Global Markets:
- Asian Stock Markets : Nikkei down 0.20%, Shanghai Composite down 0.99%, Hang Seng down 2.02% ASX down 1.20%
- Commodities : Gold at $4736.66 (-0.15%) Silver at $80.804 (3.16%), Brent Oil at $66.44 (-4.11%), WTI Oil at $62.48 (-4.28%)
- Rates : US 10-year yield at 4.249, UK 10-year yield at 4.5250, Germany 10-year yield at 2.8446
News & Data:
- (CAD) GDP m/m 0.0% to 0.1% expected
Markets Update:
Asian stock markets are trading mostly lower on Monday, tracking broadly negative cues from Wall Street after renewed inflation concerns in the United States. Investor sentiment weakened following data showing U.S. producer prices rose more than expected in December, raising fears that inflationary pressures may persist. Fresh tariff threats from U.S. President Donald Trump further dampened risk appetite, while regional currencies softened against the U.S. dollar. Asian markets had ended mostly lower on Friday.
Australian equities are sharply lower, extending losses for a fourth straight session. The benchmark S&P/ASX 200 index slipped below the 8,800 mark, weighed down by broad-based selling led by technology and gold stocks. Major miners such as BHP Group, Mineral Resources and Rio Tinto declined, while oil producers and tech stocks also traded mostly weaker. Gold miners saw steep losses, reflecting pressure from a stronger dollar. Among banks, Commonwealth Bank edged higher, though National Australia Bank declined. Shares of GrainCorp plunged after the company cut its full-year earnings guidance.
In Japan, the Nikkei 225 traded modestly higher, reversing earlier losses despite weak global cues. Gains were led by automakers, exporters and select technology stocks, supported by improved risk sentiment. Japanese manufacturing activity returned to expansion in January, providing some support to markets.
Elsewhere in Asia, Hong Kong, China, Singapore and Taiwan declined, while New Zealand and Indonesia posted gains. South Korea was largely flat, and Malaysia remained closed for a public holiday.
On Wall Street, major U.S. indices closed lower on Friday, led by declines in technology stocks, while European markets finished higher. Crude oil prices edged down amid dollar strength and easing geopolitical concerns.
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