Beijing: Global financial markets were largely steady on Tuesday as investors reacted carefully to mixed economic signals from the United States and rising oil prices linked to geopolitical tensions.
Stock markets in Asia moved in a narrow range, with gains in China helping to offset weakness elsewhere. Investors remained cautious after recent US jobs data showed steady hiring but also pointed to signs of slowing momentum in the labour market. The uncertainty has raised questions about how long interest rates may remain high.
In the United States, markets were mixed as traders waited for clearer signals on inflation and the future policy path of the Federal Reserve. Many investors are holding back major bets ahead of upcoming central bank meetings in Europe and Japan.
Oil prices rose after Washington announced stricter action against Venezuelan oil shipments. The move added to concerns about global supply and pushed energy prices higher, offering support to oil exporting nations but adding pressure to countries that rely on imports.
Chinese markets showed relative strength, supported by optimism around domestic technology companies and expectations of continued policy support from Beijing. Broader Asian markets, however, remained subdued as traders focused on global risks rather than local factors.
In Europe, stocks were steady as investors looked ahead to policy decisions from the European Central Bank and the Bank of England. Both institutions are expected to keep a cautious tone as economic growth remains uneven across the region.
Currency markets were also calm. The US dollar held firm against major peers, while emerging market currencies saw mixed movements amid ongoing trade and geopolitical uncertainties involving the United States and China.
Overall, market sentiment remained fragile, with investors closely watching economic data, central bank signals and global political developments that could shape the direction of markets in the days ahead.