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☆ Asia markets set for mixed open; Australia and China data closely watched this week
▼ + stars: | 2023-09-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Loop Images | Universal Images Group | Getty ImagesAsia-Pacific markets are set for a mixed start to the week as investors look to key data from Australia and China later in the week. The Reserve Bank of Australia will release its rate decision on Tuesday, while China is expected to release its trade balance for August on Thursday and its inflation rate next weekend. In Australia, futures for the S&P/ASX 200 point to a slightly lower open, at 7,274 compared with the last close of 7,278.3. Futures for Hong Kong's Hang Seng index stood at 18,304, pointing to a weaker open compared with the HSI's close of 18,382.06 last Thursday. Hong Kong's markets were closed Friday as the city braced for super typhoon Saola, which made landfall over the weekend.

Organizations: Getty, Reserve Bank of Australia, Nikkei Locations: Melbourne, Australia, Asia, Pacific, China, Hong, Chicago, Osaka

☆ Asia markets set to fall as traders wait for China's factory activity data
▼ + stars: | 2023-09-01 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

People walk along a promenade next to Victoria harbour in Hong Kong on August 31, 2023, a day before the arrival of Typhoon Saola. (Photo by ISAAC LAWRENCE / AFP) (Photo by ISAAC LAWRENCE/AFP via Getty Images)Asia-Pacific markets are set to fall as traders await China's Caixin manufacturing PMI data, amid a slew of other economic data in the region. In Japan, the Nikkei futures contract in Chicago was at 32,505 while its counterpart in Osaka was at 32,490. Both are lower compared to the Nikkei 225's last close at 32,619.34. In Australia, futures for the S&P/ASX 200 were at 7,237, lower than the index's last close of 7,350.3.

Persons: Saola, ISAAC LAWRENCE Organizations: Getty Images, Nikkei Locations: Victoria, Hong Kong, AFP, Asia, Pacific, Japan, Chicago, Osaka, Australia

☆ CNBC Daily Open: Jobs growth slowed down. Markets shot up
▼ + stars: | 2023-08-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty ImagesThis 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 regain groundU.S. stocks rallied Wednesday on the back of weaker-than-expected economic data, giving the S&P 500 a four-day winning streak. But this could be an opportunity for investors to put their money into other Asian markets, analysts say.

Persons: Al Drago, downwardly, — Organizations: Bloomberg, Getty, CNBC, UBS, Swiss, Credit Suisse, ADP, Japan's Nikkei Locations: Ocean City , New Jersey, US, Swiss, U.S, Asia, Pacific, Shanghai, China

☆ Asia markets set for mixed open ahead of China's factory activity data
▼ + stars: | 2023-08-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

CFOTO | Future Publishing | Getty ImagesAsia-Pacific markets are set for a mixed open as investors brace for China's August factory activity data. Economists polled are expecting the purchasing managers index to come in at 49.4, representing a softer rate of contraction compared with June's 49.3. Futures for Hong Kong's Hang Seng index stood at 18,544, pointing to a stronger open compared with the HSI's close of 18,482.86. Japan will release its retail sales data, as well as its preliminary industrial output figures for July on Thursday. However, futures for the Australian S&P/ASX 200 point to a lower open, at 7,263 compared with the last close of 7,297.7.

Organizations: Getty, China's, Nikkei Locations: South Korea, Chongqing, China, Asia, Pacific, Chicago, Osaka, Japan

☆ Asia markets set to mirror Wall Street's rise, ahead of Australia's July inflation numbers
▼ + stars: | 2023-08-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

High-rise buildings are seen near Victoria Harbour in Hong Kong, China, July 24, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto | Nurphoto | Getty ImagesAsia-Pacific markets are set to mostly rise, largely mirroring moves on Wall Street as U.S. stocks saw a Nvidia-fueled tech rally on Tuesday. Investors will be bracing for Australia's inflation numbers for July, which is expected to come in at 5.2%, according to a Reuters poll and softer than the 5.4% seen in June. Japan's Nikkei 225 is also set to rise, with the futures contract in Chicago at 32,455 and its counterpart in Osaka at 32,430 against the index's last close of 32,226.97. In contrast, futures for the Australian S&P/ASX 200 point to a marginally lower open, at 7,209 compared with the last close of 7,210.5.

