On March 31, 2024, an employee worked on a smart machinery assembly line in a workshop in Qingzhou, Weifang City, Shandong Province, China.
VCG | Visual China Group | Getty Images
U.S. inflation data again exceeded expectations on Friday, with traders looking forward to this week’s Federal Reserve meeting, and Asia-Pacific markets opened mixed.
Core personal consumption expenditures, excluding food and energy, rose 2.8% year-over-year in March, above Dow Jones’ forecast of 2.7%. Personal spending rose 0.8%, higher than expectations for 0.7%.
In Asia, China’s official purchasing managers’ index for April will be released on Tuesday ahead of the Labor Day holiday on Wednesday, while Japanese industrial production and retail sales data for March will also be released.
Australian futures S&P/ASX 200 Index The opening price was higher at 7,620 points compared to the last closing price of 7,575.9.
In comparison, Hong Kong’s Hang Seng Index futures were quoted at 17,621 points, opening weaker than the Hang Seng Index’s closing point of 17,651.15 points.
Japanese markets are closed for a public holiday.
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