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☆ European markets set to open lower after Powell's comments
▼ + stars: | 2023-03-08 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lower open Wednesday as investors react to the latest comments from the U.S. Federal Reserve's Chairman Jerome Powell indicating interest rates may need to go higher for longer. Powell spoke before the Senate Banking, Housing and Urban Affairs Committee on Tuesday and cautioned lawmakers that the central bank's terminal rate will likely be higher than previously anticipated because of stubbornly high economic data in recent weeks. Major stock indexes fell following Powell's comments. On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. U.S. stock futures were mixed on Wednesday's morning, while in Asia-Pacific markets, Hong Kong shares dropped more than 2%.

☆ European markets head for mixed open as investors await Fed chair's comments
▼ + stars: | 2023-03-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a mixed open Tuesday, reflecting similar trade in Asia-Pacific markets overnight as traders looked ahead to Federal Reserve Chair Jerome Powell's congressional testimony on Tuesday and Wednesday. Investors will be listening in to the comments from Powell for clues on the central bank's next moves on rate-hiking as well as the state of the economy.

☆ New Carlsberg CEO’s task: stay ahead of Heineken
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 7 (Reuters Breakingviews) - Carlberg’s (CARLb.CO) new boss may struggle to maintain its newfound fizz. The $21 billion Danish brewer revealed on Tuesday that Chief Executive Cees 't Hart will retire after eight years at the helm. The company now trades at nearly 11 times its expected EBITDA for 2023 according to Refinitiv data, a premium to arch rival Heineken (HEIN.AS). In 2022, Heineken grew revenue in its Asia-Pacific market by 70%, while Carlsberg’s sales in the region rose by 22%. If the new boss can’t keep pace, Carlsberg shareholders will face a painful hangover.

☆ Europe markets set to open higher as investors digest Fed comments, inflation data
▼ + stars: | 2023-03-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European markets were on course to open higher Friday, extending the previous session's gains as investors take stock of the slew of economic data published this week. Across Europe, inflation data came in hotter than expected. A flash estimate for the euro zone showed headline inflation eased from 8.6% to 8.5%, but this was above a consensus estimate; while core inflation rose from 5.3% to 5.6%. However, in a separate speech, Fed Governor Christopher J. Waller raised the possibility of a higher terminal rate if inflation does not cool, citing January's bumper payrolls report. Asia-Pacific markets were mostly higher Friday, while U.S. stock futures nudged lower.

Asia-Pacific markets are set to rise on Friday after Wall Street's rally overnight as investor concerns over higher U.S. interest rates continued to linger. Japanese markets are set to open higher, with the Nikkei futures contract in Chicago at 27,710, and its counterpart in Osaka at 27,700 against the Nikkei 225's last close at 27,498.87. Key economic data is set to come out across the region, with Japan seeing its unemployment rate for January come in at 2.4%, the lowest level since February 2020. The country will also see the release of its services purchasing managers index for February by au Jibun Bank. China will release its services PMI data for February from Caixin, while a private survey on factory activity for February will be out in India on Friday.

Seoul city skyline and landmark Namsan tower (Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)Asia-Pacific markets are set to trade mixed as U.S. treasury bond yields briefly topped 4% overnight on Wall Street, weighing equities down. In Australia, the S&P/ASX 200 opened 0.21% higher on Thursday after seeing a marginal dip on Wednesday. in Japan, markets are headed for a lower open as the Nikkei futures contract in Chicago stood at 27,485, while its counterpart in Osaka was at 27,480 against the Nikkei 225's last close at 27,516.53. South Korea will release its factory activity for February from S&P Global, following news that its industrial output fell 12.7% in January on an annualized basis, lower than analysts expectations of 8.9%. Singapore is also expected to release its factory activity data for February.

