Japan +0.07%. Japan Data – Tokyo Inflation for January 2023 Total 4.4% y/y (previously 4.0%).
Chinese market closed.
Hong Kong +0.30%.
Australia +0.34%. Australian Q4 PPI +0.7% q/q (vs 1.7% expected) +5.8% y/y (6.3 expected).
Australian Q4 export prices -0.9% q/q (previously -3.6%) & import prices +1.8% (previously 3.0%).
Tonight on Wall Street, the major stock indexes rallied after the US economy grew more than expected. Stocks also rose as investors digested the latest batch of corporate earnings, with tech growth led by Tesla. The Dow Jones Industrial Average rose 205.57 points, or 0.61%, to 33,949.41, the S&P 500 gained 44.21 points, or 1.10%, to 4,060.43 and the Nasdaq Composite added 199.06 points, or 1.76%, to 11,512.41.
New Zealand Business Confidence in January -52.0 (previously -70.2) Activity -15.8 (previously -25.6).
South Korea’s Q4 GDP shrank by -0.4% q/q (vs. -0.3% expected), even worse than expected.
Private residential property prices in Singapore increased by 0.4% in the last quarter of 2022, according to a statement from the Urban Renewal Authority. House prices rose 8.6% in all of 2022, the statement said, also less than the 10.6% gain seen in all of 2021.
Oil prices advanced for a second session on Friday, boosted by stronger-than-expected U.S. economic growth and hopes of a quick recovery in Chinese demand as Covid-19 cases and deaths fell from last month’s peaks.
Brent oil futures It was up 30 cents, or 0.34%, at $87.77 a barrel by 03:21 GMT, while U.S. crude was up 34 cents at $81.35 a barrel, up 0.42%.
Gold prices were little changed on Friday as traders awaited US inflation data, due later in the day, to gauge the Federal Reserve’s stance on further interest rate hikes.
Spot gold was unchanged at $1,927.99 an ounce as of 0234 GMT, while gold futures in the U.S. they were down 0.1% at $1,928.30.
Spot silver it fell 0.2% to $23.86 an ounce.
Platinum lost 0.4% to $1,013.88, and palladium it also fell 0.4% to $1,670.87.
Futures in the US lower. Dow Jones -0.12%; S&P 500 -0.32%; Nasdaq -0.62%.