Global Markets:
- Asian Stock Markets : Nikkei down 0.93%, Shanghai Composite up 0.33%, Hang Seng up 0.93% ASX down 0.38%
- Commodities : Gold at $3067.35 (0.60%), Silver at $34.3 (0.68%), Brent Oil at $73.05 (0.5%), WTI Oil at $69.6 (0.04%)
- Rates : US 10-year yield at 4.357, UK 10-year yield at 4.7300, Germany 10-year yield at 2.7895
News & Data:
- (USD) Core Durable Goods Orders m/m 0.7% to 0.2% expected
- (USD) Durable Goods Orders m/m 0.9% to -1.1% expected
Markets Update:
Asia-Pacific markets showed mixed performance on Thursday, following Wall Street losses as investors reacted to U.S. President Donald Trump’s decision to impose 25% tariffs on auto imports.
Japan’s Nikkei 225 dropped 1.01% in its final hour of trading, while the broader Topix index declined 0.53%. In South Korea, the Kospi fell 1.19%, and the small-cap Kosdaq slipped 1.06%.
Hong Kong’s Hang Seng Index gained 0.87%, while China’s CSI 300 edged up 0.4%. India’s Nifty 50 opened 0.42% higher, and the BSE Sensex climbed 0.48%. Meanwhile, Australia’s S&P/ASX 200 closed 0.38% lower at 7,969.
U.S. futures dipped after key Wall Street indexes posted losses overnight. The S&P 500 declined 1.12% to close at 5,712.20, while the Dow Jones Industrial Average shed 132.71 points (0.31%) to finish at 42,454.79. The Nasdaq Composite, driven by weakness in tech stocks, tumbled 2.04% to 17,899.01 as Nvidia shares plummeted nearly 6%.
Upcoming Events:
- 12:30 PM GMT – USD Final GDP q/q
- 12:30 PM GMT – USD Unemployment Claims
