Japan -0.92%. Japan January Machinery Orders +9.5% m/m (expected +1.8%).
Japan February Exports +6.5% y/y (expected +7.1%) & Imports +8.3% y/y (expected +12.2%).
China -0.62%. China’s electricity consumption +11% y/y in February.
China February new home prices +0.3% m/m (prior flat at 0%) & -1.2% y/y.
Hong Kong -1.52%.
Australia -1.46%. Australia Feb Employment change +64.6K (+48.5K expected) & Jobless rate 3.5% (3.6%).
Australian March Consumer Inflation expectations 5.0% (prior 5.1%).
India +0.33%.
Overnight in the U.S., major US stock indices experienced a rebound after trading sharply lower intraday. While both the S&P and Dow Industrial Average still closed lower for the day, the final numbers show that things could have been worse. The Dow Industrial Average fell by -279.18 points or -0.87% to close at 31875.62. The S&P index closed down by -27.27 points or -0.70% at 3892.00. The NASDAQ index rose 5.91 points or 0.05% at 11434.06.
U.S. Retail sales dipped in February, slightly more than expected.
Shares of Credit Suisse plunged to a new all-time low Wednesday for the second consecutive day after its top investor ruled out further assistance. Credit Suisse group takes steps to improve liquidity.
ECB the main event on the agenda today.
New Zealand GDP for Q4 2022 (sa) -0.6% q/q (expected -0.2%).
Oil prices rose in early Asian trade on Thursday, clawing back some ground from more than one-year lows hit in the previous session as markets calmed somewhat after Credit Suisse was thrown a financial lifeline by Swiss regulators.
Brent crude futures rose 85 cents, or 1.2%, to $74.54 per barrel by 0107 GMT. West Texas Intermediate crude futures (WTI) rose 74 cents, or 1.1%, to $68.35 a barrel.
Both benchmarks rose by more than $1 earlier in Thursday’s session.
Gold retreated on Thursday from a safe-haven-driven rally, which sent prices to their highest since early-February, as traders sought more clarity on the financial sector after Credit Suisse became the latest focal point for fears of a banking crisis.
Spot gold was down 0.3% at $1,912.48 per ounce, as of 0328 GMT, after rising more than 1% on Wednesday. U.S. gold futures shed 0.8% to $1,915.10.
Spot silver slipped 0.4% to $21.71 per ounce, platinum was 0.3% lower at $959.52, while palladium gained 1.3% at $1,465.91.
US futures higher. Dow Jones +0.25%; S&P 500 +0.35%; Nasdaq +0.36%.
