[ad_1]
© Reuters.
Doris You
Investing.com-Asia-Pacific stock markets rose in early trading on Monday. Investors are paying close attention to inflation data and the testimony of Federal Reserve Chairman Jerome Powell later this week to obtain information on the economic recovery from COVID-19 and the timetable for asset shrinking Further clues.
As of 10:31 pm Eastern Time (2:31 am GMT), the Japanese stock market rose 2.27%.
South Korea’s stock market rose 0.93% after the country began Monday tightening its COIVD-19 restrictions to the strictest level possible in Seoul and neighboring areas to combat the virus outbreak.
In Australia, it rose by 0.90%. Australia reported on Monday that the country’s largest city is entering its third week of lockdown.
The Hong Kong stock market rose 0.86%.
The Chinese stock market rose 1.13%, while the Chinese stock market rose 1.17%.
Following China’s abrupt easing of policy last week, China released data on economic growth, trade, retail and industrial output.
“In the past month, due to some disappointing partial data that made the prospects of economic growth deviating from the peak of the pandemic recovery worse, expectations for China’s prospects have declined in the past month… However, annual growth is expected The rate will remain higher than 8.0%, and, by the second half of 2022, the quarterly growth pulse should firmly return to the trend,” Westpac analysts said in a report.
The US will release (CPI) later this week and in June. Investors will also pay close attention to Powell’s testimony on Wednesday and Thursday to provide clues about the possibility of an early production cut.
The yield on the benchmark 10-year US Treasury note stabilized at 1.365%. After rising prices for eight consecutive trading days, it fell to 1.25% on Friday.
NatWest Markets analysts told Reuters: “The rise in U.S. interest rates in July was very significant.” “No one can explain this move perfectly…but concerns about global growth and COVID-19 delta variables have triggered new concerns about inflation. doubt.”
On the other side of the Atlantic, the President of the European Central Bank (ECB) Christina Lagarde said on Monday that the central bank will change its guidance on monetary stimulus within 10 days and that it may introduce new policies in 2022 to support the European economy. After the bond issuance, the procedure ends.
Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.
[ad_2]
Source link
