Asia markets poised to rebound ahead of central bank decisions, U.S. and China inflation data this week
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Asia-Pacific markets are expected to rebound ahead of central bank decisions this week, including the Bank of Korea, the Reserve Bank of New Zealand, the Bank of Thailand, and the central bank of the Philippines. S&P Global expects all four banks to hold their rates steady. U.S. and China inflation numbers will also be in focus this week, with China releasing trade data for March on Friday. Futures for the S&P/ASX 200 and Nikkei 225 point to a stronger open. Hang Seng index futures also indicate a stronger open. In the U.S., all three major indexes regained ground after a stronger than expected jobs report, with the Dow Jones climbing 0.8%, the S&P 500 gaining 1.11%, and the Nasdaq Composite advancing 1.24%. The pan-European Stoxx 600 index is around 7.5% higher year-to-date and up over 15% over the last 12 months. Crude oil futures may have more room to rally as the commodity has formed a bullish chart pattern known as a 'golden cross.' The 50-day moving average for U.S. crude is slightly outpacing its 200-day moving average, and Brent's 50-day moving average is above its 200-day moving average. All sectors within the S&P 500 traded higher on Friday, with communication services and information technology leading the gains. The U.S. economy added 303,000 jobs in March, surpassing expectations.

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https://www.cnbc.com/2024/04/08/asia-markets-live-updates.html