- US stocks closed mostly lower with the declines led by the Nasdaq again amid underperformance in telecommunications and tech heading into Nvidia's earnings, while the energy sector was among the worst hit as oil prices fell and risk appetite was also sapped by disappointing US Consumer Confidence data which fell to beneath the most pessimistic of analysts' expectations.
- USD was pressured following weak US Consumer Confidence data which printed below analysts' forecasts range and was in fitting with the theme seen from UoM on Friday of consumer confidence turning dim. There were several Fed speakers although provided little to shift, while the PCE data on Friday remains a key focus for markets.
- Looking ahead, highlights include Australian Monthly CPI & Construction Work Done, Japanese Leading Index & BoJ Core CPI, Singapore Industrial Production, Supply from Australia, Indian Holiday Closure.
