Investors await China’s latest benchmark lending rate
SINGAPORE — Shares in Australia rose in Monday morning trade, as investors in Asia-Pacific look ahead to the release of China’s latest benchmark lending rate.
Japan’s markets are closed Mondays due to a holiday.
According to a Reuters survey, China’s current one-year loan prime rates will be released at 9:00 a.m. HK/SIN Monday. There are little hopes for any changes.
Asia’s investors will watch out for changes in Hong Kong on Monday. The benchmark market in Hong Kong is also being monitored. Hang Seng index finishing more than 4% higher last weekFollowing a volatile week that saw big gains or losses, the market was volatile.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.281 — off levels above 98.5 seen recently.
The Japanese yenAfter its weakness last week against the greenback, it traded at 119.28 dollars. After its weakness last week against the greenback at levels below 118.2, it was traded at 119.28 dollars. Australian dollarAs compared to levels of $0.721 and $0.7406 last week, the price has changed by $0.7406.