KURE - Asia-Pacific markets mixed as investors await U.S. data for Fed policy guidance
2023-09-12 03:08:26 ET
Japan +0.95% . Japan's 20-year bond yield has hit its highest since May 2014.
China -0.16%.
Hong Kong -0.15% .
India +0.04% .
Australia +0.20% . Australian August Business confidence 2 (was 1 in July) & Conditions 13 (11 in July).
Australian monthly consumer confidence for September falls 1.5% m/m to 79.7.
Australia data - ANZ Roy Morgan weekly consumer confidence 77.6 (prior 78.7).
New Zealand retail sales indicator for August +0.7% m/m (prior 0.0%).
The number of visitor arrivals in New Zealand soared by 59.3% year-on-year to 213,800 in July 2023.
Total passenger vehicle sales in India climbed by 11.6% from a year earlier to 313,715 in August, after rising 2.9% in the previous month.
In the U.S. on Monday, all three major indexes ended higher , as positive corporate updates lifted shares of key technology names in the US. The tech-heavy Nasdaq Composite was the best performing major average, rising 1.14% to end at 13,917.89 points. The benchmark S&P 500 added 0.68% to settle at 4,487.59 points, while the blue-chip Dow rose 0.26% to finish at 34,664.77 points.
The US central bank is widely anticipated to hold interest rates steady at next week’s meeting, while bets for another rate increase in November are increasing.
Traders were on edge ahead of a slew of Chinese economic data later this week, including retail sales, industrial output, and fixed investment and investors cautiously awaited key US inflation readings that could influence the interest rate outlook.
Oil prices stable on Tuesday, as market awaits data on inventories, economy. The international benchmark Brent contract dipped 6 cents to $90.58 a barrel at 0003 GMT, while U.S. West Texas Intermediate crude futures edged 2 cents lower to $87.27.
Gold prices settled into a holding pattern on Tuesday, as investors await U.S. data for Fed policy guidance.
Spot gold was flat at $1,921.25 per ounce, as of 0510 GMT, while U.S. gold futures eased 0.2% to $1,944.30.
Elsewhere, spot silver rose 0.2% to $23.12 per ounce, platinumclimbed 0.2% to $899.90 per ounce and palladium added 0.2% to $1,220.64 per ounce.
Currencies: ( Japanese Yen / US Dollar ( JPY:USD )), ( Chinese Yuan / US Dollar ( CNY:USD )), ( Australian Dollar / US Dollar ( AUD:USD )), ( Indian Rupee / US Dollar ( INR:USD )), ( Hong Kong Dollar / US Dollar ( HKD:USD )), ( New Zealand Dollar / US Dollar ( NZD:USD )).
U.S. stock futures held steady on Tuesday after the major averages came off a winning session: Dow -0.07%; S&P 500 -0.10%; Nasdaq -0.03%.
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 mixed as investors await U.S. data for Fed policy guidance