Nikada
Japan (NKY:IND) -0.08%. Bank of Japan keeps negative interest rate unchanged, trims 2024 inflation forecasts. Ueda said the likelihood of achieving the 2% inflation target is gradually rising and that financial conditions will likely remain very accommodative even if the BOJ ends negative rates.
China (SHCOMP) +0.53%. Premier Li Qiang chaired a cabinet meeting on Monday where officials indicated they would take more forceful and effective measures to stabilize market confidence. China was mulling a package of measures worth CNY 2 trillion to support the country’s equity markets.
Hong Kong (HSI) +2.72%.The annual inflation rate in Hong Kong fell to 2.4% in December 2023 from 2.6% in the previous month and compared to market forecasts of 2.5%.
India (SENSEX) -0.74%.
Australia (AS51) +0.51%. Australian December business confidence rises to -1, from -8 in November.
Weekly survey of Australian Consumer Confidence 84.4 (prior also 84.4).
In the U.S. on Monday, all three major indexes ended higher as Wall Street kept a momentum that took it to a new high last week, ahead of key data this week.
U.S. stock futures were flat on Tuesday after the market hit new record highs at the start of the week: Dow flat; S&P 500 +0.06%; Nasdaq +0.15%.
In the US, fourth quarter GDP data and the Fed-preferred PCE inflation numbers will be released this week, ahead of the Federal Reserve’s policy meeting next week.
Markets also look ahead to the European Central Bank’s policy decision this week, where it is expected to push back on interest rate cut bets for this year.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).