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European markets dipped for a second straight session on Wednesday, as last year's rally continues to stutter. The Stoxx 600 index provisionally closed 0.17% lower, with sectors trading in mixed territory. Mining stocks remained one of the week's worst performers, down 1.07%, while media stocks rose 0.75%. Asia-Pacific markets mostly turned lower overnight, although Japan stocks extended gains after notching a 33-year high in the previous session. In recent weeks, traders have boosted their bets on a Federal Reserve pivot, bracing for rate cuts as soon as March.

Organizations: Federal Reserve, Group Locations: Asia, Pacific, Japan, U.S

☆ Japan's Nikkei blows past 34,000 mark for the first time in over 30 years; CSI 300 near 5-year lows
▼ + stars: | 2024-01-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Philip Fong | Afp | Getty ImagesAsia-Pacific markets mostly fell Wednesday, with China's CSI 300 closing at near 5-year lows, though Japan defied the trend to extend its 33-year high. Japan's Nikkei 225 surged 2.01% to cross the 34,000 mark for the first time since March 1990, closing at 34,441.72. The broader based Topix also gained, climbing 1.3% to end at 2,444.48 and also hitting levels not seen in more than 30 years. Hong Kong's Hang Seng index dropped 0.49%, while the mainland China's CSI 300 lost 0.47% to finish at 3,277.13, hitting its lowest level since Jan. 31, 2019.

Persons: Philip Fong, Topix, Kospi Organizations: Mount, Afp, Getty, CSI, Nikkei, — Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture, Asia, Pacific, Japan

☆ Japan's Nikkei hits 33-year high as Asia markets rebound
▼ + stars: | 2024-01-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Tokyo Tower and Christmas street light up from Roppongi. Asia-Pacific markets mostly rose Tuesday, rebounding from a sell-off in the previous session, with the Nikkei 225 hitting a 33-year high on the back of gains in tech stocks. Investors also assessed December inflation numbers for Japan's capital city of Tokyo, which are a leading indicator for nationwide inflation. Core inflation — which strips out prices of fresh food — remained unchanged at 2.1%, and came in line with expectations. Australia's retail sales for November 2023 also rose more than expected, gaining 2% month-on-month and beating economists expectations of 1.2% in a Reuters poll.

Organizations: Roppongi ., Nikkei Locations: Tokyo, Roppongi, Roppongi . Asia, Pacific

European markets retreated on Tuesday, reversing earlier gains and extending their gloomy start to the new trading year. The Stoxx 600 index provisionally closed 0.17% lower, with most sectors and major bourses in negative territory. Mining stocks led the losses, down 1.35%, while health-care stocks ticked 0.69% higher. December's consumer price index is due to be released Thursday, while the producer price index is due out on Friday. U.S. stocks fell Tuesday morning, after the major averages popped to start the week.

Organizations: Global, Federal Reserve Locations: Asia, Pacific

☆ CNBC Daily Open: 2023’s winners and losers
▼ + stars: | 2024-01-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - DECEMBER 29: Traders work on the floor of the New York Stock Exchange (NYSE) on the last day of trading for the year on December 29, 2023 in New York City. The Dow was up slightly in morning trading in what has been a strong year for the stock market despite many economists predictions that the American economy would experience a recession. (Photo by Spencer Platt/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Interest in alternative assets — which include anything outside public market assets like stocks, bonds, commodities and cash — looks to be growing.

Persons: Dow, Spencer Platt, Australia's, Bullish, bitcoin Bitcoin, Bitcoin, BYD, Tesla BYD, Tesla Organizations: NEW, New York Stock Exchange, Getty, CNBC, Pinebridge Investments, International Monetary Fund, Tesla, U.S . Securities, Exchange Commission, Elon Musk's EV Locations: New York City, Asia, Pacific, Shanghai, China, India, U.S

☆ Asia markets set to rebound from Tuesday's broad sell-off
▼ + stars: | 2023-12-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia. Asia-Pacific markets rebounded across the region, following a broad sell-off on Monday. Wednesday will see Australia release its third-quarter GDP numbers, while investors will also digest the Reuters Tankan survey for Japan in December, which showed improving business sentiment among large Japanese manufacturers. The Tankan survey, done by the Bank of Japan quarterly, measures economic conditions in Japan and the survey results are considered a key economic indicator. The Reuters monthly poll is considered to be a leading indicator of the BOJ's official survey.

