The Asian market was mixed on Monday in calm trading as investors awaited key reports on the state of the U.S. economy set to be released later in the week. At Extreme Investor Network, we understand the importance of staying up-to-date on global market trends and how they can impact your investment strategy.
Hong Kong’s Hang Seng index edged 0.2% higher while the Shanghai Composite index was up 0.1%. Despite markets in Tokyo and Bangkok being closed for holidays, the Kospi in Seoul jumped 1.1% and Australia’s S&P/ASX 200 rose 0.5%.
Last week saw market volatility amid concerns over the U.S. economy possibly slowing too quickly, with Japanese stocks experiencing their worst loss since 1987. However, the markets calmed down towards the end of the week as big U.S. companies reported better-than-expected profits for the spring.
This week, investors will be closely watching reports on inflation, retail sales, and unemployment numbers. The recent jobs report raised hopes for the economy, but concerns remain about rising prices affecting lower-income households. If inflation reports show higher-than-expected price increases while economic indicators weaken, it could spell trouble for the economy.
At Extreme Investor Network, we focus on providing unique insights and analysis to help our readers navigate through market uncertainties. Stay informed with our expert advice on how to adjust your investment strategy in response to changing market conditions.
Worries about the strength of the U.S. economy led Treasury yields lower last week as investors sought safer assets. The yield on the 10-year Treasury fell to 3.94% as expectations grew for further rate cuts from the Federal Reserve.
In electronic trading, U.S. benchmark crude oil gave up 38 cents, while the dollar rose against the Japanese yen and the euro. Stay tuned for more updates on market developments and how they can impact your investment decisions from Extreme Investor Network.