{"id":114317,"title":"What happened overnight – Monday 13th May 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-05-13T06:21:47+00:00","modified":"2024-05-13T06:21:47+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-monday-13th-may-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-monday-13th-may-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-monday-13th-may-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asian","Dow Jones Industrial Average","Hang Seng","Hong kong","Nasdaq Composite index","S&P 500","South Korea","Stock Markets","Taiwan","Tokyo","US stocks","US Treasury bonds","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/04/WORLD-750x406-1-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asian stocks reached a 15-month peak this week, amid anticipation of inflation data that could accelerate or delay potential rate reductions in the US.\n\nIn addition, data on Chinese economic activities will provide insights into whether the ongoing recovery in the world’s second-largest economy is likely to persist.\n\nBeijing recently announced an encouraging increase in annual inflation to 0.3% in April, alleviating concerns about a potential extended period of deflation. Predictions suggest that retail sales and industrial production in April, set to be released on Friday, will show continued improvement.\n\nThe Chinese government plans to issue 1 trillion yuan (£110 billion) in longer-term bonds to finance domestic stimulus measures.\n\nThis positive outlook has driven Chinese blue chip stocks to a seven-month high, although the index saw a slight decrease of 0.1% overnight due to pressure from sectors anticipating the imminent announcement of new US tariffs on Chinese products.\n\nThe MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 0.1% after three consecutive weeks of gains.\n\nJapan’s Nikkei index fell by 0.3%, burdened by speculation that further depreciation of the yen might prompt the Bank of Japan to increase interest rates in the coming months."}