Equity flows in the Asia-Pacific region started the trading session with gains, led by the South Korean market while New Zealand’s consumer price index (CPI) was the focus at the beginning of the market opening by jumping 7.3% on an annual basis.
Kospi and South Korea’s Kosdaq exhibited a positive opening at 1.19%, with the MSCI Asia-Pacific broad index outside Japan reaching 0.32%.
It was reported that the Japanese equity market closed on Monday in conjunction with his country’s public holiday.
During the day’s Wall Street closing session, the Dow Jones Industrial index jumped 2.15% at 31,288.26, the S&P 500 was up 1.92% at 3,863.16 and the Nasdaq Composite hit 1.79% at 11,452.42.
Looking at the currency graph, the dollar index slipped from last week’s 109 level to be at 107.872 against a number of other currencies with the Japanese Yen trading at 138.31 and the Australian dollar at $ 0.6800.
As for commodities, oil futures declined with U.S. crude down 0.66% at $ 96.95 while Brent fell 0.58% at $ 100.57.
This Week's Focus
Earlier this morning, New Zealand inflation was seen soaring 7.3% in June from the same period last year, it was a 32 -year high and hinted at a 50 basis point increase by the Reserve Bank of New Zealand (RBNZ).
More on the Asian market, investors are awaiting the minutes of the Reserve Bank of Australia (RBA) meeting in addition to China’s 1 -year and 5 -year loan key rate decisions.
The European market continues to focus on the issue of Russian gas, which if Moscow refuses to channel the commodity then prices will soar in Europe.
In addition, uncertainty regarding the interest rate hike by the European central bank (ECB) and the reading of the company's profit report is also a hot topic among investors.
The focus must be on the reports of 38 companies that will affect the movement of Wall Street indices.
