Investing.com - Asian shares traded mixed early Monday, with
Japan and Australia starting the week near the break-even mark.
Japan's Nikkei 225 was up less than 0.1% and Australia's
S&P/ASX 200 lost 0.3%.
Elsewhere in Asia, South Korea's KOSPI added 0.4% as the market
extended gains from last week after the government announcement of
a stimulus package.
The region was also taking pause after a number of markets
reached their highest levels in years. Last week, Hong Kong and
Australian stocks hit multiyear highs and Japan ended the week at
its highest level in six months. In particular, upbeat economic
data from China has supported gains in stocks.
In Japan, Isuzu Motors, Ltd. (TOKYO:7202) jumped 3.3% after a
Nikkei report that the firm's group operating profit likely
amounted to ¥38 billion for the April to June period, compared with
consensus expectations for ¥32 billion.
Markets in many parts of Southeast Asia are closed to mark the
Additionally, there no major releases scheduled in the region's
major economies such as Japan and China, pointing to the likelihood
of a very
quiet day ahead.
Last week, the Dow 30 fell 0.72%, the S&P 500 index rose
0.48%, while the NASDAQ Composite index fell 0.50%.
The Pentagon said earlier that Russia may be set to provide more
sophisticated weapons to Ukrainian separatists, which spooked
Israel, meanwhile, rejected calls for a ceasefire and continued
its ground offensive in Gaza, with reports that Israel's defense
ministry may widen the campaign rattling nerves even further,
offsetting otherwise positive economic indicators.
The Census Bureau reported earlier that U.S. durable goods
orders rose 0.7% in June, beating expectations for a 0.5% gain,
after declining of 1% in May, whose figure was revised from a
previously estimated 0.9% contraction.
Core durable goods orders, which are stripped of transportation
items, grew 0.8% in June, beating expectations for a 0.6% gain,
after a 0.1% downtick in May, whose figure was revised from a
previously estimated flat reading.
In the week ahead, investors will be focusing on Wednesday's
revised reading on U.S. second quarter growth, while Friday's
nonfarm payrolls report will also be in focus.
Wednesday's Fed statement will also be closely watched for any
indications that the central bank is moving closer to raising
On Monday, the U.S. is to release data on pending home
offers an extensive set of professional tools for the financial
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