☆ European markets head for modestly higher open, continuing muted trend seen this week
▼ + stars: | 2023-03-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a modestly higher open, continuing the lackluster trend seen on Tuesday when regional markets closed lower after a mostly muted session. U.S. stock futures inched downward overnight as investors came off a losing month. In Asia-Pacific markets, stocks mostly rose as investors digested a slew of key economic data across the region. China's National Bureau of Statistics also reported its official manufacturing purchasing managers' index rose to 52.6 in February, the highest since April 2012.

Asia-Pacific markets are headed for lower open on Wednesday as investors await a slew of key economic data across the region. In Australia, the S&P/ASX 200 was down 0.54% as the country reports its gross domestic product data for the fourth quarter of 2022 and the full year. In Japan, the Nikkei futures contract in Chicago was at 27,400, while its counterpart in Osaka was at 27,420 against the Nikkei 225's last close at 27,445.56. China, India and Japan will also all see their factory activity numbers for February come in. Elsewhere, South Korean markets are closed due to the country's independence day, but it expected to release its preliminary estimates for its trade numbers in February, as well as its industrial output figures for January.

☆ European markets head for a positive open, tracking modest gains on Wall Street
▼ + stars: | 2023-02-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a higher open Tuesday, continuing a positive trend set on Monday — one that came after regional markets posted steep declines last week. Sterling rose 0.9% against the U.S. dollar on the news Monday, hitting a session high of around $1.2051. Markets have also been buoyed by an uptick on Wall Street on the final trading day of February, a month that has seen declines for major U.S. indexes. U.S. stocks rose on Monday, however, as traders tried to recover some ground after the worst week of the year on Wall Street. Meanwhile, Asia-Pacific markets were mostly higher on Tuesday as investors digested key economic data across the region.

The Sydney Opera House, foreground, and buildings in the financial district stand illuminated at dusk in Sydney, Australia Photographer: Cole Bennetts/Bloomberg via Getty ImagesAsia-Pacific markets are set to rise on Tuesday ahead of key economic releases in the region. Japan will release its retail sales data on Tuesday, which is expected come in higher at 4%, according to economists. In Australia, the S&P/ASX 200 rose 0.35% ahead of its January retail sales data release. Economists expect retail sales to come in at 1.5% higher compared to December. India will release its gross domestic product figures for the fourth quarter of 2022 later today, forecasted to show a 4.6% rise.

☆ Asia markets set to fall after Wall St logs worst week for the year
▼ + stars: | 2023-02-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The Tokyo Tower, center, stands illuminated in Tokyo, Japan, on Wednesday, Oct. 23, 2019. Under Abenomics, as its known, the price goal was supposed to be achieved in just two years. Photographer: Keith Bedford /Bloomberg via Getty ImagesAsia Pacific markets are set to start the week lower on Monday after major indexes on Wall Street recorded their worst week for 2023. In Australia, the S&P/ASX 200 opened 0.95% lower, while Japanese markets are also headed for a lower open. Japan will also release its unemployment numbers later in the week.

REUTERS/Florence Lo/Illustration/File PhotoHONG KONG, Feb 27 (Reuters) - JPMorgan (JPM.N) is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with a level of about 43% in its existing JPMorgan Asia credit index (.JPMACI) (JACI) in which China is the largest component, according to one person with direct knowledge of the matter. JACI is a premier Asia credit index, tracked by fund managers controlling more than $85 billion worth of assets, according to the January proposal. INDEX RESHUFFLEThe proposal to reduce China weighting came after some fund managers pushed JPMorgan to cut JACI's China debt exposure, two sources said, as its poor performance dragged down popularity of the passive products that track the index. Jane Cai, a fixed income portfolio manager at China Asset Management (Hong Kong), said at a media briefing this month that JPMorgan was also internally discussing an ex-China Asia credit index.

