- The opening of the new month in Asian markets is going rather positively. Stocks in China are gaining the most in a month, which is related to good data indicating an economic recovery.
- The Shenzhen stock index is up over 2%, while the CSI 300 index is up 1.8%.
- The government manufacturing PMI index rose to 50.8, with an expectation of 50.1 and a previous level of 49.1 points.
- The Caixin PMI index for the manufacturing in China was 51.1 points for March, with an expectation of 51 and a previous level of 50.9.
- Despite good sentiment in China, we saw significant declines in Japan. The Nikkei 225 index lost as much as 1.5%, which was related to concerns about possible currency interventions.
- The USDJPY pair remains around the 151.3 level. There is speculation that the intervention level may be located above 152.
- According to a former BoJ member, the next interest rate hike will take place in October, even despite the record wage increase negotiated by trade unions.
- US index futures are experiencing clear gains after the close of trading last Friday. The US500 is up 0.44%, while the US100 is up 0.6%.
- After a very strong rise in gold prices above $2200 per ounce last Thursday, we have further increases today. Gold is rising to all-time highs at $2265 per ounce.
- Crude oil is also experiencing a strong opening, and WTI oil is trading at its highest level since October last year at $83.5 per barrel.
- Bitcoin started the day above $70,000, but is currently down 0.8%.
Three Markets to Watch Next Week: USDJPY, US500, OIL (01.05.2026)
Market Wrap – Data Confirms BoJ Intervention. Waiting for US ISM (05.01.2026)
Morning Wrap- Wall Street Records and Oil Stabilization (01.05.2026)
Daily summary: Wall Street gains, oil slides from the local high 📌
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