Asian markets showed a divided performance this morning, with some indices edging higher while others dipped amid lingering uncertainty over global growth. Traders remained cautious ahead of crucial economic data from Europe and the US later today, which could set the tone for the rest of the week. As European and US markets prepare to open, all eyes are on inflation figures and central bank commentary for fresh clues on interest rate trajectories.
In Asia, Japan’s Nikkei 225 rose by 0.4%, supported by a weaker yen boosting export-oriented stocks. Meanwhile, China’s Shanghai Composite slipped 0.3% as property sector concerns weighed on sentiment. Hong Kong’s Hang Seng Index traded flat, with tech shares struggling amid lingering regulatory worries. South Korea’s KOSPI gained 0.5%, helped by strong semiconductor stocks, while Australia’s ASX 200 dipped slightly as mining shares underperformed.
Market participants are now shifting focus to Europe, where futures suggest a subdued open. Investors will scrutinise the latest Eurozone inflation data, which could influence the European Central Bank’s next policy move. A hotter-than-expected reading may fuel bets on further rate hikes, while a softer figure could ease pressure on policymakers.
In the US, stock futures were little changed ahead of key jobs and manufacturing data. Wall Street will also monitor speeches from Federal Reserve officials for hints on whether the central bank is done tightening monetary policy. With recent mixed economic signals, traders remain hesitant, and volatility could pick up later in the session.
Overall, markets appear to be in a holding pattern, awaiting fresh catalysts. The next 24 hours could prove pivotal in shaping near-term trends across global equities.
REFH – newshub finance
Recent Comments