PGJ - Asia-Pacific stocks lower amid weak China trade data dovish RBA rate hike
2023-11-07 03:10:18 ET
Japan ( NKY:IND ) -1.34% . Japan data - September Household Spending -2.8% y/y (vs. expected -2.7%).
Japan data - September Labor Cash Earnings +1.2% y/y (expected +1.0%).
China ( SHCOMP ) -0.04%. China October exports -6.4% y/y (expected -3.3%) & imports +3% y/y (expected -4.8%).
Hong Kong ( HSI ) -1.49%.
India ( SENSEX ) -0.29%.
Australia ( AS51 ) -0.29%. Australia - RBA announce a +25bp interest rate hike , as widely expected.
Australia’s 10-year government bond yield fell to around 4.7%, heading toward its lowest levels in three weeks after the Reserve Bank of Australia delivered what analysts suggested was a dovish interest rate hike.
In the U.S. on Monday, all three major indexes ended higher , underpinned by a rebound in Treasury yields, while investors continued to assess the outlook for Federal Reserve monetary policy.
U.S. stock futures lower on Tuesday after the major averages ended higher during the last regular session: Dow -0.26%; S&P 500 -0.27%; Nasdaq -0.27%.
Traders were also cautious as they anticipated Chinese consumer and producer prices and awaited guidance from a host of Federal Reserve policymakers later this week on the central bank's policy path.
Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).
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Asia-Pacific stocks lower amid weak China trade data, dovish RBA rate hike