Eastern markets contrasted on the day of US inflation
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The Tokyo Stock Exchange starts trading with a minus sign, after the mixed closing of the US stock market, awaiting inflation data in America and the prospects for interest rates. At the opening, the Nikkei reference index fell by 0.88%, to 38,478.86, and a loss of 341 points. On the currency front, the yen is stable against the dollar at 146.60, and against the euro at 160.30.
The Hong Kong Stock Exchange extends its gains from the day before with a positive opening awaiting the release of US inflation data: the Hang Seng index initially rises by 0.69%, to 16,701.95 points. The Chinese stock markets open the session mixed: the Shanghai Composite index loses 0.08%, to 3,066.11 points, while that of Shenzhen rises by 0.22%, to 1,760.
The appointments
Today the focus is on inflation.
In Germany, Destatis reports the change in consumer prices in February. In January, the German cost of living was at +0.2% on a monthly basis and at +2.9% in the US in February.
The most awaited data, however, is that on American inflation, which influences the Federal Reserve’s decision on interest rates. In January, US prices rose at a rate of 0.3% on a monthly basis and 3.1% on an annual basis.
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