Tokyo CPI, China industrial profit
A train loaded with coal prepares to leave a coal mine owned by China Energy Investment Corporation in Ejin Horo Banner, Ordos city, China’s Inner Mongolia Autonomous Region on January 14, 2023.
Wang Zheng | Visual China Group | Getty Images
Asia-Pacific markets were set to open higher on Friday as some markets return from the Boxing Day holiday and investors await economic data from the region.
of Australia S&P/ASX 200 It rose 0.49% as trading recovered after the Christmas and Boxing Day holidays.
Japan’s Nikkei 225 futures signaled a stronger open for the market, with the Chicago futures contract at 39,745 and its Osaka counterpart at 39,700, compared with the previous close of 39,568.06.
Investors are evaluated November inflation figures from Tokyo, the capital of JapanHeadline inflation saw it hit 3%, compared to 2.6% in October. Core inflation, which excludes fresh food costs, rose to 2.4%, missing Reuters expectations for a 2.5% increase. Tokyo’s inflation figures are considered a leading indicator of nationwide trends.
of Japan Unemployment rate for November It came in at 2.5%, in line with Reuters estimates and unchanged from October.
Traders await China’s industrial profit figures for November.
Overnight stay in USA, the Dow Jones Industrial Average erased earlier losses and squeezed a small gain in weak trading on Thursday after back-to-back strong gains at the start of the market’s holiday week.
The blue-chip Dow ended the day up 28.77 points, or 0.07%, at 43,325.80 after losing nearly 182 points earlier in the session. The S&P 500 It fell 2.45 points or 0.04% to 6,037.59. The Nasdaq Composite also ended the day lower by less than 0.1% to 20,020.36.
-CNBC’s Yun Lee contributed to this report.
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