Nikada
Japan -0.05%. Japan data: August retail sales +7% y/y (+6.6% expected), industrial output beats also.
The core consumer price index for the Ku-area of Tokyo in Japan rose 2.5% year-on-year in September 2023, slowing for the third consecutive month and coming in below forecasts of 2.6%.
Japan’s jobless rate unexpectedly unchanged at 2.7% in August
Japan’s 10-year government bond yield hovered ten-year highs above 0.75% even after the Bank of Japan intervened in the market to bring down yields.
Japan September consumer confidence index 35.2 vs 36.2 prior.
Construction orders in Japan dropped by 4.3 percent year-on-year in August 2023.
Japan’s housing starts dropped by 9.4 percent year-on-year in August 2023, the most in 4 months.
China market closed.
Hong Kong +2.91%.
India +0.71%.
Australia +0.34%. Australian August Private Sector Credit +0.4% m/m (expected +0.3%).
Producer prices in the Philippines rose by 0.5% yoy in August 2023, after a downwardly revised figure of almost flat in the prior month.
The Domestic Supply Price Index in Singapore dropped 3.7% year-on-year in August 2023, slowing from an upwardly revised 9% fall in the previous month.
Investors also look ahead to the Reserve Bank of Australia’s monetary policy meeting next week, where it is expected to hold interest rates steady for the fourth straight month.
Singapore bank loans edged down to SGD 786.3 billion in August 2023 from SGD 786.5 billion in the previous month.
ANZ Roy Morgan Consumer Confidence Index in New Zealand lifted to 86.4 points in September 2023 from 85 in August.
Markets in South Korea and mainland China are closed for their respective holidays.
In the U.S. on Thursday, all three major indexes ended higher as investors digested a slew of US economic data while Treasury yields fell from multi-year highs. The tech-heavy Nasdaq Composite added 0.83% to close at 13,201.28 points. The benchmark S&P 500 gained 0.59% to settle at 4,299.72 points, while the blue-chip Dow rose 0.35% to finish at 33,666.14 points.
Coming up in the session: Inflation remains the focus on the agenda in Europe today; European Central Bank President Christine Lagarde speaking Friday at 7:40 GMT; and China’s official September PMIs are due over the weekend.
Oil prices fell in early trade on Friday as Russia, Saudi Arabia expected to boost supply.
Brent November futures which expire on Friday were down 21 cents to $95.17 per barrel. Brent December futures lost 10 cents to trade at $93.00 per barrel at 0055 GMT. U.S. West Texas Intermediate crude (WTI) fell 8 cents to $91.63 per barrel.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
U.S. stock futures held steady on Friday, with the major averages set to book sharp monthly losses ahead of the last trading day of September: Dow +0.27%; S&P 500 +0.23%; Nasdaq +0.34%.
ETFs: (JEQ), (EWJ), (DXJ), (FXY), (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB).
