Asia markets set to rise as China factory activity assessed; Japan business sentiment on deck

📆 31/3/2024 21:21:00
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China released its official PMI figures over the weekend, while Japan is set to release its Tankan survey, which gauges business sentiment in the country.

Asia-Pacific markets are set to rise Monday as investors assess China's business activity for February and await economic data out of Japan.

Economists polled by Reuters expected a reading of 49.9, which still represented a contraction in the sector.Separately, Japan will release its Tankan survey for the first quarter on Monday. The survey gauges business sentiment, which the Bank of Japan monitors when formulating monetary policy.is set for a stronger open, with the futures contract in Chicago at 40,705 and its counterpart in Osaka at 40,550 against the index's last close of 40,369.44.

Instead, Hannah Gooch-Peters, global equity investment analyst at Sanlam Investments, believes there are other stocks with a 60% operating profit margin, like Nvidia's, that are more sustainable as investment opportunities.

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