Organizations: Getty, Nurphoto, Nvidia, Nikkei Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Chicago, Osaka

☆ Asia markets mostly set to rise as Wall Street comes off winning day, but Australia set to fall
▼ + stars: | 2023-08-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are mostly set to rise as Wall Street came off a winning day on Monday. Names like Meta and Apple traded slightly higher, while Nvidia added 1.8%. Japan's unemployment rate for July also came in higher than expected, at 2.7% compared with the 2.5% expected in a Reuters poll. Futures for Hong Kong's Hang Seng index stood at 18,300, pointing to a stronger open compared with the HSI's close of 18,130.74. However in Australia, futures for the S&P/ASX 200 point to a lower open, at 7,137 compared to the last close of 7,159.

Organizations: Apple, Nvidia, Nikkei Locations: Asia, Pacific, Chicago, Osaka, Australia

☆ CNBC Daily Open: Despite Monday’s bounce, stocks are still wobbly
▼ + stars: | 2023-08-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A trader works on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 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. Artificial intelligence, human controlArtificial intelligence must be "subject to human control," Microsoft's president and vice-chairman Brad Smith told CNBC in an exclusive interview. Monetizing Google Maps dataGoogle is planning to license solar and environment data to companies, CNBC has learned.

Persons: Hong, Goldman offloads, Goldman Sachs, Goldman, David Solomon, Brad Smith, Smith Organizations: New York Stock Exchange, CNBC, Nikkei, Creative Planning, United Capital Financial Partners, Google, Tesla Energy, Aurora, Nvidia, Sanlam Investments Locations: New York City, Asia, Pacific

☆ Japan's Nikkei down nearly 2%, leading losses in Asia ahead of Powell's Jackson Hole speech
▼ + stars: | 2023-08-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

People shopping along the streets of Shinsaibashi in Osaka, Japan. Asia-Pacific markets fell across the board as investors prepared for signals on U.S. monetary policy from central bankers' comments at the Jackson Hole meeting on Friday, including a speech by U.S. Federal Reserve chair Jerome Powell. In Asia, the core inflation rate for Japan's capital Tokyo came in at 2.8% for August, slightly below the 2.9% expected by economists polled by Reuters. The core inflation rate strips out prices of fresh food. Overall inflation for Tokyo was recorded at 2.9%, lower than the 3.2% seen in July.

Persons: Jerome Powell Organizations: U.S . Federal, Reuters Locations: Shinsaibashi, Osaka, Japan, Asia, Pacific, Tokyo

☆ CNBC Daily Open: Jackson Hole anxiety overshadows Nvidia
▼ + stars: | 2023-08-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near Jackson Hole, Wyoming. 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. Rally fizzles outU.S. stocks closed lower Thursday as an earlier Nvidia-sparked rally fizzled out, while Treasury yields climbed higher. But there are other market themes that investors should know about, according to Goldman Sachs.

Persons: Jerome Powell, paring, CNBC's Lucy Handley, Singh Puri, CNBC's Tanvir Gill, Puri, Goldman Sachs Organizations: Federal Reserve, Jackson, Grand Teton, CNBC, Nvidia, Nikkei, AMD, Intel, Petroleum, Natural Gas Locations: Jackson Hole , Wyoming, Asia, Pacific, China, Europe, India, Moscow

☆ Asia markets largely set to rise ahead of central bank decisions in South Korea and Indonesia
▼ + stars: | 2023-08-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The Seoul city skyline early on December 16, 2020. (Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)Asia-Pacific markets are largely set to rise ahead of central bank rate decisions from South Korea and Indonesia, although both central banks are expected to hold their benchmark policy rates unchanged at 3.5% and 5.75% respectively. South Korea's producer price index climb 0.2% year-on-year, the 13th straight month that growth in the PPI has slowed. Investors will also be assessing chipmaker's Nvidia's earnings that were released early Thursday. The company beat estimates for the fiscal second quarter and issued optimistic guidance for the current period.

