Category: Forex News

Hang Seng Index, Nikkei 225, ASX 200: Earnings, Interventions, and Consumer Sentiment

The US equity markets were in a cautious mood before the US inflation numbers on Good Friday. On Monday, the Nasdaq Composite Index and S&P 500 declined by 0.27% and 0.31%, respectively. The Dow fell by 0.41%.

While the US market session will set the tone, the Asian economic calendar also needs consideration.

Come to my page!

Consumer confidence numbers from Australia could influence retail-linked and interest rate-sensitive ASX 200-listed stocks.

An improving consumer confidence environment could fuel household spending and demand-driven inflation. In March, the RBA continued to consider uncertainty about the outlook for household spending. A boost in consumer confidence could bring an RBA rate hike back to the table.

Economists forecast the Westpac Consumer Confidence Index to decline by 1.6% to 84.6.

Beyond the numbers, investors must also consider earnings, intervention and BoJ chatter from Japan, and stimulus commentary from Beijing. Big names on the earnings calendar include PetroChina (0857), China Telecom (0728), Kerry Logistics Network (0636), and Cosco Shipping HK (0517).

Come to my page!

On Tuesday, the ASX 200 futures down up 29 points, while the Nikkei futures were up by 40 points.

ASX 200

Source link

Discover more from BIPNs

Subscribe to get the latest posts to your email.

Written by : Editorial team of BIPNs

Main team of content of Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.

Discover more from BIPNs

Subscribe to get the latest posts to your email.