Australia and Japan markets set to climb, looking past Iran war escalation fears
Pedestrians at Pitt Street Mall in Sydney, Australia, on Thursday, July 24, 2025.
Brendon Thorne | Bloomberg | Getty Images
Markets in Australia and Japan rose on Tuesday, mirroring gains on Wall Street. S&P 500 And Nasdaq Composite Reach new heights.
This comes as investors post strong gains Apple And CaterpillarWe ignore weaker-than-expected economic data and US President Donald Trump’s threats to escalate tensions in Iran.
The barrel price of Brent crude oil rose above 126 dollars Axis declared It was stated that the US military will inform Trump about possible action against Iran.
Brent closed at $110.40 per barrel. USA West Texas Central As of 7:46 PM ET, it was up 0.61% to $105.71.
On Thursday, the U.S. Commerce Department reported that gross domestic product rose 2% year-over-year in the first quarter. While this was a 0.5% increase from the fourth quarter of 2025, it was below the 2.2% consensus forecast from Wall Street economists.
Most major Asian markets are closed for the May 1 holiday.
Futures for Australia S&P/ASX 200 It was at 8,795, slightly above its last close of 8,665.8.
of japan Nikkei 225 Futures also pointed to a stronger open; The futures contract in Chicago was at 59,765 and the futures contract in Osaka was at 59,720 compared to the previous close of 59,284.92.
Overnight in the USA, the S&P 500 made its first close above the 7,200 threshold, with a record close of 7,209.01, with an increase of 1.02%. The tech-heavy Nasdaq gained 0.89%, reaching new intraday and closing records.
The blue-chip Dow Jones Industrial Average gained 1.62%.
US futures were marginally higher for the three major indexes after the session; S&P 500 futures gained 0.16%, while Nasdaq 100 futures were little changed. Futures tied to the Dow Jones Industrial Average rose 79 points, or about 0.2%.
— CNBC’s Lisa Kailai Han and Sean Conlon contributed to this report.
