Nikada
Japan markets closed.
China -1.06%. China’s GDP grew lower than expected to 6.3% in the second quarter
China’s industrial output growth of 4.4% beats estimates; retail sales up 3.1%
People’s Bank of China set MLF rate at unchanged 2.65%, as expected.
New home prices unchanged in June, weakest result this year
Hong Kong markets closed. Hong Kong markets will likely be closed all Monday due to a warning issued for Typhoon Talim.
Australia -0.06%.
India +0.25%.
Singapore’s non-oil domestic exports in June were+5.4% m/m (+5.9% expected).
New Zealand data: June services PMI 50.1 (prior 53.3).
In the U.S. on Friday, all three major indexes ended mixed. The broader S&P and Nasdaq indexes snapped 4-day winning streaks, while the Dow industrial average extended its streak to 5 days. The tech-heavy Nasdaq Composite closed 0.18% lower at 14,113.70 points, while the benchmark S&P 500 slipped 0.10% to settle at 4,505.68 points. The blue-chip Dow eked out gains of 0.34% to finish at 34,510.61 points.
Investors now await more US data and corporate earnings reports from major US firms this week for more clues on the economy.
Oil prices dipped for a second session on Monday after Libya resumed output and China data was eyed. Brent crude futures fell 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT, while U.S. West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%.
Gold eased toward $1,950 an ounce on Monday, retreating from one-month highs as investors continued to assess the outlook for US Federal Reserve monetary policy.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
U.S. stock futures slipped on Monday: Dow -0.14%; S&P 500 -0.08%; Nasdaq -0.04%.
