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☆ European markets head for mixed open after hitting nine-week high
▼ + stars: | 2023-11-24 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

The Stoxx 600 index has seen muted moves this week, though has nudged higher to reach its highest level since Sept. 20. European stocks are heading for a mixed open Friday as investors remain cautious. Final German gross domestic product figures for the third quarter on Friday confirmed an earlier reading of 0.1% month-on-month contraction. U.S. markets will reopen after the Thanksgiving holiday for a shortened trading day. Asia-Pacific markets traded mixed, with Japanese data boosting the Nikkei 225 index, while Hong Kong's Hang Seng index plunged 1.77%.

Persons: Christine Lagarde, Hong Organizations: European Central Bank, Nikkei Locations: U.S, Asia, Pacific

☆ CNBC Daily Open: Back to square one?
▼ + stars: | 2023-11-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. There's also a board reshuffle, with Bret Taylor, former co-CEO of Salesforce and Larry Summers, former U.S. Treasury secretary, joining. Separately, OpenAI researchers reportedly warned the board of an AI breakthrough ahead of Altman's ouster.

Persons: Treasurys, Australia's, Sam Altman, There's, Bret Taylor, Larry Summers, Nansen, hasn't, Changpeng Zhao, Morgan Stanley Organizations: New York Stock Exchange, CNBC, Nikkei, U.S, Treasury, Counterpoint Research Locations: New York City, U.S, Asia, Pacific, Middle East, Africa, China, India

☆ Asia markets poised to fall even as Wall Street goes into Thanksgiving with a rally
▼ + stars: | 2023-11-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Nicky Loh | Bloomberg | Getty ImagesAsia-Pacific markets are set for a lower open after Wall Street went into the Thanksgiving holiday with a broad based rally. The tech-heavy Nasdaq also saw greater participation, with 62.9% of the stocks in the index rising. The country saw its business activity contract at a faster pace in November, according to flash estimates from Judo Bank. South Korea's Kospi gained 0.18%, on pace for a fourth straight day of gains, while the small-cap Kosdaq also advanced 0.16%. Futures for Hong Kong's Hang Seng index stood at 17,692, pointing to a weaker open compared with the HSI's close of 17,734.6.

Persons: Nicky Loh, Australia's, Korea's Kospi Organizations: Bloomberg, Getty, Wall, New York Stock Exchange, Nasdaq, Judo Bank Locations: Bay, Asia, Pacific, October's

☆ CNBC Daily Open: Nvidia tripled its revenue. Investors weren’t impressed
▼ + stars: | 2023-11-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's revenue tripledNvidia's fiscal third-quarter revenue grew 206% year on year to $18.12 billion, handily beating expectations, and net income rocketed from $680 million to $9.24 billion. Moreover, Nvidia expects revenue for the current quarter to increase to $20 billion, an implied 231% growth. Richard Teng, the company's former global head of regional markets, will be Binance's new CEO, said Zhao in a post on X, formerly Twitter.

Persons: Colette Kress, CZ, Changpeng Zhao, Richard Teng, Zhao Organizations: CNBC, Nvidia, Federal, Japan's Nikkei, China's, U.S . Department of Justice, Hamas, U.S, Bank of America Locations: China, Asia, Pacific, China's Shanghai, U.S, Israel, Europe

The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets are set to fall after minutes from the U.S. Federal Reserve's Oct. 31 meeting revealed that policy officials maintained that monetary policy had to be restrictive and had little appetite for rate cuts. "In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the Committee's 2 percent objective over time," the minutes said. The federal funds rate currently stands at 5.25%-5.5%. Futures for Hong Kong's Hang Seng index stood at 17,702 following a volatile trading session on Tuesday, pointing to a weaker open compared with the HSI's close of 17,733.89.

