A week driven by macro events gives way to local factors this week. Asia Pacific markets could turn to regional data and events to drive markets this week. Negative leads from US shares and a short term rally in safe haven assets may see trading start on a cautious note today.

With central bank agendas re-affirmed and the first of this year’s European elections producing a market friendlier result positive investor sentiment lifted continental shares. However, slightly weaker than forecast US industrial data took the edge off market enthusiasm. Shares fell, and gold and bonds rallied, possibly reflecting some concern at elevated stock price levels.

Topical house price and skilled vacancies data, and the release of RBA minutes, may see an inward looking approach from Australian investors this week. A number of sales and earnings releases will shed light on important sectors. Telco TPG, retailer Premier investments, Sigma Pharmaceuticals and investor and manufacturer Brickworks will all contribute to the corporate outlook.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information.