SINGAPORE – Australian stocks have barely moved as Asia Pacific investors await the release of China’s December inflation data.
In morning trading, the S & P / ASX 200 fell slightly. Energy stocks rose, with Santos gaining 2.36% while Beach Energy gaining 1.83%.
The markets in Japan are closed on Mondays for public holidays.
China’s December inflation data is expected to be released around 9:30 a.m. HK / SIN on Monday.
Coronavirus developments are likely to continue to be monitored by investors and could weigh on sentiment. In the US, an average of almost 3,000 people die from Covid-19 every day.
In Asia, a surge in coronavirus infections has led the Japanese government to place several areas of the country – including Tokyo – in a state of emergency.
Currencies
The US dollar index, which tracks the greenback versus a basket of its peers, hit 90.205 after a recent surge from below 89.4.
The Japanese yen was trading at 103.98 per dollar after weakening below 103 against the greenback last week. The Australian dollar was trading at $ 0.7741 after trading above $ 0.78 last week.
What’s happening?
- China: December inflation data at 9:30 AM HK / SIN
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