Organizations: Sydney Opera House, Getty, U.S, U.S . Federal, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, U.S ., Chicago, Osaka

☆ European stocks head for higher open as markets digest Fed minutes
▼ + stars: | 2023-11-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a positive open Wednesday as markets digest the latest minutes from the U.S. Federal Reserve's Oct. 31 meeting. They revealed that policy officials maintained that monetary policy has to be restrictive and that they have little appetite for rate cuts. "In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the Committee's 2 percent objective over time," the minutes said. The federal funds rate currently stands at 5.25%-5.5%. Asia-Pacific markets were mixed overnight, while Nasdaq 100 futures were lower Tuesday night, as Wall Street assessed chip giant Nvidia's latest earnings.

Organizations: U.S, U.S . Federal, Nasdaq, Wall Locations: U.S ., Asia, Pacific

In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Asia-Pacific markets largely rose on Tuesday, mirroring similar moves on Wall Street after a tech-fueled rally. Microsoft shares gained 2%, reaching a new 52-week high, after CEO Satya Nadella said former OpenAI chief Sam Altman will join the tech giant to lead a new AI research team. Chipmaker Nvidia also added 2.3%, closing at an all-time high for the stock ahead of its earnings report Tuesday. Investors in Asia will also assess South Korean producer prices for October, as well as New Zealand's October trade figures.

Persons: Satya Nadella, Sam Altman Organizations: Microsoft, Nvidia, Investors, South Locations: Seoul . Asia, Pacific, Asia, South Korean

☆ Europe stocks head for mixed open as investors continue to assess rate cut prospects
▼ + stars: | 2023-11-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European markets are heading for a cautious open Monday after a strong week, as the slew of third-quarter earnings slows down. The regional Stoxx 600 index climbed 2.82% last week, according to LSEG data. Figures showed inflation coming down sharply, with U.K. price rises slowing to 4.6% in October from 6.7% in September. Euro zone inflation was confirmed at 2.9%, down from 4.3% the previous month. The U.S. dollar fell to a two-month low Monday, according to Reuters, as bets on a rate cut as soon as March intensify.

Organizations: Federal Reserve, Dow Jones, U.S, Reuters, Investors Locations: Asia, Pacific, China

☆ Asia markets set to bounce at the start of the week, ahead of China benchmark lending rate release
▼ + stars: | 2023-11-20 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

Investors watch computer screens displaying stock price figures at a stock exchange hall. Jiang Sheng | Visual China Group | Getty ImagesAsia-Pacific markets were mostly set to eke out gains on Monday after most major bourses ended lower in the previous session, while investors watched for changes to China's benchmark lending rates. The People's Bank of China's one-year loan prime rate — the peg for most household and corporate loans in China — is currently at 3.45%. Futures for Hong Kong's Hang Seng index stood at 17,728, pointing to a higher open compared to the HSI's close of 17,454.19. Japan's Nikkei 225 was also set to open slightly lower, with the futures contract in Chicago at 33,500 and its counterpart in Osaka at 33,490 against the index's last close of 33,585.20.

Persons: Jiang Sheng, China —, Alibaba Organizations: Visual China, Getty, People's Bank, Nikkei Locations: Asia, Pacific, China's, China, Hong Kong, Chicago, Osaka, Australia

☆ Asia markets head for mixed session as investors digest Biden-Xi meeting
▼ + stars: | 2023-11-16 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

People are reflected in a glass while looking at electronic boards displaying stock information at the Australian Securities Exchange. Asia-Pacific markets geared up for a mixed session Thursday as investors digested high-level discussions between U.S. President Joe Biden and Chinese President Xi Jinping, while it was left to be seen if optimism about further signs of cooling U.S. inflation would carry through the day. Biden and Xi met Wednesday outside of San Francisco in their first face-to-face encounter in a year. Separately, the South Korea stock market was set to open an hour later than usual, at 10 a.m. South Korea time. The delayed open is intended to ease rush-hour traffic as college entrance exams were administrated across the country.

Persons: Joe Biden, Xi Jinping, Biden, Xi Organizations: Australian Securities Exchange ., Economic Cooperation, U.S, South Locations: Australian Securities Exchange . Asia, Pacific, San Francisco, Asia, China, South Korea

☆ CNBC Daily Open: Markets spiked on October’s flat CPI
▼ + stars: | 2023-11-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Boost from CPIU.S. stocks jumped Tuesday on the cooler-than-expected CPI report, with major indexes notching their best day since April. [PRO] Secret stock holdings at BerkshireWarren Buffett's Berkshire Hathaway dumped its stake in one auto company, exited some of its smaller positions and trimmed some big names its stock holdings, according to a new regulatory filing. More intriguingly, Berkshire also asked the Securities and Exchange Commission to keep one or more of its stock holdings confidential.

