Traders looking out for inflation numbers while chinese markets continue to rally

US markets closed higher last week. $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ dipped before edging higher, ending the week off marginally higher by 0.15% and 0.03% respectively. The initial dip was due to geopolitical tension in the Middle East earlier in the week. However, the week ended off higher due to outperforming average hourly earnings, nonfarm payrolls and unemployment rate. Traders should keep an eye out for CPI, PPI and initial jobless claims data this week.

Asian markets ended the week mixed. $HSI Futures(DEC4) (HSImain.HK)$ climbed the most by 9.34%, with traders maintaining their risk-on sentiment following China's stimulus measures proposals. $SMIC (00981.HK)$ saw the biggest gain, pushing higher by 47.63% last week. Traders should stay cautious of the bull run that might be too fast and far. $Nikkei 225 (.N225.JP)$ dropped initially before pushing higher in the later part of the week, ending the week lower by 3.24%. Its push nearing the end of the week came after the weakening of the JPY against USD after stronger than expected US jobs report. $FTSE Singapore Straits Time Index (.STI.SG)$ edged marginally higher by 0.44%. $Seatrium Ltd (5E2.SG)$ climbed the most by 15.03%. Traders should look out for foreign reserves data later.

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