Global Financial Market Overview

Dow Jones jumped closed slightly higher on Tuesday, boosted by an improved outlook on global trade after the U.S. and Mexico struck a deal. The S&P 500 almost broke 2,900 level for the first time.

Dow Jones Industrial Average closed at 26,064.02, rose 14.38 (+0.06%)

S&P 500 Index closed at 2,897.52, rose 0.78 (+0.03%)

Nasdaq Composite closed at 8,030.04, rose 12.14 (+0.15%)

 

European stocks steadied after US-Mexico trade deal.

Stoxx Europe 600 closed at 385.46 decreased 0.03%

Germany’s DAX Performance Index closed at 12,527.42, decreased 10.89 (-0.09%)

France’s CAC 40 Index closed at 5,484.99, rose 5.89 (+0.11%)

London’s FTSE 100 closed at 7,617.22, rose 39.73 (+0.52%)

 

Asia markets were broadly higher on Tuesday following yet another day of record highs on Wall Street, as the U.S. and Mexico announced a new trade agreement.

The Nikkei 225 ended the trading day largely flat, closed at 22,813.47, or 13.83 (+0.06%)

South Korea’s Kospi closed in positive territory at 2,303.12, rose 3.82 (+0.1%)

Australia’s ASX 200 index was up by 0.5%, or 35.80 to close at 6,304.7

Hong Kong’s Hang Seng index lost some of its earlier gains, but still traded up by 0.28%, or 80.35 to close at 28351.62

The Shanghai composite ended the trading day down by 0.1%, or 2.92, at 2,777.981

Singapore stocks ended 0.7% higher, with the Straits Times Index rising 21.93 to 3,247.55 at the closing bell.

 

New York Gold Future turned negative on Tuesday as U.S. Treasurys rose after the United States and Mexico struck a trade deal, with analysts saying ongoing U.S.-China tensions would continue to weigh.

COMEX decreased 1.60 USD or 0.57% for December delivery to close at 1,214.40 USD/ounce

Platinum for October decreased 8.90 USD or 1.11% to close at 795.30 USD/ounce

Palladium for September decreased 2.50 USD or 0.30% to close at 939.40 USD/ounce

 

WTI Oil Crude fell on Tuesday as some investors took profits on recent strong gains, but losses were limited the day after a U.S.-Mexico trade agreement eased worries about tensions between the two countries.

West Texas Intermediate (WTI) crude for October delivery decreased by 34 cent or 0.5% to close at 68.53 USD/bbl

Brent crude for October delivery decreased 26 cent or 0.3% to close at 75.95 USD/bbl

 

United States Dollars strengthened after a research from conference board indicated that the consumer’s confidence increased to the highest in 18 years, supporting the forecast of an increasing interest rate.

USD strengthened against JPY at 111.21 JPY to trade from 111.10 JPY, but weakened against Swiss Franc at 0.9766 SFR from 0.9796 SFR.

Euro strengthened to trade at 1.1696 USD from 1.1679 USD.

Pound weakened to trade at 1.2867 USD from 1.2893 USD, as well as AUD to close at 0.7335 USD from 0.7346 USD.