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☆ European stocks set to open higher as banking concerns continue to ease
▼ + stars: | 2023-03-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Thursday as concerns over the banking sector ease. European stock markets were higher on Wednesday, as concerns over the health of the sector continued to wane; UBS shares were up 4.5% mid-afternoon yesterday after the bank announced Sergio Ermotti would return to his role as group CEO from April 5, following the recent acquisition of Credit Suisse. Shares of the bank ended the session 3.7% higher. Asia-Pacific markets were trading mixed on Thursday, with Australia's benchmark index hitting a two-week high as concerns on the recent banking turmoil in the U.S. and Europe ease. U.S. stock futures were little changed Wednesday night.

Hong Kong island and Victoria Harbour cityscape, viewed from Victoria Peak. In the foreground, the Bank of China tower and Cheung Kong Center skyscrapers. Asia-Pacific markets were trading mixed on Thursday with Hong Kong looking to extend its gains. On Wednesday, Hong Kong markets gained over 2%, led by China's tech giant Alibaba on news of its major shakeup. South Korea's Kospi was up fractionally, while the Kosdaq index gained 0.54%.

☆ European markets head for a broadly higher open, but doubts linger over banking sector
▼ + stars: | 2023-03-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a broadly higher open Wednesday, but the expected lukewarm open suggests doubts remain for investors as to the overall health of the banking sector. Regional markets closed mixed Tuesday, with investors seemingly in a holding pattern after a serious bout of market volatility. Asia-Pacific markets were mostly higher on Wednesday as Alibaba's Hong Kong-listed shares spiked at the open after the Chinese tech giant announced it will split into six business groups. U.S. stock futures ticked higher on Tuesday night after the major averages declined on the back of higher bond yields.

Chinese technology stocks such as Alibaba and Tencent have been hammered in 2022 as regulatory pressure and a slowing Chinese economy weighed on growth. But investors are starting to feel slightly more optimistic toward Chinese tech giants in 2023. Asia-Pacific markets were mixed on Wednesday as investors will keenly watch Alibaba's Hong Kong-listed shares, after the Chinese tech giant announced it will split into six business groups. In Japan, the Nikkei 225 opened marginally lower, but the Topix rose 0.13%. South Korea's Kospi fell fractionally, while the Kosdaq index rose 0.03%.

☆ European markets head for higher open as investors hope volatility has passed
▼ + stars: | 2023-03-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open on Tuesday, continuing positive momentum as investors in the region hope that recent market volatility has come to an end. European stocks were higher at the start of the new trading week, with cautious optimism returning after a sharp loss in last Friday's session. Overnight, Asia-Pacific markets were largely positive on Tuesday as investor fears over recent banking sector turmoil continued to show signs of easing. U.S. stock futures inched higher in overnight trading after the S&P 500 posted its third positive session in a row Monday.

Asia-Pacific markets were higher on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing. In Australia, the S&P/ASX 200 rose 1.11%. Japan's Nikkei 225 was up 0.3%, while the Topix saw a larger gain of 0.57% in early trading. Hong Kong's Hang Seng index was also looking to trade higher, with futures standing at 19,638 compared to the index's last close of 19,567,69. Elsewhere, South Korea will release its consumer sentiment index for March, while Australia will see its retail sales data for February.

A Cruise Ship next to Hong Kong Skyline on March 21, 2023 in Hong Kong, China. (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets were mixed on Monday as investors continue to assess the impact of the banking troubles in the U.S and Europe. On Friday, Deutsche Bank saw a selloff of its U.S.-listed shares, after the German lender's credit default swaps jumped, without an apparent catalyst. In Australia, the S&P/ASX 200 rose 0.26%, while Japan's Nikkei 225 also opened 0.15% higher and the Topix climbed 0.21%. Hong Kong markets were also poised to fall, with Hang Seng futures trading at 19,864 compared to 19,915.68.

