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☆ Asia markets mixed as rising U.S. bond yields pressure equities
▼ + stars: | 2023-08-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

17 May 2022, Australia, Sydney: The Sydney skyline with the famous Opera House. Photo: Carola Frentzen/dpa (Photo by Carola Frentzen/picture alliance via Getty Images)Asia-Pacific markets were mixed on Friday as rising bond yields continue to put pressure on equities in the wake of the U.S. credit downgrade. IG market analyst Tony Sycamore noted the yield on the U.S. 30 year bond rose by 14 basis points overnight to 4.30%, taking the yield towards its October 2022 4.42% high. "The move higher in long end yields is being driven by lumpy bond issuance, resilient data and Fitch's downgrade earlier in the week," Sycamore said. South Korea's Kospi bucked the trend and rose 0.26%, while the Kosdaq was up 0.19%.

Persons: Carola Frentzen, Tony Sycamore, lumpy, Sycamore Organizations: Opera, Getty Images, Reserve Bank, Nikkei Locations: Australia, Sydney, Asia, Pacific

☆ Stock Market Today: Jobs Report Incoming; Dow Futures Quiet Ahead of Nonfarm Payrolls Data
▼ + stars: | 2023-08-04 | by ( ) www.wsj.com time to read: +1 min

Stock futures mostly edged higher, putting the S&P 500 on course to change direction after three days of losses, as investors awaited the monthly jobs report. Amazon’s stock surged almost 9% in premarket trading after the tech giant reported stronger-than-expected earnings late Thursday. Friday’s jobs report is expected to show the labor market cooled further in July. The labor market has shown surprising resilience to the Federal Reserve’s interest-rate rises and investors will eye the jobs report closely to assess how it could influence officials’ decision-making. Futures tied to the S&P 500 and the tech-heavy Nasdaq-100 were narrowly higher, while the Dow industrials edged lower.

Persons: Nonfarm Organizations: Nasdaq, Dow, Brent, Index, Nikkei Locations: Russian

European shares (.STOXX) slipped 0.6%, bruised by disappointing earnings reports and elevated U.S. bond yields, on course for their third straight day of losses. Sterling extended losses after the BoE decision, falling as much as 0.7% to its lowest since June 30. The BoE decision was closely watched for clues on how central banks globally will balance taming inflation and maintaining growth. U.S. 10-year yields hit a new nine-month peak of 4.17%, while 30-year yields rose to a fresh nine-month top. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.4%, extending losses after a drop of 2.3% a day earlier.

Persons: Sterling, BoE, Stuart Cole, Morgan Stanley, Tom Wilson, Stella Qiu, Mark Potter, Bernadette Baum Organizations: REUTERS, Staff, Sterling, LONDON, Bank of England, FTSE, Equiti, Nasdaq, Treasury, U.S, AMAZON Investors, Apple, Thomson Locations: Frankfurt, Germany, Asia, Pacific, Japan, China, London, Sydney

European shares (.STOXX) slipped 1.1% after falling on Wednesday to two-week lows as rating agency Fitch cut the U.S. government's credit rating. UK shares (.FTSE) fell 1.3%, with the Bank of England (BoE) expected to raise interest rates later in the day. Pressuring stocks were a climb in long-term U.S. Treasury yields after stronger-than-expected private employment data and the announced refunding of the U.S. government's maturing debt. U.S. 10-year yields hit a new nine-month peak of 4.17%, while 30-year yields rose to a fresh nine-month top. The risk, investors said, was that a repeat of June's surprise half-point increase could fuel bets that major central banks are not done tightening yet.

Persons: Issei Kato, Fitch, BoE, Jonathan Petersen, Morgan Stanley, Sterling, Tom Wilson, Stella Qiu, Kim Coghill, Mark Potter Organizations: REUTERS, Apple, LONDON, Bank of England, Nasdaq, Treasury, U.S, Capital Economics, APPLE, Thomson Locations: Tokyo, Japan, Asia, SYDNEY, Pacific, China, London, Sydney

☆ Asian shares hesitant after Wall Street sell-off, dollar buoyant
▼ + stars: | 2023-08-03 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Both S&P 500 futures and Nasdaq futures added 0.2%, following a heavy wave of selling on Wall Street overnight. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.2%, having also suffered a colossal drop of 2.3% just a day earlier. U.S. 10-year yields hovered at 4.0856% in Asia, just a touch below a nine-month top of 4.1260% hit overnight. The risk-sensitive Australia dollar snapped a key support level to hover at $0.6532, just a touch above its 2023 low of $0.6459. Brent crude futures were up 0.2% at $83.33 per barrel and U.S. West Texas Intermediate crude futures rose 0.1% to $79.6.

