TECHNICAL ANALYSIS REPORT – 08 AUGUST 2022
CPI DATA WILL RIDE THE MARKET THIS WEEK & IS SET TO RELEASE ON WED Asia-Pacific share markets were subdued on Monday. The Shanghai Composite is up 0.14% at 3,231.46. Overall, the Singapore MSCI is flat at 305.50. Over in Hong Kong, the Hang Seng Index is down 0.51% at 19,909.00. In Japan, the Nikkei 225 is up 0.25% at 28,240.00, while the Topix index is up 0.21% at 1951.00. South Korea’s Kospi is down 0.01% at 2,490.65. Australia S&P/ASX 200 up 0.13% at 7024.90. Top News of the Day: U.S. stock futures were trading lower during Sunday’s evening deals, with major benchmark averages coming off a positive week as stronger than expected earnings results continue to roll in. Ahead in the week, market participants will turn focus toward fresh CPI data set for release on Wednesday, which is expected to slow amid falling gasoline prices. Headline CPI is expected to dip to 8.7% in July from a 40-year high of 9.1% in the previous month. Market Summary as per 05/08/2022: European e...