Categories: Economic News

China economic data, Japan GDP, earnings, politics

SINGAPORE – Asia-Pacific futures pointed to a mixed open on Monday ahead of economic data from Japan and China.

SPI futures in Australia were at 6,973, lower than the S&P/ASX 200’s last close of 7,032.5.

The Nikkei futures contract in Chicago was at 28,755 while its counterpart in Osaka was at 28,750. This compares with the Nikkei 225’s last close of 28,546.98.

Japan to release preliminary gross domestic product data ahead of market opening. Analysts polled by Reuters expect growth of 2.5% in the April-June quarter compared with the previous quarter.

In the first three months of 2022, Japan’s GDP shrank by 0.5%.

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Investors are also awaiting economic data from China, including industrial production and retail sales.

China’s industrial output is likely to have grown 4.6 percent in July from a year ago, according to a Reuters poll. This figure stood at 3.9% in June.

Retail sales likely rose 5% in July compared to the same period in 2021, compared with a 4% increase in June.


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