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☆ In forgotten parts of Singapore's iconic Orchard Road shopping street, a new era is taking shape
▼ + stars: | 2024-11-22 | by ( Kevin Lim | ) www.cnbc.com time to read: +6 min

The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.

Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL

☆ Japan's October headline inflation rate falls, but economists still see BOJ rate hike on the table
▼ + stars: | 2024-11-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's headline inflation rate slipped to 2.3% in October, its lowest level since January and down from the 2.5% seen in September. The core inflation rate, which excludes fresh food prices, came in at 2.3%, down from September's 2.4%. The figure however, was slightly higher than the 2.2% expected among economists polled by Reuters. According to LSEG data, 55% of economists polled by Reuters as of Nov. 22 expect the BOJ to hike rates by 25 basis points at its December meeting, bringing the benchmark policy rate to 0.5%. On Nov. 18, BOJ Governor Kazuo Ueda said the economy is heading toward sustained wage-driven inflation, and warned against keeping borrowing costs too low, Reuters reported.

Persons: Kazuo Ueda Organizations: Reuters Locations: September's, Japan's

☆ Asia markets mostly poised to fall as investors assess Nvidia results, Adani charges
▼ + stars: | 2024-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are mostly set to fall on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results. Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago. All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group was indicted with others in New York federal court on charges related to a massive bribery and fraud scheme.

Persons: Gautam Adani, India's Organizations: Nvidia Locations: Asia, Pacific, New York

☆ Adani investor GQG Partners' shares crash 25% — on pace for record loss after Gautam Adani's indictment
▼ + stars: | 2024-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Rajiv Jain, founder and chief investment officer of GQG Partners, during an interview in New York, US, on Tuesday, April 4, 2023. Shares of Australia-listed GQG Partners plunged as much as 25% on Thursday and were set to post their worst day on record, after Adani Group Chair Gautam Adani was charged with fraud in New York. Shares of Adani Group companies also nosedived, as Indian stock markets opened for trade. GQG is Adani Enterprises' fourth-largest shareholder, owning about 3.94% of the firm, according to LSEG data. Hindenburg had charged Adani Group of "brazen stock manipulation and accounting fraud scheme over the course of decades," sending shares plunging by more than 54% in the first quarter of 2023.

Persons: Rajiv Jain, Gautam Adani, GQG, Adani, Hindenburg Organizations: GQG Partners, Adani Group, BSE, Adani Enterprises, CNBC, Adani, Hindenburg Locations: New York, New

☆ Morgan Stanley CEO is bullish on stocks, says the U.S. economy is 'outperforming'
▼ + stars: | 2024-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Morgan Stanley CEO Ted Pick on Thursday expressed optimism about the stock market, saying that the U.S. economy will continue to outperform in 2025. "The world is still led by the U.S. consumer," Pick told CNBC's "Squawk Box Asia" from the Morgan Stanley summit in Singapore. He does acknowledge there will be some caution, due to factors including policy uncertainty, but "on the whole, people are are understandably continuing to be constructive." Pick said Morgan Stanley predicts that the broad-based S&P 500 will increase, pointing out that sectors like financials and industrials could perform with continued economic growth and some deregulation. The S&P 500 has gained just over 24% year to date, while the Dow Jones Industrial Average has seen a 15.13% climb.

Persons: Morgan Stanley, Ted Pick, Pick, CNBC's, industrials Organizations: Dow Jones Locations: U.S, Singapore

☆ She worked at some of Singapore's best Michelin-starred restaurants. Now, she runs a fine dining place out of her 1000-square-foot public housing apartment.
▼ + stars: | 2024-11-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.

