Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
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Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
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Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Russia Condemns U.S. Sanctions as Cuba Faces Critical Fuel Crisis 
Singapore GDP Surges in Q4 2025 as Government Raises 2026 Growth Outlook 
Australian Household Spending Dips in December as RBA Tightens Policy 
Bangladesh Secures Reduced 19% U.S. Tariff in Landmark Trade Agreement 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Asian stocks extended gains for a second straight session in early Tuesday trading, led by a powerful rally in Japan following Prime Minister Sanae Takaichi’s decisive election victory over the weekend. The result boosted investor confidence and pushed Tokyo’s benchmark index to new highs, reinforcing optimism across regional equity markets.
MSCI’s broad Asia-Pacific index excluding Japan advanced 0.4%, while the Nikkei 225 surged 2.1%, marking its third consecutive day of gains and setting a fresh record. Japanese equities were supported by expectations of policy continuity, corporate investment growth, and sustained momentum in technology-related sectors tied to artificial intelligence.
U.S. equity futures cooled slightly after a strong two-day rally on Wall Street. S&P 500 e-mini futures slipped 0.1%, partially retracing gains after the S&P 500 rose 0.5% and the Nasdaq Composite climbed 0.9% on Monday. Technology stocks rebounded as investors looked past last week’s AI-driven selloff and refocused on long-term growth prospects.
Market participants remain cautiously optimistic about the global economic outlook. According to Robeco’s global head of fundamental equity, corporate investment programs continue to expand, which typically supports broader economic activity. He also highlighted the importance of emerging markets in the global AI supply chain, a factor increasingly influencing equity valuations.
Attention now turns to key U.S. economic data due later this week, including retail sales, inflation, and delayed payrolls figures. White House economic adviser Kevin Hassett noted that U.S. job growth could moderate in coming months as immigration policies slow labor force expansion while AI adoption boosts productivity.
In currency markets, the U.S. dollar index hovered near a monthly low at 96.97 after its sharpest one-day drop in two weeks. The move followed reports that Chinese regulators advised financial institutions to limit U.S. Treasury holdings due to concentration risk. The dollar was flat against the offshore yuan at 6.9167.
U.S. Treasury yields edged slightly higher, with the 10-year yield at 4.196%. Fed funds futures continue to signal expectations that the Federal Reserve will hold interest rates steady until June.
Commodities were mixed, with WTI crude easing to $64.15 per barrel. Gold slipped 0.9% to $5,018.59 an ounce, silver fell sharply, and cryptocurrencies including Bitcoin and ether also traded lower, reflecting a modest pullback in risk appetite.