Asia-Pacific markets point to a negative open Friday, as investors weigh remarks from U.S. Treasury Secretary Janet Yellen, who said federal emergency actions to back up failed regional banks could be used again if necessary. This conveyed a different message compared to Yellen's remarks a day earlier, when she told senators that the Treasury was not considering any plans to insure all U.S. bank deposits without congressional approval. In Australia, the S&P/ASX 200 was 0.59% lower, while in Japan, the Nikkei futures contract in Chicago was at 27,120, and its counterpart in Osaka was at 27,110 against the Nikkei 225's last close at 27,419.61 . Japan saw its core inflation come in at 3.1% for March, the first time the pace of inflation had slowed since January 2022, while headline inflation was at 3.3%. Both Japan and Australia will release PMI estimates for March, for the manufacturing and services sectors.

Asia-Pacific markets are headed for a fall on Thursday, following Wall Street reaction overnight after the U.S. Federal Reserve hiked rates by another 25 basis points. The central bank's kept its terminal rate forecast at 5.1%, which means that only one more rate hike is expected this year before rates peak. In Australia, the S&P/ASX 200 dropped 0.77%, and Japanese markets are set to follow in the same direction. The Nikkei futures contract in Chicago at 27,040, and its counterpart in Osaka at 27,010, compared to the Nikkei 225's last close at 27,466.61. However, the Hang Seng index looks set to buck the trend and open higher, with Hang Seng futures at 19,762 compared to the index's last close at 19,591.43.

☆ European markets set to open lower as investors weigh Fed's comments and rate hike
▼ + stars: | 2023-03-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a negative open Thursday as investors digest the latest interest rate hike by the U.S. Federal Reserve and comments from Fed Chair Jerome Powell. The U.S. central bank hiked rates by another 25 basis points on Wednesday and expressed caution about the recent banking crisis. Asia-Pacific markets were mixed on Thursday after Wall Street's negative reaction to the Fed's move. In Europe Thursday, the Bank of England will also be announcing its latest interest rate decision. Many analysts expect a 25 basis point hike.

☆ European markets head for higher open; investors await Fed's next move on interest rates
▼ + stars: | 2023-03-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Wednesday, with investors around the world focusing on the U.S. Federal Reserve as its Federal Open Market Committee concludes a two-day meeting and prepares to announces its latest decision on interest rates. The U.S. central bank is attempting to strike a balance between fighting inflation and stemming a banking crisis. Most investors expect the central bank to stay committed to tightening and to raise rates by 25 basis points. Asia-Pacific markets rose on Wednesday, while U.S. stock futures were little changed Tuesday evening as investors braced themselves for the Fed's next move.

A sign is posted on the exterior of a First Republic Bank office on March 16, 2023 in San Francisco, California. Asia-Pacific markets rose on Wednesday as investors looked ahead to the U.S. Federal Reserve's latest update on its rate hike decision, as the central bank attempts to balance its inflation fight and stem a banking crisis. Japanese markets led gains in the region, with the Nikkei 225 up 1.54% and the Topix higher at 1.77% after breaching the 2% level earlier. In Australia, the S&P/ASX 200 rose 0.9%, while in South Korea, the Kospi rose 0.67% and the Kosdaq advanced 0.78%.

SYDNEY, AUSTRALIA - A person jogging passes the Sydney Opera House as the rising sun reflects off buildings in the central business district (CBD) on September 28, 2021 in Sydney, Australia. Asia-Pacific markets are set to rise after markets on Wall Street staged a relief rally on the hopes that the banking crisis is easing, following the $3.2 billion takeover of Swiss bank Credit Suisse by rival UBS. U.S. Federal Reserve's Federal Open Market Committee meeting kicks off later today stateside, with the central bank expected to approve a quarter-percentage-point interest rate increase, according to market pricing and many Wall Street experts. Markets in Japan are closed for a holiday. Stocks in Hong Kong are poised to rise, with Hang Seng futures at 19,166 – compared to the index's last close at 19,000.

