Nikada
Japan +0.92%. BOJ Governor Kazuo Ueda met with Prime Minister Fumio Kishida to discuss economic developments but the talks did not involve the yen’s volatility.
China +0.37%. Mainland stock struggling for clear direction as economic uncertainties in China continued to weigh on sentiment.
Hong Kong +0.50%. Hong Kong’s inflation rate slowed more than expected in July, coming in at 1.8% compared to the 2% expected by economists.
India +0.12%
Australia +0.05%. ANZ Roy Morgan weekly consumer confidence 79.0 (prior 81.4).
Indonesia posted a current account deficit of USD 1.93 billion (0.5% of GDP) in the second quarter of 2023, reversing from a surplus of USD 3.85 billion (0.9% of GDP) in the same period of the previous year.
In the U.S. on Monday, all three major indexes ended largely higher. The tech-heavy Nasdaq Composite gained 1.56% to close at 13,497.59 points. The benchmark S&P 500 advanced 0.69% to settle at 4,399.90 points, while the Dow finished 0.11% lower at 34,464.41 points.
The benchmark U.S. 10-year Treasury note yield hit a high of 4.34%, reaching its highest level since November 2007. This is notable as higher bond yields generally mean lower stock prices.
Investors also braced for preliminary US August PMI data and the Federal Reserve’s annual economic symposium at Jackson Hole, where Fed Chair Powell will deliver his speech Friday for further clues on the rates path.
Oil prices were up in early trade on Tuesday, ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, China woes.
Brent crude was up 10 cents at $84.56 a barrel and U.S. West Texas Intermediate crude was trading 9 cents higher at $80.81 a barrel at 0101 GMT.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
U.S. stock futures lower on Tuesday after the major averages ended mixed during Monday’s regular session, with mega-cap technology names outperforming the market : Dow -0.08%; S&P 500 -0.11%; Nasdaq -0.18%.
