Published by Global Banking & Finance Review®
Posted on November 11, 2025
3 min readLast updated: January 21, 2026
Add as preferred source on GoogleMarkets rebound as U.S. shutdown ends; gold and Nasdaq gain. Asian markets steady, SoftBank earnings rise, and China's Singles Day sees record sales.
A look at the day ahead in European and global markets from Tom Westbrook
The longest U.S. government shutdown on record looks to be nearly over, and traders are riding the tail end of a wave of relief that began late last week.
The Senate approved a compromise that would restore U.S. government funding. It next heads to the House, where Speaker Mike Johnson has said he would like to pass it as soon as Wednesday and send it on to President Donald Trump to sign into law.
Gold and the Nasdaq have logged their best gains in months, with gold in particular attempting to recover the momentum that shot it to record highs in October with an added boost from bets on future U.S. interest rate cuts.
Asian share markets were mostly steady or a little higher through Tuesday and the risk-on mood pushed the safe-haven yen to a nine-month low.
The U.S. bond market is closed on Tuesday for a holiday, but long bonds have been sold and shorter ones were steadier, reflecting markets' shift out of riskier assets as well as an expectation that the resumption of U.S. data publication builds a case for rate cuts.
Elsewhere, Japanese tech investor SoftBank Group is about to report second-quarter earnings in the midst of feverish investment in artificial intelligence that has sent its share price soaring.
Sony raised its operating profit forecast for the year ending March 2026 by 8%, citing a smaller impact from U.S. tariffs and the strength of its music and chips businesses.
In Australia, shares in one of the world's most expensive banks, Commonwealth Bank, fell nearly 5% after the country's biggest lender said competition was cutting margins.
In China, Tuesday is Singles Day and the culmination of what has evolved into a weeks-long shopping bonanza. Last year, 1.44 trillion yuan ($202 billion) of goods were sold during the period. That's almost five times the $41.1 billion U.S. shoppers spent last year during Cyber Week, the period from Black Friday to Cyber Monday.
Key developments that could influence markets on Tuesday:
- Earnings from SoftBank, Vodafone and Munich Re
- German ZEW survey, British weekly employment data
(Reporting by Tom Westbrook; Editing by Jamie Freed)
Gold performance refers to the price movements of gold in the market, often influenced by economic factors, investor sentiment, and currency values.
Corporate earnings reports are quarterly financial statements released by companies, detailing their revenue, expenses, and profits, which can significantly impact stock prices.
Interest rates are the cost of borrowing money, expressed as a percentage of the amount borrowed. They influence economic activity and consumer spending.
Market capitalisation is the total market value of a company's outstanding shares, calculated by multiplying the share price by the total number of shares.
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