Asia-Pacific markets set to trade mixed as investors monitor recession fears

Asia-Pacific markets set to trade mixed as investors monitor recession fears


A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020.

Toru Hanai | Bloomberg via Getty Images

SINGAPORE — Shares in the Asia-Pacific are poised to trade mixed on Monday as investors assess inflation and recession fears.

The Nikkei futures contract in Chicago and its counterpart in Osaka were both at 26,830. That compared against the Nikkei 225’s last close at 26,491.97.

In Australia, SPI futures were at 6,573, slightly lower than the S&P/ASX 200’s last close at 6,578.7.

Russia defaulted on foreign-currency sovereign debt for the first time in more than 100 years, Bloomberg reported. The country’s central bank foreign reserves remain frozen.

In company news, Trip.com is set to report its first-quarter financial results on Monday in the U.S. after the market close.

Later this week, China and Japan will be reporting Purchasing Managers’ Index data, while Hong Kong will commemorate the 25th anniversary of its handover. China’s President Xi Jinping is expected to visit Hong Kong for the occasion, state media Xinhua reported over the weekend.

Stock picks and investing trends from CNBC Pro:

Currencies



Source

Stock market reclaims February record peak. How the fundamentals and technicals look now vs. then
World

Stock market reclaims February record peak. How the fundamentals and technicals look now vs. then

Just as they say you never step into the same river twice, the view from a given summit is never quite the same upon a second visit. The S & P 500 has fully scaled its way to its first record high in more than four months on Friday, recovering what was at the intraday […]

Read More
US DOJ settles antitrust case for HPE’s  billion takeover of Juniper
World

US DOJ settles antitrust case for HPE’s $14 billion takeover of Juniper

Hewlett Packard Enterprise headquarters in Spring, Texas, US, on Monday, May 29, 2023. Mark Felix | Bloomberg | Getty Images The U.S. Department of Justice has settled its lawsuit challenging server maker Hewlett Packard Enterprise‘s all-cash acquisition of Juniper Networks for $14 billion, according to court filings. The settlement requires the combined company to divest […]

Read More
Trump administration exploring  billion civilian nuclear deal for Iran
World

Trump administration exploring $30 billion civilian nuclear deal for Iran

U.S. President Donald Trump speaks to the media, after the U.S. Supreme Court dealt a blow to the power of federal judges by restricting their ability to grant broad legal relief in cases as the justices acted in a legal fight over President Donald Trump’s bid to limit birthright citizenship, in the Press Briefing Room […]

Read More