Global Markets:
- Asian Stock Markets : Nikkei down 0.35%, Shanghai Composite up 0.16% Hang Seng down 0.57% ASX up 1.23%
- Commodities : Gold at $4,112.72 (0.54%) Silver at $59.000 (1.98%), Brent Oil at 84.95 (1.41%), WTI Oil at 81.16 (1.03%)
- Rates : US 10-year yield at 4.694, UK 10-year yield at 4.9565, Germany 10-year yield at 3.1519
News & Data:
- (USD) ISM Manufacturing PMI 55.6 to 54.0 expected
Markets Update:
U.S. stock futures traded slightly higher on Monday night after Wall Street posted strong gains during the regular session, driven by declining oil prices and a powerful rally in major technology stocks. Dow Jones Industrial Average futures rose 0.2%, or 83 points, while S&P 500 futures added 0.1% and Nasdaq-100 futures climbed 0.2%.
Asian markets also advanced on Tuesday, led by South Korea. The Kospi gained 1.46%, while the small-cap Kosdaq jumped 3%. Japan’s Nikkei 225 rose 0.7%, the Topix edged slightly higher, and Australia’s S&P/ASX 200 increased 0.15%.
The Dow Jones closed at a record high on Monday as Amazon surpassed a $3 trillion market capitalization for the first time. Nvidia, Meta Platforms, Alphabet, and Microsoft also posted solid gains, boosting overall market sentiment.
Jose Torres, senior economist at Interactive Brokers, said encouraging manufacturing and services data, combined with positive corporate earnings, strengthened confidence that companies could deliver attractive shareholder returns despite cheaper technology valuations following the recent selloff.
Oil prices declined sharply, providing additional support for equities. WTI crude fell 5.1% to settle at $80.34 per barrel after President Donald Trump backed away from plans for additional attacks on Iran.
Investors now await earnings from Caterpillar, McDonald’s, and AMD, alongside June factory orders and international trade data.
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