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☆ Asian shares rally, dollar slides on bets Fed almost done hiking
▼ + stars: | 2023-07-13 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1.5%, bolstered by a 2.1% jump in Hong Kong's Hang Seng index (.HSI) and a 1.4% gain in Australia's resources-heavy shares (.AXJO). Overnight, the much-watched U.S. consumer inflation report provided better news than markets had hoped for. In particular, core inflation, which the Fed has feared to be sticky, also showed a sharper-than-expected slowdown. Elsewhere, oil prices settled near the highest in two months on a soft U.S. dollar. Brent crude futures rose 0.2% to $80.29 per barrel and U.S. West Texas Intermediate crude futures were up 0.2 at $75.88.

Persons: Li Qiang, Michael Feroli, Bonds, Alan Ruskin, Stella Qiu, Jamie Freed Organizations: SYDNEY, Japan's Nikkei, Index, Fed, Nasdaq, JPMorgan, FedWatch, U.S, European Central Bank, Deutsche Bank ., Bank of Canada, Brent, . West Texas, Thomson Locations: China, Asia, Pacific, Japan, Hong Kong, Canada

☆ Asia markets set to rise as U.S. inflation rate slows more than expected
▼ + stars: | 2023-07-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to rise on Thursday after the U.S. inflation rate for June came in lower than expected at 3%, the smallest increase in two years. Month over month, the inflation rate rose 0.2%, less than forecast. In Asia, investors will be looking to China's June trade numbers, as well as the rate decision by South Korea's central bank. Economists polled by Reuters expect the central bank to hold rates at 3.5% for a sixth straight month. Hong Kong's Hang Seng index looks set for a positive open after two straight days of gains, with futures at 19,213 compared to the HSI's last close of 18,860.95.

Persons: Dow Jones Organizations: Reuters, Nikkei Locations: Asia, Pacific, Japan, Chicago, Osaka, Australia, Hong

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.853%, down 12.9 basis points . EARNINGS AHEADOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, dealmaking, Boston, London, Singapore, Carolina, New York

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.885%, down 9.7 basis points . GLOBAL STOCKS, COMMODITIESOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Shashwat Chauhan, Jan Harvey, Chizu Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Boston, London, Singapore, Bengaluru

☆ Morning Bid: Dollar swoons in upbeat inflation vigil
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanWorld markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar (.DXY) slide to two-month lows that's revved-up yen and sterling gains. And June's CPI readout should be a marker if the consensus forecast for almost a full percentage-point drop in the headline inflation rate to two year lows of just 3.1% is borne out. Still, encouraged by a screed of other positive disinflation signals this week, U.S. markets are relatively buoyant going into the release and still feel the end of the Fed rate rise campaign is nigh. UK bank stocks pushed higher on the rates view and a relatively clean bill of health from Wednesday's financial stability report from the BOE. The Reserve Bank of New Zealand paused its long-running rate rise campaign early on Tuesday.

Persons: Mike Dolan, BOE, Thomas Barkin, Raphael Bostic, Neel Kashkari, Loretta Mester, Joe Biden, Nick Macfie Organizations: Federal Reserve, Fed, yearend, Treasury, Bank of Japan, Bank of, recoiling, Reserve Bank of New Zealand, Bank of Canada, Japan's Nikkei, Microsoft, Activision, Richmond Federal, Atlanta Fed, Minneapolis Fed, Cleveland Fed, NATO, . Treasury, Reuters, Reuters Graphics, Thomson Locations: U.S, Asia, Shanghai, Hong Kong, British, Vilnius

☆ Asian shares rise, dollar dips as traders await US inflation data
▼ + stars: | 2023-07-12 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

The Japanese yen strengthened against most major currencies and last fetched 139.43 against the dollar, its highest in a month. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.61% higher, while Australia's S&P/ASX 200 index (.AXJO) rose 0.54%. "However, if the core CPI decelerates as anticipated, investors may continue to keep the odds for September and November rate hikes low." China shares (.SSEC) eased 0.14%, while Hong Kong's Hang Seng Index (.HSI) rose 0.5% in early trading. The dollar index , which measures the U.S. currency against six peers, fell 0.197% at 101.40, having slid as low as 101.37, its lowest in two months.

