Good morning, you're listening to Markets Desk.
The dollar found its footing Tuesday after a strong ISM Manufacturing Index reading helped reverse earlier losses. The greenback had slipped to a seven-week low Monday as easing Middle East tensions pulled safe-haven demand away, but the manufacturing data gave traders a reason to step back in and buy.
Turning to the energy majors, President Trump is taking direct aim at ExxonMobil and Chevron following their blockbuster second-quarter earnings reports. The president publicly called out both companies for what he described as windfall profits, warning they should give some of that back. It's an unusual posture from a traditionally oil-friendly administration, and the political pressure adds a layer of uncertainty for energy investors heading into the back half of the year.
Meanwhile, across Asia-Pacific markets, the picture is broadly constructive. Australian equities are pushing higher Tuesday with the S-P ASX two hundred holding well above nine thousand, led by technology gains. China's Shanghai Composite is positioned for a bounce after a choppy seven-session stretch, and Indonesia's Jakarta Composite is finding renewed footing just above six thousand two hundred thirty after snapping a two-day winning run on Monday.
That's the tape. Markets Desk, signing off the floor.
