Global Markets:
- Asian Stock Markets : Nikkei down 1.34%, Shanghai Composite up 0.39%, Hang Seng down 0.87% ASX down 0.01%
- Commodities : Gold at $3341.35 (1.49%), Silver at $36.08 (0.19%), Brent Oil at $66.8 (0.19%), WTI Oil at $65.18 (0.13%)
- Rates : US 10-year yield at 4.211, UK 10-year yield at 4.483, Germany 10-year yield at 2.576
News & Data:
- (USD) Chicago PMI 40.4 to 42.7 expected
Markets Update:
Asia-Pacific markets traded mixed on Tuesday as investors weighed Wall Street’s record gains against global concerns over U.S. President Donald Trump’s tariff policies. His 90-day tariff reprieve is set to expire next week, adding to uncertainty. U.S. Treasury Secretary Scott Bessent noted that while some countries are “negotiating in good faith,” tariffs could still “spring back” to the levels announced on April 2 if talks fail.
Mainland China’s CSI 300 rose 0.18% in its final hour of trade. China’s Caixin/S&P Global manufacturing PMI for June came in at 50.4, better than the 49 forecast by Reuters. In Japan, the Nikkei 225 fell 1.24% after hitting an 11-month high in the previous session, while the Topix declined 0.74%. South Korea’s Kospi gained 0.58%, and the Kosdaq rose 0.28%. Australia’s S&P/ASX 200 ended flat at 8,451.10. India’s Nifty 50 and BSE Sensex were also little changed. Hong Kong markets remained closed for a public holiday.
U.S. stock futures slipped in Asian hours after two of Wall Street’s key indexes posted record closes on Monday. The S&P 500 rose 0.52% to 6,204.95, the Nasdaq gained 0.47% to 20,369.73, and the Dow advanced 0.63% to 44,094.77. Canada dropped its digital services tax to ease tensions after Trump ended trade talks with Ottawa.
Upcoming Events:
- 02:00 PM GMT – USD ISM Manufacturing PMI
- 02:00 PM GMT – USD JOLTS Job Openings
