Global Markets:
- Asian Stock Markets : Nikkei up 0.28%, Shanghai Composite up 0.05%, Hang Seng up 1.05% ASX up 0.66%
- Commodities : Gold at $2743.35 (-0.06%), Silver at $31.25 (0.8%), Brent Oil at $80.09 (-0.19%), WTI Oil at $76.74 (0.43%)
- Rates : US 10-year yield at 4.548, UK 10-year yield at 4.658, Germany 10-year yield at 2.492
News & Data:
- (CHF) PPI m/m 0.0% vs 0.2% expected
Markets Update:
Asia-Pacific markets advanced on Tuesday as investors looked for clearer signals on U.S. President Donald Trump’s economic policies following his inauguration. Markets across the region saw moderate gains, with Australia’s S&P/ASX 200 rising 0.68%. Japan’s Nikkei 225 inched up 0.15%, while the Topix remained flat amid volatile trading. South Korea’s Kospi added 0.17%, though the Kosdaq slipped 0.32%. Meanwhile, Hong Kong’s Hang Seng Index surged 1.12%, leading the region, and China’s CSI300 Index reversed losses to climb 0.39%.
Investors are also focused on upcoming central bank meetings in Asia. Malaysia’s central bank is expected to keep its interest rate steady at 3% on Wednesday. Japan’s Bank of Japan is set to meet from January 23 to 24, with Governor Kazuo Ueda hinting at potential rate hikes. Singapore’s Monetary Authority will hold its policy meeting on Friday. These meetings could shape market sentiment in the coming days.
In the U.S., markets were closed in observance of Martin Luther King Jr. Day. However, stock futures moved higher after Trump’s inauguration, fueled by his promise of a “golden age” for the economy. He signed several executive orders but notably did not introduce any tariffs.
Following the inauguration, futures on the S&P 500 climbed 0.5%, Nasdaq 100 futures gained 0.6%, and Dow Jones Industrial Average futures advanced 221 points (0.5%). Global investors now await further policy announcements that could impact financial markets.
Upcoming Events:
- 01:30 PM GMT – CAD CPI m/m
- 01:30 PM GMT – CAD Median CPI m/m
- 01:30 PM GMT – CAD Trimmed CPI m/m
