Global Markets:
- Asian Stock Markets : Nikkei up 1.25%, Shanghai Composite up 0.50% Hang Seng down 0.76% ASX up 0.37%
- Commodities : Gold at $4,137.25 (1.49%) Silver at $60.080 (1.67%), Brent Oil at 92.06 (1.15%), WTI Oil at 85.21 (1.23%)
- Rates : US 10-year yield at 4.622, UK 10-year yield at 5.0304, Germany 10-year yield at 3.1655
News & Data:
- (USD) ADP Weekly Employment Change
- 16.5k to 19.3k expected
Markets Update:
Stock futures were little changed in overnight trading Tuesday as investors prepared for another busy day of corporate earnings. Dow Jones Industrial Average futures slipped 16 points, while S&P 500 and Nasdaq-100 futures traded near the flatline.
Asian markets were mixed. South Korea’s Kospi surged more than 5%, with the Kosdaq gaining 2%. Japan’s Nikkei 225 advanced 0.34%, while Australia’s S&P/ASX 200 edged up 0.12%. Hong Kong’s Hang Seng fell 0.66%, whereas China’s CSI 300 added 0.15%.
On Tuesday, Wall Street ended a three-session losing streak, supported by stronger-than-expected earnings from 3M and General Motors. Semiconductor stocks also boosted sentiment, with the VanEck Semiconductor ETF rising 4% as investors returned to artificial intelligence-related companies.
Markets remain focused on whether continued demand for AI infrastructure and software can support elevated technology valuations. Julia Hermann, global market strategist at New York Life Investment Management, said investors are awaiting results from major hyperscalers to better assess how AI investments are translating into future revenue growth and capital spending.
Attention now shifts to earnings from ServiceNow, IBM, Tesla, Texas Instruments, Alphabet and AT&T, with investors looking for updates on AI spending, cloud demand and business technology budgets.
Meanwhile, oil prices extended their rally amid escalating Middle East tensions. Brent crude settled at $91.01 per barrel, while U.S. West Texas Intermediate rose to $84.91, reflecting ongoing concerns over potential supply disruptions.
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