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☆ Asia-Pacific markets set to climb as region awaits slew of economic data
  + stars: | 2023-01-26 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: 1 min
Asia-Pacific shares are set to climb on Thursday as the region awaits the release of a slew of economic data. The Nikkei futures contract in Chicago was at 27,415 while its counterpart in Osaka was at 27,390. Both are higher compared to the Nikkei 225's last close at 27,395.01 as investors await the Bank of Japan's summary of opinions from last week's meeting. The Japanese yen last stood at 129.32 against the U.S. dollar.
☆ Exclusive: Blackstone in talks with Bain to sell $480 million stake in top Indian REIT
  + stars: | 2023-01-24 | by ( M. Sriram | ) www.reuters.com   time to read: +4 min
For Blackstone, it would mean a further selldown of its Embassy stake as it adjusts its portfolio. A spokesperson for Blackstone declined to comment while Bain Capital and Embassy did not respond to requests for comment. It owns and operates more than 43.2 million square feet of office parks and office buildings in cities such as Bengaluru and Mumbai and is also the largest office REIT in Asia by area. Blackstone currently owns 24% of the Embassy REIT, which has a market capitalisation of nearly $4 billion. That will be worth $400 million-$480 million based on Monday's closing price of the Embassy REIT on the stock exchange in Mumbai.
☆ Asia-Pacific markets set to rise as trade resumes after Lunar New Year holidays
  + stars: | 2023-01-24 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
Federal Reserve officials next week are almost certain to approve another deceleration in interest rate hikes while also discussing when to stop the increases altogether, according to a Wall Street Journal report. The rate-setting Federal Open Market Committee is set to convene Jan. 31-Feb. 1, with markets pricing in almost a 100% chance of a quarter-point increase in the central bank's benchmark rate. Most prominently, Fed Governor Christopher Waller said Friday he sees a 0.25 percentage point increase as the preferred move for the upcoming meeting. A series of rate hikes begun in March 2022 has resulted in increases of 4.25 percentage points. Market pricing is currently indicating quarter-point hikes at the next two meetings, a period of no action, and then up to a half-point reduction by the end of 2023, according to CME Group data.
☆ Asia markets to trade mixed ahead of Chinese economic data
  + stars: | 2023-01-17 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
People take photographs against a backdrop of the Shenzhen skyline at Lianhuashan Park in Shenzhen, China, on Friday, Nov. 20, 2020. Photographer: Yan Cong/Bloomberg via Getty ImagesAsia-Pacific markets were set for a mixed session Tuesday as investors await a slew of Chinese economic data. Economists are expecting a quarterly contraction of 0.8% in the nation's gross domestic product and 1.8% annualized growth, according to a poll by Reuters. China's industrial output is expected to expand 0.2% on an annualized basis, while retail sales are estimated to contract by 8.6%, according to economists polled by Reuters. In Australia, the S&P/ASX 200 fell 0.2% in its first hour of trade as the nation's Westpac consumer confidence rose 5% in December from 3% in November, Refinitiv data showed.
☆ Asia-Pacific markets set to trade mixed on cooled U.S. inflation outlook
  + stars: | 2023-01-16 | by ( Jihye Lee | ) www.cnbc.com   time to read: 1 min
People look at a smartphone in front of electronic boards displaying stock information inside the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia. Markets in the Asia-Pacific were set to trade mixed as expectations of cooled inflation in the U.S. lifted investor sentiment in the region. On Friday, the University of Michigan consumer sentiment survey showed the one-year inflation outlook fell to 4%, the third straight monthly decrease and the lowest level since April 2021. In Australia, the S&P/ASX 200 rose 0.5% in its first hour of trade. The Nikkei futures contract in Chicago was at 25,830 while its counterpart in Osaka was at 25,780 — lower than the Nikkei 225 's last close at 26,119.52.
☆ Asia-Pacific markets set to trade mixed after Nasdaq extends gains backed by technology
  + stars: | 2023-01-10 | by ( Jihye Lee | ) www.cnbc.com   time to read: 1 min
People pass along Ameyoko shopping street as they do end of year shopping on December 30, 2021 in Tokyo, Japan. Asia-Pacific markets were set to trade mixed after the Nasdaq Composite extended gains for a second day on Wall Street. Technology stocks helped the index skirt losses Monday as traders added to bets that inflation may be easing. The Nasdaq was the only major index to end the day up, boosted by a nearly 6% rally in Tesla . The Nikkei futures contract in Chicago was at 26,220 while its counterpart in Osaka was at 26,190 against the Nikkei 225's last close at 25,973.85.
