Muslim worshipers break their fast and eat on the last Friday of Ramadan, also known as Jumat-ul-Vida, at Jama Masjid Masjid in Old Town, New Delhi, India.
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Asia-Pacific markets were set to extend Monday’s gains despite losses on Wall Street. Dow Jones Industrial Average Ending eight-game winning streak.
Asian investors will assess India’s inflation data. Data released on Monday showed that the consumer price index rose 4.83% year-on-year, almost in line with the 4.8% expected by economists polled by Reuters.
India’s wholesale inflation data and Japan’s corporate inflation data will be released later in the day.
Japan’s Nikkei 225 Index The Chicago futures contract was at 38,220 points, the Osaka futures contract was at 38,190 points, and the index’s last closing price was 37,438.61 points.
Futures are S&P/ASX 200 Index It opened higher at 7,776 compared to the index’s last close of 7,750.
Hong Kong’s Hang Seng Index is expected to extend Monday’s gains, with futures at 19,209 points, while the index last closed at 19,115.06 points. The Hang Seng Index closed above the 19,000-point mark on Monday for the first time since August 2023.
Overnight in the United States, traders braced for rising inflation expectations ahead of key reports later in the week.
A survey from the New York Federal Reserve Bank showed consumers raised their expectations for rising prices last month. On a one-year basis, inflation expectations rose to 3.3%. Their five-year inflation forecast rose to 2.8%.
The 30 stocks in the Dow Jones Industrial Average fell 0.21%, while S&P 500 Index It fell slightly by 0.02%.this Nasdaq Index An increase of 0.29%.
meme stocks stocks game station Shares soared 74% after “Roaring Kitty,” the nickname for the Reddit trader behind the 2021 short squeeze, was posted online for the first time in three years.
—CNBC’s Brian Evans and Lisa Kailai Han contributed to this report.
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