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☆ CNBC Daily Open: Cool inflation and hot markets
▼ + stars: | 2023-07-13 | by ( Yeo Boon Ping | ) 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. Disinflation in processU.S. headline inflation in June rose just 0.2% compared with May, and 3% from a year ago — the lowest level since March 2021. Excluding food and energy prices, core CPI was 0.2% higher month on month and 4.8% higher on an annual basis. China's trade trickling dryChina's trade activity in June indicated the country's economic slump isn't over.

Persons: Dow Jones, xAI Elon Musk, xAI, Michael Schumacher Organizations: CNBC, Nasdaq, Imports, SpaceX, Twitter, Google, Federal Reserve, Wells, Wells Fargo Securities Locations: Asia, Pacific, South, Wells Fargo

☆ Asia markets largely higher ahead of India and U.S. inflation data
▼ + stars: | 2023-07-12 | 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. Asia-Pacific markets were mostly higher ahead of key inflation data out of India and the U.S on Wednesday. Economists expect the U.S. inflation rate for June to fall slightly to 5%, down from 5.3% in May, based on a Reuters poll. The inflation print, along with producer prices data on Thursday, will give clues to the Federal Reserve's path for rate hikes. However, South Korea's Kospi bucked the trend and opened 0.13% lower, while the Kosdaq saw a smaller loss of 0.07% as the country saw its unemployment rate climb slightly to 2.6% in June.

Persons: Hong Organizations: U.S, Wednesday, Nikkei Locations: Mumbai, India, Asia, Pacific, Japan

☆ Record UK wage growth adds to inflation fears; Europe markets open higher: Live updates
▼ + stars: | 2023-07-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets advanced on Tuesday, tracking the trend across the Atlantic after Wall Street snapped a three-day losing streak, with investors looking ahead to key U.S. inflation figures later this week. The pan-European Stoxx 600 was up 0.3% in early trade, having pared some of its opening gains. Mining stocks added 1.4% to lead gains while autos slipped 0.5%, as most sectors and major bourses traded in positive territory. U.S. stock futures were little changed in early premarket trade after the major U.S. averages eked out gains on Monday. Back in Europe, U.K. wage growth hit a joint-record high in the three months to the end of May, deepening concerns about entrenched high inflation.

Persons: Hong, Wells Organizations: Wall, Mining, Investors, BlackRock, JPMorgan Chase, Citi Locations: Asia, Pacific, U.S, Wells Fargo, Europe, London

☆ CNBC Daily Open: Jobs are still growing uncontrollably
▼ + stars: | 2023-07-07 | by ( Yeo Boon Ping | ) 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. The ADP jobs report doesn't necessarily give a good estimate of the Department of Labor's jobs report. Worst days and plunging profitsU.S. stocks fell Thursday as traders grew concerned over what the scorching hot ADP jobs report means for interest rates. But there are six U.S.-listed Chinese stocks that Morgan Stanley says have the potential to rise dramatically — one's a chipmaker that can soar 80%.

Persons: Dow Jones, Korea's Kospi, Janet Yellen, Yellen, Morgan Stanley Organizations: CNBC, Department, Samsung Electronics, Reuters, Treasury, U.S ., Treasury Department, Economist Intelligence Unit Locations: Asia, Pacific, Hong Kong, China, Beijing, U.S, Japan, South Korea, Philippines, Taiwan

☆ Asia markets extend declines as U.S. jobs data triggers sell-off on Wall Street
▼ + stars: | 2023-07-07 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Red lanterns are hung up on the street in Wan Chai, Hong Kong. (Photo by Zhang Wei/China News Service via Getty Images)Markets in Asia-Pacific marked a second day of declines after Wall Street sold off on stronger-than-expected U.S. jobs data, leaving room for more rate hikes ahead by the Federal Reserve. Private sector jobs surged by 497,000 for the month, much better than the 220,000 Dow Jones consensus estimate. The data also followed minutes of the Federal Reserve's June meeting, released Wednesday, which showed that most officials would support more rate increases ahead. In South Korea, the Kospi slid 0.51% as Samsung Electronics estimated a 96% likely plunge in its second quarter operating profit.

