{"id":68390,"date":"2024-12-02T17:01:29","date_gmt":"2024-12-02T06:01:29","guid":{"rendered":"https:\/\/www.icmarkets-vnh.com\/blog\/?p=68390"},"modified":"2025-11-11T17:47:10","modified_gmt":"2025-11-11T06:47:10","slug":"monday-2nd-december-2024-asia-pacific-markets-rise-as-economic-data-unfolds","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/monday-2nd-december-2024-asia-pacific-markets-rise-as-economic-data-unfolds\/","title":{"rendered":"Monday 2nd December 2024: Asia-Pacific Markets Rise as Economic Data Unfolds"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.08%, Shanghai Composite up 1.24%, Hang Seng up 0.5% ASX up 0.14%<\/li>\n\n\n\n<li>Commodities : Gold at $2647.35 (-1.24%), Silver at $30.19 (-1.68%), Brent Oil at $72.4 (0.6%), WTI Oil at $68.27 (0.69%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.224, UK 10-year yield at 4.244, Germany 10-year yield at 2.087<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(CAD) GDP m\/m 0.1% vs 0.3% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets opened slightly higher on Monday, marking the start of a data-heavy week with investors closely monitoring economic reports from Japan, South Korea, and China. Over the weekend, China\u2019s official manufacturing PMI for November rose to 50.3, its highest since April, exceeding the 50.2 forecast by Reuters. This marked an improvement from October\u2019s 50.1. Meanwhile, non-manufacturing PMI slipped to 50.0, and composite PMI remained steady at 50.8, signaling marginal expansion.<\/p>\n\n\n\n<p>S&amp;P Global\u2019s manufacturing PMI data for Asia, including China\u2019s Caixin survey, will be released later on Monday. In Australia, October\u2019s retail sales saw a robust 3.4% year-on-year increase, the fastest since May 2023. Indonesia is set to reveal its November inflation figures by the end of the day.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi traded near flat, while the Kosdaq inched up 0.13%. Preliminary trade data showed South Korea\u2019s exports grew just 1.4% year-on-year in November, missing the 2.8% forecast and slowing sharply from October\u2019s 4.6% rise. Japan\u2019s Nikkei 225 rose slightly, and the Topix climbed 0.68%. In China, the CSI 300 edged up 0.26%, while Hong Kong\u2019s Hang Seng gained 0.21%, bolstered by accelerated growth in China\u2019s new home prices.<\/p>\n\n\n\n<p>In the U.S., the Dow Jones, S&amp;P 500, and Nasdaq hit new peaks on Friday, capping their best month of 2024. Chip stocks surged after reports of softer-than-expected U.S. export restrictions on semiconductor equipment, with Nvidia and Lam Research gaining over 2% and 3%, respectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>02:30 PM GMT &#8211; CAD Manufacturing PMI<\/li>\n\n\n\n<li>03:00 PM GMT &#8211; USD Final Manufacturing PMI<\/li>\n\n\n\n<li>03:00 PM GMT &#8211; USD ISM Manufacturing PMI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets opened slightly [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196],"tags":[],"class_list":["post-68390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=68390"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68390\/revisions"}],"predecessor-version":[{"id":68391,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68390\/revisions\/68391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=68390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=68390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=68390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}