Global Markets:
- Asian Stock Markets : Nikkei down 0.9%, Shanghai Composite down 0.05%, Hang Seng down 1.02% ASX down 0.01%
- Commodities : Gold at $3369.35 (0.19%), Silver at $38.18 (0.09%), Brent Oil at $69.19 (-0.19%), WTI Oil at $66.68 (-0.13%)
- Rates : US 10-year yield at 4.404, UK 10-year yield at 4.6470, Germany 10-year yield at 2.6880
News & Data:
- (GBP) CBI Realized Sales -34 to -28expected
Markets Update:
Asian stock markets traded mostly lower on Tuesday as investors remained cautious ahead of the U.S. Federal Reserve’s interest rate decision and the outcome of U.S.-China trade talks. Concerns also grew in Europe, where several leaders criticized the proposed EU-U.S. trade agreement as “lopsided” and “unsustainable.” On Monday, most Asian markets had ended on a positive note, but Tuesday saw a pullback across major indices.
In Australia, the ASX 200 dropped 0.35% to 8,667.70, with losses in technology and financial stocks offsetting gains in energy. Tech firms like Appen and Zip declined sharply, while energy players such as Woodside and Santos saw modest gains. Major miners were mixed—Fortescue fell over 1%, while Rio Tinto edged up. Shares in Viva Energy plunged over 9% after flagging weak earnings.
Japan’s Nikkei 225 extended its losing streak, falling nearly 1% as automakers, financials, and exporters dragged the index lower. Companies like Honda and Toyota lost close to 2%, and tech firm Lasertec slid almost 7%. However, Nomura Research Institute surged more than 8%, providing some relief to the broader market. The yen traded in the high 148 range against the U.S. dollar.
Meanwhile, Wall Street posted a mixed close on Monday, with the Nasdaq and S&P 500 hitting new record highs despite choppy trade. Oil prices surged, with WTI crude rising 2.64% to $66.88 per barrel following news of a U.S.-EU tariff deal.
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