Asian stocks continue to rise amid strong corporate earnings and anticipation of important inflation data from the US, with trade negotiations between the US and China also in focus.
Asian Indicators and Corporate Reports
Asian shares edged higher on Monday as strong corporate earnings supported valuations in the technology sector. Japan’s Nikkei 225 index remained closed due to a holiday, but futures rose slightly, suggesting a test of record levels in the coming days.
US-China Trade Negotiations
A deadline for new US tariffs on Chinese goods will be expiring on Tuesday, with expectations that it will be extended. Attention this week is also directed at economic data such as the US consumer price index for July, which is expected to influence inflation outlooks.
Oil Prices and Key Leader Meetings
Oil prices fell amid expectations of talks between US and Russian leaders regarding a settlement in Ukraine. Brent crude has dropped to $66.07 a barrel. These discussions may impact the market and efforts to ease trade sanctions.
In conclusion, while reasonable expectations for corporate earnings and important economic data prevail, global financial markets are focused on key political and economic events.
