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Search resuls for: "Jihye Lee Lim Hui Jie"


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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.
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.
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.
Yields, which move opposite price, were rising Thursday morning after the European Central Bank raised rates by a half percentage point. Yields moved even further after his report. Bleakley Financial's Peter Boockvar said the futures market moved to price in even higher odds of a Fed rate hike. On Wednesday, odds were about 50% for a quarter point rate hike, but in Thursday afternoon trading the odds jumped up to 86%. "Rate hike expectations have been rising all morning.
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.
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.
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.
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.
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 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.
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.
St. Louis Federal Reserve President James Bullard said Thursday that he pushed for a higher interest rate increase at the last meeting and could see a more aggressive move ahead. The policymaker said he advocated for a half percentage point rate increase at the Jan. 31-Feb. 1 Fed meeting and said he wouldn't rule out pushing for one at the March session. Cleveland Fed President Loretta Mester also said Thursday she wanted a higher increase than the quarter-point approved by the Federal Open Market Committee. Bullard added that he sees the larger economic trend moving toward disinflation, despite recent high readings for inflation. "In part due to front-loaded Fed policy during 2022, market-based measures of inflation expectations are now relatively low," Bullard said.
The Federal Reserve could move interest rates closer to 6%, said Dan Niles, founder of the Satori Fund. "I think the Fed, quite honestly, is going to get higher to 6% before they stop raising," Niles said on CNBC's "Tech Check." The central bank last hiked interest rates by 25 basis points at its meeting earlier this month. That moved the target rate for interest rates to between 4.5% and 4.75%. Market observers and participants have disagreed on when the Fed will stop raising interest rates.
"Milton Friedman said 12-18 months before you can get any effect on prices," Siegel said on CNBC's "Halftime Report" on Tuesday afternoon. And it's a process that the Fed has to let go through the market." To be sure, the finance professor added that he is less certain about a rate hike following January's "unbelievable" jobs report. "That would mean, more likely that the Fed would not reduce the rate as fast in the second half in the year. He added, "I don't think anyone including the Fed knows, because they plan their increases or decreases policy 10–14 days in advance.
Singapore will report the budget for the coming fiscal year on Tuesday, will probably reinforce longer-term investment priorities including digitalization, green energy transition, and health services for an ageing society. Photographer: Edwin Koo/Bloomberg via Getty ImagesAsia-Pacific shares are to trade higher as investors await the release of the U.S. consumer price index report, which will shape the Federal Reserve's path ahead. In Australia, the S&P/ASX 200 rose 0.63% in its first hour of trade as investors anticipate the release of the country's consumer sentiment survey for February. Nikkei 225 futures in Chicago were fractionally up at 27,720, while its counterpart in Osaka stood at 27,700, higher than its last close at 27,427.32. The Japanese yen stood at 132.33 against the U.S. dollar ahead of the Japanese government's expected nomination of its next Bank of Japan governor.
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