11/04/2023
Today’s Announcements & News
Asia
As a result of some investors returning from a long Easter weekend, the majority of Asia-Pacific markets were higher on Monday.
The benchmark index in South Korea, the Kospi, led gains among the region’s benchmarks, rising 0.87 percent to 2,512.08. Additionally, the Kosdaq index gained 0.88 percent to close at 887.78.
The Nikkei 225 in Japan closed 0.42 percent higher at 27,663, and the Topix gained 0.56 percent to finish the day at 1,976.53.
The Shanghai Composite fell 0.37 percent to 3,315.36, while the Shenzhen Component fell 0.8 percent to 11,871.93 on the mainland.
Due to the four-day Easter holiday, the Australian and Hong Kong markets remained closed until Monday.
In addition to March trade data and India’s fiscal deficit figures, Indonesia’s retail sales for February will be made public.
United States
As investors looked ahead to important inflation data this week, the S&P 500 ticked slightly higher on Monday.
To 4,109.11, the broader index gained 0.1%. The Dow Jones Modern Normal
added 101.23 focuses, or 0.3%, to 33,586.52. In the meantime, the Nasdaq Composite closed at 12,084.36, down 0.03%.
Apple’s shares fell 1.6% and Alphabet’s, which is owned by Google, fell 1.83 percent, respectively, in tech stocks. After the company announced that it would reduce prices on some electric vehicles once more, shares of Tesla fell 0.3%. As a result of Samsung’s announcement that it would reduce production to support prices, chipmakers’ shares rose. The stock of Micron Technology rose by 8%.
Commodity
On Monday, gold fell below the crucial $2,000 level as traders positioned for inflation readings this week that could influence interest rate hikes and the dollar rose in response to Friday’s strong U.S. jobs numbers.
U.S. gold futures were down 1.1% at $1,989.10, while spot gold fell nearly 1% to $1,988.88 per ounce.
After a March jobs report that showed a still strong pace of hiring, U.S. Treasury yields increased. This likely gave the Federal Reserve room to raise rates once more.
The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.
