Author Archive

Lee Ying Shan@in/ying-shan-lee@LeeYingshan & Lim Hui Jie

Key Points

• Investors in Asia assessed July pay data out of Japan, which could provide more room to the Bank of Japan for raising rates.
• Average monthly cash earnings in the country rose 3.6% year-on-year, a softer rise compared to the 4.5% climb seen in June.
• Other economic data coming from the region include trade data from Australia and Singapore’s retail sales numbers.

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Lim Hui Jie

Key Points

• Chip giants Samsung Electronics and SK Hynix — both Nvidia suppliers — lost 3.45% and 8.02% respectively.
• However, mainland Chinese and Hong Kong indexes saw smaller losses compared to other markets.

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Lim Hui Jie

Key Points

• Among the economic data coming out from major markets in the region inflation numbers from South Korea, Australia’s second-quarter GDP data, as well as data on pay and household spending from Japan later this week.
• Over the weekend, China released its official PMI data for August. The manufacturing PMI fell to a six month low of 49.1, a faster contraction compared to the 49.4 seen in July.

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Sophie Kiderlin@in/sophie-kiderlin-b327b914a/@SKiderlin

LONDON — European markets were higher on Friday, the last trading day of August, as investors looked to key inflation data from across the region and the U.S.

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Gold prices gained on Thursday, fueled by strong expectations of a Federal Reserve rate cut in September with investors focusing on U.S. inflation data for further insights on the potential size of the cut.

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Lim Hui Jie

Key Points

• U.S. economic data such as initial jobless claims and a stronger second-quarter GDP number helped calm recessionary fears
• Traders in Asia assessed economic data out of Japan, including inflation in the capital city of Tokyo, which is widely considered a leading indicator of nationwide trends.

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Sophie Kiderlin@in/sophie-kiderlin-b327b914a/@SKiderlin

LONDON — European markets were higher at the open on Wednesday as investors looked to fresh earnings and economic data for clues about the outlook for stocks globally.

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Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut.

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Lim Hui Jie

Key Points

• Australia’s CPI rose 3.5% year on year, slightly above the 3.4% rise expected by economists polled by Reuters and compared to 3.8% in June.
• Minutes of the Reserve Bank of Australia’s last meeting revealed that the central bank had considered raising interest rates in its bid to tame inflation.

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Sophie Kiderlin@in/sophie-kiderlin-b327b914a/@SKiderlin

LONDON — European markets are set to open higher on Tuesday as investors weighed geopolitical risks and U.K. markets are due to reopen after being closed on Monday for a national bank holiday.

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