Asian stock markets have risen after Wall Street’s strong week as investors look ahead to data releases from China, Japan and the Eurozone.
Asian stock markets rose Monday following Wall Street’s strong week as traders looked ahead to data releases from China, Japan and the Eurozone.
KEEPING SCORE: The Shanghai Composite Index gained 0.3 percent to 3,402.92 and Seoul’s Kospi advanced 0.6 percent to 2,511.40. Sydney’s S&P-ASX 200 rose 0.1 percent to 6,130.40 and India’s Sensex added 0.6 percent to 34,369.09. Hong Kong’s Hang Seng lost 0.1 percent to 30,786.77 while Japanese markets were closed for a holiday. Benchmarks in Taiwan and most of Southeast Asia rose while New Zealand and Manila declined.
WALL STREET: Stocks rose for a fourth day, led by tech companies after a solid monthly jobs report. U.S. markets are on their longest new-year winning streak in eight years. The Standard & Poor’s 500 index gained 0.7 percent to 2,743.15. The Dow Jones industrial average added 0.9 percent to 25,295.87. The Nasdaq composite rose 0.8 percent to 7,136.56.
WEEK AHEAD: India reports trade on Wednesday, with forecasters expecting solid gains, while China reports a flurry of data including inflation and bank loan growth. The Eurozone reports factory output growth on Thursday. On Friday, China is due to release December trade, with forecasters expecting a double-digit increase following a weak 2017, while the United States reports monthly inflation.
ENERGY: Benchmark U.S. crude gained 10 cents to $61.54 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 57 cents on Friday to close at $67.62. Brent crude, used to price international oils, advanced 8 cents to $67.70 in London. It lost 45 cents the previous session to $67.62.
CURRENCY: The dollar gained to 113.13 yen from Friday’s 113.07 yen. The euro held steady at $1.2032.
