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During Monday’s regular trading, the three major indexes closed higher, after U.S. President Donald Trump announced a trade deal with Indian Prime Minister Narendra Modi. The DJIA climbed 1.05%, the S&P 500 rose 0.54%, and the Nasdaq Composite gained 0.56%.
Under the deal, India will stop buying oil from Russia and instead buy more from the U.S. and Venezuela. In return, the U.S. is reducing tariffs on Indian goods to 18%.
Meanwhile, cryptocurrencies faced ongoing pressure, as Bitcoin dropped to its lowest since April, reflecting waning investor risk appetite.
Notably, the U.S. 10-year Treasury yield was up, floating near 4.28%. WTI crude oil futures were trending lower, hovering near $62.01 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price decreased to nearly $4,932 per ounce on Tuesday.
Elsewhere, European indexes opened higher today, as a rebound in precious metals lifted mining stocks.
Asia-Pacific markets traded mostly higher on February 3 following news of the U.S.-India trade deal.
Hong Kong’s Hang Seng Index gained 0.22%. In China, the Shanghai Composite added 1.29%, while the Shenzhen Component rose 2.80%. Meanwhile, Japan’s Nikkei climbed 3.92%, and the Topix surged 3.10%.
