A foreign exchange dealer looks at a monitor in the dealing room of KEB Hana Bank in Seoul, South Korea, Monday, September 4, 2017.
Cho Sung Joon | Bloomberg | Getty Images
In Singapore, the central bank left policy unchanged on Monday in its first quarterly monetary policy decision of 2024, as expected. The Monetary Authority of Singapore has announced that it will maintain an exchange rate policy range known as the Singapore Dollar Nominal Effective Exchange Rate (S$NEER). .
The main events this week will be China’s factory activity data for January and Australia’s fourth quarter inflation data on Wednesday. This will be the last major set of data before the Reserve Bank of Australia’s meeting on February 5.
On Wednesday, Taiwan and Hong Kong will also release their fourth quarter GDP statistics.
In Australia, S&P/ASX 200 The stock rose 0.2% as traders returned from a long weekend.
Japanese Nikkei Stock Average The index rebounded from Friday’s decline to rise 0.94%, while the broader-based TOPIX rose 1.26%.
Korean Kospi rose 1.1%, while the small-cap Kosdaq fell 0.17%.
All three major indexes ended mixed in the US on Friday, with the S&P 500 and Nasdaq Composite down 0.07% and 0.36%, ending a six-day winning streak. The decline also marked a retreat for the S&P 500 from its all-time closing high.
The US core personal consumption expenditure price index rose 0.2% from the previous month in December, or 2.9% on an annual basis. Economists surveyed by Dow Jones had expected increases of 0.2% and 3%, respectively.
PCE Printing on Friday came a day after gross domestic product (GDP) data revealed stronger-than-expected economic growth in the fourth quarter, boosting investors’ hopes that the economy has avoided a deep recession. It was done.
The US Federal Reserve’s first interest rate decisions for 2024 are scheduled to be announced in the US on Wednesday.
— CNBC’s Pia Singh and Alex Harring contributed to this report.