Persons: Australia's, Berkshire Hathaway Organizations: CNBC, CPI, CPI U.S, Berkshire Warren, Securities and Exchange Commission Locations: Los Angeles , California, U.S, Asia, Pacific, China, Japan, Berkshire, intriguingly

☆ European stocks climb as markets assess U.S., China data
▼ + stars: | 2023-11-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets were higher on Wednesday as global markets digested data out of the U.S. and China. The October consumer price index was flat month over month, while the core CPI — which excludes volatile food and energy prices — rose 0.2%. Economists surveyed by Dow Jones were expecting a 0.1% monthly rise in CPI, and 0.3% in core CPI. Overnight, Hong Kong stocks led Asia-Pacific markets higher after upbeat economic data from China, which reported better-than-expected retail sales and industrial data for October. In other news, U.S. President Joe Biden and China's President Xi Jinping are expected to meet in person in San Francisco on Wednesday, marking the first meeting of the leaders in about a year.

Persons: Dow Jones, Joe Biden, Xi Jinping Organizations: U.S . Federal Reserve Locations: China, Hong Kong, Asia, Pacific, San Francisco

☆ Asia markets rise after soft U.S. inflation data; Japan economy shrinks faster than expected
▼ + stars: | 2023-11-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets jumped Wednesday, taking cues from Wall Street after a soft U.S. inflation reading boosted hopes of the Federal Reserve nearing the end of its interest rate-hiking cycle. U.S. CPI was flat in October, against economists expectations of 0.1% rise month over month. Data on Wednesday showed Japan's economy shrank during the third quarter for the first time in four quarters, amid slowing global demand and rising domestic inflation. Japan's provisional gross domestic product fell 2.1% in the third quarter compared to a year ago, against a Reuters poll estimate of a 0.6% decline. On the geopolitical front, U.S. President Joe Biden and China's President Xi Jinping are expected to meet in person in San Francisco for the first time in about a year.

Persons: Joe Biden, Xi Jinping Organizations: Federal Reserve, CPI Locations: Asia, Pacific, China, U.S, San Francisco

☆ CNBC Daily Open: Moody’s downgrade won’t dent the Treasury market
▼ + stars: | 2023-11-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. South Korea's Kosdaq index rose around 2.2%, snapping a five-day losing streak. Hence, Biden and Xi will likely focus on "prevent[ing] a crisis," according to a political commentator. Consumer spending fellU.S. October retail sales, excluding autos and gas, fell 0.08% month on month, while core retail, which excludes restaurants, declined 0.03%, according to the new CNBC/NRF Retail Monitor.

Persons: Australia's, Biden, Xi, Joe Biden, Xi Jinping, That'll, Exxon, Morgan Stanley Organizations: CNBC, Dow Jones, NRF, Exxon, Exxon Mobil Locations: Asia, Pacific, U.S, Arkansas

European markets were mixed on Tuesday, with investors looking ahead to preliminary third quarter gross domestic product data from the euro zone, along with October's U.S. inflation print. The pan-European Stoxx 600 index was roughly flat in early trade. Other data releases include the single currency area's unemployment figures for the third quarter and Germany's ZEW survey of economic sentiment in November. Asia-Pacific markets rose overnight as investors looked ahead to highly anticipated talks between the U.S. and China as well as more economic data. U.S. stock futures were flat overnight as investors prepare for the October consumer price index reading slated for release before the start of U.S. trading.

