The MSCI Asia Pacific index has slipped 0.2 per cent in early Monday trading. It rose 1.7 per cent last week - its biggest weekly gain since early April - and closed at 147.60, its highest since June 2008, FastFT reports.
Key benchmarks:
Japan’s Nikkei 225: -0.1 per cent
Hong Kong’s Hang Seng Index: -0.2 per cent
Sydney’s S&P/ASX 200: -0.2 per cent
Shanghai Composite: -0.1 per cent
Key events to look forward to this week include the start of the US earnings season, Japanese trade figures on Tuesday, China inflation data on Wednesday and Australia’s monthly jobs report on Thursday.
But Monday’s calendar is void of any market moving data.
Among currencies, the US dollar index, which measures the dollar against a basket of rivals, rose 0.1 per cent. It’s now climbed half a per cent since Thursday’s solid June labour report, which showed 288,000 jobs were created last month.
US dollar strength knocked the Aussie dollar from an eight-month high of $0.95 last week. On Monday it fell another 0.1 per cent to $0.936.
The Japanese yen was 0.1 per cent weaker on Monday, at 102.2 per dollar.
