Global Markets:
- Asian Stock Markets : Nikkei up 1.45%, Shanghai Composite up 2.13%, Hang Seng up 1.57% ASX down 0.46%
- Commodities : Gold at $2745.35 (0.04%), Silver at $32.60 (0.04%), Brent Oil at $75.34 (0.16%), WTI Oil at $71.53 (0.09%)
- Rates : US 10-year yield at 4.303, UK 10-year yield at 4.456, Germany 10-year yield at 2.390
News & Data:
- (USD) Factory Orders m/m -0.5% vs -0.4% expected
Markets Update:
Asia-Pacific markets had a mixed session on Tuesday as investors looked ahead to the U.S. presidential election and a potential interest rate cut by the Federal Reserve later this week.
Japan’s Nikkei 225 climbed 1.4%, and the Topix gained 0.73%. Meanwhile, South Korea’s Kospi declined by 0.17%, while the Kosdaq saw a modest increase of 0.2%. South Korea’s consumer inflation rate in October rose 1.3% year-on-year, slightly below Reuters’ forecast of 1.4%.
In China, the CSI 300 gained 1.53%, while Hong Kong’s Hang Seng Index was up 1.5%. Australia’s S&P/ASX 200 declined 0.56% as the Reserve Bank of Australia kept its cash rate steady at 4.35%, marking the eighth consecutive meeting with no change, in line with expectations.
In the United States, markets had a down day on Monday. The Dow Jones Industrial Average fell 257.59 points, or 0.61%, to 41,794.60. The S&P 500 edged down 0.28% to 5,712.69, while the Nasdaq Composite dropped 0.33% to close at 18,179.98.
Upcoming Events:
- 01:30 PM GMT – USD Trade Balance
- 01:30 PM GMT – CAD Trade Balance