Persons: Australia's, Hong, Rodrigo Catril, Wells, Saira Malik, Brent, Ankur Banerjee Organizations: Federal, Japan's Nikkei, Reuters, Saxo Markets, National Australia Bank, Investor, JPMorgan, Citigroup, New Zealand, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, Wall, dealmaking

☆ 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

☆ Asian shares jump as investors eye end to Fed hikes, China stimulus
▼ + stars: | 2023-07-11 | by ( Julie Zhu | ) www.reuters.com time to read: +3 min

HONG KONG, July 11 (Reuters) - Asian shares bounced and the safe-haven dollar edged lower on Tuesday as investors hoped this week's U.S. inflation data supports an imminent end to rate hikes and cheered the prospect China will deliver economic stimulus to prop up stalling growth. Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.7% while U.S. stock futures, the S&P 500 e-minis , rose 0.06%. Australian shares (.AXJO) edged up 1.01%, while Japan's Nikkei stock index (.N225) rose 0.66%. Shares of Intel (INTC.O) rose 2.8% and an index of semiconductors (.SOX) was up 2.1%. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.8639% compared with a U.S. close of 4.862%.

Persons: HSI, Brent, Sam Holmes Organizations: Federal, U.S, CPI, ANZ, Japan's Nikkei, Dow Jones, Nasdaq, Intel, Treasuries, Treasury, Thomson Locations: HONG KONG, U.S, China, Asia, Pacific, Japan, Refinitiv

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 are set to rise on Tuesday, tracking moves on Wall Street as U.S. markets snapped a three-day losing streak. Australia will release consumer confidence surveys out from Australia, while the Philippines will also publish its trade numbers for June. In Australia, futures for the S&P/ASX 200 were at 7,006, higher than the index's last close of 7,004. Japan's Nikkei 225 looks set to rise after a five day losing streak, with the futures contract in Chicago at 32,370, and its counterpart in Osaka at 32,310 against its last close at 32,189.73.

Organizations: Sydney Harbour, Opera House, Nikkei Locations: Sydney, Australia, Asia, Pacific, Philippines, Chicago, Osaka

☆ Morning Bid: As yields and the yen go, so goes the dollar
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +2 min

Traders in Asia nudged both yields and the dollar a whisker lower on Tuesday, with an eye on Wednesday's U.S. inflation data. Two-year and ten-year Treasury yields are back below 5% and 4%, respectively. The yen is in the driver's seat in foreign exchange markets, as investors pull back on high-yielding bets in emerging markets that have been funded by cheaply borrowed yen. Such trades are placed by selling yen for dollars and then dollars for emerging-market currencies such as the peso or the real, so reversing them requires selling dollars for yen. The yen has risen to the strong side of 141 per dollar for the first time in three weeks.

Persons: Tom Westbrook, Janet Yellen's, Edmund Klamann Organizations: Traders, ., HK, Ant Group, Treasury, Thomson Locations: Asia, U.S, Beijing, Hong Kong

General view of the financial district of Lujiazui in Pudong district in Shanghai on April 12, 2023. Asia-Pacific markets are set to largely rise ahead of key inflation reports this week, including the U.S. consumer price index report due Wednesday and the producer price index on Thursday. In the region, China's inflation rate and producer prices later today will provide more context to the country's recovery trajectory. Economists polled by Reuters expect the CPI reading to remain unchanged after producer prices plunged last month. However, Australia's S&P/ASX 200 is set to fall, with futures for the S&P/ASX 200 at 7,013, lower than the index's last close of 7,042.3.

Persons: Janet Yellen, Australia's Organizations: Reuters, Treasury, Nikkei Locations: Lujiazui, Pudong, Shanghai, Asia, Pacific, U.S, Beijing, Japan, Chicago, Osaka

HONG KONG, July 10 (Reuters) - Alibaba Group (9988.HK) and Tencent (0700.HK) shares rose in Hong Kong on Monday after China's $984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country's technology sector. Alibaba's Hong Kong-listed shares were up nearly 4% by 0230 GMT on Monday, outpacing a 1.3% gain for the broader market (.HSI), while Tencent's shares were up 1%. ANT GROUP VALUATION SLASHEDAlibaba, which spun off Ant 11 years ago and has a 33% stake, said on Sunday it was considering whether to participate in the buyback. Alibaba's U.S.-listed shares rose 8% on Friday after the penalty, one of the largest-ever fines for an internet company in China, was delivered. ($1 = 7.2310 Chinese yuan renminbi)Reporting by Scott Murdoch in Sydney and Donny Kwok in Hong Kong; Editing by Anne Marie Roantree, Muralikumar Anantharaman and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Jack Ma, Ant, Dickie Wong, Oshadhi Kumarasiri, Scott Murdoch, Donny Kwok, Anne Marie Roantree, Muralikumar Anantharaman, Jamie Freed Organizations: Alibaba, HK, Ant, People's Bank of China, Kingston Securities, Thomson Locations: HONG KONG, Hong Kong, Beijing, Alibaba's U.S, China, Sydney

☆ Buckling bond market casts pall over stocks
▼ + stars: | 2023-07-07 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

Overnight, surprisingly strong partial figures on the U.S. labour market sent a selloff in bond markets into overdrive and pushed the S&P 500 stock index (.SPX) 0.8% lower. Three-year and ten-year Australian government bond yields each rose a dozen basis points on Thursday and a dozen more on Friday morning to hit decade highs. Maybe there has to be some reassessment given the resilience of a lot of economies to higher rates so far." Even well-anchored Japanese government bond yields rose on Friday. Gold , which pays no income, was under pressure from higher yields while trading flat at $1,911 an ounce.