Organizations: Sydney Harbour, Opera House, Reuters, Bank of Japan Locations: Sydney, Australia, Asia, Pacific, Japan

☆ CNBC Daily Open: The rush for gold — and bitcoin
▼ + stars: | 2023-12-05 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Spot gold prices touched $2,100 an ounce, hitting a record high as investors rushed into the safe-haven asset. Wall Street catches a breathU.S. stocks markets slipped Monday, with investors questioning if markets climbed too fast, too soon following five straight weeks of gains.

Persons: Twilio Organizations: CNBC, Wall, Dow Jones, Nasdaq, Big Tech, Japan's Nikkei, Airlines, DoJ, Alaska Airlines, Hawaiian Airlines, Justice Department, JetBlue Airways, Spirit Airlines, Spotify, Department of Justice, Banque Pictet, Internal Revenue Service Locations: Miami Beach , Florida, U.S, Asia, Pacific, Swiss

☆ Asia markets poised to fall ahead of key economic data from across the region
▼ + stars: | 2023-12-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

(Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)Most Asia-Pacific markets were set to fall ahead of a slew of economic data from across the region. South Korea's overall inflation rate in November fell to 3.3%, compared with 3.7% expected by a Reuters poll. The inflation rate for Japan's capital, Tokyo, came in at 2.6%, down from the 3.3% in October. Tokyo's inflation figures are widely considered to be a leading indicator of national trends. Caixin and S&P Global will also release China's service purchasing managers' index today, while private PMI readings will also be out from Hong Kong and India.

Persons: Ed JONES, ED JONES Organizations: Getty, P Global Locations: Seoul, AFP, Asia, Pacific, South, Tokyo, Hong Kong, India

☆ European markets head for mixed open as rally stalls
▼ + stars: | 2023-12-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a mixed open Tuesday as investors continue to assess the outlook for central bank interest rate cuts. Meanwhile, the Dow Jones Industrial Average in November enjoyed its best month since October 2022. The upward momentum continued despite Fed Chair Jerome Powell's efforts to temper market expectations for incoming rate cuts, as he argued it was "premature to conclude with confidence" that monetary policy was "sufficiently restrictive." Overnight, Asia-Pacific markets fell across the board as investors assessed a slew of economic data from across the region. U.S. stock futures ticked down Monday night after the major averages took a break from their latest hot streak.

Persons: Jerome Powell's Organizations: U.S . Federal, Dow Jones Locations: Asia, Pacific, U.S

☆ Asia markets poised to start December higher, key data due on Tuesday
▼ + stars: | 2023-12-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to start the final month of this year on a stronger note, with investors awaiting a slew of key economic data Tuesday and inflation readings later this week. Inflation reading for Tokyo will be released Tuesday, which is widely seen as a leading indicator for nationwide trends. South Korea inflation numbers will also be out the same day. The Reserve Bank of Australia will hold its final meeting for the year tomorrow, with economists polled by Reuters expecting the bank to hold rates at 4.35%.

Organizations: Reserve Bank of Australia, Reuters Locations: Asia, Pacific, Tokyo, Korea

☆ CNBC Daily Open: Too early to be betting on rate cuts?
▼ + stars: | 2023-12-04 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Fed Chair Powell says too 'premature' to cut ratesFederal Reserve Chairman Jerome Powell said Friday it was too early to declare victory over inflation and beat back on market views for interest rate cuts next year. Evergrande liquidation court hearing pushedBeleaguered Chinese property firm Evergrande 's court hearing over its possible liquidation was postponed to Jan. 29, sending its shares up over 9%. A Hong Kong court hearing was initially set for Monday over a petition from a creditor seeking to wind up the company.