☆ European markets set to open higher ahead of economic data releases
▼ + stars: | 2023-02-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

European markets were set to open higher Friday, as investors prepare for data releases and more company earnings. A survey found British consumers have turned slightly more optimistic on their personal finances and the economic outlook. Releases later in the day will include U.S. data on personal income, new home sales and consumer spending. A poll of equity analysts published by Reuters on Thursday suggested global stock markets will continue to be volatile as market interest rate pricing moves higher. Asia-Pacific markets were mixed on Friday, with Chinese and Hong Kong indexes falling but Japan's Nikkei 225 climbing.

Asia Pacific markets are set to open mixed on Friday as investors await key U.S. economic data, as well as developments in Japan. In Australia, the S&P/ASX 200 's opened fractionally lower, while Japanese markets are set to trade higher. Japan's consumer price index is expected to come in on Friday, with economists forecasting a CPI figure of 4.2%. In Southeast Asia, Malaysia is expected to see its CPI numbers for January released in the afternoon. Singapore will also await its January manufacturing output figures, expected to come in at 2.9% on an annualized basis.

☆ Asia-Pacific markets mixed as investors digest Fed minutes
▼ + stars: | 2023-02-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

"Singapore's external sector had another very tough month in January, and we doubt this marks the bottom," an economist said. Asia Pacific markets opened mixed on Thursday after the U.S. Federal Reserve released the minutes of its most recent meeting that showed central bank members are still committed to fighting inflation with rate hikes. The S&P/ASX 200 opened 0.21% lower, while the South Korean Kospi started the day 0.5% higher and the Kosdaq rose 0.45% higher. A poll of 42 economists expect the Bank of Korea to hold its lending rate at 3.5%. Hong Kong and Singapore are expected to release their consumer price indexes, with Singapore's CPI expected to come in at 7.1% for January.

☆ European markets head for positive open as investors react to Fed minutes
▼ + stars: | 2023-02-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open Thursday as investors digested minutes released by the U.S. Federal Reserve that showed members are still committed to fighting inflation with interest rate hikes. Inflation "remained well above" the Fed's 2% target and the labor market "remained very tight, contributing to continuing upward pressures on wages and prices," according to the minutes. Asia-Pacific markets were mixed on Thursday after the Fed release, while U.S. stock futures ticked higher Wednesday evening.

Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. Asia-Pacific markets are set to open mixed on Wednesday as investors look ahead to key economic data across the region. Japan's Nikkei 225 fell 0.7% as investors further digested the nation's producer price index that rose 1.6% on an annualized basis. Economists expect it to come in at 3.5% in the fourth quarter on an annualized basis , according to a Reuters poll. In New Zealand, the S&P/NZX 50 Index fell 0.64%, ahead of the central bank's interest rate hike decision.

View of the Yarra River flowing through Melbourne city centre in Australia. Asia-Pacific markets are set to fall on Tuesday as investors await regional private surveys for factory activity. The PMI index encompasses services and manufacturing, and is seen as a reliable gauge of economic health. Reserve Bank of Australia will release minutes from its February policy meeting, when it hiked interest rates by 25 basis points to 3.35%. In Japan, the Nikkei 225 fell 0.16% and the Topix was marginally lower ahead of the au Jibun Bank Flash Japan Manufacturing PMI.

☆ Asia markets set to trade mixed ahead of economic data releases in week
▼ + stars: | 2023-02-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set to trade mixed on Monday, as investors look ahead to crucial economic data releases later in the week. Minutes for the U.S. Federal Open Market Committee (FOMC) is slated to be released Wednesday. In Australia, the S&P/ASX 200 opened fractionally lower as minutes from the Reserve Bank of Australia is scheduled to be released Tuesday. The Nikkei futures contract in Chicago was at 27,480 while its counterpart in Osaka was at 27,510 against the Nikkei 225's last close at 27,513,13.