Persons: Pristina Mok, Odette, Aditi Bharade, Mok, Lionel Lim, Aditi Bharade Mok, —, hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Hokkaido

☆ Japan exports rise more than expected in October, rebounding from 43-month low
▼ + stars: | 2024-11-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's exports posted a 3.1% rise in October compared to a year ago, rebounding from a fall in September that marked a 43-month low. The climb beat expectations of a 2.2% rise from economists polled by Reuters, and is a reversal from the 1.7% fall in September. Government data showed that Japanese exports increased the most to the Middle East region, recording a 35.4% rise, compared to the same period a year ago. He added: "Any escalation of tensions between the U.S. and China on tariffs and trade is likely to weigh upon global trade and global growth. Japan, as an open and cyclical economy, will be impacted by any deterioration in global trade and the global economy."

Persons: September's, Daniel Hurley, Rowe Price, Donald Trump's Organizations: Reuters, U.S, Trump Locations: Yokohama, Japan, East, China

☆ She worked at some of Singapore's top Michelin restaurants. Now, she runs a fine-dining place out of her public housing apartment.
▼ + stars: | 2024-11-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants, like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.

Persons: Pristina Mok, Odette, Mok, Aditi Bharade, Lionel Lim, Aditi Bharade Mok, —, hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Singapore, Hokkaido

☆ Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private
▼ + stars: | 2024-11-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Shares of 7-Eleven owner Seven & i soared nearly 11% on Wednesday after a report said the company's founding family was raising more than $50 billion to take the company private within this fiscal year. According to a report by Japanese public broadcaster NHK, the founding family will raise over 8 trillion yen ($51.66 billion) from "three Japanese megabanks and major American financial institutions," according to a Google translation of the report in Japanese. Should this acquisition go through, it will be the largest buyout of a Japanese company to date, NHK said. Seven and i said "no decision has been made regarding a proposed deal with Junro Ito, Ito Kogyo, ACT [Alimentation Couche-Tard] or other third parties at this time," Reuters reported. Junro Ito is Seven & i's vice president and the son of late Masatoshi Ito, founder of Seven & i. Ito-Kogyo is a company affiliated with the vice president, and is Seven and i's second-largest stakeholder with an 8.2% stake.

Persons: Junro Ito, Ito Kogyo, Masatoshi Ito, Ito, Tard Organizations: NHK, Seven, ACT, Reuters

☆ Asia markets poised to open mixed as investors await China LPR, Japan inflation data this week
▼ + stars: | 2024-11-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

View of the central business district skyline at sunset in Beijing, China. Asia-Pacific stocks were set to open mixed Monday as markets kickstart what ING calls a "quiet" week for economic data from the region. Key data this week from the region will include China's loan prime rate announcement, set for Wednesday. ING said no change is expected in China's LPR, with the one-year rate currently at 3.1% and the five-year LPR at 3.6%. Japan will release trade data on Tuesday and October headline inflation numbers on Friday, while Australia's central bank on Tuesday will release minutes of its meeting earlier this month..

Organizations: ING, Wednesday Locations: Beijing, China, Asia, Pacific, China's LPR, Japan

☆ Samsung shares climb more than 7% after surprise $7 billion buyback plan
▼ + stars: | 2024-11-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 months. Samsung last bought back shares in November 2017, according to data maintained by LSEG. In a regulatory filing, the company said that 3 trillion won of shares will be bought back in the next three months and canceled. While the repurchase of the remaining 7 trillion won worth of shares will be "authorized accordingly by the Board, which will decide on ways to enhance shareholder value, including when and how to use the treasury shares," it added. According to South Korean media, SK Hynix is the first chipmaker in the world to supply fifth-generation HBM3E chips in March to Nvidia.

Persons: Donald Trump, — CNBC's Arjun Kharpal Organizations: Samsung Electronics, South Korean, South, Samsung, LSEG, Board, SK Hynix, Nvidia, CNBC Locations: Seoul, South Korean

☆ K-pop agencies mostly struggled in third quarter — but 2025 may bring financial recovery
▼ + stars: | 2024-11-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

JYP Entertainment's boy group Stray Kids attends the 2024 SBS Music Awards Summer in Seoul. The K-pop industry has been seeing a slowdown due to declining album sales and the inactivity of record-breaking groups such as Blackpink and BTS. Members of BTS have been serving their mandatory military service, while Blackpink only announced to reunite as a group in 2025. Streaming revenue, at least during the first half of this year, has been unable to cover the loss from album sales. For the third quarter, just Babymonster — a rookie group — and solo artist Lee Seunghoon released material.

