In Asian Equity Markets indices were mostly higher in Tuesday morning trade, as U.S. President Donald Trump continued his state visit to Japan. Mainland Chinese stocks were mixed in early trade, with the Shanghai composite was 0.39% higher. In Hong Kong, the Hang Seng index was 0.35% higher. The Nikkei 225 in Japan added 0.39% in morning trade. Shares of semiconductor equipment manufacturer Tokyo Electron jumped more than 2% following the announcement of a share buyback, Reuters reported. Over in Australia, the ASX 200 advanced 0.51%.

 

In Currency Markets the U.S. dollar nudged up against its key rivals in early trade on Tuesday as investors waited on more catalysts after the European Union parliamentary elections showed a polarization of the 28-member block. The yen was in a holding pattern as U.S. President Donald Trump, who is visiting Japan, is seen putting pressure on Tokyo to reduce the nation’s large trade surplus with the United States. The euro was unchanged at $1.1192 after bouncing from a 1-1/2-week high of $1.1215 overnight following the outcome of European parliamentary elections.

 

In Commodities Markets oil prices were mixed on Tuesday, pressured by a weakening economy, especially in China, yet still supported by ongoing supply cuts from producer club OPEC and U.S. sanctions against Iran and Venezuela. Front-month Brent crude futures, the international benchmark for oil prices, were at $69.90. That was 21 cents, or 0.3%, below the last session’s close, when Brent rose 2.1%. U.S. WTI crude futures were at $59.03 per barrel. They did not trade on Monday due to a public holiday in the United States, but stood 40 cents, or 0.7%, higher than their last close on Friday.

 

In US Equity Markets exchanges were closed on Monday due to Memorial Day holiday.

 

In Bond Markets U.S. exchanges were closed on Monday due to Memorial Day holiday.

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