Asia-Pacific markets fell after weak Chinese GDP data
Nikada
The Japanese market is closed.
China -1.06%. China’s GDP grew less than expected to 6.3% in the second quarter
China’s industrial output growth of 4.4% beat forecasts; retail sales up 3.1%
The People’s Bank of China left the MLF rate unchanged at 2.65%, as expected.
New home prices were unchanged in June, the weakest result this year
The Hong Kong market is closed. Hong Kong markets will likely be closed throughout Monday due to the warnings issued for Typhoon Talim.
Australia -0.06%.
India +0.25%.
Singapore’s domestic non-oil exports in June were +5.4% m/m (+5.9% expected).
New Zealand data: June services PMI 50.1 (pre 53.3).
In the US on Friday, all three major indexes ended mixed. The broader S&P and Nasdaq indexes snapped a 4-day winning streak, while the Dow industrial average extended its record to 5 days. The technology-heavy Nasdaq Composite closed 0.18% lower at 14,113.70 points, while the benchmark S&P 500 slipped 0.10% to settle at 4,505.68 points. The Dow blue-chip added 0.34% to gains to finish at 34,510.61 points.
Investors are now waiting for more US data and corporate earnings reports from major US companies this week for more clues about the economy.
Oil prices fell for a second session on Monday after Libya resumed production and eyed Chinese data. Brent crude futures were down 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT, while US West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%.
Gold weakened toward $1,950 an ounce on Monday, retreating from a one-month high as investors continued to assess the outlook for the US Federal Reserve’s monetary policy.
Currency: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
US stock futures slipped on Monday: Dow -0.14%; S&P 500 -0.08%; Nasdaq -0.04%.
