YANG - Asia-Pacific markets mixed echoing Wall Street moves with resilient U.S. economy in focus
2023-09-08 02:54:01 ET
Japan -1.16% . Japan Q2 GDP revised down to 4.8% from 6%.
Japan July real wages fall 2.5% y/y, and household spending falls 5% y/y.
The gauge for Japan's service sector sentiment declined to 53.6 in August 2023 from 54.4 in the previous month, below the market forecast of 54.4, the Economy Watchers' Survey showed.
Japan's current account surplus jumped to JPY 2.772 trillion in July 2023 from JPY 1.509 trillion in June, coming in above forecasts of JPY 2.296 trillion.
The value of loans in Japan increased 3.1% year-on-year in August 2023, accelerating for the first time in three months and exceeding market expectations for a 2.8% growth.
China -0.16% .
Hong Kong market closed. Hong Kong halts stock trading on weather alert , after the issuance of a Black Rainstorm Warning alert.
India +0.44% .
Australia -0.20% .
The unemployment rate in Malaysia fell to 3.4% in July 2023 from 3.7% in the same month a year earlier.
Indonesia's consumer confidence climbed to 125.2 in August 2023 from July’s four-month low of 123.5 in the previous month, as all sub-indexes increased.
The number of foreign tourist arrivals in Sri Lanka climbed by 261.2% year-on-year to 136,405 in August 2023, following a 202.4% jump in the previous month.
South Korea reported a current account surplus of $3.58 billion in July 2023, remaining positive for the third straight month on the back of widened trade surplus and dividend payments from overseas.
In the U.S. on Thursday, all three major indexes ended mixed , as renewed concerns about the Federal Reserve's interest rate policy path weighed on sentiments. The tech-heavy Nasdaq Composite slid 0.89% to close at 13,748.83 points. The benchmark S&P 500 fell 0.32% to settle at 4,451.20 points. The Dow outperformed, with the blue-chip gauge rising 0.17% to finish at 34,500.99 points.
Investors were also cautious ahead of Chinese CPI data for August that will be due over the weekend, as July's reading heightened worries over deflationary risk in the country.
Heads up for Chinese inflation data due over the weekend - August CPI and PPI.
Oil prices fell for a second session on Friday on demand concerns, still headed for weekly gain. Brent crude futures slid 33 cents, or 0.4%, to $89.59 a barrel by 0050 GMT, while U.S. West Texas Intermediate crude, or WTI, futures declined 33 cents, or 0.4%, to $86.54.
Gold steadied above $1,920 an ounce on Friday, but was still set to end the week lower with resilient U.S. economy in focus. Spot gold was up 0.3% to $1,924.98 per ounce by 0345 GMT, but set for a 0.7% weekly fall. U.S. gold futures rose 0.3% to $1,949.00.
Silver rose 0.6% to $23.08 per ounce and platinum gained 0.2% to $905.34. However, both were set for their worst weeks since June 23.
Palladium was up 0.6% to $1,218.77.
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 steadied on Friday after the major averages ended mixed during Thursday’s regular session: Dow +0.13% ; S&P 500 +0.17% ; Nasdaq +0.27% .
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
-
Federal Reserve's policy rate is in "a good place' right now, NY Fed's Williams says
-
U.S. economy bolstered by consumer spending in June and July: Fed's Beige Book
-
Fed will need to keep rates 'restrictive' for 'some time', Boston Fed's Collins says
For further details see:
Asia-Pacific markets mixed echoing Wall Street moves with resilient U.S. economy in focus