,408.87, while the broader Topix index gained 1.19%. Taiwan’s Taiex also reached an all-time high, rising 2.91% to 43,495.92. Elsewhere, Australia’s S&P/ASX 200 added 0.45%, China’s CSI 300 rose 0.91%, and India’s Nifty 50 advanced 1.09%. Hong Kong, South Korea, and U.S. markets remained closed for public holidays.
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