Global stocks rise on Tuesday 

Global markets advanced in Asian trade on Tuesday, led by a 2.3 per cent jump in Tokyo’s Nikkei 225 following Japanese Prime Minister Sanae Takaichi’s decisive election win. The MSCI Asia-Pacific index outside Japan rose 0.6 per cent, while the MSCI All-Country World Index hit a fresh record, up 0.2 per cent. The yen strengthened for a second day.

US equity futures eased after a two-day rally, with S&P 500 e-mini futures down 0.1 per cent. Investors await key US economic data later this week, including delayed payroll figures. Treasury Secretary Scott Bessent said senior officials visited China last week to maintain communication amid Beijing’s push to elevate the yuan’s global role.

The US dollar weakened, falling 0.4 per cent to 155.315 yen and 0.1 per cent to 6.9092 yuan, while the dollar index hovered near this month’s lows at 96.86. The 10-year Treasury yield remained flat at 4.184 per cent, with markets pricing a low chance of a Fed rate cut before June.

In Asia, Indonesia’s Jakarta index rose 1 per cent despite FTSE Russell delaying an index review.

Attribution: Reuters