Japan +0.23%. Japan trade data (Aug): Exports +22.1% y/y (expected +23.6%) Imports +49.9% y/y (+46.7%). Japan posts record trade deficit as energy imports surge.
Japanese business sentiment dropped (services especially) in September (Reuters Tankan). The September Manufacturing index dropped to +10 from +13 in August (August was a 7 month high); the non-manufacturing index plunged to +10 (a five month low) from +19; the manufacturing index is seen at +10 in December, non-manufacturing seen at +14.
China -1.12%. The People’s Bank of China kept the rate for one-year medium-term lending facility loans unchanged at 2.75%, while partially rolling over some maturing loans.
Hong Kong +0.42%.
Australia +0.27%. Australian Jobs added +33.5K (expected +35K) & Unemployment rate 3.5% (expected 3.4%).
Australian inflation expectations are falling. September 5.4% vs. July 5.9%.
Overnight in the U.S., major US stock indices recovered into the close and ended the day higher but was a up and down trading session. The gains come after sharp declines yesterday that saw the Dow, S&P, and NASDAQ at its worst trading day since June 2020. Dow industrial average rose 30.12 points or 0.10% at 31135.08. The S&P 500 rose 13.34 points or 0.34% at 3946.02 and the NASDAQ index rose 86.11 points or 0.74% at 11719.69.
New Zealand Q2 GDP +1.7% q/q (expected +1.0%).
NZ’s ASB expect the Reserve Bank of New Zealand to raise the cash rate to a terminal 4.25%.
The Bank of England policy meeting today has been rescheduled to next week.
Oil prices edged higher on Thursday as the market balanced weak demand with supply disruption amid a looming rail stoppage in the United States, the world’s biggest crude consumer.
Gold prices slipped to a two-week low on Thursday, as a stronger U.S. dollar and expectations of big interest rate hikes from the Federal Reserve diminished the metal’s appeal.
U.S. futures higher. Dow Jones +0.01%; S&P 500 +0.03%; Nasdaq +0.02%.
Image and article originally from seekingalpha.com. Read the original article here.