☆ European markets head for lower open as investors gauge inflation outlook
  + stars: | 2023-01-10 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: 1 min
European markets are European markets are heading for a lower open as investors gear up for more inflation data later this week, with U.S. consumer price data for December due Thursday. Overnight in Asia-Pacific markets, stocks traded mixed after the Nasdaq Composite extended gains for a second day on Wall Street. Technology stocks helped the index skirt losses Monday as traders added to bets that inflation may be easing. U.S. stock futures were barely changed Monday evening.
☆ European markets set for positive open, buoyed by China reopening
  + stars: | 2023-01-09 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: 1 min
European markets are heading for a positive open at the start of the new trading week, with market sentiment buoyed by a further reopening of the Chinese economy. Asia-Pacific markets traded higher overnight as Hong Kong and mainland China resumed quarantine-free travel over the weekend, signaling the end of zero-Covid policy which kept borders effectively closed for nearly three years. Meanwhile, U.S. stock futures inched higher in overnight trading Sunday after the major averages notched their first big rally of the new trading year.
☆ Asia-Pacific markets set to rise as China reopens borders with Hong Kong
  + stars: | 2023-01-09 | by ( Jihye Lee | ) www.cnbc.com   time to read: +2 min
While some economists anticipate a half point hike after that meeting, traders in the futures market put greater odds on a smaller, 25 basis point hike. A basis point equals 0.01 of a percentage point. "It's pricing 100% chance of a 25 basis point hike, and a 30% chance for an additional 25. "The market is still expecting the Fed to go another 60, almost 70 basis points," he said. Boockvar said the end point for the Fed matters more than if it raises by 25 basis points or 50 when it next meets.
☆ Asia-Pacific markets trade mixed as Fed signals more pain ahead
  + stars: | 2023-01-06 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
South Korea's Kospi gained 0.16% despite Samsung Electronics reporting a nearly 70% fall in its final quart profits as expected . Markets in the Asia-Pacific traded mixed after the Federal Reserve signaled further rate hikes ahead. Japan is slated to release the latest Jibun Bank Composite Services purchasing manager's index reading. On Wall Street, the Dow closed 300 points lower as investors looked ahead to more jobs data scheduled to be released Friday stateside. Bed, Bath & Beyond shed nearly 30% after the company said it is short on cash and considering bankruptcy.
☆ Asia-Pacific markets, Fed minutes, inflation, PMI, Singapore retail, Caixin services
  + stars: | 2023-01-05 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
The Federal Reserve released the minutes from its Dec. 13-14 meeting, which showed central bank officials expect rates to be higher for "some time." "Participants generally observed that a restrictive policy stance would need to be maintained until the incoming data provided confidence that inflation was on a sustained downward path to 2 percent, which was likely to take some time," the meeting summary stated. "In view of the persistent and unacceptably high level of inflation, several participants commented that historical experience cautioned against prematurely loosening monetary policy." "A number of participants emphasized that it would be important to clearly communicate that a slowing in the pace of rate increases was not an indication of any weakening of the Committee's resolve to achieve its price-stability goal or a judgment that inflation was already on a persistent downward path," the minutes said.
☆ Asia-Pacific markets set to trade mixed as investors look ahead to Fed minutes
  + stars: | 2023-01-04 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
A woman walks at the Bund in front of the financial district of Pudong in Shanghai, China. The Nikkei futures contract in Chicago was at 25,800 while its counterpart in Osaka was at 25,790. Both are lower compared to the Nikkei 225 's last close at 26,094.50. Asia-Pacific shares are poised to trade mixed as investors look ahead to the Federal Reserve's meeting minutes for December, watching for signs of more interest rate hikes. In the day, investors look ahead to the release of the U.S. Job Openings and Labor Turnover Survey, better known as JOLTS, as well as the minutes of the Fed's latest policy meeting set to come out in the afternoon stateside.
