Asian Markets on Chinese Data, European Stocks Rise in Pre-Market on Economic Optimism

Asian Markets on Chinese Data, European Stocks Rise in Pre-Market on Economic Optimism
Asian Markets Fall on Chinese Inflation Data, European Stocks Rise in Pre-Market on Economic Optimism

Stock markets in the Asia-Pacific region saw lower trading on Monday, influenced by new data from China. The latest figures showed a 0.3% rise in April year-on-year, sending Chinese stocks lower.

The fell 0.9%, while the Shenzhen Composite fell 0.69%. On the other hand, Hong Kong’s Hang Seng index bucked the trend, climbing 0.42% at the same time.

Elsewhere in the region, South Korea’s Kospi fell 0.41%, Japan’s 0.32% and ’s S&P/ASX 200 edged down 0.18%.

These moves reflect investors’ caution as they digest the implications of China’s inflation dynamics on regional economies.

Stability of foreign exchange markets

Foreign exchange markets saw little change, with the dollar remaining steady against the Japanese yen, trading at ¥155.8290 as of 7:18 a.m. CET. This stability indicates a holding trend as traders await new economic signals.

European stocks improve as major economic reports approach

In , stock markets rose in pre-market sessions, driven by anticipation of several key economic reports due on Tuesday.

Investors are paying particular attention to upcoming data regarding inflation rates in Germany, the unemployment rate in the Kingdom and the economic climate in the Eurozone.

Specifically, the German rose by 0.09%, the British rose by the same margin, the French rose by 0.15% and the Eurostoxx 50 recorded a gain of 0.14%.

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The modest gains reflect cautiously optimistic outlooks from investors who are hoping for positive news that could signal a lasting economic recovery in the region.

Monetary stability continues in Europe

The euro and British pound remained stable against the US dollar, selling at $1.07728 and $1.25279 respectively at 7:58 a.m. CET.

This stability in foreign exchange markets underlines the wait-and-see approach taken by investors as they prepare for a potentially news-rich Tuesday.

Overall, global financial markets are showing a mixed pattern of cautious decline in Asia on inflationary concerns, coupled with modest gains in Europe driven by hopeful anticipation of favorable economic data.

This article appeared first on Invezz.com

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