Global Markets:
- Asian Stock Markets : Nikkei up 0.98%, Shanghai Composite down 0.17%, Hang Seng down 1.15% ASX up 0.03%
- Commodities : Gold at $3373.35 (-0.69%), Silver at $33.68 (0.29%), Brent Oil at $64.8 (0.29%), WTI Oil at $61.8 (0.49%)
- Rates : US 10-year yield at 4.552, UK 10-year yield at 4.6770, Germany 10-year yield at 2.5740
News & Data:
- (CAD) Core Retail Sales m/m -0.7% to -0.1% expected
- (CAD) Retail Sales m/m 0.8% to 0.6% expected
Markets Update:
Asia-Pacific markets experienced a mixed trading day on Monday, with investor sentiment influenced by U.S. President Donald Trump’s decision to postpone 50% tariffs on European Union imports.
Japanese markets saw gains, with the Nikkei 225 rising 0.86% and the broader Topix index adding 0.46%. South Korea’s Kospi also advanced, up 1.15%, while the small-cap Kosdaq increased by 1.38%.
In contrast, mainland Chinese markets saw declines, with the CSI 300 index falling 0.73%. Hong Kong’s Hang Seng Index also dropped by 1%. Meanwhile, India’s Nifty 50 moved up 0.78% in early trade, and the BSE Sensex rose 0.77%. Australia’s S&P/ASX 200 remained largely flat.
U.S. futures showed a slight uptick in early Asian trading, though U.S. markets were closed for Memorial Day. This follows a downturn on Wall Street last Friday, where all three major benchmarks declined. The S&P 500 shed 0.67%, the Nasdaq Composite dropped 1%, and the Dow Jones Industrial Average lost 0.61%.
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