China economy, Japan trade data, currencies

SINGAPORE — Stocks in Japan were set to trade higher at the open, as investors await the release of China’s GDP data.

Futures pointed to a higher open for Japanese stocks, The Nikkei futures contract in Chicago was at 23,585 while its counterpart in Osaka was at 23,530. That compared against the Nikkei 225’s last close at 23,410.63. Japan’s trade data for September is expected to be out at around 7:50 a.m. HK/SIN.

Meanwhile, shares in Australia edged higher in early trade, with the S&P/ASX 200 up about 0.7%.

Chinese economic data ahead

Investor focus on Monday will be on China’s GDP print for the third quarter, as well as industrial production and retail sales data for September.

“We expect the data dump will highlight China’s economic recovery is well underway,” strategists at Commonwealth Bank of Australia wrote in a note.

“Unlike many other economies, China’s economic recovery has been strong.  Infection rates have remained low and policymakers have been able to focus on rebooting the economy, rather than health outcomes.,” the strategists said.


The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 93.728 after touching levels around 93.9 in recent days.

The Japanese yen traded at 105.42 per dollar after seeing levels below 105.3 against the greenback last week. The Australian dollar changed hands at $0.7085 following its decline last week from levels above $0.715.

What’s on tap:

  • Japan: Trade data for September at 7:50 a.m. HK/SIN
  • China: Third quarter GDP, industrial production, retail sales and fixed asset investment data for September at 10:00 a.m. HK/SIN

Source link




Active shooter drills are meant to prepare students. But research finds ‘severe’ side effects. : Health

This is absolute insanity.It starts off all calm sounding ...The exercises range from drills in which students and teachers go through the motions...

Kevin McCarthy backs Supreme Court bid from Texas to overturn Biden wins

U.S. House Minority Leader Kevin McCarthy (R-CA) speaks during a news conference with other House Republicans at the U.S. Capitol in Washington, December...

Elon Musk should apologize for mocking gender pronouns, says HRC

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on...

Investors handicapping the new market year see similarities to 2010’s recovery and 1999’s risk binge

A Kia Motors Corp. sports utility vehicle (SUV) delivers the "2021" New Year's Eve numerals during a coast-to-coast tour in the Times Square...

EIB ups financing for Fiat Chrysler’s electric vehicles to $949 million

MILAN — The European Investment Bank (EIB) has increased to almost 800 million euros ($949 million) its funding to Fiat Chrysler Automobiles (FCA)...