Japan +1.11%. A survey by the Japan Trade Union Confederation showed that, on average, the country’s unions demanded a 4.49% wage increase by 2023, according to a statement on Friday.
Porcelain -0.21%. China’s growth targets announced over the weekend “were not a surprise, but they could is disappointing for some investors,” Citi’s chief China economist Xiangrong Yu and his team said in a note Monday.
Hong Kong +0.46%.
Australia +0.62%. Australia MI monthly inflation for February +0.4% m/m (previous +0.9%).
The Reserve Bank of Australia is expected to raise its overnight cash rate by 25 basis points to 3.6%, according to economists polled by Reuters.
India +1.07%.
On Wall Street on Friday, major stock indexes ended the week higher as Treasury yields retreated from their recent highs and investors weighed the cumulative impact of already-implemented Fed hikes and digested this week’s comments from the central bank. The Dow Jones Industrial Average rose 387.40 points, or 1.17%, to 33,390.97. The S&P 500 it rose 1.61% to 4,045.64, and the Nasdaq Composite gained 1.97% to close at 11,689.01.
US Non-Farm Payroll will be a key focus this week with expectations that hiring will cool, prompting the Federal Reserve to maintain a smaller rate hike pace.
New Zealand – February ANZ Commodity Price Index +1.3% m/m (previous -1.0%).
South Korea’s February CPI shows the slowest increase since April 2022.
Oil prices opened lower on Monday after China set a modest economic growth target this year of around 5%, below market expectations for 5.5% growth in the second-biggest oil consumer. world oil.
Brent crude futures were trading down 50 cents, or 0.6%, at $85.33 a barrel at 0147 GMT. US West Texas Intermediate (WTI) crude futures were down 46 cents, or 0.6%, at $79.22 a barrel.
Gold prices edged lower on Monday as central banks signaled further interest rate hikes to tame stubbornly high inflation, diminishing the appeal of bullion as a hedge against price rises.
golden point It was down 0.1% at $1,853.99 an ounce as of 0305 GMT after rising to its highest level since February 15 on Friday. usa gold futures increased 0.3% to $1,859.90.
Gold prices edged lower on Monday as central banks signaled further interest rate hikes to tame stubbornly high inflation, diminishing the appeal of bullion as a hedge against price rises.
golden point It was down 0.1% at $1,853.99 an ounce as of 0305 GMT after rising to its highest level since February 15 on Friday. US gold futures rose 0.3% to $1,859.90.
US futures mostly up. dow jones -0.03%; S&P 500 +0.06%; nasdaq +0.18%.