Persons: Ed JONES, ED JONES Organizations: Getty Images, PPI Locations: Seoul, AFP, Asia, Pacific, South Korea, Indonesia

☆ CNBC Daily Open: With such high yields, why buy stocks?
▼ + stars: | 2023-08-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Nathan Howard | Bloomberg | Getty ImagesThis 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. That's called the equity risk premium, a return that's supposed to compensate stock investors for the chance that they might lose money. Another potential issue that could crop up with high Treasury yields is that it could make the Federal Reserve's job tougher. It wasn't a surprise, then, that stock markets fell Tuesday.

Persons: Nathan Howard, Tesla, Anwar Ibrahim, CNBC's Martin Soong, That's, yield's, Rupert Thompson, Cash, Bob Pisani, it's, Torsten Slok, Adam Turnquist, Ed Yardeni Organizations: Treasury, Bloomberg, Getty, CNBC, Nasdaq, Japan's Nikkei, Malaysia, country's, Vehicle Global, Analysts, International Atomic Energy Agency, Kingswood Group, Dow Jones Industrial, Nvidia, LPL, Yardeni Locations: Washington , DC, Asia, Pacific, Shanghai, Malaysia, California, China, Tokyo

☆ Asia markets poised for fall ahead of private business activity reports from Australia and Japan
▼ + stars: | 2023-08-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Singapore has overtaken Japan to boast of the world's most powerful passport, the Henley Passport Index showed. This comes as investors assess private business activity surveys from Australia and Japan, as well as inflation figures from Singapore. Asia-Pacific markets are set to fall, reversing gains markets made across the board on Monday. In Australia, futures for the S&P/ASX 200 point to a lower open, at 7,059 compared with the last close of 7,121.6. Futures for Hong Kong's Hang Seng index stood at 17,655, pointing to a weaker open compared to the HSI's close of 17,791.01.

Organizations: Singapore ., Juno Bank, Japan's Nikkei, PMI Locations: Singapore, Japan, Australia, Singapore . Asia, Pacific, Chicago, Osaka

☆ Asia markets largely rise as 10-year U.S. Treasury yield hits 16-year high
▼ + stars: | 2023-08-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The ICC International Commerce Centre, and Hong Kong's brand new museum of visual culture, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty ImagesAsia-Pacific markets largely rose even as yields of U.S. 10-year Treasury bonds hit levels not seen in over a decade. The benchmark 10-year Treasury note yield hit a high of 4.34%, reaching its highest level since November 2007. Overnight, SoftBank Group's chip unit Arm filed for a Nasdaq listing that is expected to be the largest of the year. Futures for Hong Kong's Hang Seng index point to a rebound for the index and stood at 17,680,compared with the HSI's close of 17,623.29.

Persons: Kospi Organizations: ICC International Commerce Centre, Ucg, Getty, Nikkei, Nasdaq Locations: Victoria, Hong Kong, China, Asia, Pacific

☆ Europe stocks higher; Ubisoft rises 6% on restructured Microsoft-Activision deal
▼ + stars: | 2023-08-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European stock markets were higher Tuesday after posting cautious gains to start the week. The Stoxx 600 index was 0.68% higher in early trade, with all sectors higher bar oil and gas, which dipped 0.1%. Higher bond yields generally mean lower stock prices. Thompson said bond market moves reflect a pushback on expectations for substantial Federal Reserve rate cuts next year, though opinion remains divided. U.S. stock futures nudged lower after the Nasdaq Composite and the S&P 500 snapped a four-day negative streak.

Persons: Rupert Thompson, CNBC's, Thompson Organizations: Technology, Ubisoft Entertainment, Microsoft, Activision Blizzard, Treasury, Kingswood Group, Nasdaq Locations: Asia, Pacific

☆ CNBC Daily Open: Rising yields couldn’t stifle excitement over Nvidia
▼ + stars: | 2023-08-22 | 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. Tech rallied amid rising yieldsThe Nasdaq Composite rallied Monday, breaking a four-day losing streak, even as the 10-year U.S. Treasury yield hit 4.342%, a decades-long high. The index was lifted by SoftBank shares rising 1.57% on the news that its chip unit Arm has filed for a Nasdaq listing. "What seems to be clear is that food price volatility will continue in coming months," an analyst said.

