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Asia-Pacific markets fall after weak China GDP data

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Equity investors become poorer by Rs 7.93 lakh crore in three days

Inflation back on the rise, housing prices rising again

India-UK to hold further talks on free trade agreement this week

Asia-Pacific markets fall after weak China GDP data

Nikada

Japan markets closed.

China -1.06%. China’s GDP grew decrease than anticipated to six.3% within the second quarter

China’s industrial output development of 4.4% beats estimates; retail gross sales up 3.1%

Folks’s Financial institution of China set MLF price at unchanged 2.65%, as anticipated.

New dwelling costs unchanged in June, weakest outcome this yr

Hong Kong markets closed. Hong Kong markets will doubtless be closed all Monday on account of a warning issued for Hurricane Talim.

Australia -0.06%.

India +0.25%.

Singapore’s non-oil home exports in June had been+5.4% m/m (+5.9% anticipated).

New Zealand knowledge: June providers PMI 50.1 (prior 53.3).

Within the U.S. on Friday, all three main indexes ended blended. The broader S&P and Nasdaq indexes snapped 4-day profitable streaks, whereas the Dow industrial common prolonged its streak to five days. The tech-heavy Nasdaq Composite closed 0.18% decrease at 14,113.70 factors, whereas the benchmark S&P 500 slipped 0.10% to settle at 4,505.68 factors. The blue-chip Dow eked out features of 0.34% to complete at 34,510.61 factors.

Traders now await extra US knowledge and company earnings experiences from main US companies this week for extra clues on the financial system.

Oil costs dipped for a second session on Monday after Libya resumed output and China knowledge was eyed. Brent crude futures fell 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT, whereas U.S. West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%.

Gold eased towards $1,950 an oz. on Monday, retreating from one-month highs as traders continued to evaluate the outlook for US Federal Reserve financial coverage.

Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).

U.S. inventory futures slipped on Monday: Dow -0.14%; S&P 500 -0.08%; Nasdaq -0.04%.

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