Global Markets:
- Asian Stock Markets : Nikkei down 0.29%, Shanghai Composite up 0.67%, Hang Seng up 1.7% ASX down 0.14%
- Commodities : Gold at $3345.35 (0.59%), Silver at $38.08 (2.19%), Brent Oil at $68.20 (0.19%), WTI Oil at $66.8 (0.43%)
- Rates : US 10-year yield at 4.368, UK 10-year yield at 4.595, Germany 10-year yield at 2.655
News & Data:
- (USD) Unemployment Claims 227K to 236K expected
Markets Update:
Asian stock markets experienced a mixed trading session on Friday, July 11, 2025, as investor sentiment was swayed by a combination of global trade tensions, particularly new tariff announcements from the US, and ongoing corporate earnings reports. While some regional indices showed resilience, others faced downward pressure.
In India, benchmark indices Sensex and Nifty opened lower, with the Sensex dropping over 600 points and the Nifty falling below the 25,200 mark. This decline was largely attributed to weaker-than-expected earnings from key companies like TCS, whose shares slipped after reporting a revenue decrease in constant currency terms for Q1 FY26. Other IT stocks also saw declines. Broader Indian markets also consolidated downwards, with analysts recommending a cautious, selective approach during the earnings season.
Across other major Asian markets, performance varied. The Shanghai Composite Index saw a slight gain, while the Hang Seng Index also edged up. In contrast, Australia’s S&P/ASX 200 and South Korea’s Kospi experienced minor dips. Japan’s Nikkei 225 registered a modest increase.
The overarching theme impacting markets was US President Donald Trump’s new tariff announcements, including a 35% tariff on Canadian goods and discussions of broader tariffs on other trading partners. Despite these concerns, Wall Street had closed at record highs on Thursday, providing some positive global cues. However, oil prices saw a decline, and gold prices edged up as investors reacted to the evolving trade landscape. The market remains sensitive to geopolitical developments and corporate performance as the earnings season progresses.
Upcoming Events:
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- 06:00 PM GMT – CAD Employment Change
