Japan +1.19%. Japan data – May Core Machinery Orders -5.6% m/m (expected -5.5%).
China -1.38%. China June CPI 0.0% m/m vs -0.1% expected.
Hong Kong -2.84%
Australia -0.96%.
India -0.54%.
New Zealand data – retail sales data indicator misses.
“Preview”: Reserve Bank of New Zealand expected to raise its official cash rate 50bps.
In the U.S. on Friday, U.S. nonfarm payrolls for June surprised to the upside, coming in at 372,000, according to the Bureau of Labor Statistics. That’s well above the Dow Jones estimate of 250,000. The unemployment rate was unchanged from May at 3.6%.
That jobs report helped to reduce recession fears somewhat, economists said.
Later this week, the U.S. will report inflation data, while China will release its GDP, industrial production and retail sales data. Earnings season also kicks off this week.
Oil prices were unsteady on Monday, with Brent trading higher on supply concerns while West Texas Intermediate (WTI) dipped, as traders balanced supply concerns against worries about a recession or China’s Covid-19 curbs hitting demand.
Brent crude futures were up 11 cents, or 0.1%, at $107.13 a barrel at 0102 GMT, adding to a 2.3% gain on Friday.
U.S. WTI crude futures however slipped 15 cents, or 0.1%, to $104.64 a barrel, paring a 2% gain from Friday.
Gold was flat on Monday, as a towering U.S. dollar put pressure on demand for greenback-priced bullion and pinned it near nine-month lows seen last week.
Spot gold held its ground at $1,742.08 per ounce at 0221 GMT. U.S. gold futures dipped 0.2% to $1,739.60.
Spot silver fell 0.4% to $19.23 per ounce, and platinum slipped 1.2% to $886.50.
Palladium dropped 3% to $2,116.89, after rising nearly 10% on Friday.
U.S. futures lower. Dow Jones -0.49%; S&P 500 -0.64%; Nasdaq -0.93%.