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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

☆ 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

☆ 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 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

☆ Asia markets poised for mixed open; Japan stocks set to eke out gains
▼ + stars: | 2024-02-27 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Chinese flags and Hong Kong flags are hung in Tsim Sha Tsui district on Oct. 4, 2023 in Hong Kong, China. The Chinese government imposed a National Security Law in the special administrative region on June 30, 2020. Japan's Nikkei 225 index is poised for gains after closing at a record high in the previous session. Trading sentiment was subdued following a pause in Wall Street's rally on Monday as its main indexes retreat from record highs. Major economic data this week include China's manufacturing purchasing managers' index and the U.S. personal consumption expenditures price index data, which is the Federal Reserve's preferred inflation metric.

Organizations: Security Law, Japan's Nikkei Locations: Hong Kong, Tsim Sha Tsui, China, Asia, Pacific

☆ CNBC Daily Open: Upbeat sentiment over U.S. growth
▼ + stars: | 2024-02-27 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Job seekers attend a Veteran Employment and Resource Fair in Long Beach, California, US, on Tuesday, Jan. 9, 2024. 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. Growth would have been faster in the fiscal fourth quarter if not for a sales reorganization, the company said. That's Super Micro Computer, a Nasdaq-listed company which makes AI systems and graphics processing unit servers, highlighted Louis Navellier, chairman and founder of Navellier & Associates.

Persons: Dow, Dimon, Jamie Dimon, Taylor Swift, Louis Navellier Organizations: The Department of Labor, CNBC, CSI, Nikkei, Nasdaq, Revenue, optimist, Nvidia, Navellier, Associates Locations: Long Beach , California, Asia, Pacific, Singapore

☆ European stocks head for lower open following global market pullback
▼ + stars: | 2024-02-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a negative open Tuesday, following their global counterparts lower. Asia-Pacific markets turned lower overnight, with Hong Kong stocks leading the declines and Japan's Nikkei 225 giving up gains from earlier in the session. Trading sentiment was subdued following a pause in Wall Street's rally on Monday as its key indexes retreated from record highs. S&P 500 futures are near flat early Tuesday as the rally took a breather. Investors stateside are keeping an eye out this week for the monthly personal consumption expenditures price index, the U.S Federal Reserve's favored inflation gauge.

Organizations: Nikkei, U.S Federal Locations: Asia, Pacific, Hong Kong, U.S

☆ Goldman Sachs and Abu Dhabi's Mubadala ink $1 billion partnership to invest in Asia Pacific
▼ + stars: | 2024-02-26 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the Asia-Pacific region, with a particular focus on India, the institutions said in a joint statement. The separately managed account, termed the "Partnership," will be managed by Private Credit at Goldman Sachs Alternatives, with a staff based on the ground in various markets across the region. It will invest the long-term capital in "high quality companies ... across the private credit spectrum" across a number of Asia-Pacific markets. The UAE in October 2023 announced a target to invest $75 billion in India over a period of time, while Saudi Arabia set an investment target in the country of $100 billion. "India, in particular, stands out as a key market with significant opportunities in private credit, and where Goldman Sachs has strong exposure and capabilities," said Fabrizio Bocciardi, Mubadala's head of credit investments, in a press release.

Persons: United Arab Emirates — Goldman Sachs, Goldman Sachs, Fabrizio Bocciardi Organizations: United Arab Emirates, Monday, Private Credit, Goldman Sachs, Abu Dhabi Global Market, United Arab Locations: DUBAI, United Arab, Abu Dhabi, Asia, Pacific, India, United Arab Emirates, UAE, Saudi Arabia

☆ European markets set to start the week lower as investors await inflation data
▼ + stars: | 2024-02-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lower open Monday as global investors look ahead to more inflation data this week. The monthly personal consumption expenditures price index, the U.S Federal Reserve's favored inflation gauge, is due out Thursday. U.S. equity futures inched lower Monday as investors looked forward to the latest inflation reading as well as a slew of big earnings reports this week. Overnight in Asia-Pacific markets, Japan's Nikkei 225 index hit a fresh high Monday as traders returned from a long weekend, while measures by South Korean authorities to boost its stock markets did little to push up the main index.

Organizations: U.S Federal, Nikkei, South Locations: U.S, Asia, Pacific

☆ Asia markets set for mixed session as investors await China house prices data
▼ + stars: | 2024-02-23 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Hong Kong, a British colony from the 1840s to 1997, grew into an international finance center just off the coast of mainland China. Asia-Pacific markets were set for a mixed session Friday, with investors awaiting data on China's property prices to assess any signs of improvement in the debt-laden real estate sector. Japan markets led gains in the previous session, with the Nikkei 225 closing at a new all-time high of 39,098.68, surpassing the previous record of 38,915.87 set in 1989. Investors will monitor China house prices data for January. At the end of last year, the country's troubled property market clocked its worst declines in new home prices in nearly nine years.

