Monday 10th February 2025: Markets Mixed Amid Trade Tensions and Inflation Worries

Global Markets:

•  Asian Stock Markets : Nikkei down 0.13%, Shanghai Composite up 0.61%, Hang Seng up 1.86% ASX down 0.34%
• Commodities : Gold at $2915.35 (0.93%), Silver at $32.75 (0.38%), Brent Oil at $75.19 (0.69%), WTI Oil at $71.54 (0.73%)
• Rates : US 10-year yield at 4.487, UK 10-year yield at 4.476, Germany 10-year yield at 2.377

News & Data:

• (CAD) Unemployment Rate  6.60% to 6.80% expected
• (CAD) Employment Change  76.0K vs 25.5K expected
• (USD) Non-Farm Employment Change  143K vs 169K expected

Markets Update:

Asia-Pacific markets showed mixed performance on Monday as rising trade tensions kept investors cautious. U.S. President Donald Trump stated he planned to impose a 25% tariff on all steel and aluminum imports, fueling market uncertainty. Japan’s Nikkei 225 closed flat at 38,801.17, while the Topix index edged down 0.15% to 2,733.01. The country’s loan growth slowed to 3% in January from December’s 3.1%. South Korea’s Kospi remained unchanged at 2,521.27, but the Kosdaq gained 0.91% to 749.67.

Hong Kong’s Hang Seng index rose 1.67%, and China’s CSI 300 gained 0.11% after earlier losses. China’s consumer inflation hit a five-month high in January due to Lunar New Year spending, with the CPI rising 0.7% monthly and 0.5% annually, surpassing Reuters’ 0.4% estimate. Meanwhile, the producer price index fell 2.3% annually, exceeding the expected 2.1% drop. Indian markets extended losses from Friday after the Reserve Bank of India’s unexpected interest rate cut. The Nifty 50 fell 0.94%, while the BSE Sensex dropped 0.83%.

Singapore’s Straits Times Index hit a record high of 3,910.12 points, driven by gains in Singtel and major banks. The STI was up 0.68%. Australia’s S&P/ASX 200 fell 0.34% to 8,482.80. The three key U.S. indexes fell Friday after Trump’s tariff announcement and inflation concerns. Markets were further pressured by consumer sentiment and jobs data, which pointed to rising inflation and pushed the 10-year Treasury yield above 4.5% at its session high.

The Dow Jones Industrial Average lost 444.23 points, or 0.99%, to close at 44,303.40. The S&P 500 declined 0.95% to 6,025.99, and the Nasdaq Composite slid 1.36% to 19,523.40. Friday’s losses pushed major indexes into negative territory for the week.

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