KanawatTH
Japan -2.03%. Industrial production in Japan dropped by 0.7% mom in August 2023, compared with a flat reading in a preliminary figure and after a final 1.8% fall a month earlier.
China -0.61%. People’s Bank of China set MLF rate at 2.5% (expected 2.5%, prior 2.5%).
Hong Kong -0.87%.
India -0.03%.
Australia -0.35%.
New Zealand Services PMI for September 50.7 (prior 47.1).
Israel-Hamas conflict still a focus point to start the new week. Israeli Prime Minister Benjamin Netanyahu vowed on Sunday to “demolish Hamas” as his troops prepared for a ground invasion of the Gaza Strip, while Iranian President Ebrahim Raisi warned that the war could expand if Israel’s siege of Gaza does not stop.
In the U.S. on Friday, all three major indexes ended mixed, as upbeat corporate results from big banks were offset by falls in megacap stocks amid persistent concerns over inflation outlook.
Week Ahead: Investors now look ahead to fresh commentary from Federal Reserve officials for further clues on the central bank’s rate outlook. Internationally, inflation rates will be closely monitored in the United Kingdom, Canada, Japan, New Zealand. Meanwhile China will grab attention with its Q3 GDP growth rate, retail sales, industrial production, fixed asset investment, unemployment rate, and house price index.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
U.S. stock futures rose on Monday as investors look ahead to corporate earnings reports from major firms this week: Dow +0.22%; S&P 500 +0.32%; Nasdaq +0.38%.
ETFs: (JEQ), (EWJ), (DXJ), (FXY), (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB).