Japan +0.67%.BOJ’s Kuroda: CPI sustainable at 2%, accompanied by wage growth, has not yet been achieved; BOJ Kuroda says will seek to hit 2% inflation in a stable & sustainable manner.
Hong Kong -2.32%.
Australia -0.25% Australian data – Q4 2022 Retail sales -0.2% q/q (expected -0.6%).
Australia data – monthly headline inflation (from MI) +0.9% m/m, core also +0.9% m/m.
Friday on Wall Street, major stock indexes on Wall Street are ending lower on the day led by the NASDAQ index with a decline of about -1.6%. However, that comes after some pretty strong gains including a 3.25% gain yesterday. The Dow Industrial Average fell -127.93 points or -0.38% at 33926.00; S&P index fell -43.26 points -1.03% at 4136.49; NASDAQ index fell -193.85 points or -1.59% at 12006.96.
The U.S. economy added 517,000 jobs in January, the Labor Department said Friday. That number easily topped a Dow Jones consensus forecast of 187,000. Strong jobs report pressures Fed to follow through with interest rate hikes.
Magnitude 7.7 earthquake hits Turkey.
Oil prices inched up in early trade on Monday after falling around 8% last week to more than three-week lows as jitters over major economies outweighed signs of a demand recovery in China, the world’s top oil importer.
Brent crude futures crawled up 16 cents, or 0.2%, to $80.10 a barrel at 0022 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, also 0.2% higher, to $73.54 a barrel.U.S.
Gold prices regained some ground on Monday but a firmer dollar and concerns that the U.S. Federal Reserve might keep hiking interest rates kept bullion below the key $1,900-an-ounce level.
Spot gold was up 0.4% at $1,872.96 per ounce, as of 0257 GMT, after hitting its lowest level since Jan. 6 earlier in the session. U.S. gold futures rose 0.5% to $1,886.00.
Spot silver edged up 0.2% to $22.39 per ounce, platinum was little changed at $973.88 and palladium added 0.2% to $1,626.38.
US futures lower. Dow Jones -0.30%; S&P 500 -0.42%; Nasdaq -0.53%.
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