Asian markets will take in the impact of Iran’s drone strikes on Israel over the weekend, especially in oil and gold trading
Asia-Pacific markets were set to fall Monday as traders weighed the impact of Iran's drone attack on Israel over the weekend, with focus also on key economic data from China and Japan later in the week.The U.S. intervened to directly help Israel shoot down nearly all of the incoming munitions, Biden said in a statement Saturday.
India will release its wholesale inflation figures for March later in the day, while China will announce its first quarter GDP numbers on Tuesday. Japan will release its March trade data and inflation numbers on Wednesday and Friday, respectively.was set to fall, with the futures contract in Chicago at 39,195 and its counterpart in Osaka at 38,850 against the index's last close of 39,523.55.U.S.
The West Texas Intermediate contract for May lost 34 cents to $85.32 a barrel as trading began Sunday evening. June Brent futures eased slightly to $90.18 a barrel. U.S. crude closed at $85.66 a barrel Friday, while the global benchmark settled at $90.45. WTI futures began the year around $71 a barrel.As of Sunday evening, Bitcoin was trading near $65,000. It managed to rebound partially from its losses on Saturday, when it fell below $62,000 from around $70,000.
The Israeli government said it identified 300 types of drones and missiles, and managed to intercept"99%" of those bound for Israeli territory, per an Israel Defense Forces spokesperson.
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