Global Markets:
- Asian Stock Markets : Nikkei up 0.35%, Shanghai Composite down -0.45%, Hang Seng down -0.59% ASX down -0.30%
- Commodities : Gold at $3,554.92 (0.25%), Silver at $41.718 (2.44%), Brent Oil at $68.71 (0.82%), WTI Oil at $65.23 (0.96%)
- Rates : US 10-year yield at 4.261, UK 10-year yield at 4.7840, Germany 10-year yield at 2.7767
News & Data:
- (EUR) Unemployment Rate 6.2% to 6.2% expected
Markets Update:
Asian stock markets traded mostly higher on Tuesday, tracking positive cues from European markets while Wall Street remained closed for Labor Day. Investors stayed cautious ahead of key U.S. jobs, inflation data, and the Federal Reserve’s upcoming rate decision. Asian markets had ended mixed on Monday.
In Australia, equities slipped modestly, extending losses from the previous two sessions. The benchmark S&P/ASX 200 fell 19.00 points, or 0.21 percent, to 8,908.70, while the broader All Ordinaries dropped 21.00 points, or 0.23 percent, to 9,175.80. Energy and technology stocks weighed on the market, though major miners like Rio Tinto and BHP inched higher. Oil producers Origin Energy and Woodside lost nearly 1 percent each, while Santos declined almost 3 percent. Tech names including Block and Zip edged lower, while Xero gained 0.3 percent. Gold miners were mixed, with Resolute Mining rising more than 2 percent. The big four banks posted slight gains. The Aussie dollar traded at $0.654.
Japan’s Nikkei 225 reversed earlier weakness, climbing 104.09 points, or 0.25 percent, to 42,292.88. Gains came from exporters like Panasonic and Canon, while heavyweights showed a mixed trend. Kirin Holdings and Sumitomo Pharma surged around 5 percent each.
Elsewhere, markets in New Zealand, Hong Kong, Singapore, South Korea, and Indonesia advanced, while China and Malaysia slipped. In Europe, the DAX rose 0.57 percent, and the FTSE 100 and CAC 40 posted small gains.
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