Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
Asian stock markets rebounded on Tuesday, mirroring overnight gains on Wall Street, as investors turned cautiously optimistic ahead of looming U.S. trade tariffs. U.S. indices ended higher on Monday, though futures dipped slightly during early Asian trading amid concerns over reciprocal tariffs set to be announced on April 2.
President Trump is expected to unveil a sweeping tariff policy at 15:00 ET on Tuesday, dubbed “Liberation Day,” which includes a 25% tariff on auto imports starting April 3. Markets are on edge over potential disruptions to global trade and a slowdown in U.S. demand—the world’s economic engine.
Meanwhile, the Reserve Bank of Australia (RBA) held its benchmark interest rate steady at 4.10%, aligning with market expectations. This follows a 25 basis point rate cut in February, the first since 2020. The RBA’s cautious stance reflects a complex economic backdrop, including upcoming federal elections and global trade uncertainties. Australia’s S&P/ASX 200 gained 0.8% before the RBA decision and held steady afterward. Retail sales data for February came in weaker than forecast, indicating softer household spending.
Across Asia, markets rebounded sharply after recent losses, helped by short-covering and bargain hunting. South Korea’s KOSPI led with a 1.9% surge, despite export growth in March falling short of estimates. Japan’s Nikkei 225 and TOPIX gained 0.7% and 0.8%, respectively. China’s Shanghai Composite rose 0.6%, while the Hang Seng rallied 1.3%, driven by upbeat manufacturing data. The Caixin PMI hit a four-month high at 51.2, surpassing forecasts. Indonesia’s and Thailand’s benchmarks also saw gains, while India’s Nifty 50 futures were flat.
Investors remain cautious ahead of U.S. tariff implementation, keeping global markets on alert.
