Global Markets:
- Asian Stock Markets : Nikkei down 0.13%, Shanghai Composite up 0.61%, Hang Seng up 1.86% ASX down 0.34%
- Commodities : Gold at $2915.35 (0.93%), Silver at $32.75 (0.38%), Brent Oil at $75.19 (0.69%), WTI Oil at $71.54 (0.73%)
- Rates : US 10-year yield at 4.487, UK 10-year yield at 4.476, Germany 10-year yield at 2.377
News & Data:
- (EUR) Sentix Investor Confidence -12.7 to -16.4 expected
Markets Update:
Asia-Pacific markets traded mixed on Tuesday as investors evaluated U.S. President Donald Trump’s new tariff measures. On Monday, Trump signed an order imposing a 25% tariff on steel and aluminum imports into the U.S., raising concerns about potential trade tensions.
In response, Australia’s S&P/ASX 200 remained flat, while South Korea’s Kospi gained 0.72% and the small-cap Kosdaq added 0.35%. Hong Kong’s Hang Seng Index declined 0.56%, and mainland China’s CSI 300 slipped 0.36%. Meanwhile, Japan’s markets were closed due to a public holiday.
Singapore’s Straits Times Index fell 0.44% after reaching a record intraday high of 3,910.12 on Monday. India’s Nifty 50 dropped 0.32%, while the BSE Sensex hovered near the flatline. U.S. markets, however, saw gains, with major indices closing higher as tech stocks outperformed. The Dow Jones Industrial Average rose 167.01 points, or 0.38%, to close at 44,470.41, boosted by a 4.8% surge in McDonald’s shares. The S&P 500 climbed 0.67% to 6,066.44, while the Nasdaq Composite gained 0.98% to reach 19,714.27.
Investors are now focusing on Federal Reserve Chair Jerome Powell, who is set to testify before Congress later in the day. His remarks could provide insights into future monetary policy and economic outlook, influencing market sentiment further.
Upcoming Events:
- 03:00 PM GMT – USD Fed Chair Powell Testifies