☆ European stocks set for positive open as market nerves settle after banking turmoil
▼ + stars: | 2023-03-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open on Tuesday as investor nerves settle following UBS' takeover of rival bank Credit Suisse. On Monday, European markets fluctuated, with the pan-European Stoxx 600 index lower in the first hours of trade before moving into positive territory. UBS agreed on Sunday to buy rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) in an emergency rescue deal. Credit Suisse shares plunged 54% on Monday at one point, while UBS climbed from losses to a 3.8% gain. Overnight, Asia-Pacific markets rose on Tuesday after Wall Street staged a relief rally overnight on hopes the banking crisis may be easing after the takeover of Credit Suisse.

Pictured here is Shanghai's Lujiazui Financial District on June 7, 2022. Asia-Pacific markets are headed for a fall on Monday after UBS agreed to buy its banking rival Credit Suisse in a $3.2 billion takeover over the weekend. Asian markets will also be expecting several economic releases, such as China's loan prime rate and export data out of South Korea later today. In Japan, markets look to open sharply lower, as the Nikkei futures contract in Chicago stood at 26,945 and its counterpart in Osaka was at 26,700, against the Nikkei 225 last close at 27,333.49. In Australia, the S&P/ASX 200 fell 0.76%, with shares of all of its major banks slightly down.

☆ Asia Pacific markets dip after UBS rescue of Credit Suisse
▼ + stars: | 2023-03-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Asia Pacific markets edged slightly lower on Monday morning as investors reacted to news of a Credit Suisse bailout by its bigger rival UBS. In Hong Kong, the Hang Seng Index (HSI) tumbled 1.5% at its opening. On Sunday, Switzerland’s biggest bank, UBS (UBS), agreed to buy Credit Suisse (CS) in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month. “Volatility in Australian financial markets has picked up,” he told a conference Monday. Dow futures and S&P futures each rose 0.6%, while Nasdaq futures ticked up 0.4%.

Asia-Pacific markets are set to fall on Thursday as fears persist of a widespread banking crisis spreading into Europe, sparked by the turmoil around global bank Credit Suisse. In Asia, the Australian S&P/ASX 200 fell 1.78%, dragged by miners and the banking sector. The country will release its unemployment rate for February, forecast to come in at 3.6%. In Japan, the Nikkei futures contract in Chicago was at 26,625, while its counterpart in Osaka was at 26,480 against the Nikkei 225's last close at 27,229.48. Japan will release its trade balance data for February, with exports and imports expected to grow at 7.1% and 12.2% respectively.

A pedestrian along the Bund in Shanghai, China Photographer: Qilai Shen/Bloomberg via Getty ImagesAsia-Pacific markets are set to rise on Wednesday following a slightly cooler U.S. inflation report and as the fallout in the banking sector seemed to be contained. The U.S. consumer price index report for February came in at 0.4% and an annualized increase of 6%, in line with Dow Jones estimates. In Australia, the S&P/ASX 200 rose 0.64% as bank stocks rallied early in the trading day. In Japan, the Nikkei futures contract in Chicago was at 27,225, and its Osaka counterpart stood at 27,190 against the Nikkei 225's last close at 27,222.04. Investors will be closely watching a slew of economic data releases from China today, with the country set to release its retail sales and industrial output numbers for February, as well as its one year medium term lending rate for March.

☆ European markets head for lukewarm open after Wall Street bank stocks rebound
▼ + stars: | 2023-03-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lukewarm open Wednesday, with European stocks expected to be in mixed territory. That comes despite buoyant trade in Asia-Pacific markets overnight and on Wall Street Tuesday, where U.S. bank stocks rebounded on optimism that the contagion risk from Silicon Valley Bank's collapse was contained. U.S. stock futures were flat early Wednesday morning. The U.K. is gearing up for Chancellor Jeremy Hunt's "Spring Budget" today in which he's expected to announce key pension and child-care reforms as the country continues to battle a cost of living crisis.

