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In the US last Friday, the S & P 500 closed slightly at 2,904.98, while the Dow Jones Industrial Average gained 8.68 points to 26,154.67 and the Nasdaq Composite gained 0.1%. at 8,010.04.
Gains on Wall Street have been largely controlled following a Bloomberg report that US President Donald Trump still wanted to impose $ 200 billion tariffs on Chinese goods despite Washington's attempts to reopen trade negotiations with Beijing.
On Sunday, a source told CNBC that the new tariff cycle on Chinese goods was in preparation ahead of planned trade talks with Beijing, according to a previous report released Saturday by the Wall Street Journal, in which it was said that the House White tax rates at 10% instead of the previous 25%.
The paper then issued another report on Sunday citing Chinese officials saying Beijing may refuse to participate in proposed trade talks with the US if Washington continues to impose additional tariffs on Chinese imports.
The US dollar index, which follows the greenback against a basket of currencies, was at 94.947 at 8:17 pm HK / SIN, largely retaining its gains since last Friday.
"(The US dollar) will follow this week's trade talks and movements in the stock and equity markets," said Richard Grace, chief currency strategist and head of international economics at the Commonwealth Bank of Australia.
The Japanese yen remained slightly stronger against the dollar at 111.99 while the Australian dollar fell slightly to 0.7147 at 8.19 HK / SIN.
"This week, the AUD / USD will benefit from the minutes of the September meeting of the Reserve Bank of Australia," Grace said.
Here is an overview of upcoming economic data:
- Indonesia – Trade data for August at 12:00 HK / SIN
- Hong Kong – Monthly Container Flow Estimates for the Month of August
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