Global Markets Rebound on US-India Trade Deal

Asia-Pacific markets rose on Tuesday following news of a trade deal between the US and India, with South Korea's Kospi leading gains in the region. The Nifty 50 rose nearly 5% after US President Donald Trump announced the trade deal, while Japan's Nikkei 225 reached a record high. Australia's central bank raised its policy rate by 25 basis points, matching Reuters estimates. Investors continued to monitor gold and silver prices following recent volatility.

Asia-Pacific markets rebounded on Tuesday after a steep loss on Monday, driven by a trade deal between the US and India. The deal involves the US lowering tariffs on India to 18% from 25%, and India agreeing to 'buy American' at a higher level and stop buying oil from Russia. The news boosted India's Nifty 50 index, which rose as much as 5%. Gold and silver prices also surged, with spot gold up 4.8% and spot silver rising 7.3%. Other market movers included a SoftBank subsidiary signing an agreement with Intel on memory chips, and Australia's central bank raising interest rates by 25 basis points. Meanwhile, Elon Musk announced that SpaceX is acquiring startup xAI, and Tesla is converting a California plant to build the Optimus robot.

European stocks rose on Tuesday as global markets stabilized following a brief sell-off in cryptocurrencies and precious metals. The Stoxx 600 index was 0.6% higher, led by mining stocks, which jumped 1.8% as precious metals rebounded. The rebound came after a historic sell-off in gold, silver, and bitcoin. Meanwhile, news of a potential $260 billion megadeal between Rio Tinto and Glencore, as well as a trade deal between the US and India, boosted market sentiment. The US-India trade deal was announced by President Donald Trump, who claimed that India would increase purchases of US products and stop buying Russian crude oil.

The stock market saw a strong start to February with major averages rising across the board. The Dow jumped 1.05%, S&P 500 advanced 0.5%, and Nasdaq Composite gained 0.6%. Futures linked to S&P 500 rose 0.3% after the gains. Palantir Technologies jumped 6% in extended trading after reporting strong Q4 results and upbeat guidance. Teradyne surged 20% with a solid Q1 outlook. However, Nvidia fell 3% after reports that its plans to invest in OpenAI stalled. Cryptocurrencies like bitcoin dropped to their lowest level since April. Investors are digesting over 100 S&P 500 companies' earnings results this week, with tech earnings in focus for signs of AI-driven efficiency. Other news includes Elon Musk's SpaceX acquiring xAI and Alphabet's Waymo securing a $16 billion funding round.