Israel attacks, oil price, China GDP

[Pelican Press 0]

******* attacks, oil price, China GDP

Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, Feb. 6, 2024. 

Bloomberg | Bloomberg | Getty Images

Asia-Pacific markets slipped Monday as traders weighed the impact of Iran’s drone ******* on ******* over the weekend, with focus also on key economic data from China and Japan later in the week.

Iran launched more than 300 drones and missiles against military targets in ******* on Saturday in an ******* that President Joe Biden described as 

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The U.S. intervened to directly help ******* ****** down nearly all of the incoming munitions, Biden said in a statement Saturday.

Oil prices were little changed on Monday morning, with Brent crude futures trading 0.02% up at $90.47 per barrel and U.S. West Texas Intermediate futures 0.13% lower at $85.55.

India will release its wholesale inflation figures for March later in the day, while China will announce its first quarter GDP numbers on Tuesday. Japan will release its March trade data and inflation numbers on Wednesday and Friday, respectively.

Japan’s Nikkei 225 fell 1.28% on open, while the broad-based Topix was down 0.97%.

South Korea’s Kospi fell 0.92%, while the small-cap Kosdaq dropped 1.58%.

In Australia, the S&P/ASX 200 saw a smaller loss compared to other ****** markets, down 0.14%.

Futures for Hong Kong’s Hang Seng index stood at 16,476, pointing to a weaker open compared to the HSI’s close of 16,721.69.

U.S. stock futures ticked higher Sunday as investors assessed Iran’s missile and drone strike on *******, as well as a spike in equity market volatility that sent the Dow Jones Industrial Average to its worst week of the year last week.

Futures tied to the Dow Jones Industrial Average rose 90 points, or 0.2%. S&P 500 futures added 0.2% and Nasdaq-100 futures advanced 0.3%.

Gold futures pulled back slightly at $2,373 an ounce. Bullion hit a record level last week and is up 15% this year as investors seek safety from sticky inflation and geopolitical tensions.

— CNBC’s Hakyung Kim contributed to this report.

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SHENZHEN COMPONENT INDEX,ICE Brent Crude (Apr'23),WTI Crude (Mar'23),*********** Dollar/US Dollar FX Spot Rate,USD/JPY,DXY US Dollar Currency Index,Hang Seng Index,KOSPI Index,S&P/ASX 200,Nikkei 225 Index,Shanghai,Breaking News: Asia,Breaking News: Markets,Markets,World Markets,Asia Economy,Australia,Economic events,Prices,Dow Jones Industrial Average,business news
#******* #attacks #oil #price #China #GDP

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