Asian shares rose after data showed consumption in China grew faster to start the year. US equity futures slid as Treasury Secretary Scott Bessent dismissed the market’s recent decline as healthy. Equities advanced in Australia, Japan and South Korea. A key gauge of Chinese stocks listed in Hong Kong gained as much as 1.3%. China’s onshore benchmark CSI 300 Index fluctuated, reflecting caution on signs of a worsening housing slump in the world’s No. 2 economy. Oil rose gained for a second day, benefiting from optimism that demand from top importer China will rise. The dollar was steady. Given the mixed signals from the latest Chinese data, investors may shift their attention to a key briefing scheduled Monday afternoon when authorities are expected to share more details on policies to stabilize the stock and property markets, lift wages and boost the birth rate. Reviving consumer spending is key to Beijing’s efforts to counter protectionist US policies that are upending global trade and causing a slowdown of Chinese exports. Treasuries edged higher in Asia trading. The benchmark 10-year yield dipped 1 basis point to 4.31%. Curbing risk appetite in US stock futures were latest remarks from Bessent who said he’s not worried about the recent downturn that’s wiped trillions of dollars from the equities market as the US seeks to reshape its economic policies. Elsewhere, investors will also be monitoring to a swath of central bank meetings this week as President Donald Trump’s trade salvos test policymakers’ nerves. The Bank of Japan is expected to keep its rate steady after a hike last month and the Bank of England is expected to stand pat. Meantime, Federal Reserve Chairman Jerome Powell Jerome faces a tricky task of both assuring investors the economy remains on solid footing and policymakers are ready to step in with support. Euoropean stock futures edged up in Asia trading after German Chancellor-in-waiting Friedrich Merz said Friday that an agreement had been reached with the Green party on debt-funded defense and infrastructure expenditure. The country’s spending plan also has lifted the euro. In commodities, gold edged higher after closing lower Friday for the first time in four days amid risk sentiment.
Nikkei +0.93% Hang Seng +0.92% CSI -0.29% Shanghai +0.17% Shenzen +0.09%
Eur$ 1.0883 CNH 7.2417 CNY 7.2391 JPY 148.85 GBP 1.2936 CHF 0.8843 RUB 85.50 TRY 36.6764 WTI$ 67.66 Gold 2,984 -0.02% BTC 83,718 +0.65% ETH 1,906 +0.63
S&P -0.61% Nasdaq -0.66% EuroStoxx +0.00% FTSE +0.16% Dax +0.15% SMI +012%
Macro :
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Keep an eye on :
Keep an eye on :
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