India GDP, BOK decision, Singapore CPI
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022.
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Asia-Pacific markets were set to mostly climb Monday, with investors awaiting Korean central bank’s rate decision and India’ third-quarter GDP numbers this week.
Singapore later in the day will release its inflation figures for October. Economists polled by Reuters expect the headline inflation rate of 1.8%, down from the 2% in the previous month.
Other economic data this week include October inflation readings from Australia, due Wednesday, and November inflation numbers from Japan’s capital city of Tokyo on Friday.
Tokyo’s inflation figures are widely considered a leading indicator of nationwide trends.
Australia’s S&P/ASX 200 rose 0.61%, hitting a new all-time high of 8,458.9 early in the trading session.
Japan’s Nikkei 225 is also set to rise, with the futures contract in Chicago at 38,750 and its counterpart in Osaka at 38,730 against the index’s last close of 38,283.85.
In contrast, futures for Hong Kong’s Hang Seng index stood at 19,204, pointing to a weaker open compared to the HSI’s close of 19,229.97.
On Friday in the U.S., the Dow Jones Industrial Average closed at a new high, capping off a winning week for stocks.
The blue-chip Dow gained 426.16 points, or 0.97%, to 44,296.51, a new all-time closing high and its third straight positive session.
The S&P 500 added 0.35% to finish its fifth winning day in a row, while the tech-heavy Nasdaq Composite rose 0.16%.
Gains were restricted by slides of 3.2% and 1.7% in Nvidia and Alphabet, respectively.
— CNBC’s Alex Harring and Jesse Pound contributed to this report.
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