Global shares showed a mixed performance on Tuesday, mirroring the trading trends on Wall Street. While gains in oil and gas producers provided some support, drops in Big Tech companies like Nvidia weighed on the market sentiment.
European markets saw positive movements, with France's CAC 40 and Germany's DAX rising nearly 1.0% and 0.6%, respectively. The UK's FTSE 100 remained relatively flat. Futures for the S&P 500 and the Dow Jones Industrial Average also indicated upward momentum.
In Asia, Japan's Nikkei 225 index slipped 1.8% following a holiday on Monday. Japan's Finance Ministry reported a significant increase in the current account surplus in November compared to the previous year.
US Steel shares rallied after the Biden administration extended the deadline for the company to unwind its proposed acquisition by Japan's Nippon Steel. Nippon Steel Corp. stocks declined in Tokyo trading.
Asian markets, including Hong Kong's Hang Seng and Shanghai Composite, posted gains, supported by China's commitment to maintaining a stable recovery of the securities market.
Australia's S&P/ASX 200 and South Korea's Kospi also saw modest increases in early trading.
The US stock market showed mixed results on Monday, with the S&P 500 and Dow Jones Industrial Average posting gains while the Nasdaq composite experienced a slight decline due to pressure on Big Tech stocks.
Market sentiment has been impacted by uncertainties surrounding potential interest rate cuts by the Federal Reserve. Inflation remaining above the Fed's target and a strong US economy have raised doubts about the need for further rate cuts in 2025.
In the commodities market, benchmark US crude and Brent crude prices saw slight declines. The US dollar strengthened against the Japanese yen and the euro.
