Global Markets:
● Asian Stock Markets : Nikkei down 0.55%, Shanghai Composite up 0.31% Hang Seng down 0.55% ASX down 0.08%
● Commodities : Gold at $4,170.37 (-0.40%) Silver at $61.182 (-0.65%), Brent Oil at 101.58 (0.99%), WTI Oil at 90.21 (0.86%)
● Rates : US 10-year yield at 5.304, UK 10-year yield at 5.3796, Germany 10-year yield at 3.4808
News & Data:
● (CAD) Ivey PMI
58.2 to 65.2 expected
Markets Update:
U.S. equity futures were little changed Tuesday evening after the S&P 500 reached a fresh intraday record and posted an all-time closing high, supported by a rally in technology stocks.
Dow Jones Industrial Average futures rose 37 points, or 0.07%, while S&P 500 futures gained 0.09% and Nasdaq-100 futures added 0.08%.
The S&P 500 advanced 0.58% during Tuesday’s session, marking its fourth consecutive gain and closing above 7,800 for the first time. The Dow rose 0.49%, while the Nasdaq Composite climbed 0.45%.
Chip stocks led the gains. Marvell Technology jumped 5.8% after raising its revenue guidance, while Advanced Micro Devices gained 2.8% after Citi increased its price target, pointing to stronger demand for CPUs.
Asian markets were mostly lower. Japan’s Nikkei 225 was flat, while South Korea’s Kospi fell 0.57% and Hong Kong’s Hang Seng Index declined 0.65%. China’s mainland markets remained closed for the Golden Week holiday.
Treasury yields eased after a recent surge. The 10-year yield stood at 5.286%, after reaching its highest level since April 2002 on Monday. The 30-year yield was 5.661%, while the two-year yield slipped to 4.798%.
Investors are now focused on minutes from the Federal Reserve’s September meeting, due Wednesday, for clues about the central bank’s outlook on monetary policy and the economy.
Upcoming Events:
● 2:30 PM GMT – USD Crude Oil Inventories
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