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Stock market: weak Asia awaits macro data, eyes on China - Breaking news

2024-02-26T07:42:44.467Z

Highlights: Weak start to the week for Asian stock markets, with the indices moving in no particular order. Investors are awaiting a series of macro data - such as GDP and the PCE deflator in the USA and inflation in the Eurozone. All eyes are also on China, whose PMI indices will be known on Friday. Weakness also on the energy front, with oil falling by 0.2%: WTI trades at 76.26 dollars a barrel while Brent drops to 81.48 dollars.


Weak start to the week for Asian stock markets, with the indices moving in no particular order while futures on Europe and Wall Street are falling slightly. (HANDLE)


Weak start to the week for Asian stock markets, with the indices moving in no particular order while futures on Europe and Wall Street are slightly declining.

Investors are awaiting a series of macro data - such as GDP and the PCE deflator in the USA and inflation in the Eurozone - which during the week will help to take the pulse of the world economy and imagine the trajectory of rates.


    Tokyo closed up by 0.35%, together with Shenzhen (+0.44%) and Sydney (+0.12%) while Hong Kong lost 0.6%, Shanghai 0.9% and Sydney 0 ,77%.

All eyes are also on China, whose PMI indices will be known on Friday, with investors waiting to see whether the Beijing government will implement new actions after President Xi Jinping asked government agencies to commit to strengthening the momentum of the economic recovery and He called for an acceleration in the replacement of consumer products such as cars and household appliances.


    Weakness also on the energy front, with oil falling by 0.2%: WTI trades at 76.26 dollars a barrel while Brent drops to 81.48 dollars.


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Source: ansa

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