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☆ Asia markets set to start week on strong footing; Biden-Xi talks awaited
▼ + stars: | 2023-11-13 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on Jan. 13, 2022. Asia-Pacific markets were set to open higher on Monday, bouncing off declines in the previous session as investors look to more economic data ahead of high-stakes talks between the U.S. and China. U.S. President Joe Biden and China's President Xi Jinping are set this week for their first in-person meeting in about a year. Separately, ratings agency Moody's Investors Service on Friday downgraded its ratings outlook on the U.S. government to negative from stable, pointing to rising risks to the nation's fiscal strength. Futures for Hong Kong's Hang Seng index stood at 17,372, pointing to a higher open compared with the HSI's close of 17,203.26.

Persons: Joe Biden, Xi Jinping Organizations: Tokyo Stock Exchange, U.S, Moody's, Nikkei Locations: Tokyo, Japan, Asia, Pacific, China . U.S, Chicago, Osaka, Australia

☆ Asia markets ease after Powell comments
▼ + stars: | 2023-11-10 | by ( Shreyashi Sanyal | ) 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 opened softer on Friday, retreating from small gains made in the previous session amid a downbeat tone set by U.S. markets overnight. South Korea's Kospi opened 0.83% lower, also down after gains on Thursday, while the Kosdaq shed 1.13% at open. In Australia, the S&P/ASX 200 traded 0.49% lower. Futures for Hong Kong's Hang Seng index stood at 17,546, pointing to a slightly stronger open compared with the HSI's close of 17,511.29.

Organizations: Tokyo Stock Exchange, Japan Exchange Group, Nikkei, Kospi Locations: Tokyo, Japan, Asia, Pacific, U.S, Australia

☆ CNBC Daily Open: Powell’s hawkish speech sent bond yields soaring
▼ + stars: | 2023-11-10 | 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. Hawkish PowellIn a speech that carried broad hawkish overtones, Federal Reserve Chair Jerome Powell said the U.S. central bank is "not confident" monetary policy is "sufficiently restrictive to bring inflation down to 2 percent." Still, Powell acknowledged there's a "risk of overtightening," and said "monetary policy is generally working the way we think it should work." Both are economic giants that have yet to achieve their full potential, but hold promises for emerging market investors.

Persons: Hawkish Powell, Jerome Powell, Powell, there's, Hong, Wynn Macau, Tesla's, Tesla, SMIC Organizations: CNBC, Nasdaq, Wynn, HSBC Global, HSBC, Li Auto, Chinese Passenger Car Association Locations: U.S, Asia, Pacific, Tesla's, China, India, —

☆ European markets tick lower as sentiment turns negative
▼ + stars: | 2023-11-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets edged lower at the open on Thursday as momentum in markets declined. The pan-European Stoxx 600 was 0.07% in the red shortly after the open. In the United States, S&P 500 futures were also lower after a session in which the broad-market index added to its longest winning streak since November 2021. Investors will be keeping an eye out for data on U.S. jobless claims on Thursday, as well as remarks from a slate of Federal Reserve officials, including chair Jerome Powell. Most Asia-Pacific markets edged higher overnight, with data from China showing consumer prices shrank faster than expected in October.

Persons: Jerome Powell Organizations: Federal Reserve Locations: United States, Asia, Pacific, China

☆ CNBC Daily Open: Slowing demand means fewer revenue beats
▼ + stars: | 2023-11-09 | 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. Disney pluses subscribersDisney's shares jumped around 3% in extended trading after the company reported quarterly earnings. But the firm's revenue fell short of estimates — its second consecutive miss — even as quarterly revenue increased 5% to $21.24 billion year on year. Weakness in ArmArm reported earnings for the first time after its initial public offering.

