Posted 12/6/2023, 11:51:15 PM
Asia-Pacific Markets Mixed as Oil Slumps and China Trade Data Awaited
- Asia-Pacific markets set for mixed open ahead of China and Australia trade data; oil prices at lowest since June
- China November trade data forecasts Exports to fall 1.1% y/y, imports up 3.3%, trade surplus to rise to $58B
- Australia's S&P/ASX 200 lost 0.14% in early trade
- U.S. crude fell 4% to lowest since June at $69.38/barrel; retail gasoline hits cheapest since January
- Atlanta Fed GDP tracker shows U.S. Q4 GDP growth estimate at 1.3%, fueled by real spending and exports adjustments