Asian markets are set for a positive open after strong U.S. jobs data soothed recession and banking-sector fears.
and loan demand on Monday and Tuesday will be more closely watched than usual, in light of the cumulative effect of the Fed's rate hikes and recent stress in the regional banking system.
Asian market sentiment later in the week could be molded by a batch of Chinese economic indicators: trade, lending and money supply figures for April on Tuesday, and CPI inflation on Thursday. These reports will give investors a clearer insight into how well the region's largest economy is doing after abandoning its COVID-19 lockdown restrictions.were soft, and the economic surprises index - at a 17-year high a few weeks ago - has now declined 13 days in a row.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Earthquake recorded on Alabama-Georgia line Friday morning: U.S. Geological SurveyA small earthquake was recorded late Friday morning in Georgia near the border with northeast Alabama, according to the U.S. Geological Survey.
Read more »
Deer Park residents say loud rumbling kept them awake Friday night following Shell Chemical Plant fireA fire at the Shell Deer Park Chemical Plant caused a sleepless night for some residents in the area.
Read more »
I-10 partially reopened at New Mexico border after fiery crash outside of WillcoxUPDATE: A single westbound lane has been reopened on I-10 near the New Mexico border after a fiery crash Wednesday. It remains partially closed.
Read more »
Asian American Native Hawaiian Pacific Islander population by the numbers10% of U.S. employer firms are Asian American
Read more »