Persons: — Organizations: CNBC, Dow Major, Dow Jones, Japan's Nikkei, China's National Bureau, Statistics, Disney, BNP, CNBC Pro Locations: Asia, Pacific, China

☆ Asia markets gain ahead of China inflation data
▼ + stars: | 2023-11-09 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

People walk through Exchange Square in Hong Kong on October 28, 2022. Major lenders Standard Chartered and HSBC expressed confidence in the rebound of Hong Kong's and China's economy, even as China ramps up its Covid measures and Hong Kong's economy posted its worst quarter in more than two years. Most Asia-Pacific markets edged higher Thursday after indexes in the region fell for two straight days, as investors focus on inflation data from China. Market participants now await October consumer prices data from China, which is expected to fall 0.1% year-on-year according economists polled by Reuters. Producer prices are expected to decline 2.7%, according to a Reuters poll.

Persons: Hong Kong's Organizations: Chartered, HSBC, Reuters Locations: Hong Kong, China, Asia, Pacific, South

☆ Deutsche Bank boosts Asia bets as clients seek Wall Street alternative -CEO
▼ + stars: | 2023-11-09 | by ( Selena Li | ) www.reuters.com time to read: +4 min

Christian Sewing, CEO of Deutsche Bank, poses after an interview with Reuters in Hong Kong, China September 8, 2023. Asia offers higher profit margins than other regions, according to Sewing, who took the helm at the lender in 2018. It operates in 15 markets in Asia Pacific and generates about 15% of its global revenue in the region, he said. Sewing said that the demand for advice from clients in Asia Pacific was far higher than two or three years ago. At that time, it announced plans to cut around 18,000 staff worldwide, with teams disbanded and jobs cut in most of its Asia Pacific markets.

Persons: Selena Li, Sewing, Sumeet Chatterjee, Christian Organizations: Deutsche Bank, Reuters, REUTERS, Asia, Deutsche, UBS, Thomson Locations: Hong Kong, China, HONG KONG, Asia Pacific, U.S, Asia, Ho Chi Minh City, Seoul

☆ Asia markets open higher; Japan business sentiment improves
▼ + stars: | 2023-11-08 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

A man passes by an electronic board showing the stock indexes in Tokyo, Japan, Oct. 15, 2020. Asia-Pacific markets opened higher after most major indexes closed lower in the previous session. Wall Street's main indexes closed higher on Tuesday, with the S&P 500 and Nasdaq Composite clocking their longest winning streaks in nearly two years. The S&P 500 closed 0.28% higher, while the Nasdaq jumped 0.9%. The S&P 500 rose for a seventh consecutive day for the first time since its eight-day win streak in November 2021.

Persons: Du Xiaoyi, Dow, —, Samantha Subin, Brian Evans Organizations: White, Getty, Reuters, Nasdaq, Dow Jones Locations: Tokyo, Japan, U.S, Xinhua, Asia, Pacific, South Korea

European markets are heading for a negative open, continuing negative momentum since the start of the week. Corporate earnings continue to drive individual share price movement in Europe. Commerzbank, Credit Agricole, Marks and Spencer, Telefonica, Adidas and ABN Amro all reported Wednesday morning. Elsewhere overnight, most Asia-Pacific markets edged lower, extending declines from the previous session, while Japanese blue-chip stocks stayed afloat after a positive business sentiment survey. U.S. stock futures were flat overnight after the S&P 500 and Nasdaq Composite notched their longest winning streaks in about two years.

Organizations: Credit, Telefonica, Adidas, ABN Amro, Nasdaq Locations: Europe, Spencer, Asia, Pacific

☆ Asia-Pacific markets fall ahead of China trade data, RBA rate decision
▼ + stars: | 2023-11-07 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Photo: Carola Frentzen/dpa (Photo by Carola Frentzen/picture alliance via Getty Images)Asia-Pacific markets fell Tuesday ahead of trade data coming out of China, as well as a rate decision by the Reserve Bank of Australia. Australia's S&P/ASX 200 traded 0.22% lower ahead of the central bank's rate decision. Economists polled by Reuters expect the central bank to raise its key policy rate by 25 basis points to 4.35%. In Japan, the Nikkei 225 slipped 0.5% in its first hour of trade, while the Topix shed 0.39%. South Korea's Kospi fell 1.66%, easing off Monday's gains when the index posted its best session since late March 2020 after the country re-imposed a ban on short selling.

