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☆ European markets lose momentum, head toward flat open
▼ + stars: | 2024-03-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a flat open Wednesday as market momentum wanes. Regional markets closed higher Tuesday but are set to start today's session around the flatline. Investors will be keeping an eye out for Spanish inflation data and French consumer confidence figures for March on Wednesday, as well as a trading update from clothes retailer H&M . Elsewhere overnight, U.S. stock futures were up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Meanwhile, Asia-Pacific markets were mixed Wednesday as investors assessed economic data from China and Australia.

Locations: Asia, Pacific, China, Australia

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Friday, Feb. 16, 2024. Kosuke Okahara/Bloomberg via Getty ImagesAsia-Pacific markets were set to fall Tuesday as the U.S. market took a breather following a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting. "We're coming off of a post-FOMC high," he told CNBC, referring to the U.S. Federal Reserve's Federal Open Market Committee meeting last week. "The market is getting more and more vulnerable to a market decline or a pullback in prices." Investors in Asia also await economic data out of Southeast Asia, including Singapore's manufacturing output and Thailand's trade balance.

Persons: Kosuke Okahara, Sam Stovall Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Bloomberg, Getty Images, Federal, CFRA Research, CNBC, U.S, U.S . Federal Locations: Tokyo, Japan, Getty Images Asia, Pacific, U.S, U.S ., Asia, Southeast Asia

☆ European stocks head for mixed open as Wall Street rally takes a breather
▼ + stars: | 2024-03-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lackluster open Tuesday as investors continue to ponder last week's central bank policy decisions in Europe and the U.S. Regional markets had a tentative start to the new trading week Monday and the lack of momentum looks set to continue Tuesday. Today, investors in Europe, the Middle East and Africa will be keeping an eye out as Nigeria's central bank publishes its latest monetary policy decision, and as earnings come from Smiths Group, Ocado Retail, Bellway and A.G. Barr. Asia-Pacific markets were mixed Tuesday as the U.S. market took a breather after a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting. U.S. stock futures traded near the flatline Monday night, after the major averages took a breather from their rally.

Organizations: U.S . Regional, Smiths Group, Ocado, Federal Locations: Europe, East, Africa, Barr, Asia, Pacific, U.S

☆ Asia markets poised for mixed open as investors await inflation data from the region this week
▼ + stars: | 2024-03-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Roslan Rahman | AFP | Getty ImagesAsia-Pacific markets were set to open mixed as investors await a slew of inflation reports from the region. Singapore and Malaysia will release their February inflation reports on Monday, while Australia's inflation numbers will be out on Wednesday. Tokyo's inflation numbers are due Friday. The capital's inflation numbers are widely seen as a leading indicator of nationwide trends. Futures for Hong Kong's Hang Seng index stood at 16,515, pointing to a slightly stronger open compared with the HSI's last close of 16,499.47.

Persons: Roslan Rahman Organizations: AFP, Getty, Nikkei Locations: Sands, Singapore, Asia, Pacific, Malaysia, Australia, Chicago, Osaka

☆ European markets set to open lower as investors look ahead to Fed meeting
▼ + stars: | 2024-03-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a negative open Tuesday as global investors look ahead to the start of the U.S. Federal Reserve's two-day policy meeting. Recent inflation reports could prompt the central bank to signal that interest rates will remain higher for longer than expected. Fed funds futures currently forecast a 99% likelihood that the Fed will leave benchmark interest rates unchanged this week, according to the CME FedWatch Tool. Meanwhile, it's been a dramatic night for Asia-Pacific markets after investors assessed the latest central bank monetary policy decisions from the Bank of Japan and the Reserve Bank of Australia. The BOJ officially ended its negative interest rate policy at its March meeting, hiking interest rates for the first time in 17 years and raising its benchmark interest rate from -0.1% to a range of 0% to 0.1%.

