Global Markets:
- Asian Stock Markets : Nikkei down -0.41%, Shanghai Composite down -0.53%, Hang Seng up 0.66% ASX down -0.52%
- Commodities : Gold at $3,683.00 (0.15%), Silver at $41.967 (0.16%), Brent Oil at $66.58 (0.85%), WTI Oil at $62.81 (0.88%)
- Rates : US 10-year yield at 4.056, UK 10-year yield at 4.6090, Germany 10-year yield at 2.6555
News & Data:
- (USD) Consumer Credit m/m 16.0B to 10.0B expected
Markets Update:
Asian stock markets traded mixed on Tuesday, reflecting caution ahead of U.S. inflation data later this week, even as Wall Street’s overnight gains supported sentiment. Optimism remains that weaker U.S. jobs figures could pave the way for a Federal Reserve rate cut this month. CME Group’s FedWatch Tool shows a 90.2 percent chance of a quarter-point reduction.
In Australia, equities fell, dragged by miners, energy, and financials, despite gold miners offering some support. The S&P/ASX 200 dropped 40.80 points, or 0.46 percent, to 8,808.80, while the All Ordinaries slipped 0.43 percent to 9,087.30. BHP and Rio Tinto lost over 1 percent each, while Fortescue gained nearly 1 percent. Beach Energy, Santos, and Woodside slipped close to 1 percent, while gold producer Resolute Mining surged more than 9 percent. The Aussie dollar traded at $0.660.
Japan’s Nikkei 225 rose 0.20 percent to 43,732.80, extending gains after Prime Minister Shigeru Ishiba’s resignation announcement. Tech names drove the advance, with Advantest soaring over 7 percent and Tokyo Electron up 3.5 percent. Exporters like Sony and Mitsubishi Electric added more than 2 percent, though Citizen Watch tumbled 5 percent. The U.S. dollar traded in the lower 147 yen range.
Elsewhere, Hong Kong, South Korea, and Taiwan gained 0.8–1.2 percent, while Singapore, New Zealand, and Indonesia slipped.
On Wall Street, the Nasdaq hit a record close, while oil prices firmed on Russia sanctions risks, partly offset by OPEC’s output hike.
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