Persons: Issei Kato, Fitch, Matt Simpson, nonfarm, Stella Qiu, Jacqueline Wong Organizations: REUTERS, Asia, Apple, Bank of, Nasdaq, Japan's Nikkei, Bank of Japan, Index, Inc, U.S, Bank of England, Brent, . West Texas, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Pacific, Brisbane, U.S

☆ US investors are searching overseas for opportunities
▼ + stars: | 2023-08-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Despite the gains in US stocks this year, some investors are looking for opportunities elsewhere. That’s despite what’s been shaping up to be a banner year for the US stock market — at least prior to this week’s US credit rating downgrade (more on that below). But some investors say that cheaper valuations for non-US stocks, compared to their domestic counterparts, are enticing some on Wall Street to look for deals overseas. The S&P 500 index currently trades at about 19.6 times its expected earnings, according to FactSet. That MSCI All Country World ex USA index has risen roughly 9% on a US dollar basis, underperforming the S&P 500.

Persons: Goldman Sachs, That’s, what’s, ”, Adam Turnquist, China’s, Jimmy Lee, bode, Fitch, ” Richard Francis, CNN’s Matt Egan, Francis, “, ” Francis, Janet Yellen, Obama, Jason Furman, Larry Summers, Read, Sam Stovall Organizations: CNN Business, Bell, CNN, Investors, Federal Reserve, LPL, Global, The Wealth Consulting, America, Fitch, Treasury Department, AAA

☆ Asia markets set to fall as Wall Street sees selloff after U.S. credit downgrade
▼ + stars: | 2023-08-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Central Hong Kong and the IFC tower seen from the Avenue of Stars in Tsim Sha Tsui. (Photo by Marc Fernandes/NurPhoto via Getty Images)Asia-Pacific markets are set to extend losses Thursday tracking Wall Street's selloff after ratings agency Fitch downgraded the United States' long-term credit rating from AAA to AA+. In Asia, investors will be watching the Caixin survey for China's service sector activity in Juy. Futures for Hong Kong's Hang Seng index stood at 19,403, pointing to a weaker open compared to the HSI's close of 19,517,38. In Australia, futures for the S&P/ASX 200 were at 7,241 compared to the last close of 7,354.6.

Persons: Marc Fernandes, Fitch Organizations: IFC, Tsim Sha Tsui, Getty Images, United, AAA, AA Locations: Hong Kong, Tsim Sha, Asia, Pacific, United States, 19,517,38 . Hong Kong, Chicago, Osaka, Australia

☆ Asia markets poised to fall as Fitch lowers U.S. credit ratings
▼ + stars: | 2023-08-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Shoppers at the shopping street in Hongdae district in Seoul, South Korea, on Saturday, July 2, 2022. Asia-Pacific markets are set to largely fall Wednesday after ratings agency Fitch cut the U.S. credit rating from AAA to AA+, citing "expected fiscal deterioration over the next three years." Futures for Australia's S&P/ASX 200 point to a lower open, standing at 7,360 compared to its last close of 7,450. Japan's Nikkei 225 is also set to fall, with the futures contract in Chicago at 33,145 and its counterpart in Osaka at 33,190 against the index's last close of 33,476.58. Hong Kong's Hang Seng index futures stood at 19,892, pointing to a weaker open compared to compared to the HSI's close of 20,011.12.

Persons: Fitch, Tony Sycamore Organizations: AAA, AA, Swiss, New, Australia's, Nikkei Locations: Hongdae, Seoul, South Korea, Asia, Pacific, treasuries, New Zealand, Korea, Chicago, Osaka

☆ CNBC Daily Open: Could the market bears be right?
▼ + stars: | 2023-08-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. 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. Asian markets plungeU.S. stocks traded mixed Tuesday, with the Dow Jones Industrial Average, once again, outperforming other major indexes. Credit rating cutFitch Ratings downgraded the United States' long-term foreign currency issuer default rating from AAA to AA+.

Persons: Fitch, Donald Trump, Joe Biden, That's Organizations: New York Stock Exchange, CNBC, Dow Jones, Nikkei, United, AAA, AA, Stock, Trump Former U.S, Trump, Barclays Locations: New York City, Asia, Pacific, United States, U.S, East

☆ CNBC Daily Open: Oil joined the July stocks rally
▼ + stars: | 2023-08-01 | 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. Hong Kong's Hang Seng Index was near flat as advance estimates showed the city's second-quarter gross domestic product contracting 1.3% quarter on quarter. Pre-tax profit of the largest bank in U.K. jumped 89% year-on-year to $8.77 billion, while revenue surged 38% to $16.71 billion. [PRO] Benefiting from bankruptciesCorporate insolvencies in the U.K. have been rising in recent months.