Persons: Joe Biden, Xi Jinping's Organizations: October's, Vodafone, RWE, Imperial Brands ., U.S, Federal Locations: Imperial Brands . Asia, Pacific, China, San Francisco

☆ Asia markets set for gains ahead of Biden-Xi talks
▼ + stars: | 2023-11-14 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to rise on Tuesday as investors look ahead to highly anticipated talks between the U.S. and China as well as more economic data. U.S. President Joe Biden and China's President Xi Jinping's will meet in-person in San Francisco later in the day, for the first time in about a year. Futures for Hong Kong's Hang Seng index stood at 17,659, pointing to a weaker open compared with the HSI's close of 17,426.21. Japan's Nikkei 225 is also set to rise, with the futures contract in Chicago at 32,820 and its counterpart in Osaka at 32,780 against the index's last close of 32,585.11. In Australia, the S&P/ASX 200 rose 0.71% in an attempt to recover from the last two sessions of declines.

Persons: Joe Biden, Xi Jinping's Organizations: U.S, Nikkei Locations: Tokyo, Japan, Asia, Pacific, China, San Francisco, Chicago, Osaka, Australia

☆ European markets start the week in positive territory; U.S.-China talks in focus
▼ + stars: | 2023-11-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets made a positive start to the new trading week, with investors looking ahead to high-stakes talks between the U.S. and China in the next few days. The pan-European Stoxx 600 index was up 0.5% in early trade, with travel and leisure stocks adding 1.4% to lead gains as most sectors advanced. Food and beverage stocks slid 0.3% lower. Most Asia-Pacific markets reversed gains overnight to trade lower as investors considered economic data releases ahead of U.S. President Joe Biden and China's President Xi Jinping's first in-person meeting in about a year. U.S. stock futures inched down Sunday night after the move.

Persons: Joe Biden, Xi Jinping's Organizations: U.S, Global, Moody's Locations: China, Asia, Pacific

☆ Asia markets set to start week on strong footing; Biden-Xi talks awaited
▼ + stars: | 2023-11-13 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on Jan. 13, 2022. Asia-Pacific markets were set to open higher on Monday, bouncing off declines in the previous session as investors look to more economic data ahead of high-stakes talks between the U.S. and China. U.S. President Joe Biden and China's President Xi Jinping are set this week for their first in-person meeting in about a year. Separately, ratings agency Moody's Investors Service on Friday downgraded its ratings outlook on the U.S. government to negative from stable, pointing to rising risks to the nation's fiscal strength. Futures for Hong Kong's Hang Seng index stood at 17,372, pointing to a higher open compared with the HSI's close of 17,203.26.

Persons: Joe Biden, Xi Jinping Organizations: Tokyo Stock Exchange, U.S, Moody's, Nikkei Locations: Tokyo, Japan, Asia, Pacific, China . U.S, Chicago, Osaka, Australia

☆ Asia markets ease after Powell comments
▼ + stars: | 2023-11-10 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan. Asia-Pacific markets opened softer on Friday, retreating from small gains made in the previous session amid a downbeat tone set by U.S. markets overnight. South Korea's Kospi opened 0.83% lower, also down after gains on Thursday, while the Kosdaq shed 1.13% at open. In Australia, the S&P/ASX 200 traded 0.49% lower. Futures for Hong Kong's Hang Seng index stood at 17,546, pointing to a slightly stronger open compared with the HSI's close of 17,511.29.

Organizations: Tokyo Stock Exchange, Japan Exchange Group, Nikkei, Kospi Locations: Tokyo, Japan, Asia, Pacific, U.S, Australia

☆ CNBC Daily Open: Powell’s hawkish speech sent bond yields soaring
▼ + stars: | 2023-11-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hawkish PowellIn a speech that carried broad hawkish overtones, Federal Reserve Chair Jerome Powell said the U.S. central bank is "not confident" monetary policy is "sufficiently restrictive to bring inflation down to 2 percent." Still, Powell acknowledged there's a "risk of overtightening," and said "monetary policy is generally working the way we think it should work." Both are economic giants that have yet to achieve their full potential, but hold promises for emerging market investors.