Organizations: Nikkei Locations: Hong Kong, British, China, Asia, Pacific, Japan

☆ Asia-Pacific markets, Korea rate decision, Australia and Japan PMI
▼ + stars: | 2024-02-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets appeared set to trade mixed Thursday, with a slew of economic data from the region on tap, while investors also assess the U.S. Federal Reserve possibly delaying interest rate cuts. In Australia, the S&P/ASX 200 opened marginally higher, up 0.03%, as the nation's Judo Bank composite purchasing managers' index for February showed a return to growth, at 51.8. The monthly index is a leading indicator for business activity in Australia's manufacturing sector. Futures for Hong Kong's Hang Seng index stood at 16,447, pointing to a weaker start compared with the HSI's close of 16,503.1Japan's Nikkei 225 was set to rise as investors awaited the release of Japan's Jibun Bank flash purchasing managers' index. Nikkei futures contract in Chicago was at 38,745 and its counterpart in Osaka was at 38,410 against the index's last close of 38,262.16The Bank of Korea is slated to announce its interest rate decision later, with economists polled by Reuters expecting the bank to hold rates at 3.50%.

Organizations: U.S . Federal, nation's Judo Bank, Futures, Nikkei, Japan's, of, Reuters Locations: Asia, Pacific, Australia, Chicago, Osaka, of Korea

☆ European markets set to open higher as investors focus on euro zone data, earnings
▼ + stars: | 2024-02-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Thursday ahead of a busy day of earnings and data in the region. Preliminary services and manufacturing purchasing managers' index data from the euro zone in February is due Thursday, and will serve as a gauge of business activity in the region. Meanwhile, earnings are due from Nestle, Zurich Insurance, Iberdrola, Telefonica, Lloyds Banking Group, Rolls-Royce, WPP, Anglo American and Hargreaves Lansdown. Overnight, Japan's Nikkei hit a record high on Thursday, with investors shrugging off dismal business activity data from the country, while other Asia-Pacific markets traded in the green. S&P 500 futures rose in overnight trading Wednesday, boosted by a jump in Nvidia shares.

Persons: Hargreaves Lansdown, shrugging Organizations: Zurich Insurance, Iberdrola, Telefonica, Lloyds Banking Group, Royce, WPP, Nikkei, Nvidia Locations: Nestle, Asia, Pacific

☆ The maker of the massively popular Stanley cups is facing multiple lawsuits over the use of lead in its products
▼ + stars: | 2024-02-22 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

The consumers said PMI withheld information that would have impacted their decisions to buy Stanley products in the first place. Stanley cups have become massively popular. Social media drew attention to lead in Stanley cupsConcern about lead in Stanley cups became widespread at the end of January when several TikTokers posted videos of themselves home-testing their water bottles for the substance. Although lead is dangerous to humans, public health experts have said that Stanley cups likely don't pose a threat. Despite the controversy around the traces of lead in its products and the recent lawsuits, Stanley cups remain popular.

Persons: Stanley, —, Mariana Franzetti, Robin Krohn, meritless, Franzetti, Matt Fowler KC, Plaintiff, Jack Caravanos, Stanley Quenchers, Brian van der, Krohn Organizations: Service, Pacific Market International, Business, PMI, Stanley, Clothing, Social, Washington Post, Hydro, Hydro Flask's Locations: Washington State

☆ Asia-Pacific markets are set to fall, tracking Wall Street losses; Japan parses souring business sentiment
▼ + stars: | 2024-02-21 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to fall Wednesday, tracking Wall Street losses. Japan's Nikkei 225 is set to fall as investors assess the country's trade data and souring business sentiment among large Japanese manufacturers. The Nikkei futures contract in Chicago was at 38,260 and its counterpart in Osaka was at 38,280 against the index's last close of 38,363.61. Japanese manufacturers' business confidence soured in February, tumbling to -1 compared to the previous month's reading of 6, according to the Reuters Tankan poll. The Reuters monthly poll is considered to be a leading indicator of the Bank of Japan's official survey.

Organizations: Nikkei, Reuters, Bank of Japan's Locations: Asia, Pacific, Australia, Chicago, Osaka, Japan, Germany

☆ Hyundai subsidiary Supernal says it's tapping the Asia-Pacific market for advanced air mobility
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyundai subsidiary Supernal says it's tapping the Asia-Pacific market for advanced air mobilityJaiwon Shin, CEO of Supernal, discusses its S-A2 eVTOL (electric vertical take-off and landing) aircraft concept. He says the company hopes it'll enter the market in 2028, adding that "we are really trying to build this vehicle to meet the safety standards of commercial aviation. If we don't do that, I don't believe public acceptance will be there."

Persons: Shin, it'll Organizations: Hyundai Locations: Asia, Pacific

European stocks ended the day slightly lower on Tuesday as sentiment struggled to pick up in global markets. Mining stocks fell 1.84%, as tech dropped 1.7%, while chemicals jumped 2.5%. Asia-Pacific markets fell Tuesday, as investors parsed the Chinese central bank's decisions on key lending rates. In the U.S., stocks were lower as the market came off its first losing week in more than a month. U.S. markets were closed Monday for the Presidents Day holiday.