Persons: Jack Chambers, payrolls, Goldman Sachs, HSI, Tom Westbrook, Edmund Klamann Organizations: Japan's Nikkei, Federal Reserve, ANZ, stoke, Private U.S, ADP, U.S, Reserve Bank, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Britain, Sydney, U.S, Hong Kong, South Korea, Australia

☆ Morning Bid: Data-hit bond markets end summer lull
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +4 min

On top of that, there were signs that activity at dominant U.S. service sector firms picked up steam again last month too. Friday's release of the Labor Department's monthly national payrolls report will seal the picture. U.S. Treasury yields hit 16-year highs above 5%, German equivalents hit their highest in 15 years and British gilt yields scaled 2008 peaks. The VIX (.VIX) gauge of implied Wall St volatility - which had been peculiarly subdued right through last month - jumped to its highest since June 1. Crucially, 2-year Treasury yields edged back below 5%.

Persons: Mike Dolan, Lorie Logan, payrolls, HSI, Janet Yellen's, Elon, Lorrie Logan, Christine Lagarde, Joachim Nagel, Bank of England policymaker Catherine Mann, Emelia Sithole Organizations: readouts, Federal, Labor, Dallas Fed, Fed, Treasury, Nikkei, Twitter, Meta, Dallas Federal, Central Bank, Bank of England, NATO, Vilnius Reuters Graphics, Reuters Graphics Reuters, PMI Reuters Graphics Reuters, Thomson, Reuters Locations: U.S, China, Canada, New York, Vilnius Reuters

☆ Stocks slide, US yields climb amid hawkish Fed, China tensions
▼ + stars: | 2023-07-06 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

U.S. 10-year Treasury yields climbed to a fresh four-month high in Tokyo trading, and the dollar extended its rise against major peers. MSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) dropped 0.7%, after a 0.4% slide for the world index (.MIWO00000PUS) on Wednesday. U.S. E-mini stock futures pointed to a 0.1% lower restart for the S&P 500 (.SPX), following its overnight 0.2% decline. Ten-year Treasury yields climbed as high as 3.957% in Tokyo trading, after surging some 9 basis points overnight. Against the yen, though, the dollar's advances were conspicuously subdued, considering the currency pair's traditional close relationship with long-term U.S. yields.

Persons: HSI, Janet Yellen, Matt Simpson, Matsuzawa, Kevin Buckland Organizations: U.S . Federal Reserve, Nikkei, Treasury, U.S, Nomura Securities, Bank of Japan's, Brent, . West Texas, Thomson Locations: TOKYO, Asia, Pacific, China, United States, Tokyo, Taiwan, ., U.S, Beijing, Saudi Arabia, Russia

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

☆ Morning Bid: Markets labor on China, three jobs gauges
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanWorld markets have taken a hit from a deepening selloff in China as they await critical health checks on U.S. employment over the next two days. Although Fed futures pricing for the year ahead changed little overnight, two-year U.S. Treasury yields edged up closer to 5%. ADP's June take on private sector payrolls, the latest weekly jobless claims numbers and details of May job openings all hit the slate later. Consensus forecasts have ADP reporting another 228,000 jobs last month, jobless claims ticking higher last week and vacancies falling in May. Events to watch for later on Thursday:* U.S. June ADP private sector jobs report, weekly jobless claims and May JOLTS job openings data.

Persons: Mike Dolan, Janet Yellen, Goldman Sachs, restating, John Williams, Elon Musk, Lorrie Logan, Elaine Organizations: U.S, Treasury, Goldman, Federal, New York Fed, Labor Department's, Dallas Federal, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, China, Beijing, Hong Kong, Shanghai, Tokyo, Seoul, British, Europe

☆ 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

European stocks (.STOXX) slipped 0.6%, heading for their first daily loss in eight sessions, with German shares (.GDAXI) down the same amount. The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, fell 0.2%. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.8% after the China data. Japan's Nikkei (.N225) also fell 0.3% on profit-taking after climbing to three-decade highs. Brent crude futures fell 0.3% to $75.97 a barrel after climbing 2.1% overnight.

