Asian Equities Higher on U.S. Lead

Asian markets saw marginal gains on the first trading day of the week, tracking an inspiring lead from the U.S. on Friday.

China’s trade data for March is on tap at 0900 SIN/HK. Annual export growth is seen falling to 12 percent from February’s 48 percent surge, according to a Reuters poll, while import growth is seen to have slid 11.7 percent on-year last month, compared with February’s 20.5 percent contraction.

On Friday, U.S. stocks finished higher, with the blue-chip Dow breaching 18,000 for the first time this month, as investors looked ahead to the official start of earnings season. While some companies like Alcoa have already reported quarterly earnings, the earnings season will get into full swing with reports from Dow components like JPMorgan Chase and Intel.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.