Persons: Powell, Jerome Powell, Bitcoin, Evergrande Organizations: CNBC, Federal, Treasury, Nasdaq, Dow Jones, Japan's Nikkei, Hong Locations: Asia, Pacific, FTX, Hong Kong

☆ Hawaiian Airlines' parent surges on $1.9 bln buyout deal with Alaska Air
▼ + stars: | 2023-12-04 | by ( Ananta Agarwal | ) www.reuters.com time to read: +2 min

Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. REUTERS/Marco Garcia/File Photo Acquire Licensing RightsDec 4 (Reuters) - Shares of Hawaiian Holdings (HA.O), the parent of Hawaiian Airlines, nearly tripled on Monday after Alaska Air Group (ALK.N) agreed to acquire it for $1.9 billion, including debt. Hawaiian Holdings hasn't reported an adjusted profit in three yearsAlaska and Hawaiian said on Sunday the deal, valued at $929.4 million on an equity basis, will expand their networks and offer more choices to passengers. The deal will enable Alaska to grow in the lucrative Asia Pacific market, while Hawaiian customers can travel non-stop to the U.S. mainland, Becker added. Shares of Seattle-based Alaska Air were down 17.6%.

Persons: Daniel K, Marco Garcia, TD Cowen, Helane Becker, Becker, Craig Jenks, Biden, Ananta Agarwal, Shivansh, Krishna Chandra Eluri Organizations: Airlines, Inouye, REUTERS, Hawaiian Holdings, Hawaiian Airlines, Alaska Air Group, Airbus, Alaska Air, Holdings, Sunday, Asia, Airline, Aircraft, U.S . Justice, JetBlue, Spirit Airlines, Thomson Locations: Honolulu , Hawaii, U.S, Maui, Alaska, Asia Pacific, New York, premarket, Seattle, Bengaluru

☆ Asia markets slide as investors assess private factory activity surveys; U.S. inflation cools further
▼ + stars: | 2023-12-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Neon ads in Dotonbori district, Osaka, Kansai region, Japan Alexander Spatari | Moment | Getty ImagesAsia-Pacific markets started Friday lower even as Wall Street mostly saw gains and ahead of private factory activity surveys from across the region. Most notably, investors will be watching China's Caixin manufacturing purchasing managers' index for November, after official numbers Thursday showed the country's manufacturing sector contracting for a second straight month. PMI readings are also due from Japan, South Korea and India on Friday. Japan's Nikkei 225 was marginally below the flatline, but the Topix bucked the trend and opened 0.21% higher. Futures for Hong Kong's Hang Seng index stood at 17,052, also pointing to a positive open compared with the HSI's close of 17,042.88.

Persons: Japan Alexander Spatari, Kospi Organizations: PMI, Nikkei Locations: Dotonbori district, Osaka, Kansai, Japan, Asia, Pacific, South Korea, India, Australia

☆ CNBC Daily Open: U.S. economy is cooling, but may not fall off a cliff
▼ + stars: | 2023-12-01 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Clearer brand messagingNew Gap CEO Richard Dickson said the apparel firm's products had got "lost in the message" in its discount-heavy online communication. [PRO] Top holiday pickThe Dow is nearing a major milestone — and certain members may lead the blue-chip average over the finish line. CNBC Pro screened for the Dow members with the largest upsides to average price targets among Wall Street analysts.

Persons: Korea's Kospi, Hong, Nelson Peltz, Ike Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Josh Kushner's, Richard Dickson, Dickson, Dow Organizations: CNBC, Nikkei, underperform, Dow Jones Industrial, Disney, Marvel, Sky, Peltz, CNBC Pro, Dow, Wall Street Locations: Asia, Pacific, underperform Asia

☆ Hong Kong set to rebound after hitting a one-month low, Asia markets fall across the board
▼ + stars: | 2023-11-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Edgar Su | ReutersAsia-Pacific markets fell across the board on Thursday ahead of key economic data from the region. South Korea's industrial output numbers surprised the market, registering a 3.5% fall compared to expectations of a 0.5% rise from economists polled by Reuters. Japan's Nikkei 225 slid 0.25% and extended its three-day losing streak, with the Topix also down by 0.14%. South Korea's Kospi also fell 0.29%, while the small-cap Kosdaq was marginally above the flatline. Futures for Hong Kong's Hang Seng index stood at 17,108, pointing to a rebound after the HSI hit a one month low on Monday and closed at 16,993.44.

