Global Markets:
- Asian Stock Markets : Nikkei up 1.92%, Shanghai Composite up 0.50%, Hang Seng up 2.17% ASX up 0.50%
- Commodities : Gold at $2036.5 (0.41%), Silver at $23.23 (0.59%), Brent Oil at $77.22 (0.60%), WTI Oil at $71.87 (0.65%)
- Rates : US 10-year yield at 4.021, UK 10-year yield at 3.852, Germany 10-year yield at 2.229
News & Data:
- (USD) Final Wholesale Inventories m/m -0.2% vs -0.2% expected
- (USD) Crude Oil Inventories 1.3M vs -0.2M expected
Markets Update:
Japan led the surge in Asian markets, extending its record-breaking rally ahead of U.S. December inflation data. The Nikkei 225 in Japan rose by 1.92%, surpassing the 35,000 mark for the first time since February 1990. South Korea’s Kospi edged up 0.17%, and the Kosdaq saw a 0.47% rise, holding onto gains after the Bank of Korea maintained its main lending rate at 3.50% for the eighth consecutive time.
In Hong Kong, the Hang Seng index opened 0.46% higher, and China’s CSI 300 index increased by 0.1%. Australia’s S&P/ASX 200 rebounded, closing at 7,506 with a 0.5% gain. In the U.S., all major indexes gained ground as traders awaited fresh U.S. inflation data and earnings. The S&P 500 rose by 0.57%, the Dow Jones Industrial Average added 0.45%, and the Nasdaq Composite advanced 0.75%, settling at 14,969.65.
Investors are keenly anticipating the U.S. consumer price index report on Thursday, with economists expecting a 3.2% year-over-year increase in December. Additionally, the producer price index reading is scheduled for release on Friday. The global markets remain dynamic, responding to economic indicators and central bank decisions as the financial landscape continues to evolve.
Upcoming Events:
- 1:30 PM GMT – USD Core CPI m/m
- 1:30 PM GMT – USD CPI m/m
- 1:30 PM GMT – USD CPI y/y
- 1:30 PM GMT – USD Unemployment Claims
- 3:30 PM GMT – USD Natural Gas Storage
