Global Markets:
- Asian Stock Markets : Nikkei up 2.28%, Shanghai Composite down 0.27%, Hang Seng up 0.01% ASX up 0.56%
- Commodities : Gold at $2639.35 (0.24%), Silver at $31.19 (0.68%), Brent Oil at $72.04 (0.16%), WTI Oil at $68.27 (0.19%)
- Rates : US 10-year yield at 4.207, UK 10-year yield at 4.209, Germany 10-year yield at 2.0335
News & Data:
- (CAD) Manufacturing PMI 52.0 vs 50.8 expected
- (USD) Final Manufacturing PMI 48.4 vs 47.7 expected
Markets Update:
Asia-Pacific markets climbed on Tuesday, mirroring Wall Street’s positive momentum after the S&P 500 and Nasdaq Composite set new record highs overnight.
Australia’s S&P/ASX 200 gained 0.71%, while Japan’s Nikkei 225 surged 2.22%, and the Topix advanced 1.71%. In South Korea, the Kospi rose 1.71%, and the Kosdaq climbed 2.03%. Meanwhile, South Korea’s November inflation rate increased to 1.5% year-over-year, up from October’s 1.3% but slightly below the 1.7% forecast by economists polled by Reuters. Hong Kong’s Hang Seng Index edged up 0.36%, and the CSI 300 remained flat.
Investors are gearing up for a wave of economic data and remarks from Federal Reserve officials, which are expected to shape the outlook for interest rates.
In the U.S., the S&P 500 rose 0.24%, closing at 6,047.15, while the Nasdaq Composite jumped 0.97%, finishing at 19,403.95. Both indices reached all-time intraday and closing highs. However, the Dow Jones Industrial Average dipped 0.29%, losing 128.65 points to settle at 44,782.00. Despite briefly surpassing the 45,000 mark—a key psychological threshold touched last week—the blue-chip index ended lower.
Market participants are keenly awaiting the U.S. November payrolls report, set to be released on Friday. This data will likely provide critical insights into labor market conditions ahead of the Federal Reserve’s policy meeting scheduled for December 17-18.
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