☆ Asia-Pacific markets inch lower as region kicks off 2023
  + stars: | 2023-01-03 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
The public watch the first sunrise of the year during New Year's celebrations at a park on January 1, 2023 in Seoul, South Korea. Markets in Japan and New Zealand are closed for public holidays Tuesday. South Korea's Kospi fell 0.48% in its first session of the year on Monday, with the Kosdaq also falling 0.61%. Markets in Asia are set for a lower open as most of the region kicks off their first trading sessions for the year. The S&P 500 lost 19.4% for the year, the Nasdaq lost 33.1% and the Dow closed 8.8%.
☆ Asia-Pacific markets set to trade higher after Wall Street rebounds
  + stars: | 2022-12-30 | by ( Jihye Lee | ) www.cnbc.com   time to read: 1 min
Stocks in the Asia-Pacific are set to trade higher after Wall Street rebounded overnight, recovering most losses from the previous session. The S&P/ASX 200 in Australia rose 0.67%, carrying on the sentiment from the U.S. session. The Nikkei futures contract in Chicago was at 26,240 while its counterpart in Osaka was at 26,210 – higher than the Nikkei 225's last close at 26,093.67.
☆ Asia-Pacific markets set to fall, taking lead from Wall Street's losses
  + stars: | 2022-12-29 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: 1 min
Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets are set to fall, taking the lead from Wall Street's losses overnight as investors looked to the year ahead. The Nikkei futures contract in Chicago was at 26,095 while its counterpart in Osaka stood at 26,030 – both lower compared to the Nikkei 225's last close at 26,340.50. Hong Kong's further easing of Covid restrictions takes into effect today, with stocks related to re-opening being closely watched. South Korea's industrial production for November grew 0.4% after seeing four consecutive months of declines.
☆ Asia markets set to trade lower; China says it will end quarantine for inbound travelers
  + stars: | 2022-12-27 | by ( Jihye Lee | ) www.cnbc.com   time to read: 1 min
SHANGHAI, CHINA - JUNE 08: Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China. (Photo by Zhang Zhuoming/VCG via Getty Images)Asia-Pacific markets are set to fall as China officially announced overnight it will end quarantine for inbound travelers — symbolizing an end to its zero-Covid policy that it's held for nearly three years. Australia's S&P/ASX 200 fell 0.63%. The Nikkei futures contract in Chicago was at 26,400 while its counterpart in Osaka was at 26,370 – lower against the Nikkei 225's last close at 26,405.87.
☆ Asia-Pacific markets trade mixed as Japanese stocks see second day of losses
  + stars: | 2022-12-21 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
The Bank of Japan's surprise policy shift sent interest rates rising globally, as investors reacted to more evidence central bankers around the world will continue to pressure interest rates higher. I don't think there was anyone out there who expected it," said Ben Jeffrey, rate strategist at BMO. The announcement drove rates higher around the world, as yields on Japanese government bonds (JGBs) rose to 7-year highs. "They were definitely the last one standing in terms of being dovish, and now they're still dovish but less so," said Jeffrey. "It's obviously bearish JGBs and fixed income globally, but in the longer term it should help the yen which will make Treasurys more attractive to Japanese investors next year."
☆ Asia-Pacific markets mixed ahead of Bank of Japan's rate decision
  + stars: | 2022-12-20 | by ( Jihye Lee | ) www.cnbc.com   time to read: 1 min
Markets in the Asia-Pacific were mixed ahead of the Bank of Japan's interest rate decision. The central bank is expected to maintain its ultra-dovish monetary policy stance, according to a Reuters poll. Investors will be watching closely for any changes in language to its commitment to a 2% inflation target. The Japanese yen weakened 0.15% to stand at 137.10 against the U.S. dollar. The S&P/ASX 200 in Australia traded 0.66% lower in its first hour of trade.
☆ Recovery in Asia M&A, stuck at 8-year-lows, rests on macro conditions
  + stars: | 2022-12-19 | by ( Kane Wu | ) www.reuters.com   time to read: +4 min
Deals are set to revive slowly as companies and funds watch out for easier macroeconomic conditions, they said. "This will provide a more stable backdrop for the return of a more robust M&A market," said Maliah. Deals in private equity, a major M&A driver, amounted to $139 billion as of Dec. 15, down 52% on all of 2021. "Banks' ability to write big-size checks is still much challenged," said Samson Lo, UBS's co-head of Asia-Pacific M&A. An improvement in Asian equity capital market volumes from three-year lows will also help M&A deals, dealmakers said.
