Global Markets:
- Asian Stock Markets : Nikkei up 0.57%, Shanghai Composite down -0.38%, Hang Seng down -0.37% ASX down -0.17%
- Commodities : Gold at $4,150.60 (0.69%), Silver at $50.776 (0.93%), Brent Oil at $64.00 (-0.09%), WTI Oil at $60.06 (-0.12%)
- Rates : US 10-year yield at 4.120, UK 10-year yield at 4.4640, Germany 10-year yield at 2.6658
News & Data:
- (EUR) Sentix Investor Confidence -7.4 to -3.9 expected
Markets Update:
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders welcome progress toward ending the record U.S. government shutdown. The U.S. Senate has begun voting on a temporary funding package to reopen the government, fueling optimism among investors. The move is expected to resume the release of key U.S. economic data ahead of next month’s Federal Reserve interest-rate decision. Traders also anticipate that signs of a slowing U.S. economy could push the Fed toward rate cuts.
The Australian market is slightly lower, with weakness in financial and tech sectors offsetting gains in mining and energy stocks. The S&P/ASX 200 is down 0.13 percent at 8,824.70. BHP, Rio Tinto, and Fortescue are marginally higher, while Mineral Resources gains over 4 percent. Oil stocks are mostly higher, and gold miners are rallying strongly. Among banks, Commonwealth Bank is down more than 6 percent, while Westpac and ANZ are up over 1 percent each.
In Japan, the Nikkei 225 is up 0.43 percent at 51,131.28, led by gains in SoftBank and Fast Retailing. Data showed bank lending rose 4.1 percent annually in October, while Japan’s current account surplus jumped 191.6 percent on year. Elsewhere in Asia, South Korea and Singapore are higher, while China and Indonesia are slightly lower.
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