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Downward Trend in Asia-Pacific Market: Focus on Economic Signals

Asia-Pacific Market Economic Signals

Discover Asia-Pacific market trends while focusing on economic signals in this insightful report on the week’s financial landscape.

The week they were commenced with a downturn in the Asia-Pacific markets, with various indices experiencing declines. Here’s a comprehensive overview of the global markets, critical news, and data influencing the financial landscape.

Global Markets Overview

  • Asian Stock Markets: Nikkei down 0.60%, Shanghai Composite down 0.38%, Hang Seng down 0.58%, ASX down 0.76%
  • Commodities: Gold at $2013.05 (0.53%), Silver at $24.70 (1.50%), Brent Oil at $79.71 (-0.96%), WTI Oil at $74.74 (-1.06%)
  • Rates: US 10-year yield at 4.499, UK 10-year yield at 4.336, Germany 10-year yield at 2.629

Notable News & Data

  • (CAD) Core retail sales 0.2% vs -0.3% expected
  • (CAD) Retail sales m/m 0.6% vs 0.0% expected
  • (USD) Flash Manufacturing PMI 49.4 vs. 49.9 expected
  • (USD) Flash Services PMI 50.8 vs. 50.4 expected

Downward Trend in Asia-Pacific Market: Focus on Economic Signals

The Asia-Pacific markets saw a downward trend as property stocks impacted Chinese markets, and Japan experienced a surge in service inflation, reaching a 45-month high. According to Monday’s government data, China reported a slower decline in industrial profits, the least in almost a year.

Looking Forward

Investor focus is now on upcoming economic indicators. China will release official factory activity figures for November on Thursday, while Australia’s October inflation data, set for Wednesday, will provide insights into the central bank’s strategies. India’s GDP figures for the three months ending in September will be on Thursday.

Market Movements

  • Hong Kong’s Hang Seng index dropped by 0.58%
  • Mainland China’s CSI 300 index fell by 1.03%
  • Australia’s S&P/ASX 200 initially gained but eventually dropped by 0.76%
  • Japan’s Nikkei 225 slipped by 0.60%
  • South Korea’s Kospi was the sole primary benchmark in positive territory, climbing by 0.1%

US Market Recap

In the US, the three primary indexes had mixed results on Friday. The Dow Jones Industrial Average rose by 0.33%, the S&P 500 saw a slight increase of 0.06%, and the Nasdaq Composite fell by 0.11%. Retail giants, marking the start of the holiday shopping season, had modest gains.

Upcoming Events

  • 2:00 PM GMT – EUR ECB President Lagarde Speaks
  • 3:00 PM GMT – USD New Home Sales

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