Persons: Blackpink, Hwan, wook Lee, Jang Jeong Min, Minha Choi, Yeonghoon Kang, —, Lee Seunghoon Organizations: JYP, Imazins, BTS, SM Entertainment, JYP Entertainment, YG Entertainment, Yuanta Securities, Samsung Securities, YG, NH Securities Locations: Seoul, U.S

☆ Japan GDP expands by 0.3% in third quarter, snapping two quarters of year-on-year declines
▼ + stars: | 2024-11-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Japan's third-quarter real gross domestic product expanded 0.3% year on year, snapping two straight quarters of year-on-year decline, according to government data released Friday. The GDP reading marked a reversal from the revised 1.1% decline seen in the second quarter. The data comes against the backdrop of the Bank of Japan raising rates from 0.1% to 0.25% in July — its highest level since 2008. On a quarter-on-quarter basis, GDP rose 0.2%, in line with Reuters poll estimates, but lower than the 0.5% growth in the second quarter. On an annualized basis, the economy expanded 0.9%, beating estimates of a 0.7% expansion.

Organizations: Bank of Locations: Bank of Japan

☆ Asia markets poised to climb after Wall Street falls on Fed Chair Powell's comments; China data in focus
▼ + stars: | 2024-11-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets appeared set to rebound on Friday, breaking ranks with Wall Street after U.S. Federal Reserve Jerome Powell said the central bank does not need to be "in a hurry to lower rates." Speaking in Dallas, Powell pointed out that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast they should lower interest rates. In Asia, investors will be assessing key economic data from Japan and China on Friday, with Japan set to release third-quarter GDP numbers. China will announce October figures for retail sales, industrial output and the urban unemployment.

Persons: Jerome Powell, Powell Organizations: Federal Locations: Asia, Pacific, Dallas, Japan, China

☆ South Korean actor Song Jae-lim dead at 39
▼ + stars: | 2024-11-12 | by ( Yoonjung Seo | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —South Korean actor Song Jae-lim, a former model who rose to prominence in K-dramas, was found dead in Seoul on Tuesday. A police official told CNN that no evidence of foul play was found at the scene, and a note was discovered in the apartment. “Our initial investigation so far, has revealed no signs of criminal activity,” police told CNN. South Korean stars paid tribute to Song following the news of his death. How to get help Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters.

Persons: Song Jae, lim, Song, ”, Rose De Versailles, … Jae, lim …, Park Ho, san, Hong Seok, cheon, “, Moon bin, Sulli, SHINee’s Kim Jong, hyun Organizations: South Korea CNN — South, Seoul Seongdong police, CNN, “, ” Police, International Association for Suicide Prevention, Befrienders, Entertainment Locations: Seoul, South Korea, ”, South

☆ Singapore Airlines shares fall as much as 6% as profit nearly halves amid intensifying competition
▼ + stars: | 2024-11-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. SINGAPORE — Shares of Singapore Airlines dropped after the city-state's flag carrier reported a fall of almost 50% in net profit for its first half April to September period, citing lower yields and growing competition. Net profit in the first half of the fiscal year came in at 742 million Singapore dollars ($559.12 million), 48.5% lower than the SG$1.44 billion in the same period a year ago. Singapore Airlines said in a release that the fall in operating profit was due to "increased capacity and stronger competition in key markets," which led to a fall in yields and ultimately, profit. However, SIA will not "hold back on capacity growth just because there's competition in the market," Lee added.