Persons: Softbank Organizations: CNBC, Tech, Nasdaq, Treasury, Nikkei, P Global, Corp, National Bancorp, UMB Financial Corp, Comerica Bank, Keycorp, UBS Locations: Asia, Pacific, Asia Rice, India, Swiss

☆ CNBC Daily Open: Unwelcome déjà vu in U.S. markets
▼ + stars: | 2023-08-21 | 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. Japan's Nikkei 225 added 0.75%, but Hong Kong's Hang Seng Index dropped 1.38%. Beleaguered Chinese real estate company Country Garden will be removed from Hong Kong's index on Sept. 4 and replaced by Sinopharm. It wasn't just U.S. markets that fell — Hong Kong's Hang Seng Index closed in bear market territory Friday.

Persons: Jay Hatfield, Jackson, Sarah Min, Jerome Powell's Organizations: CNBC, Nikkei, Global, Elon, SpaceX, Capital Management Locations: Asia, Pacific, U.S

☆ Asia markets poised for mixed open ahead of China's loan prime rate announcement
▼ + stars: | 2023-08-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to fall ahead of China's announcement for its one-year and five-year loan prime rates on Monday. The one-year and five-year LPR currently stands at 3.55% and 4.2% respectively. Reuters reported that in a poll of 35 market watchers, all participants predicted cuts to both rates, after China's central bank unexpectedly lowered the medium-term lending facility rate last week. Futures for Hong Kong's Hang Seng index stood at 17,794, pointing to a weaker open compared with its Friday close of 17,950.85. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,070 compared with its last close of 7,148.1.

Persons: LPR Organizations: Reuters, Nikkei Locations: Asia, Pacific, Australia, Chicago, Osaka

☆ Asia markets to fall ahead of Japan inflation data; China's Evergrande files for bankruptcy
▼ + stars: | 2023-08-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan ,Tokyo City skyline, Tokyo Tower. (Photo by: Dukas/Universal Images Group via Getty Images) Prisma By Dukas | Universal Images Group | Getty ImagesAsia-Pacific markets are set to fall on Friday ahead of Japan's July inflation data and fresh blows to China's real estate sector. Embattled Chinese real estate giant Evergrande has reportedly filed for bankruptcy protection in a U.S bankruptcy court. Futures for Hong Kong's Hang Seng index stood at 18,147, pointing to a weaker open compared to the HSI's close of 18,326.63. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,067 compared to the last close of 7,146.

Organizations: Getty, Dukas, Reuters, Futures, Nikkei Locations: Japan, Tokyo City, Tokyo, Asia, Pacific, U.S, United States, Chicago, Osaka, Australia

☆ CNBC Daily Open: Inflation and interest rates might go higher, warns the Fed
▼ + stars: | 2023-08-17 | 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 Fed's still worriedFederal Reserve officials are still worried that inflation could rise again, which would necessitate more interest rate hikes, according to minutes from the July meeting. Weaker demand from China caused exports to the country to plunge 13.4%, the eighth consecutive monthly decline. CNBC Pro analyzed sales data and came up with a list of companies that rely significantly on China for their venue.

Persons: Australia's, Li Qiang, Li, it's Organizations: CNBC, Federal, Federal Reserve, China's State, Export, CNBC Pro Locations: Asia, Pacific, China's, China, Japan

☆ Asia markets fall further as Fed hints at higher rates
▼ + stars: | 2023-08-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets extended their losses on Thursday after the U.S. Federal Reserve's July minutes showed inflation concerns lingered, which could lead to more rate hikes. The Federal Funds rate currently stands at 5.25% to 5.5%, the highest in 22 years. In Australia, the S&P/ASX 200 opened down 0.15%, ahead of its unemployment rate for July. Japan's Nikkei 225 slid 0.45% and the Topic was 0.38% lower, as the country saw its trade balance slip into a deficit in July from a surplus in June. Futures for Hong Kong's Hang Seng index stood at 18,064, pointing to a weaker open compared to the HSI's close of 18,329.3.

