Global Markets:
- Asian Stock Markets : Nikkei up 2.26%, Shanghai Composite up 0.76%, Hang Seng up 2.21% ASX down 0.01%
- Commodities : Gold at $2331.5 (-0.45%), Silver at $27.27 (-0.36%), Brent Oil at $88.43 (-0.18%), WTI Oil at $83.11 (-0.14%)
- Rates : US 10-year yield at 4.62, UK 10-year yield at 4.32, Germany 10-year yield at 2.52
News & Data:
- (USD) Flash Manufacturing PMI 49.9 vs 52.0 expected
- (USD) Flash Services PMI 50.9 vs 52.0 expected
Markets Update:
The Nikkei 225 in Japan led gains in Asia, rising 2.26% to 38,460.08, while the Topix was up 1.67% at 2,710.73. Australia’s first-quarter inflation figures showed the consumer price index rose 3.6% year-over-year, slightly above a Reuters poll expectation of a 3.5% rise. However, this marked its fifth straight quarter of slowing inflation. The S&P/ASX 200 ended just below the flatline at 7,683 after the CPI reading.
South Korea’s Kospi climbed 2.01%, closing at 2,675.75, powered by a 4.11% gain in heavyweight Samsung Electronics, while the small-cap Kosdaq was 1.99% higher at 862.23. Hong Kong’s Hang Seng index rose 2.08%, while the Hang Seng Tech index gained 3.5%. Shares of Sensetime soared 31.2% before trading was halted at 11:15 a.m. China’s CSI 300 closed 0.44% higher at 3,521.62.
In the U.S., all three major indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates. The Dow Jones Industrial Average climbed 0.69%, marking a four-day winning streak. The S&P 500 gained 1.2%, while the Nasdaq Composite saw the largest gain of 1.59%.
Upcoming Events:
- 12:30 PM GMT – CAD Core Retail Sales m/m
- 12:30 PM GMT – CAD Retail Sales m/m
- 12:30 PM GMT – USD Core Durable Goods Orders m/m
- 12:30 PM GMT – USD Durable Goods Orders m/m
