Today’s Outlook :
• US MARKET : The S&P 500 index edged up 0.1% to 6,845.68 after having fallen as much as 0.9%. The NASDAQ Composite also rose 0.1% to 22,578.38, reversing an earlier drop of up to 1.3%. The Dow Jones Industrial Average gained 0.1% to 49,533.19. U.S. stocks closed slightly higher in volatile trading, as investors searched for direction after a long holiday weekend while continuing to monitor the risk of artificial intelligence (AI) disruption in the technology sector.
Investors are awaiting several key economic indicators this week, along with the minutes of the Federal Reserve’s January meeting due on Wednesday, for clues on the future path of interest rates. Industrial production and durable goods data will be released on Wednesday, followed by trade data on Thursday. Meanwhile, the PCE price index—the Fed’s preferred inflation gauge—along with the preliminary estimate of fourth-quarter GDP growth, will be released on Friday. January CPI data released last week showed headline and core inflation easing slightly in line with expectations.
• EUROPEAN MARKET : European stock markets closed higher on Tuesday, as investors focused on further releases of quarterly corporate earnings, U.K. labor market data, and developments in nuclear negotiations between the United States and Iran. Germany’s DAX rose 0.8%, France’s CAC 40 gained 0.5%, and the U.K.’s FTSE 100 climbed 0.8%
• ASIAN MARKET : Asian stock markets were mixed in relatively thin trading on Tuesday amid the extended Lunar New Year holidays. Japanese shares continued to weaken following disappointing economic growth data, while the Australian market was supported by gains in mining giant BHP. Markets in China, Hong Kong, South Korea, and Singapore were closed for the Lunar New Year, while a Wall Street holiday on Monday also limited global market cues.
In Japan, the Nikkei 225 and TOPIX indexes each fell 0.9%, extending sharp declines from the previous session after weak fourth-quarter gross domestic product (GDP) data. Technology stocks came under renewed pressure due to ongoing concerns over the impact of AI on the industry, which have weighed on software stocks over the past week.
• COMMODITIES:
• PRECIOUS METALS : Gold and silver prices fell on Tuesday, extending losses from the previous session as a stronger U.S. dollar pressured precious metals. Additional pressure came from weaker Asian demand due to the start of the Lunar New Year holiday in China, while investors remained cautious ahead of key U.S. economic data releases this week. At 5:26 p.m. ET, spot gold fell 2.3% to USD 4,877.40 per ounce, while April gold futures declined 3% to USD 4,896.10 per ounce. Spot silver saw steeper losses, sliding 4% to USD 73.5390 per ounce, while spot platinum fell 2.7% to USD 2,020.60 per ounce.
• OIL: Oil prices weakened on Tuesday, with market attention focused on developments in negotiations at two major global geopolitical flashpoints. April Brent crude futures fell 1.8% to USD 67.39 per barrel, while WTI crude declined 0.8% to USD 62.22 per barrel. Movements in WTI were influenced by the U.S. market holiday on Monday, while several Asian countries, including China, remain on holiday.
• INDONESIA : The JCI closed lower at 8,212.27. The market is expected to remain volatile with a sideways tendency and may retest support levels. Investors are advised to stay cautious by applying tight stop-loss and trailing-stop strategies amid ongoing market volatility.
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