Nikada
Japan (NKY:IND) -1.37%. Japan Final Manufacturing PMI for March 2024 comes in at 48.2 (flash 48.2, prior 47.2).
BOJ Tankan Q1 2024: Large Manufacturers Index +11 (expected +10).
China (SHCOMP) +0.81%. China shows the manufacturing sector in the mainland grew the most in 13 months, while official data show the factory activity returned to growth and the services sectors hit a nine-month high.
Hong Kong (HSI) market closed.
India (SENSEX) +0.59%.
Australia (AS51) market closed.
Markets in Australia and Hong Kong were shut for Easter Monday.
In the U.S. on Thursday, all three major indexes closed mixed on the last trading day of Q1, just ahead of the Easter break.
Data released on Friday showed that the Fed-preferred inflation gauge rose 0.3% month-on-month in February, slowing from an upwardly revised 0.4% gain in January which was also the consensus forecast. Meanwhile, Fed Chair Jerome Powell reiterated on Friday that the central bank was in no hurry to cut interest rates, and that the latest PCE inflation data was along the lines of what the Fed wants to see.
U.S. stock futures climbed on Monday to start the week, while investors look for new catalysts in the second quarter: Dow +0.38%; S&P 500 +0.37%; Nasdaq +0.61%.
Investors now look ahead to the monthly jobs report this week, among other economic reports. Other important data include: JOLTS job openings, ISM Manufacturing and Services PMI, factory orders, and foreign trade data. In addition, Manufacturing PMI readings from China, South Korea, Russia, Canada, Italy, Spain, and Switzerland, as well as Services PMI from China, Brazil, Spain, and Italy, will be under scrutiny. Moreover, the unemployment rates in Canada and the Euro Area, along with India’s interest rate decision, are set to influence market sentiment and investment decisions.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).