Japan +0.72%. Japan’s wholesale prices rose in April y/y, but the pace slowed for the 4th straight month.
Japan April PPI +0.2% m/m (expected 0%).
China +0.66%.
Hong Kong +1.85%.
Australia +0.09% National Australia Bank forecast further RBA rate hike(s), doesn’t rule out to 4.35%.
India +0.60%.
On Friday, major US stock indices are ending the day lower. The Dow Industrial Average is closing down (only 0.03% but still lower) for the 5th consecutive day. In the month of May, the Dow was only up one day (last Friday). The final numbers showed, Dow industrial average of -8.9 points or -0.03% at 33300.63, S&P -6.56 points or -0.16% at 4124.07, NASDAQ index -43.77 points or -0.36% at 12284.73.
The economic data showed a more-than-expected drop in the University of Michigan’s gauge of consumer sentiment for May. Moreover, five-year implied inflation expectations rose to 3.20%, its highest reading in over a decade.
New Zealand April Services PMI 49.8 (prior 53.8).
South Korea trade deficit narrowed for a fourth straight month to a revised figure of $2.65 billion in April, a Monday release showed, slightly higher than the preliminary figure of $2.62 billion released earlier this month.
Thailand’s gross domestic product for the first quarter grew 2.7% year-on-year, beating expectations of a 2.3% rise.
China to release a slew of economic data on Tuesday: Industrial production, retail sales, fixed asset investment growth as well as unemployment rate.
Oil prices slipped on Monday as concerns about fuel demand in top global oil consumers United States and China offset bullish sentiment about tightening supplies from any OPEC+ cuts and a resumption in U.S. buying for reserves.
Brent crude futures fell 62 cents, or 0.84%, to $73.55 a barrel by 0348 GMT while U.S. West Texas Intermediate crude was at $69.48 a barrel, down 56 cents, or 0.8%.
US futures mostly higher. Dow Jones +0.16%; S&P 500 +0.22%; Nasdaq +0.14%.
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