Global Markets:
- Asian Stock Markets : Nikkei up 0.38%, Shanghai Composite down 0.12%, Hang Seng up 0.02% ASX up 0.92%
- Commodities : Gold at $3322.35 (-0.79%), Silver at $32.8 (-0.49%), Brent Oil at $64.18 (-0.15%), WTI Oil at $61.30 (-0.19%)
- Rates : US 10-year yield at 4.217, UK 10-year yield at 4.5050, Germany 10-year yield at 2.5065
News & Data:
- (CAD) Core Retail Sales m/m 0.5% to -0.1% expected
- (CAD) Retail Sales m/m -0.4% to -0.4% expected
Markets Update:
Asia-Pacific markets mostly edged higher on Tuesday as investors awaited key U.S. corporate earnings and economic data, closely watching how President Donald Trump’s tariffs might impact business performance. Sentiment was also influenced by ongoing trade negotiations between the U.S. and several Asia-Pacific nations.
In China, the CSI 300 index dipped slightly by 0.13%, while Hong Kong’s Hang Seng Index managed a small gain of 0.12% after trimming earlier advances. In India, the Nifty 50 rose 0.22%, whereas the BSE Sensex remained largely unchanged.
South Korea’s Kospi index gained 0.63%, with the tech-heavy Kosdaq rising 1.03%, reflecting investor confidence in smaller-cap stocks. Australia’s S&P/ASX 200 also posted a strong performance, climbing 0.96%. Japanese markets were closed due to a public holiday.
U.S. stock futures were relatively flat after a volatile Monday session that saw major indices swing between gains and losses. The S&P 500 recorded a slight increase of 0.06%, closing at 5,528.75 — its fifth consecutive winning session. The Dow Jones Industrial Average added 114.09 points, or 0.28%, finishing at 40,227.59. Meanwhile, the Nasdaq Composite slipped 0.1% to end the day at 17,366.13.
Investors were particularly focused on the performance of major tech firms ahead of their earnings reports. Among the “Magnificent Seven,” Apple and Meta Platforms ended up around 0.4% each. Microsoft declined 0.2%, while Amazon fell 0.7%, reflecting some pre-earnings caution in the tech sector.
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