On Tuesday morning (11 June, 9:31 AM, GMT+7, Bangkok time), indices in Asia Pacific traded mixed as investors focused and looked forward to the US Federal Reserve’s interest rate decision and May inflation report on Wednesday, with markets pricing in one rate cut this year.
Japan’s NIKKEI grew by 0.26% to 39,139.32. South Korea’s KOSPI increased by 0.4% to 2,712.01, while Australia’s ASX 200 slumped by 1.42% to 7,748.6.
As for stocks in China, Shanghai’s SSEC dropped by 1.07% to 3,018.6. Hong Kong’s HSI declined by 1.8% to 18,035.62, and Shenzhen’s SZI contracted by 0.8% to 9,181.81.
Meanwhile, the US stock markets edged up on Monday as the Dow Jones Industrial Average (DJIA) climbed by 0.18% to 38,868.04. NASDAQ rose by 0.35% to 17,192.53, and S&P 500 surged by 0.26% to 5,360.79. VIX jumped by 4.26% to 12.74.
As for commodities, oil prices settled higher on Monday as analysts foresaw demand rising in the summer, causing the market to potentially encounter a supply deficit. Traders also kept their eyes on the Fed’s rate decision, US inflation data, and oil market reports from OPEC and the IEA coming on Tuesday and Wednesday. Brent futures rose $2.01 or 2.52% to $81.63 a barrel, and the West Texas Intermediate (WTI) gained $2.21 or 2.93% to $77.74.
This morning, Brent futures lost 12 cents or 0.15% to $81.51 a barrel, and the WTI slid 7 cents or 0.09% to $77.67 per barrel.
Meanwhile, gold futures decreased by 0.37% to $2,318.5 per Troy ounce.
