Global Markets:
- Asian Stock Markets : Nikkei down 0.41%, Shanghai Composite up 0.89%, Hang Seng down 1.22%, ASX up 0.50%
- Commodities : Gold at $1951.45 (0.43%), Silver at $23.41 (1.03%), Brent Oil at $90.56 (-0.17%), WTI Oil at $87.15 (-0.46%)
- Rates : US 10-year yield at 4.293, UK 10-year yield at 4.459, Germany 10-year yield at 2.6321
News & Data:
- (CAD) Employment change 39.9K vs 18.9K expected
- (CAD) Unemployment Rate 5.5% vs 5.6% expected
Markets Update:
Asia-Pacific markets had a mixed start to the week, with key economic data in focus. India will release August’s inflation and industrial output figures, while China will announce industrial output, retail sales, and house sale prices later in the week.
Hong Kong’s Hang Seng index fell by 1.2%, as the market caught up after a closure due to a “black rainstorm” warning. In contrast, mainland Chinese stocks rose, with the CSI 300 gaining 0.74%.
Australia’s S&P/ASX 200 snapped a four-day losing streak, rising 0.50%, while Japan’s Nikkei 225 dipped 0.41%. South Korea’s Kospi climbed 0.33%, but the Kosdaq declined by 0.19%.
In the U.S., stocks saw slight gains on Friday after a week of losses. The S&P 500 rose 0.14%, the Dow Jones Industrial Average added 0.22%, and the Nasdaq Composite eked out a 0.09% gain, driven by concerns about potential Federal Reserve rate hikes.
Upcoming Events:
- 10:45 PM GMT – NZD Visitor Arrivals m/m
- 11:00 PM GMT – GBP MPC Member Mann Speaks
