China LPR, Israel strikes, oil, gold prices

[Pelican Press 0]

China LPR, ******* strikes, oil, gold prices

Photo taken on January 21, 2024 shows a real estate project under construction in Huai ‘an city, Jiangsu province, China.

CFOTO | Future Publishing | Getty Images

Asia-Pacific markets are set to rebound from Friday’s sell-off as investors look to fresh data points out of China, Japan and South Korea this week.

On Friday, markets in the region tumbled after ******* launched a strike at Iran, causing stocks to fall and safe-haven assets to climb.

On Monday, investors will monitor China’s one-year and five-year loan prime rates. The five-year LPR will be closely watched, as it acts as the peg for most property mortgages.

In Australia, the S&P/ASX 200 will start the week with a stronger open, at 7,621 compared to the last close of 7,567.3.

Japan’s Nikkei 225 is also set to rise, with the futures contract in Chicago at 37,285 and its counterpart in Osaka at 37,100 against the index’s last close of 37,068.35.

Futures for Hong Kong’s Hang Seng index stood at 16,331, pointing to a positive open compared to the HSI’s close of 16,224.14.

On Friday in the U.S., the Nasdaq Composite and S&P 500 fell for a sixth straight session, notching their longest losing streak since October 2022.

The downtrend comes as Nvidia dived, adding to recent market woes tied to geopolitical conflicts and sticky inflation.

In contrast, the Dow Jones Industrial Average rose 0.56%, lifted by a rally of more than 6% in ********* Express following earnings.

— CNBC’s Yun Li and Alex Harring contributed to this report.

This is the hidden content, please

• Sign In
• or
• Sign Up

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,business news
#China #LPR #******* #strikes #oil #gold #prices

This is the hidden content, please

• Sign In
• or
• Sign Up