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☆ 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

☆ Asia-Pacific markets fall ahead of China trade data, RBA rate decision
▼ + stars: | 2023-11-07 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Photo: Carola Frentzen/dpa (Photo by Carola Frentzen/picture alliance via Getty Images)Asia-Pacific markets fell Tuesday ahead of trade data coming out of China, as well as a rate decision by the Reserve Bank of Australia. Australia's S&P/ASX 200 traded 0.22% lower ahead of the central bank's rate decision. Economists polled by Reuters expect the central bank to raise its key policy rate by 25 basis points to 4.35%. In Japan, the Nikkei 225 slipped 0.5% in its first hour of trade, while the Topix shed 0.39%. South Korea's Kospi fell 1.66%, easing off Monday's gains when the index posted its best session since late March 2020 after the country re-imposed a ban on short selling.

Persons: Carola Frentzen, Australia's, Korea's Kospi Organizations: Opera, Getty Images, Reserve Bank of Australia, Reuters, Nikkei Locations: Sydney, Asia, Pacific, China, Japan

☆ CNBC Daily Open: Markets enjoyed early frost in October’s jobs report
▼ + stars: | 2023-11-06 | 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. Markets reboundStocks and bonds in the U.S. rallied in tandem on Friday as markets digested jobs data and rebounded from October lows. [PRO] Surging semiconductor salesThe semiconductor industry was mired in a supply glut for the most of last year. For one, there was a 13% month on month jump in September's semiconductor sales to $46.9 billion.

Persons: nonfarm, That's, Korea's Kospi, Musk's Grok Elon, Grok, Berkshire Hathaway Organizations: CNBC, KPMG, Citi Locations: U.S, Asia, Pacific

☆ South Korea stocks lead Asia markets higher after short selling ban
▼ + stars: | 2023-11-06 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

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. South Korea stocks surged on Monday after the country re-imposed a ban on short-selling, while most Asia-Pacific markets took heart from a soft U.S. jobs report that helped reduce interest rate expectations. Financial authorities in South Korea said short-selling will be banned until the end of June 2024. Short-selling is when a trader sells borrowed shares to buy back at a lower price and pocket the difference. Japan's business activity expanded in October but at its softest pace this year, according to a private survey.

Persons: nonfarm, Dow Organizations: Federal Reserve Locations: Seoul . South Korea, Asia, Pacific, South Korea

☆ Asia markets rise ahead of key economic data
▼ + stars: | 2023-11-03 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Hong Kong Street Scene, Mongkok District with busses Nikada | E+ | Getty ImagesAsia-Pacific markets rose at the end of the week, with investors awaiting a fresh round of data for more clues on the health of services activity through the region. Services purchasing managers' index data from major economies including China, India and Hong Kong are set to be released throughout the day. Futures for Hong Kong's Hang Seng index stood at 17,455, pointing to a higher open compared with the HSI's close of 17,230.59. South Korea's Kospi rose 0.78% at the open, while the Kosdaq was up 0.14%. Japan markets were shut for a public holiday.

Organizations: Getty, Services Locations: Hong, Mongkok District, Asia, Pacific, China, India, Hong Kong, Japan, Australia

☆ CNBC Daily Open: Apple drops on a sunny day
▼ + stars: | 2023-11-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Exuberant stocksU.S. stocks enjoyed a broad rally Thursday, with all 11 S&P 500 sectors ending the day in positive territory. Bond yields declined. With bond yields hitting their highest in 16 years recently, it's clear the bond market has been experiencing a sell-off. (When bond yields go up, prices go down.)

Persons: Sam Bankman, Fried, Apple's, Elon, Musk Organizations: CNBC, Apple, CNBC Pro Locations: Asia, Pacific

☆ CNBC Daily Open: The Fed keeps rates, markets celebrate
▼ + stars: | 2023-11-02 | 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. Rates unchanged, againThe Federal Reserve kept interest rates unchanged, holding the key federal funds rate in a target range between 5.25% to 5.5%. Markets cheered decisionU.S. markets rallied Wednesday as investors digested — and cheered — the Fed's decision to hold rates steady. [PRO] The S&P 500(0) dreamIn August, Morgan Stanley Investment Management's Andrew Slimmon said the S&P 500 would hit 5,000 this year.

Persons: Jerome Powell, Powell, —, Xpeng, Nio, BYD, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Federal Reserve, Nikkei, U.S . Treasury Department, Li Auto, Morgan, Morgan Stanley Investment Locations: Asia, Pacific, U.S

☆ Asia markets gain ahead of manufacturing data, Fed decision
▼ + stars: | 2023-11-01 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets opened higher ahead of a policy decision from the U.S. Federal Reserve, as investors monitored a slew of manufacturing data. The Fed will conclude its two-day monetary policy meeting later in the day, with markets expecting the central bank to stand pat on interest rates. Purchasing managers' index data for October is expected from major economies including China, India and South Korea.