Persons: Hong, Australia's, Feroze Azeez, Anand, HSBC's, JPMorgan Chase JPMorgan Chase, Jeffrey Epstein, Virgin Organizations: CNBC, India Investors, HSBC, JPMorgan Chase JPMorgan, U.S . Virgin Islands, JPMorgan Locations: Asia, Pacific, India

☆ Stock Market Today: Dow Futures Edge Lower as Merck, Uber Earnings Roll In
▼ + stars: | 2023-08-01 | by ( ) www.wsj.com time to read: +1 min

Stock futures edged lower at the start of another busy day of company earnings that will offer clues on the financial strength of corporate America. Uber stock is rising ahead of the open in heavy volumes, after the ride-hailing giant reported its first operating profit . Stock futures slipped. Contracts on the S&P 500 and Dow industrials edged lower. The Stoxx Europe 600 and the U.K.’s FTSE 100 both edged lower.

Organizations: Companies, Caterpillar, Merck, Pfizer, HSBC, BP, Starbucks, Devices, Stock, Dow, Nasdaq, Treasury, U.S, Australian, Nikkei, ’, Brent Locations: London, Europe

☆ Asia markets largely set to rise ahead of private manufacturing activity surveys
▼ + stars: | 2023-08-01 | 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. Asia-Pacific markets are set to largely rise on Tuesday ahead of private manufacturing surveys around the region, including Japan, South Korea and China. China will release the Caixin purchasing managers index in July for both the manufacturing sector, a day after official data showed that the country's factory activity remained in contraction territory for a fourth straight month. Futures for Hong Kong's Hang Seng index stood at 20,348, pointing to a stronger open compared to compared to the HSI's close of 20,078.94. Futures for the S&P/ASX 200 point to a lower open, at 7,383 compared to the last close of 7,410.4.

Organizations: Opera, Vivid, Reuters, PMI, Reserve Bank, Japan's Nikkei Locations: Sydney, Australia, Asia, Pacific, Japan, South Korea, China, Chicago, Osaka

☆ Asia markets poised to rise ahead of business activity surveys out of China
▼ + stars: | 2023-07-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

SHENZHEN, CHINA - AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images)Asia-Pacific markets are set to largely rise ahead of business activity data and inflation reports from countries around the region this week. For Monday, China will see the official release of its purchasing managers index in July for both the manufacturing and non-manufacturing sector. Futures for Hong Kong's Hang Seng index stood at 20,160, pointing to a stronger open compared to compared to the HSI's close of 19,916.56. However, in Australia, futures for the S&P/ASX 200 point to a lower open, at 7,376 compared to the last close of 7,403.6.

Persons: HSI Organizations: Getty Images, Reuters, PMI, Nikkei, Reserve Bank Locations: SHENZHEN, CHINA, Shenzhen, Guangdong Province of China, Asia, Pacific, China, Chicago, Osaka, Australia

☆ Asia markets rise as China's factory activity contracts for fourth straight month
▼ + stars: | 2023-07-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by He Shaoping/VCG via Getty Images)Asia-Pacific markets rose on Monday as China's factory activity for July remained in contraction territory for the fourth straight month. The official manufacturing purchasing managers index came in at 49.3, higher than June's figure of 49.0, according to the national bureau of statistics. The PMI for non-manufacturing activity came in at 51.5, a slower rate of expansion compared to the 53.2 in June. Hong Kong's Hang Seng index surged over 1.71%, while the Hang Seng Tech index saw a larger climb of 4.84%. The country's industrial output for June came in lower than expected, registering a 2% growth month on month compared to the 2.4% expected by economists.

Persons: Hong, HSI, Australia's Organizations: Getty Images, PMI, Hang Seng, Shanghai, Shenzhen, Nikkei, Reserve Bank, Reuters Locations: SHENZHEN, CHINA, Shenzhen, Guangdong Province of China, Asia, Pacific

☆ CNBC Daily Open: More signs the Fed might stop hiking
▼ + stars: | 2023-07-31 | 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. Cooling inflationThe U.S. personal consumption expenditures price index rose just 3% year-over-year in June, and 0.2% from a month ago. Mixed activity for China's economyChina's official manufacturing purchasing managers' index factory activity came in at 49.3 in July. CNBC Pro's Sarah Min breaks down what analysts are expecting from those data points releasing this week.