Persons: Carola Frentzen, Australia's, Korea's Kospi Organizations: Opera, Getty Images, Reserve Bank of Australia, Reuters, Nikkei Locations: Sydney, Asia, Pacific, China, Japan

☆ South Korea stocks lead Asia markets higher after short selling ban
▼ + stars: | 2023-11-06 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. South Korea stocks surged on Monday after the country re-imposed a ban on short-selling, while most Asia-Pacific markets took heart from a soft U.S. jobs report that helped reduce interest rate expectations. Financial authorities in South Korea said short-selling will be banned until the end of June 2024. Short-selling is when a trader sells borrowed shares to buy back at a lower price and pocket the difference. Japan's business activity expanded in October but at its softest pace this year, according to a private survey.

Persons: nonfarm, Dow Organizations: Federal Reserve Locations: Seoul . South Korea, Asia, Pacific, South Korea

☆ CNBC Daily Open: Markets enjoyed early frost in October’s jobs report
▼ + stars: | 2023-11-06 | 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. Markets reboundStocks and bonds in the U.S. rallied in tandem on Friday as markets digested jobs data and rebounded from October lows. [PRO] Surging semiconductor salesThe semiconductor industry was mired in a supply glut for the most of last year. For one, there was a 13% month on month jump in September's semiconductor sales to $46.9 billion.

Persons: nonfarm, That's, Korea's Kospi, Musk's Grok Elon, Grok, Berkshire Hathaway Organizations: CNBC, KPMG, Citi Locations: U.S, Asia, Pacific

☆ Asia markets rise ahead of key economic data
▼ + stars: | 2023-11-03 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Hong Kong Street Scene, Mongkok District with busses Nikada | E+ | Getty ImagesAsia-Pacific markets rose at the end of the week, with investors awaiting a fresh round of data for more clues on the health of services activity through the region. Services purchasing managers' index data from major economies including China, India and Hong Kong are set to be released throughout the day. Futures for Hong Kong's Hang Seng index stood at 17,455, pointing to a higher open compared with the HSI's close of 17,230.59. South Korea's Kospi rose 0.78% at the open, while the Kosdaq was up 0.14%. Japan markets were shut for a public holiday.

Organizations: Getty, Services Locations: Hong, Mongkok District, Asia, Pacific, China, India, Hong Kong, Japan, Australia

☆ CNBC Daily Open: Apple drops on a sunny day
▼ + stars: | 2023-11-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Exuberant stocksU.S. stocks enjoyed a broad rally Thursday, with all 11 S&P 500 sectors ending the day in positive territory. Bond yields declined. With bond yields hitting their highest in 16 years recently, it's clear the bond market has been experiencing a sell-off. (When bond yields go up, prices go down.)

Persons: Sam Bankman, Fried, Apple's, Elon, Musk Organizations: CNBC, Apple, CNBC Pro Locations: Asia, Pacific

☆ CNBC Daily Open: The Fed keeps rates, markets celebrate
▼ + stars: | 2023-11-02 | 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. Rates unchanged, againThe Federal Reserve kept interest rates unchanged, holding the key federal funds rate in a target range between 5.25% to 5.5%. Markets cheered decisionU.S. markets rallied Wednesday as investors digested — and cheered — the Fed's decision to hold rates steady. [PRO] The S&P 500(0) dreamIn August, Morgan Stanley Investment Management's Andrew Slimmon said the S&P 500 would hit 5,000 this year.

Persons: Jerome Powell, Powell, —, Xpeng, Nio, BYD, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Federal Reserve, Nikkei, U.S . Treasury Department, Li Auto, Morgan, Morgan Stanley Investment Locations: Asia, Pacific, U.S

☆ Asia markets gain ahead of manufacturing data, Fed decision
▼ + stars: | 2023-11-01 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets opened higher ahead of a policy decision from the U.S. Federal Reserve, as investors monitored a slew of manufacturing data. The Fed will conclude its two-day monetary policy meeting later in the day, with markets expecting the central bank to stand pat on interest rates. Purchasing managers' index data for October is expected from major economies including China, India and South Korea.

