Asia markets mixed tracking decline in global markets, investors focus on earnings

Asia markets mixed tracking decline in global markets, investors focus on earnings in China. Bank of Japan kicks off its two-day monetary policy meeting today. South Korea's economy expanded 3.4% in the first quarter from a year ago. In the U.S., all three major indexes ended little changed on Wednesday. The yen weakened to 34-year lows against the dollar.

Asia markets rise tracking global markets as strong corporate earnings boost sentiment

Asia markets rise tracking global markets as strong corporate earnings boost sentiment. U.S. Stock futures climb higher on Wednesday as investors react to corporate earnings reports. On Tuesday, all three major indexes in the US ended higher. Investors continue to monitor geopolitical developments in the Middle East.

Asia markets mostly rise tracking a tech-led rebound on Wall Street, focus on busy earnings week

Asia markets mostly rise tracking a tech-led rebound on Wall Street, focus on busy earnings week. Japan's yen hits new 34-year lows against the dollar. China created 3.03 million new urban jobs in the first quarter of 2024. In the U.S., on Monday, all three major indexes rebounded from their worst week of the year.

Japan's manufacturing activity close to expansion in April; services PMI rises to 11-month peak

Japan's manufacturing activity close to expansion in April; services PMI rises to 11-month peak. In Japan, data shows manufacturing activity neared stability in April, while services activity expanded the most in 11 months. Japan's Nikkei 225 rose 0.3% to 37,541 points on Tuesday.

Weekly Report: what happened at FXY last week (0415-0419)?

Asian markets mostly higher after China keeps lending rate unchanged

Asian markets mostly higher after China keeps lending rate unchanged in April. Japan's yen hovered 34-year lows around 154.7 per dollar. Indonesia's trade surplus increased to $4.47B in March 2024. U.S. Stock futures rose on Monday.

Dollar Dominance And The Ghosts Of 1997

Asian markets in red with a wave of risk-off sentiment

Jana's inflation ticks lower to 2.7%, meeting expectations

Asian equity markets rebound as investors shrug off another tech-led selloff on Wall Street

Asia markets mixed, mirroring global sentiment after Powell remarks

Japan’s trade balance swings to surplus in March as exports surges while imports decline

Asia markets in red tracking global stock selloff and despite strong GDP growth in China

Asia markets in red tracking global stock selloff and despite strong GDP growth in China. China's Q1 GDP expands 5.3% Y/Y, beats expectations. Retail sales rose more than expected in March, suggesting interest rates may stay steady. China reports air passenger numbers +37.7% in Q1 2024.

Weekly Report: what happened at FXY last week (0408-0412)?

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel over the weekend. Japanese machinery orders beat expectations for February. China's People's Bank of China kept its lending rate at 2.5%. All three major Asian markets ended in red on Friday.

Where We Stand

Asia markets mixed ahead of trade data in China and bank earnings

Japan's industrial output falls more than initially anticipated to 0.6% in February

Japan's industrial output falls more than initially anticipated to 0.6% in February 2024. Japan's Nikkei 225 rose 0.31% to close at 39,564 on Friday. Yearly, industrial output fell by 3.9% in the fourth straight month of contraction.

Dollar Consolidates But Adjustment Is Not Over

Higher than expected US CPI for the third consecutive month drove US interest rates sharply higher and lifted the greenback broadly. The market appears to be catching its breath today, but the shallow consolidation suggests the moves are not over. The dollar has reached nearly JPY153.30. Gold fell by about $18.75 an ounce yesterday, its largest loss in about a month.

The Bank of Japan's New Path Ahead

The Bank of Japan is set to normalise monetary policy when certain conditions are met. In March, the BoJ raised rates for the first time in 17 years. ING expects inflation to fall below 2% and a recovery in domestic demand growth to support growth in 2024. The market is pricing in a 25bp hike by the end of the year.