Japan +0.67%.BOJ’s Kuroda: CPI sustainable at 2%, accompanied by wage growth, not yet achieved; BOJ Kuroda says it will aim to achieve 2% inflation in a stable and sustainable manner.
Hong Kong -2.32%.
Australia -0.25% Australian data – Q4 2022 Retail sales -0.2% q/q (expected -0.6%).
Data for Australia – monthly headline inflation (from MI) +0.9% m/m, core also +0.9% m/m.
Friday on Wall Street, the main stock indices on Wall Street end the day in decline led by the NASDAQ index with a decline of about -1.6%. However, this comes after some pretty strong gains including yesterday’s 3.25% gain. The Dow Industrial Average fell -127.93 points or -0.38% to 33926.00; S&P index fell -43.26 points -1.03% to 4136.49; The NASDAQ index fell -193.85 points or -1.59% to 12006.96.
The US economy added 517,000 jobs in January, the Labor Department said on Friday. That number easily topped the Dow Jones consensus forecast of 187,000. Strong jobs report pressures the Fed to continue raising interest rates.
An earthquake of magnitude 7.7 hit Turkey.
Oil prices rose in early trading on Monday after falling about 8% to their lowest levels in more than three weeks last week as jitters over major economies outweighed signs of recovery in demand in China, the world’s biggest oil importer.
Brent crude oil Futures rose 16 cents, or 0.2%, to $80.10 a barrel at 00:22 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, also 0.2% higher, to $73.54 a barrel.
Gold prices recovered slightly on Monday, but a stronger dollar and concerns that the US central bank could continue to raise interest rates kept gold below the key level of $1,900 an ounce.
Spot gold was up 0.4% at $1,872.96 an ounce, as of 0257 GMT, after hitting its lowest level since Jan. 6 earlier in the session. US gold futures up 0.5% to $1,886.00.
Spot silver rose 0.2% to $22.39 an ounce, platinum was little changed at $973.88 and palladium added 0.2% to $1,626.38.
Futures in the US lower. Dow Jones -0.30%; S&P 500 -0.42%; Nasdaq -0.53%.