CYB - Asia-Pacific markets mixed as traders remain cautious ahead of economic data this week
2023-09-04 02:13:23 ET
Japan +0.46% . Japan August monetary base +1.2% y/y (prior -1.3%).
China +1.08% .
Hong Kong +2.53% . Investors resumed trading after a closure Friday due to Typhoon Saola, amid a jump in shares of real estate following more property support from the Chinese government.
India -0.11% .
Australia +0.47% .Australian Q2 2023 Business Inventories -1.9% q/q (vs. expected +0.4%).
Australian Melbourne Institute Inflation for August 2023: 0.2% m/m (prior 0.8%).
Job advertisements in Australia increased by 1.9 percent month-over-month in August 2023, accelerating from an upwardly revised 0.7 percent growth a month earlier.
Corporate profits in Australia tumbled by 13.1% qoq in Q2 of 2023, far deeper than market consensus of a 0.9% fall and shifting from an upwardly revised 1.3% growth in Q1.
New Zealand Q2 terms of trade +0.4% q/q (expected -1.3%).
In the U.S. on Friday, all three major indexes ended mixed . The Nasdaq closing in the red while the Dow Jones and the S&P ended higher. The tech-heavy Nasdaq Composite closed marginally lower by 0.02% at 14,031.81 points. The benchmark S&P 500 rose 0.18% to settle at 4,515.77 points. The blue-chip Dow gained 0.34% to finish at 34,838.47 points.
US markets are close Monday for a holiday.
Coming up in the session: ECB President Christine Lagarde speaking Monday, 4 September 2023, also Lane and Panetta.
Traders were cautious ahead of inflation data and trade figures this week from main trading partner China, as Beijing remains struggling to bolster post-pandemic recovery.
Oil prices ticked up in Asian morning trade on Monday, on China, U.S. economic data and OPEC+ cut expectations.
Brent crude was up 17 cents, or 0.2%, at $88.72 a barrel at 0015 GMT. U.S. West Texas Intermediate crude rose 25 cents, roughly 0.3%, to $85.80.
Gold prices climbed on Monday on Fed pause bets. Spot gold gained 0.3% to $1,945.40 per ounce by 0334 GMT, after climbing to as high as $1,952.79 on Friday. U.S. gold futures added 0.2% to $1,971.70.
Elsewhere, spot silver added 0.4% at $24.27 per ounce, platinum was up 0.1% at $961.51 and palladium rose 0.5% to $1,224.28.
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 were little changed as a holiday in the country made for thin trading ahead of key readings on US services later in the week : Dow +0.03% ; S&P 500 +0.05% ; Nasdaq +0.16% .
ETFs: ( JEQ ), ( EWJ ), ( DXJ ), ( FXY ), ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).
More on the markets
- S&P 500 surges 2.5% for the week, helped by soft economic data, jump in tech stocks
- Stocks start September mixed; S&P posts best week since June, Dow, Nasdaq also up
- August Jobs Situation Pleases Markets And Likely The Fed, VGIT A Buy
- The Labor Market Is Softening, But The September Report Looms Large
- Are High Rates Finally Cooling U.S. Economic Growth?
- Federal Reserve Watch: We Will Do What Is Necessary
- Soft Or Hard, We Are Landing - Buckle Up
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Asia-Pacific markets mixed as traders remain cautious ahead of economic data this week