Persons: Hawkish Powell, Jerome Powell, Powell, there's, Hong, Wynn Macau, Tesla's, Tesla, SMIC Organizations: CNBC, Nasdaq, Wynn, HSBC Global, HSBC, Li Auto, Chinese Passenger Car Association Locations: U.S, Asia, Pacific, Tesla's, China, India, —

☆ European markets tick lower as sentiment turns negative
▼ + stars: | 2023-11-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets edged lower at the open on Thursday as momentum in markets declined. The pan-European Stoxx 600 was 0.07% in the red shortly after the open. In the United States, S&P 500 futures were also lower after a session in which the broad-market index added to its longest winning streak since November 2021. Investors will be keeping an eye out for data on U.S. jobless claims on Thursday, as well as remarks from a slate of Federal Reserve officials, including chair Jerome Powell. Most Asia-Pacific markets edged higher overnight, with data from China showing consumer prices shrank faster than expected in October.

Persons: Jerome Powell Organizations: Federal Reserve Locations: United States, Asia, Pacific, China

☆ CNBC Daily Open: Slowing demand means fewer revenue beats
▼ + stars: | 2023-11-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Disney pluses subscribersDisney's shares jumped around 3% in extended trading after the company reported quarterly earnings. But the firm's revenue fell short of estimates — its second consecutive miss — even as quarterly revenue increased 5% to $21.24 billion year on year. Weakness in ArmArm reported earnings for the first time after its initial public offering.

Persons: — Organizations: CNBC, Dow Major, Dow Jones, Japan's Nikkei, China's National Bureau, Statistics, Disney, BNP, CNBC Pro Locations: Asia, Pacific, China

☆ Deutsche Bank boosts Asia bets as clients seek Wall Street alternative -CEO
▼ + stars: | 2023-11-09 | by ( Selena Li | ) www.reuters.com time to read: +4 min

Christian Sewing, CEO of Deutsche Bank, poses after an interview with Reuters in Hong Kong, China September 8, 2023. Asia offers higher profit margins than other regions, according to Sewing, who took the helm at the lender in 2018. It operates in 15 markets in Asia Pacific and generates about 15% of its global revenue in the region, he said. Sewing said that the demand for advice from clients in Asia Pacific was far higher than two or three years ago. At that time, it announced plans to cut around 18,000 staff worldwide, with teams disbanded and jobs cut in most of its Asia Pacific markets.

Persons: Selena Li, Sewing, Sumeet Chatterjee, Christian Organizations: Deutsche Bank, Reuters, REUTERS, Asia, Deutsche, UBS, Thomson Locations: Hong Kong, China, HONG KONG, Asia Pacific, U.S, Asia, Ho Chi Minh City, Seoul

☆ Asia markets gain ahead of China inflation data
▼ + stars: | 2023-11-09 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

People walk through Exchange Square in Hong Kong on October 28, 2022. Major lenders Standard Chartered and HSBC expressed confidence in the rebound of Hong Kong's and China's economy, even as China ramps up its Covid measures and Hong Kong's economy posted its worst quarter in more than two years. Most Asia-Pacific markets edged higher Thursday after indexes in the region fell for two straight days, as investors focus on inflation data from China. Market participants now await October consumer prices data from China, which is expected to fall 0.1% year-on-year according economists polled by Reuters. Producer prices are expected to decline 2.7%, according to a Reuters poll.

Persons: Hong Kong's Organizations: Chartered, HSBC, Reuters Locations: Hong Kong, China, Asia, Pacific, South

☆ Asia markets open higher; Japan business sentiment improves
▼ + stars: | 2023-11-08 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

A man passes by an electronic board showing the stock indexes in Tokyo, Japan, Oct. 15, 2020. Asia-Pacific markets opened higher after most major indexes closed lower in the previous session. Wall Street's main indexes closed higher on Tuesday, with the S&P 500 and Nasdaq Composite clocking their longest winning streaks in nearly two years. The S&P 500 closed 0.28% higher, while the Nasdaq jumped 0.9%. The S&P 500 rose for a seventh consecutive day for the first time since its eight-day win streak in November 2021.

Persons: Du Xiaoyi, Dow, —, Samantha Subin, Brian Evans Organizations: White, Getty, Reuters, Nasdaq, Dow Jones Locations: Tokyo, Japan, U.S, Xinhua, Asia, Pacific, South Korea

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