Persons: it's Organizations: U.S, U.S . Federal, Bank of Japan, Reserve Bank of Australia Locations: U.S ., Asia, Pacific

☆ Asia markets poised to fall ahead of central bank decisions from Japan and Australia
▼ + stars: | 2024-03-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Kazuo Ueda, governor of the Bank of Japan (BOJ). Asia-Pacific markets were set to fall ahead of central bank monetary policy decisions from the Bank of Japan and the Reserve Bank of Australia. All eyes will be on the BOJ amid expectations that the central bank could end its negative interest rate policy after 17 years. Economists polled by Reuters expect the central bank to raise its rates to 0% from the current -0.1%. Separately, the RBA is forecast to hold its benchmark interest rate at 4.35% for its third meeting in a row.

Persons: Kazuo Ueda Organizations: Bank of Japan, Reserve Bank of Australia, Reuters Locations: Asia, Pacific

☆ European stocks set to open slightly higher as markets look ahead to Fed meeting
▼ + stars: | 2024-03-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lackluster start to the new trading week, with global investors looking ahead to the next monetary policy meeting of the U.S. Federal Reserve. The Fed will start its Federal Open Market Committee meeting on Tuesday with a police decision due the next day. A Reuters poll of economists is expecting the Fed to hold its benchmark interest rates steady at 5.25% to 5.5%. Overnight, Japan's Nikkei 225 index led gains in Asia-Pacific markets on Monday, while China shares extended gains after data showed its economy kicked off the year on a strong note. U.S. stock futures climbed on Monday morning.

Organizations: U.S . Federal Reserve, Open, Nikkei Locations: Asia, Pacific, China

The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Asia-Pacific markets were set for a mixed open Monday as investors brace for a week of central bank meetings. The U.S. Federal Reserve will start its Federal Open Market Committee meeting on Tuesday. A Reuters poll of economists is expecting the Fed to hold its benchmark interest rates steady at 5.25% to 5.5%. In Asia, the Reserve Bank of Australia is expected to keep its cash rate steady at 4.35% when it concludes its meeting on Tuesday.

Organizations: Bank of Japan, U.S . Federal Reserve, Open, Reserve Bank of Australia, Bank of England Locations: Tokyo, Asia, Pacific, Europe

☆ European markets set to open lower after hotter-than-expected U.S. inflation data
▼ + stars: | 2024-03-15 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

European markets were poised to open slightly lower on Friday as investors digested U.S. inflation data that dented confidence in the outlook for Federal Reserve interest rate cuts this year. U.S. inflation data is being closely monitored on Wall Street ahead of the Federal Reserve's two-day policy meeting starting next Tuesday. The central bank is widely expected to hold its benchmark interest rate next week, although market participants will be searching for clues about when and by how much the Fed could start cutting interest rates over the coming months. Asia-Pacific markets fell on Friday, led lower by Hong Kong's Hang Seng index. U.S. stock futures edged lower in overnight trading as investors sought to look beyond the latest inflation reading.

Persons: Philip Lane, Kong's Organizations: Federal Reserve, Federal, European Central Bank, CNBC, ECB Locations: U.S, Asia, Pacific

☆ Asia markets set to fall after hot U.S. inflation report; first estimates from Japan's wage negotiations expected
▼ + stars: | 2024-03-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty ImagesAsia-Pacific markets were set to fall after producer prices in the U.S. grew faster than expected in February, coming in at 0.6% last month. Excluding food and energy prices, core PPI climbed 0.3% in February. Economists polled by Dow Jones had expected a 0.3% gain for headline PPI and a 0.2% increase for the core reading. Investors in Asia will be watching out for any news from Japan's spring wage negotiations, with first estimates expected to come out later in the day.

