{"id":73231,"date":"2024-11-25T17:53:00","date_gmt":"2024-11-25T06:53:00","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73231"},"modified":"2025-11-10T20:52:52","modified_gmt":"2025-11-10T09:52:52","slug":"monday-25th-november-2024-asia-pacific-markets-gain-amid-key-economic-data-expectations","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-25th-november-2024-asia-pacific-markets-gain-amid-key-economic-data-expectations\/","title":{"rendered":"Monday 25th November 2024: Asia-Pacific Markets Gain Amid Key Economic Data Expectations"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.45%, Shanghai Composite down 0.2%, Hang Seng down 0.37% ASX up 0.58%<\/li>\n\n\n\n<li>Commodities : Gold at $2698.35 (-1.54%), Silver at $31.29 (-1.48%), Brent Oil at $74.24 (-0.6%), WTI Oil at $70.7 (-0.69%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.348, UK 10-year yield at 4.384, Germany 10-year yield at 2.252<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Flash Manufacturing PMI 48.8 vs 48.8 expected<\/li>\n\n\n\n<li>(USD) Flash Services PMI 57.0 vs 55.2 expected<\/li>\n\n\n\n<li>(CAD) Core Retail Sales m\/m 0.9% vs 0.3% expected<\/li>\n\n\n\n<li>(CAD) Retail Sales m\/m 0.4% vs 0.4% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets mostly rose on Monday as investors awaited key economic updates this week, including China\u2019s industrial data and India\u2019s Q3 GDP figures. Singapore will release October inflation data later in the day, with economists forecasting a drop to 1.8% from 2% in September, the lowest since March 2021. South Korea\u2019s central bank is set to announce its rate decision on Wednesday, alongside Australia\u2019s October inflation readings. Tokyo\u2019s November inflation numbers, considered a predictor for nationwide trends, are due on Friday.<\/p>\n\n\n\n<p>Australia&#8217;s S&amp;P\/ASX 200 rose 0.58%, hitting an all-time high of 8,458.9 during early trading. Japan&#8217;s Nikkei 225 advanced 1.44%, while the broader Topix gained 0.97%. South Korea\u2019s Kospi climbed 1.28%, and the smaller-cap Kosdaq saw a stronger increase of 2.9%. In contrast, Hong Kong\u2019s Hang Seng index declined 0.34%, and mainland China\u2019s CSI 300 slipped 0.53%, reflecting mixed sentiment in the region.<\/p>\n\n\n\n<p>In the U.S., the Dow Jones Industrial Average closed at a record high on Friday, capping a winning week for equities. The Dow rose 426.16 points, or 0.97%, to 44,296.51, marking its third consecutive positive session. The S&amp;P 500 added 0.35%, achieving its fifth straight day of gains, while the tech-heavy Nasdaq Composite edged up 0.16%.<\/p>\n\n\n\n<p>However, gains were tempered by declines in major tech stocks, with Nvidia dropping 3.2% and Alphabet falling 1.7%. Global markets remain closely focused on economic data this week to gauge inflation trends and policy directions.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:30 PM GMT &#8211; CAD Corporate Profits q\/q<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets mostly rose [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73231"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=73231"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73231\/revisions"}],"predecessor-version":[{"id":73237,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73231\/revisions\/73237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/79815"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=73231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}