Organizations: U.S . Federal Reserve Locations: Asia, Pacific, China, India, South Korea

☆ CNBC Daily Open: Can stocks climb out of their three-month hole?
▼ + stars: | 2023-11-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

New York City resembled a ghost town after 370,000 people were told to evacuate flood-prone areas, including near Wall Street and at Coney Island, and mass transport was shut down. AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP via Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Spooky OctoberMajor U.S. indexes inched up Tuesday, but ended October in the red — giving them a three-month losing streak. The 117-year-old company is "becoming an AI company.

Persons: Irene, Stan HONDA, STAN HONDA, Kospi, Janet, Jerome There's, Jerome Powell's, Joe Biden, Xi Jinping Organizations: AFP, Getty, CNBC, Japan's Nikkei, Bank of Japan, Federal Reserve, U.S . Treasury, AMD Locations: Lower Manhattan , New York, Tri State, New York City, Wall, Coney, AFP, Asia, Pacific, China, U.S

☆ CNBC Daily Open: Market bounce may not last
▼ + stars: | 2023-10-31 | 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 BOJ also revised its inflation outlook for Japan higher, forecasting core CPI to hit 2.8% and 1.7% for the fiscal years 2024 and 2025. The Federal Reserve is widely expected to keep interest rates unchanged at the close of its two-day meeting Wednesday. But the Fed has been notoriously off the mark when it comes to predictions about monetary policy, writes CNBC's Jeff Cox.

Persons: Elon Musk, Jeff Cox Organizations: New York Stock Exchange, CNBC, Dow, Industrial, China's, Bank of Japan, Samsung Electronics, Panasonic, Federal Reserve Locations: New York City, Asia, Pacific, China's Shanghai, Japan

European markets are heading for a mixed open as investors look ahead to key data releases in the region, particularly preliminary euro zone inflation data for October and gross domestic product for the third quarter. Yesterday, German gross domestic product recorded a 0.1% quarterly fall, slightly better than the 0.3% decline forecast in a Reuters poll of economists. Inflation in the country was at an estimated 3.8% for October, the lowest since August 2021. Overnight in Asia-Pacific markets, Japan stocks trimmed losses after the Bank of Japan's monetary policy decision, while other regional markets fell as manufacturing activity unexpectedly contracted in China. Meanwhile, U.S. stock futures edged lower early on Tuesday after the major averages climbed in a relief rally.

Organizations: Bank Locations: EU, Asia, Pacific, Japan, China

☆ Asia markets mixed ahead of Bank of Japan decision, China PMI
▼ + stars: | 2023-10-31 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

The Bank of Japan headquarters in Tokyo. Asia-Pacific markets were mixed ahead of a key monetary policy decision by the Bank of Japan, and fresh economic data points throughout the region. The Bank of Japan will conclude its two-day policy meeting later in the day, with investors watching for any signs of the central bank raising its inflation forecasts. It is also expected to discuss further adjustments to its bond yield control. Also on Tuesday, China purchasing manager's index data for October will likely show manufacturing grew at an expansionary pace of 50.2, according to economists polled by Reuters.

Organizations: Bank of Japan, Reuters Locations: Tokyo . Asia, Pacific, China

☆ Asia markets set to be mixed ahead of Japan's central bank decision and South Korea inflation this week
▼ + stars: | 2023-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty ImagesAsia-Pacific markets are set to fall ahead of a week of key economic data from around the region. Monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong are the regional highlights of the week. Japan's Nikkei 225 is also set to fall as the Bank of Japan starts its two-day monetary policy meeting, with the futures contract in Chicago at 30,665 and its counterpart in Osaka at 30,650 against the index's last close of 30,991.69 In Australia, the S&P/ASX 200 slipped 1.04%, ahead of September retail sales readings on Monday. Futures for Hong Kong's Hang Seng index stood at 17,175, pointing to a weaker open compared to the HSI's close of 17,398.73

