Japan +1.15%. Japan Q2 GDP 0.5% q/q (expected 0.7%). Preliminary estimates showed Japan’s annualized gross domestic product grew 2.2% in the April-to-June quarter compared with the previous quarter. That’s lower than the expected 2.5% increase based on forecasts in a Reuters poll.
China +0.06%. China’s jobless rate for 16 to 24 year olds at 19.9%, has hit its highest ever recorded.
China July Industrial Production 3.8% y/y (vs. expected 4.6%) and slightly lower than the 3.9% figure reported in June. Retail sales increased 2.7% in July compared with the same period in 2021, below the 5% growth forecast.
China July new house prices down 0.9% y/y (down 0.5% prior).
Hong Kong -0.14%.
Australia +0.57%
India Markets closed.
On Friday, major US indices are closing higher for the 4th consecutive week-its longest weekly winning streak since November 2021. The Dow industrial average rose 424.3 points or 1.27% to 33761.04; S&P rose 72.86 points or 1.73% to 4280.14; NASDAQ index rose 267.27 points or 2.09% to 13047.19.
India and South Korea markets are closed for a holiday Monday.
New Zealand services PMI for July 51.2 (prior 55.4).
Gold prices held steady near the key psychological level of $1,800 per ounce on Monday, supported by a pullback in the dollar and U.S. Treasury yields.
Spot gold was little changed at $1,800.09 per ounce, as of 0033 GMT, U.S. gold futures were flat at $1,815.10.
Spot silver eased 0.2% to $20.78 per ounce, platinum fell 0.3% to $959.69, and palladium was steady at $2,223.83.
U.S. futures lower. Dow Jones -0.22%; S&P 500 -0.26%; Nasdaq -0.29%.
