Daily Fundamental Analysis: U.S. Stocks Rise Slightly Before Big Earnings Reports
Most Asia-Pacific markets are up Tuesday as investors awaited U.S. earnings reports and economic data amid tariff concerns. Regional trade negotiations with the U.S. remained in focus.
Mainland China’s CSI 300 dropped 0.13%, Hong Kong’s Hang Seng rose 0.12%. While South Korea’s Kospi rose 0.63%, The Australian index S&P/ASX 200 reached 8,067.4, its best since March 6.
U.S. indices futures are mostly flat after Monday’s volatile trading. The S&P 500 edged up 0.06% to 5,528.75, marking five straight gains. The Nasdaq fell 0.1% to 17,366.13, while the Dow rose 0.28% to 40,227.59.
“Magnificent Seven” tech leaders Amazon, Apple, Meta, and Microsoft saw mixed performance before earnings, with Apple and Meta up 0.4%, Microsoft down 0.2%, and Amazon falling 0.7%.
In response to Trump’s tariffs on China, half of Chinese exporters plan to reduce U.S. exposure due to tariffs impacting trade between the two countries. 75% of surveyed exporters will expand into emerging markets to compensate for lost U.S. business.
Shifting tariff policies have disrupted long-term planning, pushing exporters toward new markets and domestic sales.
The main focus on the economic calendar for today is JOLTS Job Openings in the U.S. And for traders in the Asian-Pacific session, eyes are on the inflation numbers coming up from Australia. CPI numbers are expected to decline slightly from 2.4% to 2.3% on a yearly basis, however, on a quarterly basis, it is expected to rise from 0.2% to 0.8%
There’s no clear direction as of now for the European markets, as investors will assess the impact of U.S. tariffs on the markets
The pan-European Stoxx 600 index closed higher the last five sessions after sharp declines in the past two months.