The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Asia-Pacific markets are set to fall on Tuesday, mirroring losses on Wall Street overnight as investors continue to grapple with the banking fallout in the U.S. The Dow Jones Industrial Average saw its fifth straight day of losses, even as a plan to backstop all the depositors in failed Silicon Valley Bank, along with other extraordinary measures, failed to boost bank shares. In Australia, the S&P/ASX 200 fell 0.75%, largely led by losses in the banking sector. In Japan, the Nikkei futures contract in Chicago was at 27,365, while its counterpart in Osaka was at 27,230 against the Nikkei 225's last close at 27,832.96.

Storm clouds are seen over the city skyline on October 01, 2021 in Sydney, Australia. Asia-Pacific markets traded lower on Monday, as U.S. regulators announced plans to backstop both depositors and financial institutions associated with Silicon Valley Bank, seen as a move to stem further systemic risk. Silicon Valley Bank last week was shuttered by regulators, after customers withdrew a staggering $42 billion of deposits by the end of Thursday. In Australia, the S&P/ASX 200 fell 0.24%, while Japanese markets opened lower. The Nikkei futures contract in Chicago was at 27,635, while its counterpart in Osaka was at 27,530 against the Nikkei 225's last close at 28,143.97.

☆ European markets head for positive open as investors keep an eye on Silicon Valley Bank fallout
▼ + stars: | 2023-03-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a higher open Monday as global investors focus on U.S. regulators trying to limit the fallout of the Silicon Valley Bank collapse. U.S. stock futures jumped Sunday evening after regulators announced a plan to backstop all the depositors in the failed bank and make additional funding available for other banks. On Friday, Silicon Valley Bank was taken over by regulators after massive withdrawals a day earlier created a bank run. Elsewhere Sunday, U.S. regulators shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. Asia-Pacific markets traded mixed on Monday as investors reacted to the latest move be U.S. regulators to stem further systemic risk.

☆ Barclays upgrades United Airlines, sees stock surging more than 50%
▼ + stars: | 2023-03-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Shares of United Airlines could be in for big gains, according to Barclays. To be sure, Oglenski noted the likelihood of "pushback" on his upgrade of United shares. Barclays also noted that the ongoing rebound in long-haul international travel will spur outsized benefits for United in 2023. United shares have soared 38.2% year to date, continuing a 48% rally during the past 12 months. UAL 1Y mountain United Airlines shares surged during the past 12 months —CNBC's Michael Bloom contributed to this report.

☆ Asia-Pacific markets set to fall ahead of crucial U.S. jobs data, Bank of Japan decision
▼ + stars: | 2023-03-10 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

Horizontal cityscape against clear sky at Tokyo bay area. Illuminated skyscrapers and Tokyo Tower in the dusk. Stocks in the Asia-Pacific are set to fall on Friday, as investors await the closely watched February non-farm payrolls report from the U.S. that could further determine the direction on the Federal Reserve's rate hikes ahead. In Australia, the S&P/ASX 200 opened with sharp losses, tumbling 1.5% — continuing the selloff seen in the U.S. The Nikkei futures contract in Chicago was at 28,095 while its counterpart in Osaka was at 28,000 against the Nikkei 225's last close at 28,623.

☆ Asia-Pacific markets poised to fall as Powell hints at higher rates
▼ + stars: | 2023-03-08 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Storm clouds are seen over the city skyline on October 01, 2021 in Sydney, Australia. In Australia, the S&P/ASX 200 was down 0.67% as investors digest Reserve Bank of Australia's governor Philip Lowe's speech after the bank's 25 basis point hike the day before. The Nikkei futures contract in Chicago was at 28,200 while its counterpart in Osaka was at 28,210. Both are lower compared to the Nikkei 225's last close at 28,309.16. The Hang Seng futures was at 20,314, a lower figure compared to the Hang Seng index 's last close at 20,534.48.

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