☆ Asia-Pacific markets mixed as recession fears grow, China vows to stabilize economy
  + stars: | 2022-12-19 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
San Francisco Federal Reserve President Mary Daly said Friday she sees the recent inflation news as welcome, but it's not enough to change her view on where policy needs to go. The October and November readings for the consumer price index amounted to "good news," but "we don't see anything right now but hope in the inflation data, and I get confidence in evidence, not hope. "We are far away from our price stability goal," she added. Daly, a nonvoter this year on the rate-setting Federal Open Market Committee, said her own expectations of where rates are headed is probably higher than current market pricing. Daly votes again in 2024.
☆ European markets expected to open higher as investors digest central bank announcements
  + stars: | 2022-12-16 | by ( ) www.cnbc.com   time to read: +1 min
European markets are expected to open higher Friday as investors process the raft of central bank decisions announced Thursday. The European Central Bank moved its key interest rate from 1.5% to 2% on Thursday and said it would start to shrink its balance sheet by around 15 billion euros ($15.9 billion) every month from March 2023 to the end of the second quarter of the year. The Bank of England and the Swiss National Bank also opted to increase their interest rates by 50 basis points as Europe tries to grapple with high inflation. The rate increases follow similar moves by the Fed, which raised its benchmark interest rate to the highest level in 15 years Wednesday. Asia-Pacific markets traded mostly lower as recession fears grow.
☆ Asia markets fall after Fed raises rates by 50 basis points, signals more hikes next year
  + stars: | 2022-12-15 | by ( Jihye Lee | ) www.cnbc.com   time to read: 1 min
Asia-Pacific markets traded lower after the U.S. Federal Reserve raised its benchmark interest rate by 50 basis points to the highest level in 15 years. The S&P 500 snapped a 2-day winning streak following the decision, with major averages hitting session lows after Fed Chair Jerome Powell signaled more data was needed before the central bank would meaningfully change its view on inflation.
☆ Asia-Pacific markets rise on cooler inflation print, ahead of Fed rate decision
  + stars: | 2022-12-14 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
People walk through Exchange Square in Hong Kong on October 28, 2022. Major lenders Standard Chartered and HSBC expressed confidence in the rebound of Hong Kong's and China's economy, even as China ramps up its Covid measures and Hong Kong's economy posted its worst quarter in more than two years. Asia-Pacific markets traded higher on Wednesday, after stocks on Wall Street saw a second day of gains on an inflation print that came in cooler than expected. The Hang Seng index in Hong Kong rose 0.6% in its final hour of trade. In Japan, the Nikkei 225 gained 0.72% to 28,156.21 while the Topix was 0.6% higher to 1,977.42.
☆ Asia-Pacific markets trade mixed investors weigh economic risks
  + stars: | 2022-12-08 | by ( Abigail Ng Jihye Lee | Abigail Ng | Jihye Lee | ) www.cnbc.com   time to read: +1 min
Don't be surprised if economic data coming out over the next week kicks off a rally into the end of the year and potentially 2023, according to Andrew Slimmon, Morgan Stanley Investment Management's senior portfolio manager. The key period of data releases begins Friday with the producer price index, followed by November's consumer price index and another likely rate hike from the Federal Reserve next week. "The last time those were released they all led to rallies in the stock market because we had better inflation prints," he said. Like many investors, Slimmon expects a downturn ahead, given the inverted yield curve, but does not anticipate the "big earnings collapse," or downturn, many people are predicting in the first quarter. This is in part due to the fact that many consumers have beefed up savings in recent years given the proximity of the most recent recession.
☆ Asia-Pacific markets fall after Wall Street slips; Australia's rate decision ahead
  + stars: | 2022-12-06 | by ( Abigail Ng | ) www.cnbc.com   time to read: +1 min
Australia's central bank is expected to raise its cash rate by 25 basis points to 3.1% on Tuesday, according to economists polled by Reuters. That would be the Reserve Bank of Australia's eighth hike this year, and the third consecutive hike of 25 basis points since October. In a statement following its November meeting, the RBA said "the full effect" of the series of cash rate hikes lie ahead. Meanwhile, Matt Simpson, senior market analyst at City Index, said there's potential for a pause in rate hikes further ahead. "Some measures of inflation expectations are moving lower, and the monthly inflation print suggests inflation has peaked."
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