Reply To: Traders Market Weekly: Consumers Along for The Ride

#74256
Truman
Participant

Back to today…

Equity indices in the Asia-Pacific region began the week on a mostly higher note.

Japan’s Nikkei: HOLIDAY,
Hong Kong’s Hang Seng: +0.6%,
China’s Shanghai Composite: +1.2%,
India’s Sensex: UNCH,
South Korea’s Kospi: HOLIDAY,
Australia’s ASX All Ordinaries: +0.7%.

Markets in Japan and South Korea were closed for holidays.

China’s April Caixin Services PMI 52.5, as expected (last 52.7)
China Securities Journal speculated that Chinese equities would continue climbing in May after reaching their best levels for the year in April.
Apple supplier Foxconn reported strong April sales.
India’s April Services PMI 60.8 (expected 61.7; last 61.2)
Hong Kong’s April Manufacturing PMI 50.6 (last 50.9)
Australia’s April ANZ Job Advertisements 2.8% m/m (last -1.0%) and April MI Inflation Gauge 0.1% m/m (last 0.1%)
South Korea Nine Korean banks are facing allegations of illegal short selling.

Automakers will be allowed to continue buying graphite from China until 2027 while maintaining their eligibility for tax credits.