Persons: Jiang Qiming, Dow Jones Organizations: People's Bank of China, China News Service, Getty Images China, Service, Getty, PPI, Nikkei, People's Bank of Locations: Beijing, China, Asia, Pacific, U.S, Chicago, Osaka, People's Bank of China, Australia

☆ Asia markets set for mixed open as Wall Street rally falters; India wholesale inflation on deck
▼ + stars: | 2024-03-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty ImagesAsia-Pacific markets are set for a mixed open after Wall Street's tech-fueled rally dissipated, with Nvidia falling 1.1%, Meta slipping 0.8% and Apple dropping 1.2%. On Thursday, investors will assess India's wholesale inflation, while also monitoring any news coming out of Japan's spring wage negotiations. Japan's wage negotiations wrapped up on Wednesday, with the first overall estimate due out on Friday. Japan's Nikkei 225 is set to fall following these reports as markets price in the possibility of the BOJ tightening policy.

Persons: Pratik Organizations: Hindustan Times, Getty, Nvidia, Apple, Bank of Japan, Japan's Nikkei Locations: Mumbai, India, Asia, Pacific, Chicago, Osaka, Australia

☆ European markets set for lower open ahead of another key U.S. inflation reading
▼ + stars: | 2024-03-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets were headed for a lower open Thursday with investors keeping an eye out for another key U.S. inflation reading for February. The producer price index, which measures wholesale inflation, is set for release before the U.S. trading session kicks off. Economists polled by Dow Jones anticipate headline PPI to have climbed by 0.3% in February, or 0.2% after excluding food and energy prices. The PPI report is the last major piece of economic data to be released prior to the U.S. Federal Reserve's next policy meeting on March 19-20. U.S. stock futures inched higher on Wednesday night while Asia-Pacific markets were largely range-bound on Thursday, with investors focused on Japan's spring wage negotiations and India's wholesale inflation data.

Persons: Dow Jones, Lisa Kailai Han Organizations: PPI, U.S, U.S . Federal Locations: U.S ., Asia, Pacific

☆ Asia markets set for positive open after U.S. stocks jump on inflation data
▼ + stars: | 2024-03-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. Asia-Pacific markets were mostly set to rise after Wall Street jumped overnight, following U.S. inflation data that largely met expectations. February U.S. consumer price index climbed 0.4% on the month and 3.2% year over year, the Bureau of Labor Statistics said on Tuesday. Economists polled by Dow Jones had forecast a 0.4% increase month on month and 3.1% year over year. Core inflation, which strips out food and energy from the headline reading, climbed 0.4% in February, compared to a forecast gain of 0.3%.

Persons: Dow Jones Organizations: Wall, of Labor Statistics Locations: Seoul, South Korea, Asia, Pacific

☆ European markets head for mixed open as investors digest U.S. inflation report
▼ + stars: | 2024-03-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a mixed open Wednesday as investors digested the latest U.S. inflation report. Regional markets extended gains on Tuesday after U.S. inflation figures for February showed a rise of 0.4% for the month and an increase of 3.2% from a year ago. U.S. stock futures were calm on Tuesday evening after the gains on Wall Street. Asia-Pacific markets were mixed overnight. Earnings are due from Inditex, Adidas and VW in Europe on Thursday, and data releases include euro zone industrial production figures for January.

Persons: Dow Jones Organizations: Nasdaq, Adidas, VW Locations: Asia, Pacific, Europe

☆ Asia markets set for mixed open ahead of Japan's corporate inflation; Nikkei poised to slide further
▼ + stars: | 2024-03-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

People commuting to work in the morning cross a pedestrian crossing in Tokyo on February 15, 2024. Asia-Pacific markets are set for a mixed open ahead of Japan's corporate inflation figures for February, as well as trade data from the Philippines. Japan's corporate inflation rate for January is expected to come in at 0.5%, according to a Reuters poll. Investors will also be keeping an eye on inflation figures out of India as well as the U.S. later Tuesday, which could give a clue as to when the Federal Reserve will cut interest rates.

