Nikada
Japan +0.31%.
China -0.62%. People’s Bank of China lowered its one-year loans prime rate by 10 basis points to a record low of 3.45%, but kept the five-year loan prime rate unchanged at 4.2%.
Chinese property firm Country Garden set to be removed from Hong Kong’s Hang Seng Index.
The yuan faced pressure as well from a deepening property sector crisis in China involving top developers Country Garden and China Evergrande.
Hong Kong -1.70%.
India +0.32%
Australia -0.34%.
New Zealand July exports dropped on the month while imports rose.
Thailand’s gross domestic product expanded 1.8% year-on-year in the Q2 of 2023, coming below market expectations of 3.1% and easing from a downwardly revised 2.6% rise in the previous period.
Residential property prices in Indonesia increased by 1.92 percent year-on-year during the second quarter of 2023.
In the U.S. on Friday, all three major indexes ended unchanged after the benchmark indices swung back and forth for most of the trading day. The Nasdaq Composite concluded -0.2%, while the S&P 500 and the Dow finished mostly even.
Oil prices were steady on Monday as rates anxiety, China gloom offset tighter supply.
Brent crude dipped 8 cents to $84.72 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $81.28 a barrel, up 3 cents.
Gold prices edged up from 5-month lows on Monday as focus turns to Jackson Hole summit.
Spot gold rose 0.3% to $1,892.88 per ounce by 0446 GMT, while U.S. gold futures added 0.3% to $1,921.70.
In other metals, spot silver climbed 0.7% to $22.85 per ounce and platinum was up 0.1% at $910.83. Palladium gained 0.2% to $1,258.49.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
U.S. stock futures lower on Monday after the major averages suffered another losing week, as higher Treasury yields and hawkish signals from the Federal Reserve pressured equities: Dow -0.05%; S&P 500 -0.11%; Nasdaq -0.12%.