Persons: Lee Lik Hsin, Goh Choon Phong, Lee Organizations: Airbus, Singapore Airlines, El, SINGAPORE —, Singapore, SIA Locations: Barcelona, Spain, SINGAPORE, Singapore

☆ Asia-Pacific markets poised to fall after China reports lower-than-expected inflation rate
▼ + stars: | 2024-11-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were set to fall Monday after China's October inflation numbers came in lower than expected, prompting concerns over the recovery in the world's second-largest economy. The country's inflation rate declined to 0.3%, missing expectations of 0.4% and also lower than the 0.4% seen in September. On Monday, China will also kick off its Singles' Day — the equivalent of Black Friday in the country. A note from ING on Friday said that Singles' Day will show how consumption was faring in China. "We suspect that given the shift toward value-for-money purchases and online shopping, we'll continue to see solid growth numbers from the event that should comfortably outpace the overall consumption growth momentum."

Organizations: ING Locations: Nanjing, East China's Jiangsu, Asia, Pacific, China

☆ Asia-Pacific markets poised to climb after Fed rate cut; China's NPC in focus
▼ + stars: | 2024-11-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

People visit a riverside in front of the Lujiazui financial district, during the National People's Congress (NPC) in Shanghai, China, March 7, 2023. Aly Song | ReutersAsia-Pacific markets were set to climb on Tuesday, after the U.S. Federal Reserve cut interest rates by 25 basis points and major U.S. indexes continued their postelection rally. In Japan, the country will be releasing spending data for September, which will offer clues to the policy path ahead for the Bank of Japan. Strong spending data would support the case for the BOJ to raise rates, and vice versa. If stocks follow futures, the Hong Kong index will hit its highest level in about a month.

Persons: Aly Song, Australia's Organizations: National People's Congress, Reuters, U.S . Federal Reserve, China's National People Congress, Bank of Japan, Nikkei Locations: Shanghai, China, Reuters Asia, Pacific, U.S, Asia, Japan, Chicago, Osaka, Hong Kong

☆ Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
▼ + stars: | 2024-11-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The Nissan ARIYA on the EV test track at the New York International Auto Show on March 28, 2024. Nissan released its second-quarter results ended September on Thursday, which showed that it recorded a 9.3 billion yen (about $62 million) net loss, a reversal from the 190.7 billion yen net profit it made in the same quarter last year. Operating profit in the second quarter plunged almost 85% year-on-year to 31.9 billion yen, while revenue dropped 5% to 2.99 trillion yen. Nissan also sharply lowered its full-year outlook, cutting its revenue projection to 12.7 trillion yen from 14 trillion yen, while also reducing its operating profit forecast to 150 billion yen from 500 billion yen. It aims to reduce fixed costs by 300 billion yen and variable costs by 100 billion yen, compared to its 2024 financial year.

Persons: Makoto Uchida Organizations: Nissan, New York

☆ Trump claims Kim Jong Un ‘misses’ him. But he faces a very different North Korean leader this time around
▼ + stars: | 2024-11-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Hong Kong CNN —No United States leader has handled relations with North Korea quite like Donald Trump. But the second Trump administration will face an emboldened and arguably more dangerous North Korean leader. The North Korean leader has met with his “closest comrade” Russian President Vladimir Putin twice since last September and inked a major defense pact in June. Russian President Vladimir Putin and North Korean leader Kim Jong Un meet in Pyongyang this past June. That means the North Korean leader may look for benefit in Trump’s return.

Persons: Donald Trump, Kim Jong, ”, Kim, Trump, Kim “, Kim –, extinguishes, Vyacheslav Madiyevskyy, ’, Rachel Minyoung Lee, ” Kim, ” He’s, Biden, Vladimir Putin, Lee, Dmitry Azarov, –, Robert O’Brien, “, ” O’Brien, Chul Lim, “ Trump, Duyeon Kim, Putin –, Yoon Suk, Edward Howell Organizations: Hong Kong CNN, North Korean, Reuters, Trump, Stimson, North, South, AP, CNN, North Korea Research Center, University’s Institute, Far Eastern Studies, Center, New, New American Security, US, Korea's, Chiefs, Staff, NATO, North Korea, University of Oxford Locations: Hong Kong, States, North Korea, Pyongyang, Russia, Moscow, Ukraine, United States, South Korea, Kharkiv, Singapore, Hanoi, North, Washington, North Korean, Japan, ” Russian, China, Iran, Korea, Russian, Seoul, New American, Korean, Beijing, United Kingdom

☆ The sectors — and stocks — to buy in Asia after Trump's win, according to analysts
▼ + stars: | 2024-11-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.

Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan

☆ Japan's Nikkei set to retake 40,000 mark after Trump election victory; Hong Kong poised to slip
▼ + stars: | 2024-11-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The font entrance of the Tokyo Stock Exchange (TSE) in Tokyo, Japan, on Monday, Aug. 5, 2024. Asia-Pacific markets are set to mostly climb on Thursday, after former President Donald Trump won the White House, defeating Vice President Kamala Harris in the 2024 presidential election. NBC News projects that Trump will win at least 291 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Stocks surged in the U.S. after Trump's win, and the same phenomenon is set to repeat itself in Asia. Japan's Nikkei 225 is set to retake the 40,000 mark for the first time in about a month.

Persons: Donald Trump, Kamala Harris, Stocks Organizations: Tokyo Stock Exchange, White, NBC News, Trump, Electoral, Japan's Nikkei, Nikkei Locations: Tokyo, Japan, Asia, Pacific, Pennsylvania, North Carolina, Georgia, U.S, Chicago, Osaka

☆ Read the Judge’s Ruling
▼ + stars: | 2024-11-07 | by ( ) www.nytimes.com time to read: +3 min

Case 6:24-cv-00306-JCB Document 120 Filed 11/07/24 Page 55 of 74 PageID #: 3011 including by remaining abroad for the applicable waiting period based on the duration of their unlawful presence here). If departures causing family separation were not substantially likely as to at least some Rule-eligible aliens, the agency would not have claimed that the Rule would prevent that separation. § 1182(a)(9) waiting period of 10 years. The other class of Rule-eligible aliens are stepchildren of U.S. citizens, who must have been present in this country un- lawfully since June 17, 2024. As DHS notes, a small percentage of those departures would be only for a short time because some aliens qualify for the extreme-hardship waiver to the § 1182(a)(9) waiting period.

Persons: eli, gible, lim Organizations: JCB, fam, U.S . citi, zens, DHS Locations: United States

☆ Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
▼ + stars: | 2024-11-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate the market shift toward electric vehicles. Revenue : 11.44 trillion yen vs. 11.41 trillion yen: 11.44 trillion yen vs. 11.41 trillion yen Operating profit: 1.16 trillion yen vs. 1.24 trillion yenThe world's largest automaker by sales volume saw a 20% year-on-year drop in operating profit during the quarter. Net profit attributable to company more than halved to 573.7 billion yen from 1.28 trillion a year ago. "If electric vehicles simply become the only choice, including for our suppliers, those people's jobs would be lost." The company maintained a full-year operating profit of 4.3 trillion yen.

Persons: Akio Toyoda, Toyoda, Suzuki Organizations: Toyota, Toyota Motor, LSEG ., Reuters, National, Traffic Safety Administration, Japan's Transport, Ministry of Land, Transport, Honda, Yamaha Locations: Tokyo, Japan, Infrastructure, Tourism

☆ CNBC Daily Open: All eyes on U.S. elections
▼ + stars: | 2024-11-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. History forecasts a market rally after electionsHistorically, stocks have mostly risen after a presidential election, though there can be some short-term volatility. The three major U.S. benchmarks on average have almost always clocked gains between Election Day and year-end, going back to 1980, according to CNBC data. Markets slip ahead of Election DayStocks fell Monday as investors awaited the U.S. presidential election and Fed rate verdict later this week.

Persons: Wall, aren't, Stocks, Jeff Bezos Organizations: CNBC, JPMorgan, Fitch, Federal Reserve, Dow Jones, Nasdaq, Intelligence, Investors, Amazon, U.S, Conference Board Locations: U.S, Francisco

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