Persons: Hong, Sarah Min Organizations: CNBC, Federal Reserve, PMI, ANZ, Oil, Apple, Amazon, Dow Jones Industrial, Big Tech Locations: Asia, Pacific, India, China

☆ China just unleashed broad stimulus measures to fire up the economy — but analysts think these have failed to live up to expectations
▼ + stars: | 2023-07-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

On Monday, China released a series of plans to boost household consumption. However, the stimulus measures have failed to live up to expectations, said Citi analyst Wenyu Yao, Australian Financial Review reported Monday. The state planner's strategy followed a meeting of the country's top leaders last week during which they pledged to boost stimulus measures as the economy faces a "tortuous" recovery, according to Insider's translation of the official readout. The Shanghai Composite closed 0.5% higher at 3,291.04 while Hong Kong's Hang Seng Index closed 0.7% higher at 20,045.15. The Hang Seng China Enterprises Index, which tracks tech stocks listed in Hong Kong, closed 1.1% higher at 6,886.09.

Persons: Wenyu Yao, Bruce Pang, Jones Lang LaSalle, Xi Jinping, Shenzhen —, Nomura, hasn't, Hong Organizations: Service, Citi, Australian Financial, Jones, Bloomberg, Analysts, Shanghai, PMI, Seng China Enterprises Index Locations: China, Wall, Silicon, Greater China, Beijing, Shenzhen, Shanghai, Hong Kong

☆ Asia markets set to fall ahead of Bank of Japan rate decision
▼ + stars: | 2023-07-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023. Richard A. Brooks | AFP | Getty ImagesAsia-Pacific markets are set to fall ahead of the Bank of Japan's rate decision on Friday. Japan's central bank is expected to keep its benchmark policy rate unchanged at -0.1%, but investors will be keenly watching for any signs of a shift in stance towards its yield curve control policy. In Australia, futures for the S&P/ASX 200 were at 7,367, lower than the index's last close of 7,455.9, ahead of its producer price index figures for the second quarter. Futures for Hong Kong's Hang Seng index also point to a lower open for the index, standing at 19,347 compared to the HSI's last close of 19,639.11.

Persons: Kazuo Ueda, Richard A, Brooks Organizations: Japan, AFP, Getty, Bank of, Nikkei Locations: Tokyo, Asia, Pacific, Japan's, Chicago, Osaka, Australia

☆ Asian shares climb after Fed hikes as expected; eyes on Europe, Japan
▼ + stars: | 2023-07-27 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

S&P 500 futures rose 0.2% while Nasdaq futures gained 0.5%, helped by a 6.8% jump in Meta Platforms (META.O) in after-hours trading. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1.2% amid hopes that U.S. tightening cycle could be over now. On Wednesday, the U.S. Federal Reserve delivered a quarter-point rate hike and kept the door open for more, as widely expected. The European Central Bank is widely expected to raise interest rates for the ninth time in a row on Thursday. Brent crude futures were up 0.9% at $83.69 per barrel and U.S. West Texas Intermediate crude futures rose 1% to $79.59.

Persons: HSI, Jerome Powell, Powell, Padhraic Garvey, Garvey, Stella Qiu, Muralikumar Organizations: SYDNEY, Nasdaq, Japan's Nikkei, U.S . Federal Reserve, ING, European Central Bank, Bank of Japan, U.S ., Treasury, Brent, . West Texas, Thomson Locations: Europe, Japan, Asia, Pacific, Americas

☆ Asia-Pacific markets fall after Fed hikes rates to 22-year high
▼ + stars: | 2023-07-27 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

The ICC International Commerce Centre, and Hong Kong's brand new museum of visual culture, Victoria harbor, Hong Kong, China. Asia-Pacific shares fell Thursday after the U.S. Federal Reserve raised rates to their highest level in more than 22 years while leaving the door open for further tightening. Japan's Nikkei 225 dipped 0.32% during its first hour of trade. Hong Kong's Hang Seng index is poised to dip, with futures at 19,541 compared to the benchmark's close of 19,365.14. The Hong Kong Monetary Authority on Thursday raised its base rate by 25 basis points.

