Global stock markets saw a rise on Tuesday as investors anticipated US economic data releases and earnings reports from tech giants. Oil prices rebounded after Israel’s strikes on Iran spared energy infrastructure, but concerns about oversupply in 2025 and a slowdown in Chinese demand lingered. US stocks closed higher Monday, with attention shifting to economic indicators and tech giant earnings. European markets were in the green, with London up 0.1%, awaiting Britain’s new Labour government’s budget. In Asia, Tokyo and Hong Kong stocks rose, while Shanghai and Singapore retreated. Japan’s ruling coalition falling short of a majority in Sunday’s election contributed to uncertainty. Analysts noted a focus on the Bank of Japan’s rate decision and China’s expected stimulus plan. US election implications and market stability were critical for Beijing amidst sputtering economic growth. Key figures included London’s FTSE 100 up 0.1%, Paris CAC 40 up 0.5%, Tokyo Nikkei 225 up 0.8%, and Hong Kong Hang Seng Index up 0.5%. The Euro was down against the dollar, while Brent North Sea Crude and West Texas Intermediate oil prices saw a 1.0% and 1.1% increase, respectively. Overall, the global market trends hinted at cautious optimism as investors navigated various economic and political developments.
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Global stock markets climb as focus shifts to megatech earnings in the national market
