Gold Silver Reports (GSR) – Stocks in Asia fluctuated — Chinese equity markets reopen after a holiday, though there seemed to be little reaction to President Donald Trump’s order for a review of additional tariffs that prompted an aggressive response from China. Hong Kong equities outperformed. The yen fluctuated ahead of remarks Monday by Bank of Japan Governor Haruhiko Kuroda at the start of his second term. While Friday’s selloff left U.S. stocks teetering on a key support level, futures on the S&P 500 Index climbed in early trading.
Trump said Beijing will relax its restrictions “because it’s the right thing to do,” and added that deals will be made on tax reciprocity and intellectual property. Attention now turns to China’s Boao Forum, where President Xi Jinping is among senior officials scheduled to speak.
The trade tensions overshadowed the latest U.S. jobs report released Friday, which showed hiring cooled by more than forecast in March.
Readd More: Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities
Elsewhere, oil pared losses as hedge funds cut bullish bets amid the escalating trade conflict between the U.S. and China. Gold steadied.
Here’s what is coming up this week:
📍 Bank of Japan Governor Haruhiko Kuroda speaks in Tokyo Monday at the start of his second term.
📍 President Xi Jinping gives a keynote address at Boao Forum Tuesday.
📍 Facebook’s Mark Zuckerberg testifies at two Congressional hearings Tuesday and Wednesday.
📍 U.S. CPI data and FOMC minutes due Wednesday.
📍 JPMorgan and Citigroup first-quarter earnings Friday.
These are the main moves in markets:
Stocks
📍 Japan’s Topix index fluctuated as of 10:38 a.m. in Tokyo.
📍 Australia’s S&P/ASX 200 Index was little changed.
📍 South Korea’s Kospi index gained 0.3 percent.
📍 Hong Kong’s Hang Seng Index rose 0.5 percent and the Shanghai Composite Index fluctuated.
📍 Futures on the S&P 500 gained 0.5 percent. The underlying gauge fell 2.2 percent Friday.
