Today's News Update - 9th April 2024 Asia Asia-Pacific markets were mostly positive as investors awaited central bank decisions and key economic data. The Bank of Korea, Reserve Bank of New Zealand, Bank of Thailand, and the central bank of the Philippines are holding monetary policy meetings this week. S&P Global expects rates to remain steady, with focus on potential rate changes from the Bank of Korea. Later, attention will shift to U.S. and China inflation figures, along with China's trade data for March. Japan's Nikkei 225 rose 0.91% to surpass 39,000, while South Korea's Kospi gained 0.13%. Australia's S&P/ASX 200 edged up 0.16%. Hong Kong's Hang Seng index was stable, while mainland China's CSI 300 declined 0.88% post-public holiday. US Stocks remained steady on Monday as investors hesitated to make significant moves before crucial U.S. inflation data, leading to marginal gains in major indices. The Dow Jones Industrial Average edged slightly higher, while the S&P 500 and Nasdaq Composite saw modest increases of 0.03% and 0.1%, respectively. Tesla shares surged 5% following CEO Elon Musk's announcement about the upcoming unveiling of the company's robotaxi in early August. However, overall market enthusiasm was tempered by rising Treasury yields, with the benchmark 10-year Treasury yield rising by 5 basis points to 4.43%. Commodity U.S. crude oil futures dipped on Monday following Israel's reduced troop presence in Gaza. West Texas Intermediate for May delivery dropped by 0.55% to settle at $86.43 a barrel, while the June Brent contract fell by 0.87% to settle at $90.38 a barrel. Meanwhile, gold prices continued their record-breaking streak for a seventh consecutive session, supported partly by Asian central bank purchases. U.S. gold futures rose by 0.5% to $2,358.0, and spot gold increased by 0.4% to $2,339.19 per ounce after reaching a record high of $2,353.79 earlier in the session. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex