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Search resuls for: "Pacific Market"


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New Governor of Bank of Japan Kazuo Ueda waits for Japanese Prime Minister Fumio Kishida in Tokyo on April 10, 2023. Asia-Pacific markets largely rose on Friday after the Bank of Japan kept its monetary policy unchanged in the first monetary policy meeting chaired by new governor Kazuo Ueda. Japanese markets were all higher and led gains in the region, with the Nikkei 225 closing 1.4% higher at 28,856.44 following the central bank's decision and the Topix rose 1.23% to end the day at 2057,48. Hong Kong's Hang Seng index climbed 0.42% in its final hour, while the Hang Seng Tech index jumped 1.12%. In mainland China, the Shenzhen Component ticked up 1.08% to end at 11,338.67 and the Shanghai Composite rose 1.14% to close at 3,323.27.
A Japanese national flag flies outside the Bank of Japan headquarters in Tokyo, Japan, on Sept. 27, 2021. The Japanese central bank has for years adopted ultra-easy monetary policy in a bid to achieve its ever elusive inflation target. Asia-Pacific market were lower on Thursday as investors focus on the Bank of Japan's first policy meeting led by new BOJ governor Kazuo Ueda. Ueda is expected to maintain the ultra loose monetary policy of predecessor Haruhiko Kuroda for now, but expectations are that he will plot a path out of this policy in the future, according to media reports. Hong Kong's Hang Seng index also seems set for a lower open as futures tied to the index traded at 19,735, compared to the 19,757 close on Wednesday.
Asia markets mixed as Wall Street banking fears reignite
  + stars: | 2023-04-26 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +1 min
Asia-Pacific markets were trading mixed on Wednesday after banking fears were reignited on Wall Street. Investors were also watching Australia's inflation numbers for the first quarter of 2023, which slowed to 7% year-on-year, down from a 23-year high of 7.8% the previous quarter. In Japan, the Nikkei 225 fell 0.71% to end the day at 28,416.47 , and the Topix dropped 0.89% to finish at 2,023.9. Mainland Chinese markets ended mixed, with the Shenzhen Component up 0.33% to finish at 11,185.68 and the Shanghai Composite closing 0.02% lower at 3,264.1 . Hong Kong's Hang Seng index climbed 0.7% up, while the Hang Seng Tech index rose 1.32%.
European markets are heading for a negative open Wednesday as concerns resurface over the health of the global banking sector. Asia-Pacific markets were trading mixed on Wednesday after banking fears were reignited on Wall Street. This came after shares of First Republic Bank tumbled more than 49% Tuesday after the regional bank posted its latest quarterly results Monday, saying that deposits dropped 40% to $104.5 billion in the first quarter. The announcement put pressure on U.S. markets yesterday but stock futures rose overnight.
People picnic on the green roof of Marina Barrage in Singapore on Oct. 10, 2022. Asia-Pacific markets are trading mixed on Monday, ahead of a busy week of key economic releases in the region. Japanese markets were all higher, with the Nikkei 225 and the Topix both higher by 0.2%. In Australia, the S&P/ASX 200 fell 0.26%, while South Korea's Kospi slid 0.37% and the Kosdaq was slightly above the flatline. Some Southeast Asian markets are closed today for a holiday, including Singapore, Malaysia and Indonesia.
A man pushes a trolley across a street in the Kowloon district of Hong Kong on November 22, 2022. Asia-Pacific markets traded mixed on Friday as Japan's core inflation for March came in at 3.1%, unchanged from February, data from the Statistics Bureau showed. This is the second straight month of slowing inflation after Japan's headline inflation hit a 41-year high of 4.3% in January. Private surveys for Japan and Australia's purchasing manager's index showed that factory activity in both countries continued to expand, powered by their respective services sectors. Hong Kong will also release its inflation data for March, which is expected to come in at 1.8%.
European markets are heading for a flat to lower open Thursday as investors continued to digest more Wall Street earnings. Netflix, IBM and Morgan Stanley were among the companies reporting yesterday. Asia-Pacific markets were also largely lower overnight, while U.S. stock futures are modestly lower Wednesday night as investors assessed the latest batch of corporate earnings.
Asia-Pacific markets are largely lower on Thursday as investors on Wall Street digest more earnings reports from names like Netflix, IBM and Morgan Stanley. While many of the companies reporting topped analysts' low-bar estimates, a lack of forecasts from the major companies also left investors on edge. Japan's Nikkei 225 lost 0.5% in early trade, and the Topix also shed 0.54% as Japan's trade deficit hit a record high of 21.7 trillion yen ($161.14 billion) for its full year ending March. In Australia, the S&P/ASX 200 started the day marginally higher, while South Korea's Kospi slid 0.48% and the Kosdaq dipped 0.7%. Hong Kong's Hang Seng Index looks set for a positive open, with Hang Seng futures trading at 20,402, higher than the index's last close of 20,367.76.
Asia-Pacific markets traded mixed on Wednesday as Wall Street's earnings season continued and U.S. Federal Reserve officials delivered mixed signals on future rate hikes. Atlanta Federal Reserve President Raphael Bostic told CNBC that he sees one more rate hike of 25 basis points, before pausing to see its impact on the economy. This would take the U.S. Federal Funds rate to 5% to 5.25%. Bostic's words come as St. Louis Federal Reserve President James Bullard told Reuters that he favors a higher terminal rate of between 5.50% and 5.75%. Australia's S&P/ASX 200 was 0.11% up in early trading, while Japan's Nikkei 225 dipped 0.27% and the Topix fell 0.3%.
European markets are heading for a flat open Wednesday as earnings season continues and investors digest mixed signals from U.S. Federal Reserve officials on the trajectory of interest rate hikes. Atlanta Federal Reserve President Raphael Bostic told CNBC that he sees one more rate hike of 25 basis points, before pausing to see its impact on the economy. That would take the U.S. Federal Funds rate to 5% to 5.25%. Bostic's words come as St. Louis Federal Reserve President James Bullard told Reuters that he favors a higher terminal rate of between 5.50% and 5.75%. Asia-Pacific markets traded mixed overnight.
Asia-Pacific markets largely rose on Friday after Wall Street rose as the U.S. producer price index signaled further signs of cooling inflation. The March producer price index, a measure of prices paid by companies and often a leading indicator of consumer inflation, declined by 0.5% month-on-month, after the U.S. consumer price index saw the smallest increase in nearly two years. In Singapore, its central bank maintained its monetary policy as its core inflation remains at the highest levels in 14 years. The economy saw a quarterly contraction of 0.7% and a marginal growth of 0.1% year-on-year, advance estimates showed.
European markets are expected to open higher Friday as traders continue to digest U.S. data. Cooling inflation raised expectations that the Federal Reserve will pause its aggressive rate-hiking cycle. The pan-European Stoxx 600 index closed higher Thursday in a fourth consecutive uptick after the long Easter weekend. Investors are also looking ahead to the start of U.S. earnings season, with JPMorgan, Wells Fargo and Citi publishing results before U.S. stock markets open later in the day. U.S. stock futures were down slightly following the flurry of data and ahead of earnings reports, while Asia-Pacific markets largely rose on Friday.
A Star Ferry ship parked in front of the Hong Kong Skyline on October 13, 2022 in Hong Kong, China. (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets fell on Thursday after minutes from the March Federal Open Market Committee meeting showed that Fed officials see the U.S. economy entering a recession in the wake of the banking crisis. Comments from the Fed erased earlier gains seen on Wall Street after the release of the U.S. consumer price index report that showed inflation cooled in March. The CPI rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year ago versus the estimate of 5.1%. Excluding food and energy, the core CPI rose 0.4% and 5.6% on an annual basis.
The pan-European Stoxx 600 index was tentatively higher with a 0.2% uptick, and sectors were mostly in positive territory. Household goods led gains with a 1.8% jump, while oil and gas stocks made the biggest drop with a 0.4% downturn. European stock markets opened mixed Thursday as investors digest key inflation data out of the U.S. released Wednesday. European stocks closed slightly higher Wednesday, with the pan-European Stoxx 600 closing up 0.1%. U.S. futures tied to the S&P 500 were little changed early Thursday morning, while Asia-Pacific markets were mostly lower on Thursday in response to data out of the U.S.
MUMBAI, MAHARASHTRA, INDIA - 2022/10/06: People are seen taking photos of the City of Mumbai skyline. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images)Asia-Pacific markets were mostly higher on Monday as some investors returned from a long Easter weekend. Japan's Nikkei 225 opened 0.65% higher, with the Topix seeing a larger gain of 0.8%. Australian and Hong Kong markets remained closed due to a four day Easter holiday till Monday. India will release its fiscal deficit figures for March, as well as its March trade data, while Indonesia's retail sales for February will also be out.
European markets are expected to open mixed Thursday as investors continue to weigh up an uncertain global economic outlook. U.S. private payrolls rose by 145,000 in March, which showed job growth had slowed significantly more than anticipated. The ISM Purchasing Managers' Index showed a monthly decline, while another U.S. labor report on Wednesday showed job openings dropped to their lowest level in nearly two years. Investors are now looking ahead to non-farm payrolls data on Friday. Asia-Pacific markets largely fell on Thursday as Wall Street digested the latest ADP private payrolls report, which showed slowing job growth in March, while U.S. stock futures were near flat Wednesday night as investors also considered what the latest data would mean for the economy.
The Reserve Bank of India (RBI) logo is displayed outside of the bank's headquarters in Mumbai, India, on Tuesday, Aug. 9, 2011. Asia-Pacific markets were mixed on Thursday as Wall Street digested the latest ADP private payrolls report, which showed slowing job growth in March. India's central bank is also expected to raise its repurchase rate by 25 basis points to 6.75%, according to economists polled by Reuters. Hong Kong's Hang Seng index, looked set to trade higher, with Hang Seng futures at 20,421 compared to Tuesday's close of 20,274.59. Japan will release data for its household spending for February, and China will see private surveys on its services sector activity as well.
CNBC Daily Open: Reality sinks in
  + stars: | 2023-04-06 | by ( Jihye Lee | ) 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. Such a yield-curve inversion is seen by many on Wall Street as a signal that a recession is near. And we'll see what European leaders have to say as they visit Beijing to denounce Russia's invasion, following Chinese President Xi Jinping's visit with Russian President Vladimir Putin. Subscribe here to get this report sent directly to your inbox each morning before markets open.
European markets are heading for a flat open Wednesday as investor uncertainty lingers over the economic outlook. European stocks closed slightly lower on Tuesday, as the oil and gas sector gave up some gains after the surprise production cut by the OPEC+ alliance. Overnight, Asia-Pacific markets were mixed as investors digested a key U.S. labor report that showed job openings dropped to their lowest level in nearly two years in February. U.S. stock futures ticked higher on Tuesday night.
Commercial and residential buildings at dusk in Tokyo, Japan, on Wednesday, Feb. 8, 2023. Asia-Pacific markets were mixed on Wednesday as Wall Street digested a key U.S. labor report that showed job openings dropped to their lowest level in nearly two years in February. In Australia, the S&P/ASX 200 was up marginally, while Japanese markets saw larger losses. The Nikkei 225 slid 0.65%, while the Topix lost 0.85%. Mainland Chinese and Hong Kong markets are closed for a holiday.
European markets are heading for a higher open Tuesday, seemingly brushing off concerns over oil price rises following a surprise production cut by the OPEC+ alliance. Oil prices steadied in early Asian trade on Tuesday after markets were jolted the previous day, with investor focus shifting to demand trends and the impact of higher prices on the global economy. Overnight, Asia-Pacific markets were mixed ahead of a Reserve Bank of Australia's interest rate hike decision, with economists almost evenly spilt on whether the RBA will pause or continue its hiking cycle. U.S. stock futures inched lower Tuesday morning as investors weighed a spike in oil prices that led the S&P 500 higher to start the new trading month.
Reserve Bank of Australia (RBA) at the central bank's building in Sydney, Australia on May 2, 2022. Asia-Pacific markets rose on Tuesday ahead of a Reserve Bank of Australia's interest rate hike decision, with economists almost evenly spilt on whether the RBA will pause or continue its hiking cycle. According to a Reuters poll of 37 economists, 16 expect a rate hike from the current interest rate level of 3.6% to 3.85%, while 21 expect the bank to hold rates. South Korea's Kospi was 0.57% up, while the Kosdaq index was 0.36% higher. In Hong Kong, Hang Seng index futures were at 20,462, higher than the index's last close of 20,409.18.
"China's growth recovery and north Asia's earnings rebound in 2024 remain our key investment themes and overweight areas," Goldman Sachs' strategists, led by Timothy Moe, wrote in a Saturday note. It's been a dramatic quarter for Asia-Pacific stock markets, but strategists are expecting the region to be in better shape than its global peers. Stocks in the Asia-Pacific were mixed on the first day of trade of the second quarter of the year, with economists predicting China's recovery will cushion the dampening effect of high global interest rates on the regional economy. "China's growth recovery and north Asia's earnings rebound in 2024 remain our key investment themes and overweight areas," Goldman Sachs' strategists, led by Timothy Moe, wrote in a Saturday note. The Goldman strategists said their views are supported by strong activity data seen in the previous quarter.
Aerial view of oil and gas jack-up rig at the yard for maintenance with many vessels in Singapore. Asia-Pacific markets largely rose on Monday as investors further digested key manufacturing data in the region. Brent crude futures and U.S. West Texas Intermediate crude futures (WTI) surged as much as 8% after OPEC+ members agreed to cut more than 1 million barrels per day to extend through the end of 2023. Australia's S&P/ASX 200 rose 0.66%, while in Japan, the Nikkei 225 opened 0.5% higher and the Topix rose 0.57%. On the other hand, the Hang Seng index looks to trade lower, with Hang Seng futures standing at 20,353 compared to the index's last close of 20,400.
Markets in the Asia-Pacific are set to trade higher on Friday as investors on Wall Street continued to shake off concerns of a further banking crisis. Markets also looked ahead to the U.S. personal consumption expenditure price index, the Federal Reserve's preferred measure of inflation, which is slated for release later in the day. In Australia, the S&P/ASX 200 rose 0.%73 in its first hour of trade. The Nikkei 225 rose 1.12% and the Topix rose 1.07% as Tokyo's inflation print continued to show lower levels from its recent peak of 4.3% seen in December. Hang Seng futures also pointed to a higher open at 20,563 against the index 's last close at 20,309.13.
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