Persons: Michael Hewson, Guy Miller, Brent, Tom Wilson, Stella Qiu, Dhara, Sam Holmes, Helen Popper, Christina Fincher Organizations: Global, Federal, Independence, CMC Markets, Reuters, Zurich Insurance Group, U.S, Japan's Nikkei, Thomson Locations: SYDNEY, China, U.S, Europe, United States, Asia, Pacific, Japan, Tokyo, Saudi Arabia, Russia, London, Sydney

Wall Street was set for losses, too, with S&P 500 futures and Nasdaq futures down 0.2%-0.4%. The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, fell 0.2%. The U.S. dollar drifted near the middle of its range of the past three weeks against major peers, with the dollar index down 0.1% to 102.99, after tracking between 103.75 and 102.75 since early June. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.7% after the China data. Brent crude futures fell 0.2% to $76.05 a barrel after climbing 2.1% overnight.

Persons: Michael Hewson, Guy Miller, Brent, Tom Wilson, Stella Qiu, Dhara, Sam Holmes, Helen Popper Our Organizations: Nikkei, Global, Federal, Nasdaq, CMC Markets, Reuters, Zurich Insurance Group, U.S, Japan's Nikkei, Thomson Locations: SYDNEY, U.S, United States, Asia, Pacific, Japan, China, Saudi Arabia, Russia, London, Sydney

☆ Asian shares fall on growth concerns, focus shifts to Fed minutes
▼ + stars: | 2023-07-05 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

S&P 500 futures dipped 0.1% and Nasdaq futures fell 0.2%. Australia's resources heavy shares (.AXJO) fell 0.2% after the Reserve Bank of Australia held rates steady on Tuesday but warned of more tightening ahead. However, shares of some Chinese makers of products used to make chips rallied as supply concerns sent prices of the metals higher. "It now seems the thesis has evolved, and the market wants to see strong job creation, conditional on subdued wage growth." Brent crude futures fell 0.6% to $75.78 a barrel after climbing 2.1% overnight.

Persons: HSI, Andrew McCaffery, Janet Yellen, Chris Weston, Brent, Stella Qiu, Sam Holmes Organizations: Nikkei, SYDNEY, Federal, Day, Nasdaq, Japan's Nikkei, Reserve Bank of Australia, Fidelity International, Traders, Reuters, Australian, Thomson Locations: U.S, Asia, Pacific, Japan, China, US, Beijing, Washington, United States, Saudi Arabia, Russia

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

☆ Morning Bid: Minutes meted, China crunch
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanAs U.S. markets return from Independence Day, the Federal Reserve's slightly awkward deliberations are laid bare again just as China's markets shrink from more unnerving economic signs. The Fed minutes out later will sketch out how close that is to the thinking in Washington. Going into the release, futures markets are 80% priced for another quarter-point policy rate rise to 5.5-5.75% this month and have 33 basis points of hikes pencilled in by November. The dollar (.DXY) was steady to firmer, with China's offshore yuan reversing all of Tuesday's gains. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Janet Yellen, HSI, Goldman Sachs, John Williams, Christina Fincher Organizations: Independence, U.S, Treasury, Bank, Reserve Bank of Australia, Federal, New York Fed, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, China, Shanghai, Hong Kong, Beijing, Washington, Monday's, Saudi Arabia, Russia

(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

☆ Stocks firmer after dip in euro zone inflation, dollar firm
▼ + stars: | 2023-06-30 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 29, 2023. REUTERS/StaffLONDON, June 30 (Reuters) - Global shares stocks were firmer on Friday after data showed that inflation in the euro zone continued to fall this month, and attention turned to U.S. prices figures before the opening bell on Wall Streeet. The dollar and U.S. stock index futures , were firm ahead of the U.S. Personal Consumption Expenditures (PCE) index reading due at 1230 GMT, the Fed's favoured inflation gauge. Euro zone inflation fell to 5.5% in June as the cost of fuel tumbled, with Germany the only country to report an increase, with the European Central Bank still on course for a ninth consecutive rate hike next month, sending euro zone government bond yields higher.

Persons: Jerome Powell, Patrick Spencer, Baird, Spencer, Shunichi Suzuki, Rob Carnell, Hong, Brent, Gold, Huw Jones, Ankur Banerjee, Stephen Coates, Kim Coghill, Chizu Organizations: REUTERS, Staff LONDON, Global, U.S, Federal, European Central Bank, ECB, ING, Big Tech, Finance, Nikkei, Strong U.S, Thomson Locations: Frankfurt, Germany, U.S, Europe, CHINA, Asia, China, Pacific, Japan, Shanghai, Strong

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