Organizations: U.S . Federal Reserve Locations: Asia, Pacific, China, India, South Korea

☆ CNBC Daily Open: Can stocks climb out of their three-month hole?
▼ + stars: | 2023-11-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

New York City resembled a ghost town after 370,000 people were told to evacuate flood-prone areas, including near Wall Street and at Coney Island, and mass transport was shut down. AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP via Getty Images)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. Spooky OctoberMajor U.S. indexes inched up Tuesday, but ended October in the red — giving them a three-month losing streak. The 117-year-old company is "becoming an AI company.

Persons: Irene, Stan HONDA, STAN HONDA, Kospi, Janet, Jerome There's, Jerome Powell's, Joe Biden, Xi Jinping Organizations: AFP, Getty, CNBC, Japan's Nikkei, Bank of Japan, Federal Reserve, U.S . Treasury, AMD Locations: Lower Manhattan , New York, Tri State, New York City, Wall, Coney, AFP, Asia, Pacific, China, U.S

☆ Asia markets mixed ahead of Bank of Japan decision, China PMI
▼ + stars: | 2023-10-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

The Bank of Japan headquarters in Tokyo. Asia-Pacific markets were mixed ahead of a key monetary policy decision by the Bank of Japan, and fresh economic data points throughout the region. The Bank of Japan will conclude its two-day policy meeting later in the day, with investors watching for any signs of the central bank raising its inflation forecasts. It is also expected to discuss further adjustments to its bond yield control. Also on Tuesday, China purchasing manager's index data for October will likely show manufacturing grew at an expansionary pace of 50.2, according to economists polled by Reuters.

Organizations: Bank of Japan, Reuters Locations: Tokyo . Asia, Pacific, China

☆ CNBC Daily Open: Market bounce may not last
▼ + stars: | 2023-10-31 | 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. The BOJ also revised its inflation outlook for Japan higher, forecasting core CPI to hit 2.8% and 1.7% for the fiscal years 2024 and 2025. The Federal Reserve is widely expected to keep interest rates unchanged at the close of its two-day meeting Wednesday. But the Fed has been notoriously off the mark when it comes to predictions about monetary policy, writes CNBC's Jeff Cox.

Persons: Elon Musk, Jeff Cox Organizations: New York Stock Exchange, CNBC, Dow, Industrial, China's, Bank of Japan, Samsung Electronics, Panasonic, Federal Reserve Locations: New York City, Asia, Pacific, China's Shanghai, Japan

European markets are heading for a mixed open as investors look ahead to key data releases in the region, particularly preliminary euro zone inflation data for October and gross domestic product for the third quarter. Yesterday, German gross domestic product recorded a 0.1% quarterly fall, slightly better than the 0.3% decline forecast in a Reuters poll of economists. Inflation in the country was at an estimated 3.8% for October, the lowest since August 2021. Overnight in Asia-Pacific markets, Japan stocks trimmed losses after the Bank of Japan's monetary policy decision, while other regional markets fell as manufacturing activity unexpectedly contracted in China. Meanwhile, U.S. stock futures edged lower early on Tuesday after the major averages climbed in a relief rally.

Organizations: Bank Locations: EU, Asia, Pacific, Japan, China

☆ CNBC Daily Open: Are things about to get more difficult?
▼ + stars: | 2023-10-30 | by ( Shreyashi Sanyal | ) 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. Hey, Big SpenderInflation in September rose but consumer spending came in even stronger than economists expected, numbers from the Commerce Department showed on Friday. HSBC's bumper profitHSBC reported quarterly profit after tax of $6.26 billion, up a whopping 235% compared to the $2.66 billion from a year ago quarter. Profit before tax, for the three months ended September, rose by $4.5 billion to $7.7 billion, due to a higher interest rate environment.

Persons: Spender, Dow Jones, Jerome Powell, there's Organizations: CNBC, Dow Jones, Nasdaq, Nikkei, Commerce, Federal Reserve, HSBC, Nvidia, Baidu Locations: Minneapolis , Minnesota, America, Asia, Pacific, South Korea

☆ Asia markets set to be mixed ahead of Japan's central bank decision and South Korea inflation this week
▼ + stars: | 2023-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty ImagesAsia-Pacific markets are set to fall ahead of a week of key economic data from around the region. Monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong are the regional highlights of the week. Japan's Nikkei 225 is also set to fall as the Bank of Japan starts its two-day monetary policy meeting, with the futures contract in Chicago at 30,665 and its counterpart in Osaka at 30,650 against the index's last close of 30,991.69 In Australia, the S&P/ASX 200 slipped 1.04%, ahead of September retail sales readings on Monday. Futures for Hong Kong's Hang Seng index stood at 17,175, pointing to a weaker open compared to the HSI's close of 17,398.73

