**MARKET BRIEF: Tuesday Recovery & Factory Data Surprise** **Nikkei Leads Asian Rebound** Japan’s Nikkei 225 surged on Tuesday, climbing nearly **3%** to reclaim the **54,200** level. This sharp reversal erases Monday’s losses, driven by a renewed appetite for risk assets following volatility earlier in the week. **Commodities "Ceasefire"** The intense sell-off in precious metals paused, offering markets a much-needed breather. * **Silver** rebounded above **$83** per ounce, clawing back losses after a historic two-day plunge. * **Gold** found support near **$4,750**, stabilizing after recent sharp corrections linked to the nomination of Kevin Warsh as Fed Chair. **US Factory Data Catalyst** Global sentiment was lifted by unexpectedly strong US economic data. The ISM Manufacturing PMI hit **52.6** in January 2026, signalling expansion for the first time in 12 months. This "demand-related spike" suggests the US industrial sector is emerging from a prolonged contraction, easing fears of a deeper economic slowdown. **Broader Outlook** With the US dollar steadying and volatility indices receding, investors are cautiously pivoting back to equities. The strong factory numbers have offset immediate concerns about hawkish Fed policy shifts, fueling a green session across major Asian benchmarks.