Market News

Asia-Pacific Market: Key Data and Global Events

Asia-Pacific market

Explore Asia-Pacific market dynamics amidst global events—insights on mixed trends, economic indicators, and regional developments.

Global Market Overview

Asia-Pacific stock markets exhibited a diverse range of performances today. The Nikkei closed its session, the Shanghai Composite experienced a 0.40% dip, and the Hang Seng showed resilience with a 0.71% increase. Australia’s ASX index managed a modest uptick of 0.231%.

Commodity and Rate Movements

In the commodities sector, gold rose to $1865.45 (1.08%), while silver increased to $21.98 (1.45%). Brent oil surged to $87.38 (3.48%), and WTI oil followed suit, reaching $85.75 (3.4%). Meanwhile, market rates displayed stability, with the US 10-year yield at 4.725%, the UK 10-year yield at 4.650%, and Germany’s 10-year yield at 2.836%.

Key News and Data

In Canada (CAD), Employment Change exceeded expectations, recording 63.8K compared to the anticipated 22.1K.

The Canadian Unemployment Rate stood at 5.5%, slightly lower than the expected 5.6%.

In the US (USD), Non-Farm Employment Change surpassed predictions at 336K, surpassing the expected 171K.

The US Unemployment Rate came in at 3.8%, slightly higher than the anticipated 3.7%.

Average Hourly Earnings in the US (USD) were 0.2%, just below the expected 0.3%.

Asia-Pacific Market 

Asia-Pacific markets started the week on a varied note as Chinese markets resumed trading after the Golden Week holiday. Investors kept a close watch on essential economic indicators, including inflation and trade data from China and India, as well as the monetary policy decision of Singapore’s central bank. Notably, both Japan and South Korea observed a market holiday today.

The S&P/ASX 200 index broke its five-day losing streak in Australia, recording a 0.23% gain. In Hong Kong, Hang Seng index futures indicated a robust start, but the authorities canceled the morning session due to a typhoon warning, which authorities later downgraded.

Following the Golden Week holiday, mainland Chinese markets experienced a 0.49% decline in the CSI 300 index. Meanwhile, the US markets had closed the previous week positively, with major indexes posting gains following robust US job data and increased Treasury yields. The Dow Jones Industrial Average rose by 0.87%, the S&P 500 climbed 1.18%, and the Nasdaq Composite gained 1.6%.

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