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Shares and Treasuries choppy on Trump’s plans for tariffs – Jan 21 2025

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Today’s Market News

 

Key developments to markets on Tuesday:

  • Reaction to Trump’s first day in office
  • South Korea PPI (December)
  • Hong Kong CPI (December)
Index Last Change % Change
trading higher

43,487.83 +334.70 0.78%Positive
trading higher

19,630.20 +291.91 1.51%Positive
trading higher

5,996.66 +59.32 1.00%Positive
Index Last Change % Change
trading higher

38,943.57 +41.07 0.11%Positive
trading higher

20,066.94 +141.13 0.71%Positive
trading higher

77,073.44 +454.11 0.59%Positive

Source: LSEG, opens new tab – data delayed by at least 15 minutes

Fixed income

US 10-year Treasury yield pared some early losses but remained 4 bps lower at 4.5682%. Yields move inversely to bond prices.
2-year Treasury yield last stood at 4.2424%.

Equities

MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS), ticked up 0.2%.

Forex

The overall market moves reflected a sharp reversal from earlier in the session after Trump had stopped short of imposing new tariffs in the first few hours of his presidency, which in turn sent the dollar sliding broadly.
USD since recouped those losses
EUR trading 0.36% lower at $1.0378.
GBP tumbled 0.4% to $1.2282

Commodities

Oil weakened after Trump announced a plan to maximise U.S. oil and gas production by declaring a national emergency.
Brent ticked up 0.06% to $80.19 but near 1-week low.
U.S. crude sank 1.46% to $76.74 from Friday’s close.
XAU gained 0.14% to $2,712.20 an ounce.

for more news visit Reuters.com