Persons: Zhang Wei Organizations: China News Service, Getty, Federal Reserve, Companies, Dow Jones, Nikkei, Samsung Electronics Locations: Wan Chai, Hong Kong, Asia, Pacific, South Korea, Australia

Asia-Pacific markets are set to fall after minutes from the U.S. Federal Reserve revealed that the Federal Open Market Committee is set to deliver more rate hikes at a slower pace. In Japan, the Nikkei 225 fell 1.29% in its first hour of trade and the Topix shed 0.83%. This comes after China on Wednesday unexpectedly canceled EU High Representative for Foreign Affairs Josep Borrell's visit to China. Hong Kong's Hang Seng index is also set to fall, with futures at 18,956 compared to the HSI's last close of 19,110.38. In Southeast Asia, Malaysia's central bank is expected to hold its overnight policy rate steady at 3%, according to a Reuters poll.

Persons: Janet Yellen, Foreign Affairs Josep Borrell's Organizations: Skyline, U.S . Federal Reserve, Federal, Nikkei, U.S, Treasury, Wednesday, EU, Representative, Foreign Affairs Locations: Sydney, Australia, Asia, Pacific, Japan, South Korea, Beijing, China, Hong, Southeast Asia

☆ Hong Kong stocks slump on worries about Chinese banks, US interest rates
▼ + stars: | 2023-07-06 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Hong Kong stocks on Thursday recorded their worst day in four months, after Goldman Sachs downgraded major Chinese banks on local government debt risks and the US Federal Reserve gave a hawkish outlook. Financial shares led the sell-off, after Goldman Sachs downgraded several Chinese banks. The Hang Seng Mainland Banks Index, which tracks mainland Chinese banks listed in Hong Kong, plummeted 6.5%. These banks face earnings risks stemming from their exposure to China’s local government debt, the Wall Street firm said. Sentiment in Hong Kong markets was also affected by the Fed’s hawkish rate outlook.

Persons: Goldman Sachs, Xi Jinping’s, ” “, ”, Stephen Innes, Janet Yellen, Biden, Korea’s Kospi Organizations: Hong Kong CNN, US Federal Reserve, Asia Pacific . Financial, Mainland Banks Index, Commerical Bank of China, Industrial Bank, Bank of China, Bank of Communications, Huaxia Bank, US, Nikkei Locations: Hong Kong, Asia, Mainland, “, China, Beijing, Shanghai

Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China. Asia-Pacific markets were mixed as investors await the release of private surveys on services activity in China and Japan. In Japan, the Nikkei 225 fell 0.72% in its first hour of trade and the Topix inched 0.5% lower. Australia's S&P/ASX 200 fell fractionally after the Reserve Bank of Australia held rates at 4.1% on Tuesday. Hong Kong's Hang Seng index is also set to reverse its gains from Tuesday, with futures at 19,265 compared to the HSI's close of 19,415.68.

Persons: Korea's Kospi, Australia's, Hong Organizations: Nikkei, Reserve Bank of Australia Locations: Shanghai, China, Asia, Pacific, Japan, Philippines, Thailand

☆ CNBC Daily Open: Tesla booms in a quiet market
▼ + stars: | 2023-07-04 | by ( Yeo Boon Ping | ) 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. Asia-Pacific markets traded mixed Tuesday. [PRO] Weight loss, stock gainA new class of weight loss drugs will be hitting the U.S. soon. With more than two-thirds of adults in the U.S. having obesity, that's a potentially large market for pharmaceutical companies.

Organizations: CNBC, U.S, country's Ministry of Commerce Locations: Asia, Pacific, China, U.S

(Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)Asia-Pacific markets largely fell ahead of Australia's central bank rate decision. Australia's S&P/ASX 200 opened close to the flatline on Tuesday. South Korea's Kospi fell marginally, while the Kosdaq bucked the trend and climbed 0.13%. The country's consumer price index grew at a slower rate of 2.7% in June, marking a fifth straight month of decline. Hong Kong's Hang Seng index is set to fall after gaining over 2% on Monday, with futures at 19,176 compared to the HSI's last close of 19,306.59.

Persons: Ed JONES, ED JONES, Australia's, Korea's Kospi Organizations: Getty Images, Reuters, Bank of Australia, Nikkei Locations: Seoul, AFP, Asia, Pacific, Australia's, Japan

☆ CNBC Daily Open: Markets overcame a tough first half
▼ + stars: | 2023-07-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Sublime first half for stocksPop the champagne: On Friday, U.S. stocks ended in the green for the day, week, quarter and first half of the year. Asia-Pacific markets rose Monday on the back of Wall Street's rally: Japan's Nikkei 225 popped 1.67%, Hong Kong's Hang Seng Index jumped 1.73% and South Korea's Kospi climbed 1.5%. Tesla zooms aheadTesla produced 479,700 vehicles and delivered 466,140 vehicles during the second quarter. The delivery figures are an 83% year-over-year increase that beat Wall Street's expectations. Movements around ChinaU.S. Treasury Secretary Janet Yellen will travel to Beijing this week to meet with senior Chinese officials.