Organizations: Federal Reserve Locations: Tokyo, Asia, Pacific, Philippines, India

☆ Asia markets poised to fall after Wall Street rally pauses; China exits deflation territory as prices rise
▼ + stars: | 2024-03-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were set to fall Monday after Wall Street's rally took a breather, with artificial intelligence darling Nvidia finishing down more than 5% in its worst session since late May. Separately, China recorded its first month of inflation in four months with the country's consumer price index climbing 0.7% year on year in February. In Australia, the S&P/ASX 200 started the week down 1.21%, retreating from its all-time high and snapping a three-day winning streak. Japan's Nikkei 225 is also set to fall, with the index likely slipping below the 39,000 mark for the first time since Feb. 21.

Persons: Wall Organizations: Bloomberg, Getty, CPI, Reuters, Nikkei Locations: Shanghai, China, Asia, Pacific, Australia, Chicago, Osaka

☆ European markets set to start the week on a negative note
▼ + stars: | 2024-03-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a negative open to start the new trading week, following declines in the Asia-Pacific region overnight. Japan stocks led losses in Asia-Pacific markets after the country averted a technical recession, paving the way for its central bank to raise rates, while investors also assessed China's inflation numbers. U.S. stock futures fell slightly Sunday night after the Dow Jones Industrial Average closed out its worst week since October. Investors are also looking ahead to inflation data due out later this week.

Organizations: Dow Jones Locations: Asia, Pacific, Japan

A man takes photos of a view showing residential and commercial buildings, from an observation deck beneath the YTN Seoul Tower, commonly known as the Namsan Tower, in Seoul on September 3, 2021. Asia-Pacific markets rose after comments from U.S. Federal Reserve Chair Jerome Powell hinted that interest rate cuts may not be too distant if inflation signals support policy easing. Speaking to the Senate Banking Committee, Powell didn't offer an exact timeline for rate cuts, but noted they would go down soon. "We're waiting to become more confident that inflation is moving sustainably at 2%. When we do get that confidence, and we're not far from it, it'll be appropriate to begin to dial back the level of restriction," Powell said in response to a question about rates and inflation.

Persons: Jerome Powell, Powell, we're Organizations: U.S . Federal, Senate Banking Locations: Seoul, Asia, Pacific, U.S

☆ Asia markets poised to rise after Wall Street rebound; trade data from Australia and China awaited
▼ + stars: | 2024-03-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty ImagesAsia-Pacific markets are set to rise as investors await trade data from Australia and China on Thursday. This also follows comments from U.S. Federal Reserve chair Jerome Powell, who reiterated his stance that while the central bank could start cutting rates, it is "not immediately ready." In Australia, the S&P/ASX 200 rose 0.14%, nearing its all time high of 7,745.6 hit on March 1. Futures for Hong Kong's Hang Seng index stood at 16,565, higher than the HSI's close of 16,438.09 and on pace to extend gains on Wednesday after it rose almost 2%.

Persons: Jerome Powell Organizations: Opera, Vivid, Anadolu Agency, Getty, U.S . Federal, Japan's Nikkei Locations: Sydney, Australia, Asia, Pacific, China, U.S, Chicago, Osaka

☆ Asia markets set for muted session; Apple suppliers to be watched after iPhone sales fall in China
▼ + stars: | 2024-03-06 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Investors are paying attention to the stock market at a securities business hall in Fuyang, China, on December 5, 2023. Asia-Pacific markets were set for a muted session Wednesday after a tech slide on Wall Street overnight led by Apple following a report that iPhone sales fell in China. Apple shares slipped almost 3% in U.S. trading after a report from Counterpoint Research found iPhone sales plunged in China in the first six weeks of 2024. Investors will monitor shares of Apple suppliers in Taiwan and South Korea, including Taiwan Semiconductor Manufacturing Company and Samsung. Investors will also be watching for fourth-quarter GDP data from Australia later in the day.

