A look at the day ahead in Asian
markets. Tokyo markets will reopen on Tuesday after a long weekend
with consumer price and spending data to take in early Tuesday
and must.
Tokyo markets will reopen on Tuesday after a long weekend with consumer price and spending data to take in early Tuesday and must decide what to make of the strong tech-led rally on Wall Street after Friday's directionless trading. Later in the week the U.S. December CPI report could provide important signals for global investors. For a day at least Nikkei and JGB players will have to get cues from Japan's December household spending and Tokyo Consumer Price Index.
A look at the day ahead in Asian markets.U.S. payrolls and service sector data won't offer much inspiration to Asian markets this week, thanks to the ambiguous economic and Fed policy picture that churned markets on Friday, though a handful of regional economic reports due out and the Taiwan election on S
A look at the day ahead in Asian
markets. U.S. payrolls and service sector data won t offer much
inspiration to Asian markets this week, thanks to the ambiguous
economic. -January 07, 2024 at 05:28 pm EST
- MarketScreener
U.S. payrolls and service sector data won't offer much inspiration to Asian markets this week, thanks to the ambiguous economic and Fed policy picture that churned markets on Friday, though a handful of upcoming regional economic reports and the Taiwan election on Saturday with geopolitical ramifications will grab the spotlight. U.S. stock indexes seesawed to a small gain on Friday, even as the S&P 500 and Nasdaq posted their worst weekly showing in months, after the Labor Department reported that U.S. employers hired more workers than expected last month while raising wages at a solid clip. Markets initially dialed back bets the Fed would start cutting interest rates in March, before the Institute for Supply Management (ISM) said that service sector employment plunged to 43.3 in December to the lowest level since July 2020 restored some of the speculation that policy makers would hike rates early in 2024.