Stock Groups

Asia-Pacific stocks rise ahead of major economic data this week


SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to major economic data releases later in the week.

Japan has the following: Nikkei 225As shares of the robot maker rose to 1.74%, morning trade reflected this FanucThe index grew by more than 3 percent. Topix Index traded at 1.47% more.

Hong Kong Hang Seng indexan increase of 0.94% In mainland China, it was 0.94%. Shanghai CompositeWhile the remained 0.2% lower, it edged up Shenzhen ComponentIt rose by 0.355%

The KospiSouth Korea’s growth was also 0.9%. Australia saw a 2.9% increase. S&P/ASX 200The margin was 0.9% lower

MSCI’s Asia-Pacific stock index outside Japan was 0.8% more.

CNBC Pro offers stock picks and investment trends

Later in the week, there will be several important data releases. China will announce the official manufacturing purchasing managers’ index for May. Investors look for clues about the economic effects of Covid lockdowns in the mainland.

In a Monday note, analysts from OCBC Treasury Research stated that the PMIs in China would show some improvement over April’s slump. However, they will remain in contraction territory.

U.S. employment data will be released Friday. Monday is a national holiday in America so markets are not open.

Currencies, oil

The U.S. dollar indexAfter a recent decline from levels of 102,, which compares the greenback to a basket made up of peers, was at 101.637.

The Japanese yenThe dollar traded at 127.09 dollars, which is stronger than the levels of 127.8 last week. The Australian dollarAfter a rise of $0.71 last week, the price was $0.7165.

The morning Asia trading hour saw oil prices rise, and international benchmarks were also higher. Brent crude futuresBarrel price: 0.19% to $119.66 U.S. crude futuresBarrel price increased by 0.44%, to $115.58