Yesterday’s global markets were a mixed bag, with several holiday closures and political developments influencing trading. In Asia, stocks were mostly flat, despite tech-led gains on Wall Street. Japan’s Nikkei, however, continued its post-LDP election rally, surging 1.5% on the day.

Meanwhile, in the US, efforts to end the government shutdown failed to secure sufficient votes in the Senate, as expected. The impasse continues, with no clear resolution in sight.

In Europe, equity futures indicate a lackluster cash market open today. The Euro Stoxx 50 future is flat, following Monday’s 0.4% loss. USD/JPY remains above 150, buoyed by yen and euro selling from the previous day.

French President Macron has reportedly asked outgoing Prime Minister Lecornu to hold final talks with political partners to stabilize the country. This comes as France grapples with ongoing protests and political unrest.

Looking ahead, investors will eye key economic data releases, including German industrial orders, US consumer confidence, and Canadian trade balance. The ECB’s Lagarde and Nagel will also deliver remarks, while supply from the UK, Germany, and US is suspended due to holidays.

In other news, DXY held onto gains triggered by JPY and EUR selling on Monday. The US dollar remains strong against major currencies, with USD/JPY above 150.

Overall, yesterday’s markets were characterized by a mix of political developments and economic data, with little in the way of clear trends or direction. As always, stay tuned for the latest updates and insights from around the world!