Japan +0.56%. Japan December inflation data: Core-core hits 3% y/y. The nationwide core consumer price index rose 4% in December on an annualized basis, the fastest pace since 1981.
China +0.70%. The People’s Bank of China left the loan prime rates for 1-year and 5-year unchanged, widely in line with expectations.
Hong Kong +1.50%.
Australia +0.23%.
India +0.04%.
Overnight on Wall Street, major stock indexes fell as investors grew increasingly concerned the Federal Reserve will keep raising rates despite signs of slowing inflation. The Dow Jones Industrial Average lost 252.40 points, or 0.76%, to 33,044.56, posting its third down day in a row and giving up its gains from the new year’s rally. Meanwhile, the S&P 500 fell 0.76% to 3,898.85, and the Nasdaq Composite shed 0.96% to end the session at 10,852.27.
Data from South Korea for December shows its PPI is rising at its slowest since April 2021.
New Zealand data – BusinessNZ Manufacturing PMI for December 47.2 (prior 47.4).
U.S. futures higher. Dow Jones +0.14%; S&P 500 +0.25%; Nasdaq +0.43%.
