Global Markets:
- Asian Stock Markets : Nikkei up 0.11%, Shanghai Composite up 0.93%, Hang Seng up 1.91%, ASX up 0.71%
- Commodities : Gold at $1951.40 (0.23%), Silver at $24.32 (0.46%), Brent Oil at $83.69 (-0.24%), WTI Oil at $79.88 (-0.27%)
- Rates : US 10-year yield at 4.181, UK 10-year yield at 4.497, Germany 10-year yield at 2.533
News & Data:
- (JPY) Unemployment Rate 2.7% vs 2.5% expected
Markets Update:
Asia-Pacific markets displayed a collective rise as Wall Street celebrated a successful day on Monday. Leading this surge were Hong Kong and Mainland Chinese stocks, extending their Monday gains.
Hong Kong’s Hang Seng index stood out with an impressive climb of over 2%. Meanwhile, on mainland China, the CSI 300 saw a notable advance of 1.31%. The tech stock sector notably drove the Shenzhen Component, which surged by 2.3%.
In Japan, the Nikkei 225 saw a modest uptick of 0.18%, maintaining its momentum from Monday and closing at 32,226.97. The Topix followed suit with a 0.16% increase, reaching 2,303.41.
Across the ocean, in the US, all major indexes exhibited positive movement. The Dow Jones Industrial Average marked a gain of 0.62%, while the S&P 500 and the Nasdaq Composite recorded increases of 0.63% and 0.84%, respectively.
The market rally on Monday showed broad strength, with ten out of eleven sectors in the S&P 500 contributing to the positive sentiment. The utilities sector was the only outlier, experiencing a marginal decline of 0.04%.
Upcoming Events:
- 1:00 PM GMT – USD S&P/CS Composite-20 HPI y/y
- 2:00 PM GMT – USD CB Consumer Confidence
- 2:00 PM GMT – USD JOLTS Job Openings