Organizations: Barclays, U.S . Federal Locations: Asia, Pacific, U.S

☆ Despite Japan’s economic recession, Asian stocks rise
▼ + stars: | 2024-02-16 | by ( Diksha Madhok | Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong/New Delhi CNN —Japan’s stock market defied gloomy economic data to rally Friday, lifting broader Asian shares and ending the week on a buoyant note. Japan’s benchmark Nikkei 225 index closed above 38,000 points for the second day in a row, just a whisker off its historic peak reached in December 1989. “If anything, the window of opportunity created by the weak yen is encouraging international investors, as they suspect it will close soon,” he added. The MSCI’s broadest index of Asian shares excluding Japan closed more than 1% higher. On Wall Street, the S&P 500 closed at a record high of 5,029.73 Thursday as US stocks bounced back from steep losses earlier this week.

Persons: ”, Neil Newman, Stephen Innes, Austan Goolsbee, Innes, Korea’s Organizations: Hong Kong / New Delhi CNN, Analysts, Japan, Dow, Nasdaq, Federal Reserve, Fed, Chicago Fed Locations: Hong Kong / New Delhi, Tokyo, United Kingdom, Asia, Pacific, New York, China

☆ Asia markets set to track Wall Street gains with S&P 500 hitting a record high overnight
▼ + stars: | 2024-02-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to rise Friday, tracking Wall Street gains, with the S&P 500 notching a fresh record high. Japan's Nikkei 225 is set to extend gains, a day after the country lost its spot as the fourth-largest economy to Germany and entered into a technical recession. Nikkei futures contract in Chicago were at 38,625 and its counterpart in Osaka at 38,650 against the index's last close of 38,157.94Economic slowdown has raised hopes Japan may stick with its ultra-loose monetary policy for longer. Mainland China markets remain closed for the Chinese New Year holidays. Investors await Singapore 2024 budget, slated to be released later in the day.

Organizations: Nikkei, Investors Locations: Asia, Pacific, Australia, Germany, Chicago, Osaka, Japan, Mainland China, Singapore

☆ CNBC Daily Open: Concerns over sluggish U.S. consumer spending
▼ + stars: | 2024-02-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

(Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)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. Shares of most of those artificial intelligence companies soared on Thursday, reflecting investors' strong interest to ride on Nvidia's AI growth story. [PRO] Asia's AI standoutsGiven the artificial intelligence boom, Morgan Stanley picked stocks it called "underappreciated beneficiaries" in Asia-Pacific. The biggest share of AI beneficiaries in Asia and emerging markets were found in IT and communications, the bank said.

Persons: ANDREW CABALLERO, REYNOLDS, BOJ, Kazuo Ueda, Tesla, Jim Farley, It's, Morgan Stanley Organizations: Pentagon, AFP, Getty, CNBC, Nikkei, Dow Jones, Nasdaq, Bank of Japan, U.S, Ford Ford, Ford Pro Locations: Arlington , Virginia, Asia, Pacific, Germany, Japan, Riding

☆ Asia markets set to rebound as Wall Street recovers ground; Japan and Singapore GDP on tap
▼ + stars: | 2024-02-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A woman rides her bicycle with the Marina Bay Sands hotel and high-rise buildings in the background in Singapore on Sept. 4, 2023. Roslan Rahman | AFP | Getty ImagesAsia-Pacific markets were set to rebound after mostly falling on Wednesday after hotter-than-expected U.S. inflation data stoked concerns the Federal Reserve might keep interest rates higher for longer. On Thursday, investors will also assess gross domestic product reading from Japan and Singapore, as well as trade numbers from South Korea. Should the index match the futures level, it would be less than 1,000 points from its all-time high of 38,915.87 hit on Dec. 29, 1989. Futures for Hong Kong's Hang Seng index stood at 15,931, pointing to a stronger open compared with the HSI's close of 15,879.38.

Persons: Roslan Rahman Organizations: AFP, Getty, Reserve, Japan's Nikkei Locations: Sands, Singapore, Asia, Pacific, Japan, South Korea, Chicago, Osaka, Australia

☆ Asia markets poised to track Wall Street declines after hotter-than-expected U.S. inflation data
▼ + stars: | 2024-02-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were set to track Wall Street losses after U.S. January inflation came in hotter than expected, with the consumer price index climbing 3.1% on a 12-month basis and 0.3% for the month. Economists polled by Dow Jones expected the CPI to have increased by 0.2% month over month in January and 2.9% on an annual basis. Core prices, which exclude volatile food and energy components, rose 0.4% month over month and 3.9% from a year ago. Core CPI was expected to have increased 0.3% in January and 3.7% from a year earlier, respectively. Japan's Nikkei 225 was also set to retreat from 34-year highs, with the futures contract in Chicago at 37,715 and its counterpart in Osaka at 37,670 against the index's last close of 37,963.97.

Persons: Dow Jones, Masato Kanda Organizations: U.S, CPI, Nikkei, Reuters, Stock Locations: Asia, Pacific, Australia, Chicago, Osaka

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