Global Markets:
- Asian Stock Markets : Nikkei up 3.13%, Shanghai Composite up 1.34% Hang Seng down 0.01% ASX up 0.74%
- Commodities : Gold at $4,196.55 (1.05%) Silver at $61.108 (1.42%), Brent Oil at 78.72 (-0.81%), WTI Oil at 74.99 (-1.03%)
- Rates : US 10-year yield at 4.605, UK 10-year yield at 4.8965, Germany 10-year yield at 3.1163
News & Data:
- (USD) JOLTS Job Openings 7.36M to 7.44M expected
Markets Update:
U.S. stock futures were little changed Tuesday night after Wall Street extended its strong rally for a second straight session, with the S&P 500 closing at a fresh record high. Dow Jones futures gained 0.2%, S&P 500 futures edged up 0.1%, while Nasdaq-100 futures slipped 0.2%.
Asian markets were mostly higher, led by South Korea, where the Kospi surged more than 4% and the Kosdaq gained 2%. Japan’s Nikkei 225 climbed 3.1%, while Australia’s S&P/ASX 200 posted modest gains. Hong Kong’s Hang Seng fell 0.4%, and China’s CSI 300 traded largely flat.
In after-hours trading, AMD dropped 8% after reporting earnings that only narrowly exceeded expectations. SpaceX declined nearly 7% after announcing higher capital expenditures.
Tuesday’s rally was fueled by strong corporate earnings and optimism after U.S. Treasury Secretary Scott Bessent suggested progress toward reopening the Strait of Hormuz. The S&P 500 rose 1.8% above the 7,700 level, while the Dow advanced more than 900 points. Oil prices also eased, with WTI crude settling at $75.77 per barrel.
Strong results from Caterpillar and a nearly 30% surge in Palantir further lifted sentiment. Investors now await earnings from Disney, Uber, Eli Lilly, DoorDash, and E.l.f. Beauty, along with the ADP private payrolls report and key U.S. services sector data due Wednesday.
Upcoming Events:
- 12:15 PM GMT – USD ADP Non-Farm Employment Change
- 2:00 PM GMT – USD ISM Services PMI
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