Earnings Surprises, Asia Struggles & Commodities in Focus

Global markets continue to balance optimism and caution as earnings, central bank signals, and commodity shifts drive sentiment.

Global markets are navigating a delicate balance of optimism and caution, as corporate earnings, central bank signals, and geopolitical risks continue to shape investor sentiment.

Equities & Earnings

Stronger-than-expected earnings from companies such as Dell, Ulta Beauty, and Ambarella boosted Wall Street confidence. However, persistent volatility in the technology sector, driven by shifting earnings expectations and valuation concerns, limited broader market gains and kept investor sentiment cautious.. Across Asia, performance was uneven: Japan and South Korea fell on tech weakness, while Hong Kong gained support from upbeat China PMI data.

Currencies

The U.S. dollar held steady ahead of crucial inflation numbers and Fed policy signals. In Asia, most regional currencies remained subdued; the yen and won stayed under pressure, while the yuan held firm amid mixed economic signals from China.

Commodities

Gold climbed to a four-month high, supported by Fed easing hopes and tariff concerns. Oil prices, however, extended losses as traders downplayed Russia sanction risks. Among base metals, silver and platinum extended their gains on safe-haven demand and industrial use prospects, while copper underperformed, reflecting concerns over slowing global manufacturing activity

SGFX Summary

Looking ahead, investors are closely monitoring inflation data, central bank updates, and global trade developments that could fuel market swings. With growth signals diverging across regions, markets remain caught between earnings strength and macroeconomic uncertainty.