[MARKET UPDATE] Risk-off mood at the reopen of futures trading after last Friday's metals price collapse and with the US government in a partial shutdown, while data also showed that Chinese official PMIs slipped into contraction territory

The partial US government shutdown is intensifying risk-off sentiment, compounding volatility seen in commodities like metals and energy.

Newsquawk StaffPublished 1 Feb 2026, 23:23 UTCOn the live feed at 23:03 UTC, 20 minutes before this page

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23:59

PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Poll shows Japan’s LDP party is likely to win a landslide victory

23:50

BoJ's Summary of opinions noted that one member said financial conditions remain accommodative even after a rate hike in December

23:03

[MARKET UPDATE] Risk-off mood at the reopen of futures trading after last Friday's metals price collapse and with the US government in a partial shutdown, while data also showed that Chinese official PMIs slipped into contraction territory

22:55

PRE-MARKET AUSTRALIAN STOCKS NEWS: RBA kicks starts its 2-day policy meeting where it is expected to hike rates

22:39

Newsquawk Daily Asia-Pac Opening News - 2nd February 2026

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Emini S&P (-0.5%)
Emni Nasdaq 100 (-0.8%), Bitcoin tumbled to below USD 80k over the weekend and is now beneath USD 77k, NVIDIA halts plan to invest USD 100bln in OpenAI.
WTI crude Mar'26 futures (-3.2%): Eight OPEC+ members agreed to maintain pause, Russia eased some gasoline export restrictions.
Gold (-1.6%) continues from Friday's historic slump.

Context

Additionally, the slip of Chinese official PMIs into contraction suggests weakening economic momentum, which could further alarm investors and impact global demand forecasts. Overall, these factors may lead to cautious positioning across equity and commodity markets as traders digest the implications for growth and inflation.

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