Organizations: U.S, U.S . Federal, Japan's Nikkei Locations: Asia, Pacific, U.S ., Australia, South Korea

☆ CNBC Daily Open: More trouble ahead for U.S. banks
▼ + stars: | 2023-08-16 | 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. Seasonally adjusted retail sales rose 0.7% for the month; economists were expecting 0.4%. Excluding autos, sales rose 1% against a 0.4% forecast. It's a good time to sell these six stocks to lock in profits — and buy five cheap ones, he said.

Persons: It's Organizations: CNBC, Fitch, JPMorgan Chase, Bank of America, JPMorgan, Commerce Department Locations: Asia, Pacific, China

☆ Asia markets poised to fall as bank stocks retreat under pressure on Wall Street
▼ + stars: | 2023-08-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to fall on Wednesday mirroring moves on Wall Street after a decline in U.S. banks. Shares of JPMorgan Chase and Wells Fargo dropped 2%, and Bank of America dropped 3%. The action came after Fitch warned it may have to downgrade credit rating dozens of banks, including JPMorgan Chase. Futures for Hong Kong's Hang Seng index stood at 18,360, pointing to a weaker open compared to the HSI's close of 18,581.11. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,168 compared to the last close of 7,305.6.

Persons: Wells Fargo, Fitch, Moody's Organizations: Bund, JPMorgan Chase, Bank of America, Asia Japan's Nikkei Locations: Shanghai, China, Asia, Pacific, U.S, Chicago, Osaka, Australia

☆ European markets higher as investors assess UK inflation data
▼ + stars: | 2023-08-16 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

The pan-European Stoxx 600 index was down 0.3% in the first minutes of trading, before moving to gain 0.2%. Sectors were spread across positive and negative territory, with retail stocks leading gains with a 0.7% uptick and telecom seeing a 0.3% downturn. The headline consumer price index reading was in line with the expectations of analysts polled by Reuters, and comes after the cooler-than-expected 7.9% figure for June. The Stoxx 600 closed 0.9% lower in the previous session, a one-month low for the index, with most sectors in negative territory. Markets will also be keeping an eye on the euro zone's second gross domestic product reading for the second quarter and the U.K. house price index, both set for release later in the day.

Organizations: Reuters Locations: Asia, Pacific, U.S

☆ Asia markets set for mixed open ahead of key data from Japan and China
▼ + stars: | 2023-08-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Photographer: Kentaro Takahashi/Bloomberg via Getty ImagesAsia-Pacific markets are set for a mixed open on Tuesday ahead of key economic data out from Japan and China. Japan will release its second quarter gross domestic product, while China will see its industrial output and retail sales figures for July. Expectations from economists polled by Reuters were Japan's economy will grow 0.8% on a quarter on quarter basis and 3.1% on an annualized basis. Futures for Hong Kong's Hang Seng index stood at 18,680, pointing to a weaker open compared to the HSI's close of 18,773.55. Hong Kong looks set to extend losses for a third straight day, after the HSI slid 1.58% on Monday.

Persons: Kentaro Takahashi, HSI Organizations: Bloomberg, Getty Images, Japan's Nikkei, Reuters, Reserve Bank Locations: Shibuya, Tokyo, Japan, Getty Images Asia, Pacific, China, Chicago, Osaka, Hong Kong, Australia

☆ Asia markets set for mixed open as investors look ahead to Japan data
▼ + stars: | 2023-08-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Tokyo Skytree (R) and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Asia-Pacific markets are set to start mixed on Monday as investors look toward key data from Japan and China later in the week. Futures for Hong Kong's Hang Seng index stood at 18,857, pointing to a weaker open compared to compared to the HSI's close of 19.075.19. This would be the first time in almost a month that the HSI went lower than the 19,000 mark. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,251 compared to the last close of 7,340.1

Persons: HSI Organizations: Mount, Nikkei Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture, Asia, Pacific, Japan, China, Chicago, Osaka, 19.075.19, Australia

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