Global Markets:
- Asian Stock Markets : Nikkei up 1.34%, Shanghai Composite down 0.24% Hang Seng up 0.16% ASX down 0.24%
- Commodities : Gold at $4,814.64(-0.31%) Silver at $78.998 (-1.32%), Brent Oil at $94.81 (-0.71%), WTI Oil at $86.48 (-1.06%)
- Rates : US 10-year yield at 4.250, UK 10-year yield at 4.8410, Germany 10-year yield at 2.9765
News & Data:
- (CAD) CPI m/m 0.9% to 1.1% expected
Markets Update:
Asia-Pacific markets traded mixed on Tuesday as investors weighed cautious optimism over a possible resolution to the Middle East conflict against continuing tensions between Iran and the United States. Iran’s parliament speaker Mohammad Bagher Ghalibaf accused President Donald Trump of undermining the ceasefire and attempting to pressure Tehran into concessions, saying Iran would not negotiate under threats and had prepared additional strategic responses if needed.
His remarks followed Trump’s warning that “lots of bombs” could be used if a deal is not reached before the fragile ceasefire expires Tuesday evening, raising concerns about renewed military escalation. The warning came even as a U.S. delegation prepared to return to Pakistan for a potential second round of peace talks.
Despite geopolitical uncertainty, investors remained broadly optimistic about equities. Wells Fargo chief equity strategist Ohsung Kwon said the economic outlook for the next three months appeared stable.
Oil prices declined slightly, with West Texas Intermediate falling 1.14% and Brent crude dropping 0.59%. Regional markets were mixed: South Korea’s Kospi rose 2.22%, Japan’s Nikkei 225 gained 1.21%, while Australia’s S&P/ASX 200 slipped 0.28%. Hong Kong’s Hang Seng edged higher, though mainland China’s CSI 300 fell.
U.S. futures rose modestly after Wall Street closed slightly lower overnight, ending the Nasdaq’s 13-day winning streak.
Upcoming Events:
- 12:30 PM GMT – CAD CPI m/m
