Asia-Pacific markets set for largely higher open ahead of key Japan data

Asia-Pacific markets are set to largely rise on the back of the S&P 500 hitting new highs as artificial intelligence firm Nvidia overtakes Microsoft as the most valuable public company.

Traders in Asia will focus on Japan's trade data for May, with economists polled by Reuters expecting a 13% rise in exports — higher than April's 8.3% gain.Shares of the chipmaker jumped 3.5% overnight on Wall Street and have surged 174% since the beginning of the year. The broad market index advanced 0.25% to close at 5,487.

Separately, investors will assess the Reuters Tankan index which showed business confidence among large Japanese manufacturers decreased to +6 from +9 in May. On the flip side, business confidence among non-manufacturers climbed to +31 from +26 in May. The Tankan measures business confidence among Japanese corporations, and a positive figure means optimists outnumber pessimists and vice versa.futures pointed to a stronger open for the market, with the futures contract in Chicago at 38,660 and its counterpart in Osaka at 38,580 compared to the previous close of 38,482.1.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia-Pacific markets mixed as traders await China and India inflation dataChina’s May inflation rate is expected to inch up to 0.4%, compared to April’s growth rate of 0.3%.
Source: NBCLA - 🏆 319. / 59 Read more »

Asia-Pacific markets set for a breather as traders await China and India inflation dataChina’s May inflation rate is expected to inch up to 0.4%, compared to April’s growth rate of 0.3%.
Source: NBCLA - 🏆 319. / 59 Read more »

Asia-Pacific markets set for a breather as traders await China and India inflation dataChina's May inflation rate is expected to inch up to 0.4%, compared to April's growth rate of 0.3%.
Source: CNBC - 🏆 12. / 72 Read more »

Asia-Pacific markets set for largely higher open ahead of key Japan dataTraders in Asia will focus on Japan’s trade data for May, with economists polled by Reuters expecting a 13% rise in exports — higher than April’s…
Source: NBCLA - 🏆 319. / 59 Read more »

Asia-Pacific markets trade lower ahead of Bank of Japan rate decisionWhile the Bank of Japan is expected to keep its benchmark interest rates unchanged, the bank is reportedly considering reducing its JGB holdings.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Asia-Pacific markets range bound ahead of Bank of Japan rate decisionWhile the Bank of Japan is expected to keep its benchmark interest rates unchanged, the bank is reportedly considering reducing its JGB holdings.
Source: NBCDFW - 🏆 288. / 63 Read more »