Welcome to Extreme Investor Network, where we provide you with the latest and most valuable insights in the world of finance. Today, we are diving into the latest market updates from Asia and the upcoming economic events that are set to impact global investors.
Asian shares mostly rose on Monday, with Japan’s Nikkei 225 leading the gains by jumping 1.3% in morning trading. Sydney’s S&P/ASX 200 and South Korea’s Kospi also saw positive movements. Hong Kong’s Hang Seng added 0.8%, while the Shanghai Composite remained relatively stable.
Investors are eagerly anticipating earnings reports from top global companies and keeping an eye on the upcoming U.S. consumer prices report, which will be a key gauge for inflation trends. As market analyst Yeap Jun Rong from IG mentioned, while risk sentiments are expected to improve, gains may be limited as investors await the crucial U.S. consumer price index data later this week.
Last week, Wall Street ended on a positive note with a strong rally fueled by a robust U.S. jobs report. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all recorded gains, with technology companies playing a significant role in the rally.
The U.S. government is set to release its March report on consumer prices this week, which will provide further insights into inflation trends. Treasury yields rose following the strong jobs report, with the 10-year Treasury yield climbing to 4.40%.
In addition to inflation concerns, rising energy prices have been a point of contention, particularly for import-dependent economies like Japan. However, recent signs of economic recovery in various regions have increased energy consumption, leading to upward pressure on prices.
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