Persons: Edgar Su, Kospi, HSI Organizations: of, Initiative, Reuters, Nikkei Locations: Beijing, China, Reuters Asia, Pacific, Japan, Australia

☆ CNBC Daily Open: The heat is truly on COP28
▼ + stars: | 2023-11-30 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's Nikkei 225 closed 0.5% higher, clocking monthly gains of more than 8%, while South Korea's KOSPI finished the day up 0.6%, advancing more than 11% this month. [PRO] Golden crossesThree stocks are on the verge of taking off, according to a chart pattern closely watched by technical analysts. The phenomenon, known as a "golden cross," occurs when a stock's 50-day moving average share price rises above the longer-term 200-day moving average.

Persons: KOSPI, China's, Rebooting, Sam Altman, Altman Organizations: Expo, CNBC, Nikkei, Dow Jones, National Bureau of Statistics, Microsoft, Auto, United Auto Workers, Volvo, BMW, Mercedes, Benz, Hyundai, Honda, Toyota, Detroit, General Motors Locations: Dubai, United Arab Emirates, Asia, Pacific, South, Hong Kong, China, OpenAI, U.S

☆ European stocks head for mixed open, struggling to build positive momentum
▼ + stars: | 2023-11-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a mixed open Wednesday as regional markets struggle to build positive momentum and assess comments from the U.S. Federal Reserve board members. On Tuesday, Federal Reserve Governor Christopher Waller said he was growing more confident that policy was in a place now to bring inflation back under control. Waller also said the Fed might start lowering rates if inflation continues to ease over the next three to five months. U.S. stock futures ticked up on Tuesday night, as investors held out hope that the Federal Reserve is done raising benchmark interest rates. Asia-Pacific markets largely fell overnight, led by losses in Hong Kong.

Persons: Christopher Waller, Waller Organizations: U.S . Federal Reserve, Federal Locations: Asia, Pacific, Hong Kong

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. Asia-Pacific markets were set to open lower as investors assess comments from the U.S. Federal Reserve board members and await Australia's October inflation figures. On Tuesday, Federal Reserve Governor Christopher Waller said he was growing more confident that policy was in a place now to bring inflation back under control. Waller also said the Fed might start lowering rates if inflation continues to ease over the next three to five months. In contrast, Governor Michelle Bowman said more rate hikes will likely be needed as evolving dynamics keep inflation elevated.

Persons: Christopher Waller, Waller, Michelle Bowman, Bowman Organizations: Opera, Vivid, U.S . Federal Reserve, Federal Locations: Sydney, Australia, Asia, Pacific

☆ CNBC Daily Open: AI schadenfreude is real
▼ + stars: | 2023-11-29 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Munger's family said he died peacefully Tuesday morning at a California hospital, according to a press release from Berkshire Hathaway. Bob the builderDisney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he was looking forward to "building again" after spending 2023 mending parts of the business that "needed attention." [PRO] Defense winnersMany countries have beefed up their defense budgets as geopolitical threats mount in the Asia-Pacific region and elsewhere in the world.

Persons: China's CSI300, Korea's KOSPI, Munger, Charlie Munger, Warren Buffett's, Munger's, Berkshire Hathaway, Buffett, Bob, Bob Iger, Iger, Goldman, Apple, Goldman Sachs, CNBC's Leslie Picker, AllianceBernstein Organizations: CNBC, Hong, Nikkei, Federal Reserve, Berkshire Hathaway, Berkshire, Disney, ESPN, Apple Locations: Frankfurt, Germany, Hong Kong, Asia, Pacific, California

☆ CNBC Daily Open: Is record Black Friday sales spike a false dawn?
▼ + stars: | 2023-11-28 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Mixed movesAsia-Pacific markets were mixed on Tuesday after U.S. stocks fell the day before as traders took a breather following a four-week winning streak for major averages. Shein IPOFast-fashion retailer Shein has confidentially filed to go public in the U.S. and is moving ahead with its long-awaited IPO, CNBC has learned. The Nasdaq last week launched new two-week options contracts that expire on Wednesdays based on a series of exchange-traded products.

