Asia

The market day in 3 points

Markets start the week with interesting insights for investors.
In 3 key points, which reflect as many areas of the world, here is what traders must monitor in this new day.
From Japan, with the spotlight on the next moves of the Bank of Japan in the process of its monetary policy change, up to the macro data from China and speculation on the Fed with the USA in the midst of the presidential primaries, the hot topics for the markets They are different.
In focus 3 issues that are animating the stock markets today.
1.
Stocks fall sharply in Japan Japanese stocks ended the session in the red, as growing speculation about an interest rate hike by the nation's central bank boosted the yen.
The Topix index fell 3.2%, its worst decline since March last year, with the yen hovering just below the 147 mark against the dollar.
Chip stocks within the benchmark slipped in a move that echoed the pressure on AI-related companies seen in the United States on Friday, when Nvidia Corp.
fell 5.6%.
read also The hidden US crisis that alarms Powell On the macro data front, Japanese economic growth increased in the fourth quarter, supporting expectations that the Bank of Japan will raise interest rates for the first time since 2007 as early as this month.
The declines in Japanese stocks partly reflected the strengthening of the yen, which typically acts as a drag on the country's stocks.
The yen extended last week's 2% rally against the dollar, its best weekly gain since July.
The currency appears poised to test the 145 per dollar mark and a break of that level could spur a rapid move towards 140, according to Amir Anvarzadeh, strategist at Asymmetric Advisors Pte.
2.
China on the rise Chinese stocks bucked the trend, with Solar energy stocks extended their recent gains as speculation that the government might ease curbs on renewable plants improved the outlook for the sector.
Stocks also rose on news that Chinese regulators met with financial institutions to ask big banks to increase financial support for the real estate sector.
Chinese price data released over the weekend showed a welcome rebound in inflation to 0.7% in February, even as producer prices remained mired in deflation.
read also Global economy in a nutshell, 5 things you absolutely need to know 3.
US awaits inflation Futures on US stocks are in the red after the Dow Jones Industrial closed its worst week since October.
Investors await with great interest the inflation data which will be released later this week.
The core price indicator is expected to rise 0.3% in February from the previous month and 3.7% year-on-year, which is the smallest annual increase since April 2021.
The core slowdown would complement the softer conditions seen in the February payrolls report, where unemployment hit a two-year high of 3.9%, and would keep the Federal Reserve on track to cut rates in the coming months.
read also Why do American savers continue to prefer stocks to bonds?

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