☆ European markets expected to open lower after week of key data
▼ + stars: | 2023-02-17 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: 1 min

European markets are expected to open lower Friday as investors continue to assess the impact of inflation and production data from the U.S. and U.K. and company earnings. The pan-European Stoxx 600 index closed slightly higher Thursday after a choppy session that saw France's CAC 40 index hit an all-time intraday high. In the U.S., wholesale prices rose 0.7% in January, which was more than expected and encouraged fears over the country's stubbornly high inflation metrics. U.S. stock futures slipped Thursday night on the news. Asia Pacific markets traded lower on Friday as investors digested more economic data out of the U.S. and more hawkish commentary from the Federal Reserve.

☆ European markets open lower after key inflation data
▼ + stars: | 2023-02-15 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: 1 min

The blue-chip index was down 0.3% around market open, with most sectors and major bourses opening in the negative. U.K. CPI data showed inflation fell for the third month in a row January to hit 10.1%, according to the Office for National Statistics, below Reuters economists' expectations of 10.3%. U.S. inflation inflation grew slightly more than expected Tuesday, and by late afternoon the European index had rebounded to trade 0.6% higher before paring gains to just 0.1%. Internationally, markets responded to the hotter-than-expected U.S. CPI data. Asia-Pacific markets traded lower Wednesday on the news, while U.S. stock futures slipped on Tuesday night.

☆ Asia-Pacific markets trade mixed ahead of China's inflation data: Live updates
▼ + stars: | 2023-02-10 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

BEIJING, CHINA - MAY 27: A general view of the skyline of the central business district at sunset on May 27, 2020 in Beijing, China. Asia-Pacific markets traded mixed on Friday, following moves on Wall Street and ahead of China's inflation data. Economists polled by Reuters are expecting to see core prices in China rise by 2.2% on an annualized basis. In Australia, the S&P/ASX 200 fell 0.68% in its first hour of trade as investors await the Reserve Bank of Australia's statement on monetary policy. Earlier this week, the central bank raised its benchmark interest rates by 25 basis points to 3.25%.

☆ Asia-Pacific markets fall as investors weigh risks of more hikes ahead
▼ + stars: | 2023-02-09 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Fed Governor Christopher Waller on Wednesday talked tough on inflation, warning that the fight is not over and could result in higher interest rates than markets are anticipating. Consequently, he said the Fed needs to maintain its current plan of action, which has seen eight interest rate hikes since March 2022. "We are seeing that effort begin to pay off, but we have farther to go," Waller told the Arkansas State University Agribusiness Conference in prepared remarks. "And, it might be a long fight, with interest rates higher for longer than some are currently expecting. But I will not hesitate to do what is needed to get my job done."

☆ Asia-Pacific markets mixed as Fed says inflation on the decline
▼ + stars: | 2023-02-08 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

People shopping along the streets of Shinsaibashi in Osaka, Japan. Asia-Pacific markets traded mixed on Wednesday, as Federal Reserve Chairman Jerome Powell overnight acknowledged that inflation is declining — a sign the central bank may soon pause its rate hikes. The S&P/ASX 200 climbed 0.3% in its first hour of trade, as investors further digested the Reserve Bank of Australia's 25 basis point hike on Tuesday, largely in line with expectations but including hawkish commentary. The Nikkei 225 fell 0.34%, dragged down by declining shares of Nintendo and Softbank after posting disappointing results – the Topix gained 0.12%. The Kospi in South Korea rose 0.68% and the Kosdaq rose 0.63%.

☆ Asia-Pacific markets trade mixed as investors digest Fed's smaller quarter-point hike
▼ + stars: | 2023-02-02 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Foreign currency dealers work in a dealing room of Hana Bank in Seoul, South Korea, on Monday, Jan. 3, 2022. South Korea's Kospi advanced as much as 1.1% on the first trading day of 2022 on foreign purchases. South Korea's Kospi rose 0.9% and the Kosdaq gained 1.16%. South Korea's consumer price index rose 5.2% in the first month of 2023 on an annualized basis, ticking upward for the first time in three months, government data showed. The Korean won stood at 1,221.18 against the U.S. dollar while the dollar index fell by a percent to stand at 101.08.

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