Persons: Toru Hanai Organizations: Bloomberg, Getty, Nikkei, Bank of Japan Locations: Tokyo, Japan, Asia, Pacific, Malaysia, South Korea, Taiwan, Hong Kong, Chicago, Osaka, Australia

☆ Asia markets poised for a rebound after heavy sell-off
▼ + stars: | 2023-10-27 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

A woman walks past an electronic quotation board displaying stock prices of each company listed on the Tokyo Stock Exchange along a street in Tokyo on August 25, 2023. (Photo by Kazuhiro NOGI / AFP) (Photo by KAZUHIRO NOGI/AFP via Getty Images)Asia-Pacific markets were poised for a rebound on Friday, with Australia stocks set to bounce from a one-year low in the previous session as investors continue to digest more inflation data. Core consumer prices in Tokyo rose 2.7% in October compared to a year ago, government data showed. The core consumer price index for Tokyo includes oil products but excludes fresh food prices. Australia is set to release a reading on producer prices for the July to September quarter, with prices standing at 0.5% in the previous quarter.

Persons: Kazuhiro NOGI, KAZUHIRO NOGI Organizations: Tokyo Stock Exchange, Getty Images, Reuters Locations: Tokyo, AFP, Asia, Pacific, Australia

☆ European stocks open lower as earnings roll in; Standard Chartered plunges 10%; ECB set to hold rates
▼ + stars: | 2023-10-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Auto stocks plunged 3.45% as results disappointed, while travel stocks traded 1.7% lower. European stock markets opened sharply lower Thursday as attention remains on third-quarter earnings and government bond yields. Results are out from a slew of companies including Standard Chartered, BNP Paribas, TotalEnergies, Volvo Cars, Novozymes, Volkswagen, Carrefour, Saab and Wacker Chemie. Meanwhile, monetary policy decisions are due from the European Central Bank — for which markets have priced in a more than 98% likelihood of a hold in interest rates — and the central bank of Turkey, from which economists polled by Reuters anticipate a 500 basis point hike to 35%. The benchmark 10-year Japanese government bond yield hit a fresh 10-year high ahead of a central bank meeting next week, according to Reuters data.

Organizations: Chartered, Standard Chartered, BNP, TotalEnergies, Volvo, Volkswagen, Carrefour, Saab, Wacker Chemie, Investors, Facebook, Meta, European Central Bank —, Reuters, Treasury Locations: London, Turkey, Asia, Pacific

☆ South Korea stocks slide, economy grows faster than expected
▼ + stars: | 2023-10-26 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

(Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)Gross domestic product grew 0.6% in the July-September quarter from the prior quarter, according to data released by the Bank of Korea. The South Korean central bank will hold its next policy meeting in late November. South Korea stocks led declines among Asia-Pacific markets on Thursday, as investors parsed data that showed the economy grew at a slightly higher-than-expected pace in the third quarter. The S&P 500 closed below a key level on Wednesday after disappointing quarterly results from Google-parent Alphabet and a rebound in interest rates. The benchmark index fell 1.43% to close at 4,186.77, ending the day below the 4,200 level that was being widely watched by chart analysts.

Persons: Ed JONES, ED JONES, — CNBC's Brian Evans, Hakyung Kim Organizations: Getty, Bank of Korea, Google, Dow Jones, Nasdaq Locations: Seoul, AFP, Korean, South Korea, Asia, Pacific

☆ Asia markets mixed ahead of Australia's inflation figures
▼ + stars: | 2023-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty ImagesAsia-Pacific markets are mixed as investors prepare for Australia's third-quarter inflation figures, which will give clues to the Reserve Bank of Australia's monetary policy decision when it meets on Nov. 3. Economists polled by Reuters expect the headline inflation rate to come in at 5.3%, lower than the 6% seen in the second quarter. In Australia, the S&P/ASX 200 extended gains from Tuesday, climbing 0.32% in the morning session. Futures for Hong Kong's Hang Seng index stood at 17,480, pointing to a rebound after the HSI ended at its lowest level since Nov. 10.

Persons: David Gray, Kospi, HSI Organizations: Sydney Opera House, Getty, Reserve Bank, Reuters, Nikkei Locations: Asia, Pacific, Australia

☆ Asia markets set for slight recovery after recent sell-off, but Hong Kong poised to fall
▼ + stars: | 2023-10-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Some markets also are poised to poised to recover slightly after Asia saw a broad sell-off in the last three sessions. In Australia, the S&P/ASX 200 gained 0.36% in early trading, recovering from three straight days of losses. Japan's Nikkei 225 is also set to recover ahead of its October purchasing managers index reading from S&P Global. The futures contract in Chicago was at 31,130 and its counterpart in Osaka at 31,060 against the index's last close of 30,999.55. However, Hong Kong's Hang Seng index comes back from a holiday with a weak open, with futures for the HSI at 17,044, compared to the index's close of 17,172.13.

