This Thursday morning (14 Sep), Asia Pacific major indices were mixed after the US inflation indicator or CPI of August announced at 3.7% YoY, which was hotter than the expected 3.6% and the previous month 3.2%.
Japan’s NIKKEI is leading with 1% gain over 33,000 despite the published minus 13% core machinery orders and $850 billion net capital outflow. Taiwan’s TWII is rising by 1% over 16,700. South Korea’s KOSPI is also gaining by 0.8% to 2,550. On the other hand, Shenzhen’s SZI is dropping by 0.7% under 10,190. New Zealand’s NZX 50 is also dropping by 0.4% to 11,300, while other major indices are having lesser losses and gains.
Meanwhile, US Futures have been rising since last night despite the hotter inflation. S&P 500 is rising almost 4,530, while NASDAQ is moving back to 15,600 again after some big tech stock gain by 1% to 2% last night. The US Dollar (DXY) has been weakening dropping down below 104.3, strengthening other currencies. However, commodities like WTI crude oil still hang around $88.8 and Brent also at $92 per barrel. The natural gas price is back at $2.7 per 10,000 MMBTU again since last month, while gold is slightly dropping to $1,930 per Troy ounce.
