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Japan (NKY:IND) +1.21%.Japan’s GDP unexpectedly enters recession in the fourth quarter
Japan’s 10-year government bond yield fell to around 0.72%, retreating sharply from two-month highs as the country’s economy unexpectedly fell into recession for the first time in five years, undermining hopes of a change. in the monetary policy of the Bank of Japan.
Japan Data – December Industrial Production (final) +1.4% m/m (previous -0.9%)
Chinese markets closed (SHCOMP). Markets in major trading partner China are closed this week for the Spring Festival.
Traders were also eager to add new positions after Chinese authorities said the holiday season in the country this week could see a record 9 billion domestic passenger trips.
Hong Kong (HSI) +0.44%.
India (SENSEX) +0.04%. Total passenger car sales in India rose 13.9% from a year earlier to 339,441 units in January 2024, compared with a 3.2% increase in December 2023, according to data from automakers.
Australia (AS51) +0.77%. Australia January 2024 Unemployment rate 4.1% (expected 4.0%, previous 3.9%).
Consumer inflation expectations in Australia were at 4.5% in February 2024, remaining unchanged for the third consecutive month while remaining at the lowest level since January 2022, amid further evidence of easing cost pressures.
In the United States on Wednesday, all three major indexes ended higher following the previous session’s sharp sell-off, after robust earnings results in the United States eased concerns about lingering inflation in the country.
U.S. stock futures were little changed on Thursday after major averages staged a broad rebound in the previous session: Dow +0.13%; S&P500 +0.21%; Nasdaq +0.24%.
Traders also await U.S. retail sales data on Thursday and manufacturer inflation data on Friday, as well as remarks from at least seven Fed officials this week.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).