Persons: Natthapol, Hong Organizations: Nikkei, P Global Locations: Seoul, Asia, Pacific, Japan, Australia, South Korea, Chicago, Osaka

☆ CNBC Daily Open: Feeling of uncertainty is hard to shrug off for investors
▼ + stars: | 2023-10-23 | by ( Shreyashi Sanyal | ) 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. Asia-Pacific markets started the week lower ahead of inflation readings from across the region, while gold hit a three-month high and gained for the second straight week amid fears of heightening conflict in the Middle East. The carmakers will be under the radar this week amid ongoing strikes and contract negotiations with the United Auto Workers union. X to launch new subscription tiersOwner Elon Musk said X, the social media service formerly known as Twitter, will launch two new tiers of subscriptions for users.

Persons: Elon Musk, Musk Organizations: CNBC, Dow Jones, Treasury, Microsoft, Meta, General Motors, Ford, United Auto Workers, Twitter Locations: Asia, Pacific, U.S, China

☆ European markets open at seven-month low on stuttering global sentiment
▼ + stars: | 2023-10-20 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

The pan-European Stoxx 600 index opened 0.7% down, with most sectors in negative territory. Mining stocks saw the biggest drop with a 1.5% decline, followed by household goods, which fell 1.3%. European equity markets opened at a seven-month low Friday, Reuters data shows, as investors digest comments out of the U.S. and global sentiment stutters. Powell did not lay out a specific policy path but also gave no indication that a further interest rate hike was on the cards. The pan-European Stoxx 600 index provisionally closed 1.16% lower Thursday, its lowest close since March 15, according to LSEG data.

Persons: Jerome Powell, Powell Organizations: Federal, Fed, Union, Treasury Locations: Washington, Asia, Pacific

☆ CNBC Daily Open: Fed says inflation too high, U.S. Treasurys in spotlight
▼ + stars: | 2023-10-20 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

Federal Reserve Chairman Jerome Powell speaks during a meeting of the Economic Club of New York in New York City, U.S., October 19, 2023. 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. [PRO] Should you lock in those high yields right now? But with 10-year Treasury yields surging to 5% — a 16-year high, many investors might now be tempted to lock in those high yields and buy into bonds.

Persons: Jerome Powell, Powell, Powell didn't, Dow, That's Organizations: Economic, of New, CNBC, Treasury, South, Disney, Vegas Sands Locations: of New York, New York City, U.S, Asia, Pacific, Vegas Sands

☆ Asia markets set to extend losses after Powell's comments; Japan inflation slows
▼ + stars: | 2023-10-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were all lower Friday, extending losses from Thursday's broad sell-off. This comes as U.S. Federal Reserve Chair Jerome Powell said inflation was still too high and would likely require lower economic growth. While he noted that recent data showed progress toward slowing prices, Powell also added that monetary policy was not yet too tight. Asia investors will also assess Japan's September inflation data, which came in at 3%, the 18th straight month above the BOJ's 2% target, as well as China's one-year and five-year loan prime rates.

Persons: Jerome Powell, Powell Organizations: Federal Locations: Asia, Pacific

☆ European markets lower as Middle East and data weigh on sentiment
▼ + stars: | 2023-10-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets were lower Thursday as investors assess the impact of the crisis in the Middle East as well as earnings and economic data. Asia-Pacific markets saw a wide selloff, with Japan, South Korea and Hong Kong markets seeing losses of about 2% each. Regional markets closed lower Wednesday as traders digested inflation figures from the U.K. and the euro zone. Euro zone inflation came in at an annual 4.3% in September, confirming earlier estimates and slowing markedly from August's 5.2% annual increase. U.K. inflation came in at 6.7% in September, slightly ahead of expectations and unchanged from the previous month.

Organizations: Treasury Locations: Asia, Pacific, Japan, South Korea, Hong Kong

☆ Asia markets fall as Japan records surprise trade surplus; Australia unemployment figures awaited
▼ + stars: | 2023-10-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Sydney Harbour in Australia, featuring the Sydney Opera House and Harbour Bridge. Asia-Pacific markets fell across the board as Japan saw a surprise trade surplus in September and as Australia awaits its unemployment data for September. This also mirrors moves on Wall Street as U.S. Treasury yields jumped to multiyear highs, with the 10-year Treasury yield breaking above 4.9% for the first time since 2007. Meanwhile, the average rate on the 30-year fixed mortgage rate hit 8%, the highest level since 2000.

Organizations: Sydney Opera, Treasury Locations: Sydney, Australia, Asia, Pacific, Japan

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