Global Markets:
- Asian Stock Markets : Nikkei up 1.67, Shanghai Composite closed, Hang Seng up 0.29 ASX up 0.51%
- Commodities : Gold at $1835.45 (0.08%), Silver at $21.25 (0.45%), Brent Oil at $86.18 (0.48%), WTI Oil at $84.475 (0.34%)
- Rates : US 10-year yield at 4.745, UK 10-year yield at 4.6655, Germany 10-year yield at 2.945
News & Data:
- (USD) ADP Non-Farm Employment Change 89K vs 154K expected
- (USD) Final Services PMI 50.1 vs 50.2 expected
- (USD) ISM Services PMI 53.6 vs 53.5 expected
Markets Update:
Markets in the Asia-Pacific region showed an upward trajectory as U.S. Treasury yields retreated from their 16-year highs, influenced by underwhelming job data. In Japan, the Nikkei 225 surged by 1.67%, concluding the day at 31,075.36, while the Topix index gained 2.02%, finishing at 2,263.76. South Korea’s Kospi experienced a minor decline of 0.09%, closing at 2,403.6, whereas the Kosdaq fell by 0.79% to reach 801.02. This drop came after South Korea’s consumer price index for September reported a 3.7% increase compared to the previous year, exceeding Reuters’ forecast of a 3.4% rise.
Australia’s S&P/ASX 200 managed to climb 0.51%, ending the session at 6,925.5. Hong Kong’s Hang Seng index also exhibited a positive trend, rising by 0.33%. However, Chinese markets remained closed due to an ongoing weeklong holiday.
In the United States, the previous night saw all three major indexes closing on a positive note. The Dow Jones Industrial Average, after a three-day decline, recorded a 0.39% gain to conclude at 33,129.55. The S&P 500 added 0.81%, closing at 4,263.75, and the Nasdaq Composite saw a robust gain of 1.35%, ending the day at 13,236.01.
Upcoming Events:
- 12:30 PM GMT – CAD Trade Balance
- 12:30 PM GMT – USD Unemployment Claims
- 12:30 PM GMT – USD Trade Balance
- 2:00 PM GMT – CAD Ivey PMI
- 2:30 PM GMT – USD Natural Gas Storage
