KURE - Asia-Pacific markets higher as traders brace for batch of economic data for clues on the rates path
2023-08-29 02:27:46 ET
Japan +0.18% . Japan data - July unemployment rate 2.7% (expected 2.5%)
China +1.27% . Investors remain cautious ahead of the release of Chinese manufacturing PMI figures later this week, which are expected to confirm underlying weakness in the country’s economy.
Hong Kong +2.12% .
India +0.09% .
Australia +0.53% . Australia data - ANZ Roy Morgan weekly consumer confidence 78.1 (prior 79.0).
The Domestic Supply Price Index in Singapore fell 8.9% year-on-year in July 2023, easing from a 14.3% drop in the previous month.
In the U.S. on Monday, all three major indexes ended higher , ahead of a batch of economic data with traders looking for clues on the future of interest rate path.
The S&P ended 0.63% higher at 4,433.28 points, while the Nasdaq added 0.84% to close at 13,705.13 points. The blue-chip Dow advanced 0.62% to settle at 34,560.08 points.
Investors now look ahead to key US jobs and inflation data this week, as well as manufacturing PMI figures for both the US and China.
Oil prices were flat on Tuesday as supply concerns offset worries over demand. Brent crude was 2 cents lower at $84.40 a barrel by 0032 GMT, while U.S. West Texas Intermediate crude shed 3 cents to $80.07.
Currencies: ( Japanese Yen / US Dollar ( JPY:USD ) Stock Price Today, Quote & News), ( Chinese Yuan / US Dollar ( CNY:USD ) Stock Price Today, Quote & News), ( Australian Dollar / US Dollar ( AUD:USD ) Stock Price Today, Quote & News), ( Indian Rupee / US Dollar ( INR:USD ) Stock Price Today, Quote & News), ( Hong Kong Dollar / US Dollar ( HKD:USD ) Stock Price Today, Quote & News), ( New Zealand Dollar / US Dollar ( NZD:USD ) Stock Price Today, Quote & News).
U.S. stock futures held steady on Tuesday after the major averages finished higher during Monday’s regular session: Dow +0.09% ; S&P 500 +0.13% ; Nasdaq +0.22% .
ETFs: ( JEQ ), ( EWJ ), ( DXJ ), ( FXY ), ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).
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Asia-Pacific markets higher as traders brace for batch of economic data for clues on the rates path