However, the region's biggest stock markets were outliers: Japan's Nikkei rebounded sharply from losses in the previous session as strong earnings lifted the steel sector, and mainland Chinese blue chips jumped, showing little interest in data that revealed an unexpected decline in imports last month and slowing exports.Įvery U.S. Crude oil and gold were basically treading water. CPI report, which will put to the test the market's view that the Fed is done hiking.Ī regional stock benchmark eased back from a more than two-week high, the dollar was firm and Treasury yields remained elevated, despite coming off a bit in Tokyo.
Overall, the market mood was cautious ahead of the week's trading highlight, Wednesday's U.S. A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland.Įuropean investors hoping to find some clues on market direction from Asia may be disappointed today.
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