Persons: Kospi, Tesla, Elon, Janet Yellen, Biden, doesn't, Pan Gongsheng, — Organizations: Nikkei, Elon Musk's, China U.S, Treasury, People's Bank of China, Big Tech, UBS Locations: U.S, Asia, Pacific, Wall, China, Beijing

☆ Asia markets fall after Wall Street's banks jump on stress test results
▼ + stars: | 2023-06-30 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets mostly fell on the final trading day of the first half of the year. The Dow Jones Industrial Average rose, lifted by shares of large banks jumping after passing the Federal Reserve's annual stress test. A revised U.S. gross domestic product print also helped lift investor sentiment, alleviating recession fears on Wall Street. Investors will look ahead to the latest data on personal consumption expenditures, the Federal Reserve's favored inflation gauge. Japanese stocks fell as investors digested Tokyo's core consumer price index, which remained at levels above the central bank's target for thirteen straight months.

Organizations: Mitsui OSK Lines, Dow Jones, Federal, Nikkei Locations: Tokyo, Asia, Pacific, South Korea, Australia

☆ CNBC Daily Open: Don't bet against the U.S. economy
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) 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. China's businesses falterChina's factory activity in June shrank for a third consecutive month, according to data from the National Bureau of Statistics. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 1.9% in extended training.

Persons: Dow, —, Bob Pisani Organizations: CNBC, Commerce, Dow Jones, Federal, Nikkei, National Bureau of Statistics, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: U.S, Asia, Pacific, China, New Mexico

☆ CNBC Daily Open: Skimming off the froth
▼ + stars: | 2023-06-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work the floor of the New York Stock Exchange in New York City on May 31, 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. But CNBC found it's more likely because large institutional investors are buying bitcoin as liquidity remains low. [PRO] Markets on an even footingMarkets may have declined last week, but CNBC Pro's Michael Santoli thinks there's still a "favorable underlying market trend."

Persons: Kospi, Wagner Group's, Wagner, Yevgeny Prigozhin, Antony Blinken, Prigozhin, Ian Bremmer, Moody's, it's, Michael Santoli, there's Organizations: New York Stock Exchange, CNBC, Wagner Group, U.S, Eurasia Group, Moody's Investors, BlackRock Locations: New York City, Europe, Asia, Pacific, Russia, Rostov, Moscow, U.S

☆ Asian markets slide as investors fear more rate hikes by major central banks
▼ + stars: | 2023-06-23 | by ( Laura He | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —Asian stock markets tumbled Friday as investors fretted that more interest rate hikes by major central banks would drag on global economic growth. Mainland Chinese stock markets were closed for a public holiday. Federal Reserve Chair Jerome Powell said Wednesday that more interest rate increases might be needed this year to bring down US inflation to the central bank’s 2% target. “The re-acceleration of global monetary policy tightening dampened markets’ sentiment across regions,” said Ken Cheung, chief foreign exchange strategist for Asia at Mizuho Bank. “The increasing inflation momentum will pave the way for the Bank of Japan’s inflation upgrade and the possible monetary policy tweak in the medium term.”

Persons: Australia’s, Kospi, Jerome Powell, ”, “, Ken Cheung Organizations: Hong Kong CNN, Nikkei, US, Bank of England, Bank of Japan, Mizuho Bank, Bank of Locations: Hong Kong, South, Japan, Asia

☆ Asia markets set to fall as Wall Street rally cools from last week
▼ + stars: | 2023-06-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan. Asia-Pacific markets are set to fall Wednesday, mirroring moves on Wall Street as stocks came back from the Juneteenth holiday to trade lower on Tuesday. In Japan, the Nikkei 225 slid 0.42%, leading losses in the region along with the Topix, which fell 0.21%. In Australia, the S&P/ASX 200 fell 0.21%, and if the losses hold, this would break the index's seven-day winning streak. Hong Kong's Hang Seng index also looks set to extend its losses for a third-straight day, with futures at 19,347 compared to the HSI's close of 19,607.08.