Persons: Toru Hanai Organizations: Bloomberg, Getty, Nikkei, Bank of Japan Locations: Tokyo, Japan, Asia, Pacific, Malaysia, South Korea, Taiwan, Hong Kong, Chicago, Osaka, Australia

☆ CNBC Daily Open: Are things about to get more difficult?
▼ + stars: | 2023-10-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hey, Big SpenderInflation in September rose but consumer spending came in even stronger than economists expected, numbers from the Commerce Department showed on Friday. HSBC's bumper profitHSBC reported quarterly profit after tax of $6.26 billion, up a whopping 235% compared to the $2.66 billion from a year ago quarter. Profit before tax, for the three months ended September, rose by $4.5 billion to $7.7 billion, due to a higher interest rate environment.

Persons: Spender, Dow Jones, Jerome Powell, there's Organizations: CNBC, Dow Jones, Nasdaq, Nikkei, Commerce, Federal Reserve, HSBC, Nvidia, Baidu Locations: Minneapolis , Minnesota, America, Asia, Pacific, South Korea

☆ Asia markets poised for a rebound after heavy sell-off
▼ + stars: | 2023-10-27 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

A woman walks past an electronic quotation board displaying stock prices of each company listed on the Tokyo Stock Exchange along a street in Tokyo on August 25, 2023. (Photo by Kazuhiro NOGI / AFP) (Photo by KAZUHIRO NOGI/AFP via Getty Images)Asia-Pacific markets were poised for a rebound on Friday, with Australia stocks set to bounce from a one-year low in the previous session as investors continue to digest more inflation data. Core consumer prices in Tokyo rose 2.7% in October compared to a year ago, government data showed. The core consumer price index for Tokyo includes oil products but excludes fresh food prices. Australia is set to release a reading on producer prices for the July to September quarter, with prices standing at 0.5% in the previous quarter.

Persons: Kazuhiro NOGI, KAZUHIRO NOGI Organizations: Tokyo Stock Exchange, Getty Images, Reuters Locations: Tokyo, AFP, Asia, Pacific, Australia

☆ European stocks open lower as earnings roll in; Standard Chartered plunges 10%; ECB set to hold rates
▼ + stars: | 2023-10-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Auto stocks plunged 3.45% as results disappointed, while travel stocks traded 1.7% lower. European stock markets opened sharply lower Thursday as attention remains on third-quarter earnings and government bond yields. Results are out from a slew of companies including Standard Chartered, BNP Paribas, TotalEnergies, Volvo Cars, Novozymes, Volkswagen, Carrefour, Saab and Wacker Chemie. Meanwhile, monetary policy decisions are due from the European Central Bank — for which markets have priced in a more than 98% likelihood of a hold in interest rates — and the central bank of Turkey, from which economists polled by Reuters anticipate a 500 basis point hike to 35%. The benchmark 10-year Japanese government bond yield hit a fresh 10-year high ahead of a central bank meeting next week, according to Reuters data.

Organizations: Chartered, Standard Chartered, BNP, TotalEnergies, Volvo, Volkswagen, Carrefour, Saab, Wacker Chemie, Investors, Facebook, Meta, European Central Bank —, Reuters, Treasury Locations: London, Turkey, Asia, Pacific

☆ South Korea stocks slide, economy grows faster than expected
▼ + stars: | 2023-10-26 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

(Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images)Gross domestic product grew 0.6% in the July-September quarter from the prior quarter, according to data released by the Bank of Korea. The South Korean central bank will hold its next policy meeting in late November. South Korea stocks led declines among Asia-Pacific markets on Thursday, as investors parsed data that showed the economy grew at a slightly higher-than-expected pace in the third quarter. The S&P 500 closed below a key level on Wednesday after disappointing quarterly results from Google-parent Alphabet and a rebound in interest rates. The benchmark index fell 1.43% to close at 4,186.77, ending the day below the 4,200 level that was being widely watched by chart analysts.

Persons: Ed JONES, ED JONES, — CNBC's Brian Evans, Hakyung Kim Organizations: Getty, Bank of Korea, Google, Dow Jones, Nasdaq Locations: Seoul, AFP, Korean, South Korea, Asia, Pacific

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