Global Markets:
- Asian Stock Markets : Nikkei up 0.93%, Shanghai Composite down 0.18%, Hang Seng up 0.24% ASX up 0.21%
- Commodities : Gold at $3247.35 (0.09%), Silver at $32.47 (0.58%), Brent Oil at $65.35 (0.45%), WTI Oil at $61.86 (0.34%)
- Rates : US 10-year yield at 4.346, UK 10-year yield at 4.6635, Germany 10-year yield at 2.5210
News & Data:
- (CAD) Wholesale Sales m/m 0.3% to 0.4% expected
Markets Update:
Asia-Pacific markets mostly rose on Tuesday, following gains in U.S. markets driven by a tech rally. Japan’s Nikkei 225 climbed 1.08%, while the broader Topix index advanced 1.29%. In South Korea, the Kospi gained 0.93%, and the Kosdaq added 0.29%. Hong Kong’s Hang Seng Index edged up 0.16% amid volatile trading, while China’s CSI 300 remained flat. Australia’s S&P/ASX 200 rose 0.41%.
India’s markets saw strong early gains, with the Nifty 50 jumping 2.10% and the BSE Sensex rising 2.26%. Investors are awaiting India’s March inflation data, with economists expecting the consumer price index to come in at 3.60%, slightly down from 3.61% in February. The wholesale price index is projected to rise to 2.5%, up from 2.38%.
Meanwhile, U.S. futures dipped slightly as markets braced for first-quarter earnings reports and evaluated President Trump’s new tariff plans. The U.S. Commerce Department announced investigations into the impact of semiconductor and pharmaceutical imports on national security.
Despite some uncertainty, U.S. markets closed higher overnight. The Dow Jones Industrial Average rose by 312.08 points (0.78%) to 40,524.79. The Nasdaq Composite gained 0.64% to 16,831.48, and the S&P 500 advanced 0.79% to close at 5,405.97. The rally was largely attributed to a surge in tech stocks, boosted by a surprise tariff exemption announced by Trump.
Upcoming Events:
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- 12:30 PM GMT – CAD Trimmed CPI y/y
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