BANGKOK (AP) — Stocks in Asian markets mainly rose on Monday after U.S. stocks edged back from a day earlier. Best ever followed by weaker than expected Report on the US economy.
U.S. futures were little changed, and oil prices were mixed.
Following the Japanese government’s announcement, Tokyo’s Nikkei 225 index rose 0.3% to 68,929.33. the economy has grown It expanded at an annualized pace of 1.1%, slightly better than expected in the April-June period, despite flat personal spending and investment and slower export growth. On a quarterly basis, the economic growth rate in the second quarter of this year was 0.3%.
In Hong Kong, the Hang Seng Index rose 1.6% to 25,521.99, while the Shanghai Composite Index rose 0.8% to 3,960.19.
South Korean markets were closed due to the holiday.
In Australia, the S&P/ASX 200 fell 0.4% to 9,076.90.
Taiwan’s Tyex rose 0.5%, while India’s Sensex fell 0.5%.
On Friday, the S&P 500 fell 0.2% following reports that: Shoppers reduced spending at US retail stores last month. Such data is federal reserve system keep interest rate This is a plus for investors. However, it also suggests that growth may slow down in the following periods. inflation It’s still expensive.
So-called “stagflation” is considered the worst-case scenario because the Fed doesn’t have a good way to address both economic stagnation and high inflation at the same time.
The Dow Jones Industrial Average fell 0.2%, and the Nasdaq Composite fell 0.3%.
wall street will receive financial updates from some of the country’s largest retailers this week.
Home Depot released its latest financial results on Tuesday, followed by Target and Lowe’s on Wednesday and Walmart on Thursday. The results will help investors get a better picture of how businesses and consumers are coping with persistently high inflation.
Wall Street and economists will learn more details about the Federal Reserve’s interest rate policy when the central bank releases minutes of its July meeting on Wednesday.
In other trading early Monday, international standard crude Brent crude rose 0.1% to $88.62 per barrel, while benchmark U.S. crude fell 0.3% to $82.19 per barrel.
Amid uncertain prospects for an agreement to end the war with Iran, the stability of Iran remains uncertain. oil supply The situation remains uncertain, with the Strait of Hormuz largely closed and a vital route for oil and gas tankers from the Middle East cut off.
The dollar fell from 159.32 yen to 159.09 yen. The euro rose to $1.1587 from $1.1588.