Persons: Kazuo Ueda, Kospi Organizations: Tokyo Stock Exchange, Japan Exchange Group, Nikkei Locations: Tokyo, Japan, Asia, Pacific, Australia

This gives room for the Federal Reserve to pause and skip a rate hike when they meet later this week. In Japan, the Nikkei 225 popped 1.05% on its open, inching closer to the Nikkei's all time high is just under 39,000 points in December 1989. In Australia, the S&P/ASX 200 climbed 0.32%, while South Korea's Kospi slipped 0.22% and the Kosdaq traded close to the flatline. South Korea's unemployment rate came in at 2.5% for May, falling for the second straight month and lower than the 2.6% recorded in April. Hong Kong's Hang Seng index is also set for a strong open, with futures at 19,535 compared to the HSI's close of 19,521.42.

Persons: Ed JONES, ED JONES, Kospi, Hong Organizations: Getty Images, Federal Reserve, Nikkei Locations: Seoul, AFP, Asia, Pacific, U.S, Japan, Australia, South

☆ Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows
▼ + stars: | 2023-06-12 | by ( Jihye Lee | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesChina's lackluster economic recovery since emerging from strict "zero-Covid" lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors. Higher targets for JapanForeign investors have undoubtedly been key in driving the Japanese market, maintaining the highest levels the Nikkei has seen since 1990. During the same period last year, foreign investors had sold a net 1.73 trillion yen approximately. Wall Street banks including Morgan Stanley and Societe Generale are among those that are optimistic on Japanese stocks, holding "overweight" positions. Upside for Korea tech stocksSouth Korea is another market closely watched as concerns over China's recovery linger.

Persons: Goldman, Andrew Tilton, Berkshire Hathaway's Warren Buffett, India's, Goldman Sachs, Tilton, Morgan Stanley, ROE, Mike Wilson, we've, Price, Goldman's Tilton, Rhee Chang, Nomura, Chloe Andrieu, Pranjul Bhandari, Bhandari Organizations: Bloomberg, Getty, Asia, Pacific, Japan Foreign, Nikkei, Japan's Ministry of Finance, Societe Generale, Equity, U.S, UBS Global Wealth, U.S ., UBS, The Bank of, CNBC, Citi, AFP, Afp, Korea Financial Investment Association, South Korean, Fitch, Ben Advisors Locations: Macau, China, Japan, South Korea, India, Goldman Sachs, Berkshire, South, Shanghai, Shenzhen, Wall, Korea, Asia, The Bank of Korea, Fuyang, China's, Anhui, Indonesia

Cranes unload shipping containers from a vessel at the Port of Fremantle in Perth, Australia, on Monday, Aug. 26, 2013. Asia-Pacific markets are set to fall as Wall Street saw a pause in its market rally and the broad market index fluctuated near its highest closing levels since August 2022. China's exports fell further than than expected and Australia's central bank defied market expectations by delivering a 25 basis-point hike. South Korea's Kospi inched down 0.23% in early trade, while the Kosdaq saw a larger loss at 0.43%. Hong Kong's Hang Seng index is also set to fall after a brief rally on Wednesday, with futures at 19,116 compared to the HSI's close of 19,252.

Organizations: Port, Nikkei, Reuters, Bank of Locations: Fremantle, Perth, Australia, Asia, Pacific, Japan, Bank of India

Cargo ships stop at their berths to load and unload containers at the container terminal in Lianyungang Port, East China's Jiangsu province, June 5, 2023. In Australia, the S&P/ASX 200 rose 0.25%, ahead of Australia's first quarter GDP numbers. The country's economy is expected to expand 2.4% year-on-year, slightly slower than the 2.7% recorded in the fourth quarter of 2022. Japan stocks were higher, with the Nikkei 225 inching closer to the 33,000 level and rising 0.47%. South Korea's markets came back from a public holiday with a positive start, with the Kospi climbing 0.28% and the Kosdaq up by 0.6%.

