Many European markets including the UK and Germany, France, Italy, Spain will be closed for trading due to Easter Monday.
On the other hand, open markets have low risk appetite due to weak Chinese data and concerns about Fed policies. US futures indices fell into the week on the back of rising bond yields.
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The US 10-year Treasury yield climbed to 2.88 percent, its highest level since December 2018. The Japanese Nikkei 225 and the Chinese CSI 300 are down. The cautious mood supported the dollar and gold. The Bloomberg Dollar Index rose 0.32% to 1.215, its highest level in nearly two years. The ounce price of gold rose 0.30 percent to $1,984.
Growth data in China
In China, consumer spending fell sharply in March, when millions of people were confined to their homes due to the Kovid-19 quarantine measures, while unemployment has been around since the beginning of the pandemic.
reached the highest levels. Although the gross domestic product in the country was announced by 4.8 percent in the first quarter, above the expectation of 4.2 percent, economic activity indicators for March pointed to a notable slowdown.
Retail sales in March decreased by 3.5 percent compared to the same month of the previous year. This marked the first drop in retail sales since July 2020. Fixed investments, excluding rural areas, which increased by 12.2 percent in January-February, increased by 9.3 percent in the January-March period.
Industrial production, on the other hand, exceeded the expectations for an annual increase of 5 percent to 4 percent in March. The unemployment rate climbed to 5.8 percent in March, its highest level since May 2020.
“As the domestic and international environment becomes increasingly complex and uncertain, we must be aware that economic development faces significant challenges and challenges,” China's National Statistics Office said in a statement.
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