Organizations: Apple, Research, Taiwan Semiconductor Manufacturing Company, Samsung, CSI Locations: Fuyang, China, Asia, Pacific, Taiwan, South Korea, Australia

☆ European markets set for higher open ahead of UK budget statement
▼ + stars: | 2024-03-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a higher open Tuesday as investors in the U.K. prepare for the 2024 budget statement. The budget, which will be presented to the British Parliament by Chancellor Jeremy Hunt, outlines the government's plans for taxation and spending. They will be seeking more clarity on where the central bank stands on monetary policy and looking for clues on the pace and timing of anticipated interest rate cuts this year. The central bank leader will speak before the Senate Banking Committee on Thursday. Asia-Pacific markets were mixed Wednesday, with Hong Kong stocks leading gains in the region and up over 2%.

Persons: Chancellor Jeremy Hunt, Jerome Powell's Organizations: National Insurance, Nasdaq, Financial, CSI, Apple Locations: Asia, Pacific, Hong Kong, China

☆ Asia markets poised to slip ahead of Chinese government's report card at 'Two Sessions' meeting; gold sets new record
▼ + stars: | 2024-03-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Delegates attend the closing session of the Chinese People's Political Consultative Conference (CPPCC) in Beijing in 2022. Asia-Pacific markets were set to fall ahead of China's "Two Sessions" meeting, with investors watching out for its economic plans, including the country's gross domestic product growth target. Chinese Premier Li Qiang is expected to deliver the government's work report on Tuesday, though the traditional press conference with the premier has been scrapped. Separately, the Caixin services purchasing managers' index reading for China will be released later in the day. On the economic data front, investors also await South Korea's revised GDP numbers for the fourth quarter of 2023, as well as inflation figures from Japan's capital city of Tokyo.

Persons: Li Qiang Organizations: Political Consultative Locations: Beijing, Asia, Pacific, China, Tokyo

☆ European markets head for negative open as sentiment struggles ahead of ECB meeting
▼ + stars: | 2024-03-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a lower open as markets struggle to find positive momentum ahead of the European Central Bank meeting later this week. The ECB is expected to hold interest rates steady on Thursday even as inflation shows more signs of easing. Asia-Pacific markets are mixed as China's "Two Sessions" meeting got under way, with investors watching out for the details of its economic plans after the country projected a gross domestic product growth target of "around 5%" for 2024. The country is set to boost its defense spending by 7.2% in 2024. U.S. stock futures ticked lower Monday night after the Nasdaq Composite retreated from its record high.

Organizations: European Central Bank, ECB, Nasdaq Locations: Asia, Pacific

☆ European markets set for mixed open at the start of the new trading week
▼ + stars: | 2024-03-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the new trading week in mixed territory Monday. Last week, regional markets ended the week higher as investors assessed fresh inflation data out of the euro zone that showed the headline consumer price index fell to 2.6% in February, from January's 2.8%. Economists polled by Reuters had forecast a headline reading of 2.5%. In Asia-Pacific markets Monday, Japan's Nikkei 225 crossed the 40,000 mark, gaining 0.46% and setting a record high after the S&P500 and the Nasdaq Composite hit fresh all-time highs on Friday. U.S. stock futures were little changed Sunday night after the tech-heavy Nasdaq Composite posted a record-high Friday, breaking its 2021 record, as stocks attempt to continue their weeks-long rally.

Organizations: Reuters, Nikkei, Nasdaq, West Texas Locations: January's, Asia, Pacific, Saudi Arabia, Russia

☆ Asia markets set to bounce ahead of China manufacturing data
▼ + stars: | 2024-03-01 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

(Photo by Vernon Yuen/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesAsia-Pacific markets were set to bounce Friday after a subdued session as investors awaited manufacturing data from China. While most Asia stock markets were lower on Thursday, China's CSI 300 closed almost 2% higher at 3,516.08 ahead of its purchasing managers' index reading for February. Official data is expected to show manufacturing PMI at 49.1, according to a Reuters Poll forecast. The private Caixin manufacturing final PMI is expected to come in at 50.6. A PMI reading above 50 indicates expansion, while below that denotes a contraction.

Persons: Vernon Yuen Organizations: Getty, Nurphoto, China's CSI, PMI, Nikkei Locations: Hong Kong, China, Asia, Pacific, China's, Chicago, Osaka, Australia, Korea

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