Global Markets:
- Asian Stock Markets : Nikkei up 3.12%, Shanghai Composite down 0.03%, Hang Seng up 1.00% ASX up 0.88%
- Commodities : Gold at $4,606.05 (+0.19%), Silver at $85.502 (+0.50%), Brent Oil at $64.11 (+0.39%), WTI Oil at $59.77 (+0.76%)
- Rates : US 10-year yield at 4.177, UK 10-year yield at 4.3720, Germany 10-year yield at 2.8014
News & Data:
- (EUR) Sentix Investor Confidence -1.8 to -5.1 expected
Markets Update:
Asian stock markets were trading mostly higher on Tuesday, extending the recent global equity rally despite mixed cues from Wall Street overnight. Gains were led by Japan and Hong Kong, supported by strength in mining and technology stocks, as investors remained optimistic about the outlook for interest rates. Asian markets had closed mostly higher on Monday.
The U.S. Federal Reserve is widely expected to keep interest rates unchanged at its upcoming meeting, though markets continue to price in at least one quarter-point rate cut in the coming months.
In Australia, the stock market advanced sharply, building on gains from the previous session. The S&P/ASX 200 index climbed near the 8,850 level, supported by strong buying in financial and mining stocks, which offset weakness in energy shares. Major miners such as BHP Group and Rio Tinto posted solid gains, while the big four banks also traded nearly 1 percent higher. Gold miners were broadly higher, while oil stocks lagged.
Economic data showed consumer sentiment in Australia weakened further in January, reflecting lingering uncertainty around interest rate expectations. The Australian dollar was trading around $0.671.
Japanese markets surged, with the Nikkei 225 jumping over 3 percent, driven by heavy buying in technology, banking, and export-oriented stocks. Major gains were seen in technology names and automakers, while financial stocks also posted strong advances.
Elsewhere in Asia, Hong Kong led regional gains, while most other markets traded moderately higher. On Wall Street, U.S. stocks recovered from early losses to close at record highs, while European markets ended the day mixed. Oil prices edged higher amid concerns over potential supply disruptions.
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