Persons: Korea's KOSPI, Shein, Binance, Brian Armstrong, Armstrong, Morgan Stanley — Organizations: CNBC, Nikkei, Nasdaq, U.S . Department of Justice, U.S, Bank Locations: Asia, Pacific, Qatar, Israel, U.S, China, Iran, India

Hong Kong Spreephoto.de | Moment | Getty ImagesAsia-Pacific markets are set to rebound slightly after the region saw all its major indexes end the day in negative territory on Monday. Earlier on Tuesday, oil prices eased somewhat lower after Qatar said the truce between Israel and Hamas has been extended by a further two days. Japan's markets started the day close to the flatline, with the Nikkei 225 marginally up and the Topix just slightly below the no change mark. South Korea's Kospi was up 0.42%, while the small-cap Kosdaq saw a larger gain of 0.53%. However, Hong Kong's Hang Seng index looks set to extend its losses from Monday, with HSI futures at 17,517 compared to the index's close of 17,525.06.

Persons: Brent, Kospi, Hong Organizations: West Texas, Nikkei Locations: Hong Kong, Asia, Pacific, Qatar, Israel, Australia

☆ European markets set to start the week on a somber note
▼ + stars: | 2023-11-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a negative start to the new trading week, days after the region's Stoxx 600 index reached its highest level since Sept. 20. Asia-Pacific markets started the week largely lower, with Chinese markets dragged by property stocks and Japan's service inflation surging to a 45-month high. U.S. stock futures dipped on Sunday evening as Wall Street looks to build on four straight positive weeks for the equity market. Wall Street is coming off the fourth-straight winning week for all three major averages, as stocks have rallied since the 10-year Treasury yield retreated from the 5% mark it briefly topped in late October.

Organizations: Treasury Locations: Asia, Pacific

Asia-Pacific markets are set for a positive start to the week as investors await key economic data out from major economies around the region, including China and Japan. China will release its official factory activity figures for November on Thursday, while the Caixin survey for the same metric will be out on Friday. Australia and Japan will release their October inflation figures on Wednesday and Thursday respectively, which will give clues to future moves by their respective central banks. India's gross domestic product numbers for the three months ended September will also be released late Thursday.

Locations: Asia, Pacific, China, Japan, Australia

☆ CNBC Daily Open: Are chip wars starting to hurt now?
▼ + stars: | 2023-11-27 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Box office cheerThanksgiving box office sales stood at about $172 million this year, an improvement over the previous three years of pandemic-pressured ticket sales. Fifty Hamas hostages are due to be released over the four days under the terms of an agreement between Israel and Hamas. In the first two days of the temporary cease-fire, 24 hostages were released from Gaza in exchange for 39 Palestinian prisoners.

Persons: Napoleon, Abigail Mor Edan Organizations: CNBC, Nikkei, Adobe Analytics, Sony Locations: Asia, Pacific, Hong Kong, U.S, Israeli, Gaza, Israel

☆ European markets head for mixed open after hitting nine-week high
▼ + stars: | 2023-11-24 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

The Stoxx 600 index has seen muted moves this week, though has nudged higher to reach its highest level since Sept. 20. European stocks are heading for a mixed open Friday as investors remain cautious. Final German gross domestic product figures for the third quarter on Friday confirmed an earlier reading of 0.1% month-on-month contraction. U.S. markets will reopen after the Thanksgiving holiday for a shortened trading day. Asia-Pacific markets traded mixed, with Japanese data boosting the Nikkei 225 index, while Hong Kong's Hang Seng index plunged 1.77%.

Persons: Christine Lagarde, Hong Organizations: European Central Bank, Nikkei Locations: U.S, Asia, Pacific

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