Global Markets:
- Asian Stock Markets : Nikkei down -0.09%, Shanghai Composite up 0.21%, Hang Seng up 0.05% ASX down -0.33%
- Commodities : Gold at $4,005.21 (-0.36%), Silver at $46.815 (0.09%), Brent Oil at $64.85 (-0.08%), WTI Oil at $61.26 (-0.08%)
- Rates : US 10-year yield at 3.983, UK 10-year yield at 4.4030, Germany 10-year yield at 2.6167
News & Data:
- (GBP) CBI Realized Sales -27 to -28 expected
Markets Update:
Asian stock markets traded mixed on Tuesday, tracking the broadly positive cues from Wall Street overnight as investors remained cautious ahead of key monetary policy announcements from the U.S. Federal Reserve, European Central Bank, and Bank of Japan. Optimism surrounding a potential U.S.-China trade deal and an expected Fed rate cut supported sentiment. The Fed is widely anticipated to lower rates by 25 basis points on Wednesday, with CME Group’s FedWatch Tool indicating a 97.8% probability of a cut this week and 93% odds of another in December.
In Australia, the S&P/ASX 200 slipped 0.41% to 9,018.80 amid broad-based weakness led by gold miners and tech stocks, while banks gained. WiseTech Global plunged 17% following a regulatory raid, and CSL tumbled over 14% after trimming revenue guidance. Domino’s soared more than 17% after reports of a potential buyout, while AUB Group gained 9% on a takeover proposal.
In Japan, the Nikkei 225 fell 0.18% to 50,419.96 as investors booked profits from Monday’s rally. Nidec slumped 19%, offsetting gains in SoftBank and Tokyo Electron.
Elsewhere, South Korea, Hong Kong, Malaysia, and Indonesia edged lower, while China remained flat. On Wall Street, major U.S. indexes hit fresh record highs Monday, with the Nasdaq jumping 1.9% and the S&P 500 gaining 1.2%. Crude oil prices eased slightly to $61.42 a barrel.
Upcoming Events:
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