Reported 4 months ago
Following a strong rally in U.S. stock markets, especially driven by tech giant Nvidia, and a decline in volatility and bond yields, Asian markets are anticipated to open positively. Despite recent soft U.S. economic data and global political volatility, the market sentiment has improved. Key events for Thursday include economic data releases in Asian countries, such as unemployment data from the Philippines, trade and housing market figures from Australia, inflation data from Taiwan, and most notably, Chinese trade data for May. China's trade data is closely awaited to show signs of activity improvement after months of disappointment, with exports expected to rise by 6.0% year-on-year and import growth to slow down to 4.2%.
Source: YAHOO