The US markets are observing closure in honor of President's Day, while China's markets have resumed trading after the extended Lunar New Year break. Mainland stocks have shown gains, albeit with a slight slip in the yuan. The US dollar is displaying softness overall but within limited fluctuations.
Across the Asia Pacific region, stock markets have generally trended higher, with China leading the way. Meanwhile, Europe's Stoxx 600 index is maintaining stability without significant movements. Last week, it registered a 1.4% increase, marking its fourth consecutive weekly gain. US index futures are showing a slight uptick.
Gold hit its lowest point of the year last Wednesday around $1984 but is currently on a three-day rising streak.
April WTI crude oil settled near $78.45 before the weekend, marking its highest closing since early November and is currently consolidating within the range of $77.65-$78.35.

Asia Pacific
China's return to trading post-Lunar New Year has seen optimism regarding consumption recovery propelling mainland stocks upward. However, there's concern over Japan's Q4 2023 economic contraction, with both consumption and business investment declining for the third consecutive quarter.
The USDJPY pair is trading relatively quietly today, albeit with a slight downward bias.
The Australian dollar saw a minor gain last week, rising in four sessions, and ended the week on a firm note, though slightly below the 20-day moving average.

Europe 
The European Commission (EC) has revised down its growth forecast for the eurozone for this year and 2025. Inflation projections have also been adjusted, with a slight decrease anticipated for this year.
The euro is currently trading within a narrow range below $1.0790, while sterling faced resistance near $1.2630, marking a four-day high.

America
The US dollar saw support after retreating from its high of CAD1.3585 inspired by CPI data. It settled near CAD1.3485 before the weekend and has maintained a range below CAD1.3500 today.
Canada is set to report January CPI tomorrow, and with the US holiday today, market participants anticipate a consolidative session.