Nikada
Japan’s stock market (NKY:IND) surged by 1.16%, fueled by Tokyo’s headline Consumer Price Index for December coming in at 2.4% year-on-year, slightly lower than the previous figure of 2.6%.
In China, the benchmark Shanghai Composite Index (SHCOMP) rose by 0.28%. Furthermore, China’s 10-year government bond yield dropped to a 3-year low of 2.53%.
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Investors are eagerly awaiting Chinese trade and inflation data this week, seeking insights that will influence economic and policy decisions.
Hong Kong’s Hang Seng Index (HSI) also advanced by 0.29%.
India’s SENSEX climbed by 0.86%. The country’s inflation data for December and industrial production for November are anticipated this Friday.
Australia’s ASX 200 index experienced a 0.93% upswing, with November Retail Sales exceeding expectations at a 2.0% month-on-month rise.
Notably, private house approvals in Australia declined by 1.7% month-on-month in November 2023, reversing from a 2.2% increase in October.
In the U.S. on Monday, all three major indexes finished strongly after snapping a 9-week winning streak. This rebound was driven by a resurgence in tech stocks ahead of earnings season and the imminent release of crucial inflation data later this week.
U.S. stock futures slightly declined on Tuesday following the solid start to the week, during which technology stocks made noteworthy gains: Dow (-0.14%); S&P 500 (-0.13%); Nasdaq (-0.14%).
Investors are now looking forward to significant US inflation data this week to glean further insights into the path of Federal Reserve monetary policy. Additionally, major banks, such as Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, are set to report earnings this week.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).