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Asian stock markets fell on Monday, with investors ready to meet many of the world's largest corporate earnings figures while paying attention to the U.S. debt yield trend, which is getting closer to the market turbulence in the past.
Traders also pay close attention to the upcoming global April manufacturing survey data to determine whether the first quarter weakness is only a brief phenomenon associated with the weather and the Lunar New Year holiday.
Japan's 4 menstrual seasonally adjusted Markit/ Nikkei Manufacturing Purchasing Managers' index (PMI) rose to 53.3, due to increased output and domestic demand. This indicates that the PMI data is temporarily better.
In geopolitical terms, President Trump made cautious remarks on Sunday, saying that the North Korean nuclear crisis is still a long way from settling. North Korea has promised to end its nuclear test and call for hope ahead of the planned summit with South Korea and the United States.
Oil prices fell slightly in early trading today, but not far from the highest level since the end of 2014. Trump criticized the OPEC for artificially pushing up global oil prices, which dragged oil markets down on Friday, but the market soon stabilized.
Brent crude futures fell 0.09 US dollars to 73.97 US dollars per barrel and US crude oil futures fell 0.19 US dollars to 68.21 US dollars.
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