The move was supported by solid economic indicators, with weekly jobless claims falling to a five-week low and the Philadelphia Fed manufacturing index rising to its highest level in five months. December’s trade deficit widened and pending home sales declined in January, presenting a more uneven domestic picture. 

In Japan, the 10-year government bond yield eased toward 2.1%, touching a six-week low as inflation moderated. Headline CPI slowed to 1.5% from 2.1%, marking the lowest level since March 2022, while core inflation aligned with the Bank of Japan’s 2% target at its softest pace in two years.

Gold traded near $5,000 per ounce, preserving gains from the prior two sessions. 

Check out how the markets started the week!