Persons: Philip Lowe Organizations: Reserve Bank of Australia, Nikkei Locations: Lianyungang Port, East China's Jiangsu, Asia, Pacific, Australia, Australia's, Japan, South

☆ Hong Kong's Hang Seng jumps 3% led by gains in tech stocks
▼ + stars: | 2023-06-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Hong Kong spent more than HK$600 billion ($76.44 billion) on various pandemic relief programs for the past three years, forcing it to run rare budget deficits. Hong Kong's Hang Seng index was up 3% in its first hour of trade, leading gains in the wider region. The technology sector led the rally with stocks like Baidu, JD.com and Alibaba all up about 4%. The Kospi added 0.69% as South Korea's consumer inflation for May cooled to a 19-month low, easing for the fourth straight month. Mainland China's Shanghai Composite added 0.24% and the Shenzhen Component was down 0.67%.

Organizations: HK, Baidu, Nikkei, Shenzhen Component Locations: Hong Kong, Australia, Mainland, Shanghai

The Hang Seng (HSNGY)closed 4% higher, notching its biggest one-day gain in three months. Brent crude, the benchmark for global oil prices, gained almost 1.6% to trade at $75.46 a barrel. Hang Seng reboundsIn Hong Kong, the two best-performing stocks were Chinese real estate developers Longfor Group (LNGPF) and Country Garden Services, soaring 17% and 12% respectively. Citing people familiar with the matter, Bloomberg reported Friday that China was working on such measures. Elsewhere in Asia, South Korea’s Kospi index ended the day 1.3% up, Japan’s Nikkei 225 was 1.2% higher, and the Shanghai Composite Index gained 0.8%.

Persons: Philip Jefferson, Joe Biden, “, ”, Richard Hunter, ” Dow, Germany’s DAX, DAX Organizations: London CNN — Global, US, Markets, Treasury, Interactive, Nasdaq, CAC, Brent, Longfor, Garden Services, Bloomberg, Nikkei Locations: Hong Kong, London, China, France, Qingdao, Asia, South, Shanghai

People are reflected in an electronic quotation board displaying the 225-issue Nikkei Stock Average (top) as they cross a street in Tokyo on May 17, 2023. (Photo by Kazuhiro NOGI / AFP) (Photo by KAZUHIRO NOGI/AFP via Getty Images)Asia-Pacific markets were mostly higher on Thursday ahead of a final vote on the bill to raise the U.S. debt ceiling after it passed a key procedural hurdle in the House overnight. Private surveys for factory activity data for China, Japan, South Korea as well as several Asean countries will be released later today. In Japan, the Nikkei 225 saw a 0.18% gain after it retreated from the 31,000 mark on Wednesday, with the Topix also up by 0.22%. HSI futures stood at the lowest the index has been since Nov 28, 2022.

Persons: Kazuhiro NOGI, KAZUHIRO NOGI, Australia's Organizations: Nikkei, Getty Images, Asean Locations: Tokyo, AFP, Asia, Pacific, China, Japan, South Korea

☆ China’s small and medium-sized factories post surprise growth, easing market anxiety
▼ + stars: | 2023-06-01 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —A key gauge of China’s small- and medium-sized factories showed their surprise return to expansion last month, which eased market anxiety about growth stalling in the world’s second largest economy. The Caixin manufacturing Purchasing Managers’ Index (PMI) rose to 50.9 in May from April’s 49.5, according to a private survey. The Caixin survey is focused on small and medium-sized enterprises. Asian markets received a boost from the Caixin data. It settled 2% lower on Wednesday, weighed down by the weak China data and a stronger greenback.

Persons: Ken Cheung, Joe Biden, WTI Organizations: Hong Kong CNN, PMI, National Bureau of Statistics, Mizuho Bank, Nikkei, China’s, US, Senate, greenback . Locations: Hong Kong, April’s, China, China’s Shanghai

A pedestrian looks at an electronic quotation board showing numbers of the Nikkei 225 index in Tokyo on September 11, 2020. Asia-Pacific markets are mixed after Wall Street saw a tech rally led by Nvidia, and U.S. negotiators moved closer to a debt ceiling deal with just a week to go before the government faces a potential default. In Japan, the Nikkei 225 rose 0.31% to end the day at 30,916 after surpassing the 31,000 mark earlier in the day. South Korea's Kospi rose 0.16% to end at 2,558.81, reversing losses from Thursday , while the Kosdaq was down 0.53% and finished at 843.23. In Australia, the S&P/ASX 200 closed 0.23% at 7.154.8 after reversing earlier losses and snapping a four day losing streak.

Organizations: Nikkei, Nvidia, U.S, Shanghai, Shenzhen Component Locations: Tokyo, Asia, Pacific, Japan, Australia, Shenzhen, 10.909.65

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