Organizations: ICC International Commerce Centre, U.S . Federal, Nikkei, Hong, Hong Kong Monetary Authority Locations: Victoria, Hong Kong, China, Asia, Pacific, South Korea, Australia

☆ Hedge funds rush to buy China stocks on economy stimulus prospects - Goldman
▼ + stars: | 2023-07-27 | by ( Summer Zhen | ) www.reuters.com time to read: +2 min

HONG KONG, July 27 (Reuters) - Global hedge funds snapped up Chinese equities following the politburo meeting this week, buying on Tuesday at their fastest pace since October 2022, Goldman Sachs said in report. Sectors including consumer discretionary, staples, financials, materials and industrials attracted the largest purchase by hedge funds tracked by Goldman Sachs. Chinese stocks rebounded this week as policymakers at the latest Politburo meeting clearly expressed support for capital markets and signalled the introduction of bigger easing measures to drive the economy. Goldman Sachs said hedge funds' exposure to Chinese equities remained at around the low levels last seen in November 2022 and well below five-year averages. Net foreign buying in mainland Chinese equities through the China-Hong Kong Stock Connect programme recorded 20 billion yuan so far this month, their best month since April, official data shows.

Persons: Goldman Sachs, Summer Zhen, Nell Mackenzie, Miral Organizations: Global, CSI, China - Hong Kong Stock Connect, Thomson Locations: HONG KONG, Hong Kong, U.S, China, China - Hong

☆ CNBC Daily Open: Powell’s conference had something for bulls and bears
▼ + stars: | 2023-07-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Al Drago | Bloomberg | Getty ImagesThis 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. However, Chair Jerome Powell left the door open to a subsequent rate hike, saying the central bank will make decisions "meeting by meeting." At his post-meeting press conference, Chair Jerome Powell, in other words, deftly negotiated expectations from market bulls and bears, and somehow managed to reaffirm the case of both camps. The "hawkish" part will please the bears, while the "hold" portion will appeal to the bulls.

Persons: Jerome Powell, Al Drago, Hong, Mukesh Ambani, Dow, that's, —, Powell, Frances Donald, CNBC's Fred Imbert, that'd Organizations: US Federal Reserve, Market, Bloomberg, Getty, CNBC, Federal, Dow Jones, Samsung Electronics, Wall, Revenue, Reality Labs, BlackRock, India BlackRock, Jio Financial Services, CNBC Pro, Manulife Investment Management, Nasdaq, Dow Locations: Washington , DC, Asia, Pacific, Indian

☆ Morning Bid: Soft landing swings into view
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

After Wednesday's 25 basis point hike, markets seem to think so. Traders in Asia cheered a glimpse of the fabled soft landing with Jerome Powell saying the Fed no longer expects a U.S. recession. Stocks rose and the dollar fell across the board. The Bank of Japan is then up on Friday, with perhaps the most unpredictable central bank decision of the week. European futures rose 0.3% and U.S. futures also added 0.3%.

Persons: Brigid Riley, Jerome Powell, Christine Lagarde, Klass, HSI, Muralikumar Organizations: Traders, European Central Bank, Bank of Japan, Renault, Intel, Ford, MasterCard, Reuters Graphics Reuters, Thomson Locations: Asia, U.S, France, United States

Still, money market traders are split on the odds of another increase later in the year.FEDWATCH"The 25 basis point rise is a done deal. "The risk is that the Fed, looking at market bullishness, may not want to sound too dovish - they may want to keep the door open for more rate hikes." The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, was flat. In Hong Kong, the Hang Seng index (.HSI) was down 0.3% and China's blue chip CSI300 index (.CSI300) was off 0.2%. Positive sentiment had returned to China's market on Tuesday, when the CSI 300 Index snapped a six-day losing streak.

Persons: Luca Paolini, Alison Rose, Nigel Farage's, We're, David Chao, Tom Wilson, Scott Murdoch, Jamie Freed, Kim Coghill Organizations: Fed, Federal, Pictet Asset Management, NatWest, BBC, Lloyds, CSI, ECB, Brent, Thomson Locations: SYDNEY, U.S, Germany, France, Britain, CHINA, Asia, Pacific, Japan, Hong Kong, London, Sydney

SYDNEY, July 26 (Reuters) - Asian markets were trading mostly weaker on Wednesday ahead of the U.S. Federal Reserve's expected interest rate rise to be delivered later in the day, as investors also weighed the likelihood of a Chinese economic stimulus package. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat, after U.S. stocks ended the previous session with mild gains. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.8848% compared with a U.S. close of 4.893%. Australia was the only major market across the Asia Pacific region to see shares rise, with the S&P/ASX 200 index (.AXJO) up 0.81%. On Wall Street, the three main indices closed higher, led by gains in shares of technology, materials and communication services companies.

Persons: Karen Jorritsma, Brent, Scott Murdoch, Jamie Freed Organizations: SYDNEY, U.S, U.S . Federal, Nikkei, CSI, Dow Jones, Nasdaq, Global, ANZ, RBC Capital Markets, Thomson Locations: U.S ., Asia, Pacific, Japan, Australia, Hong Kong, China, Sydney

☆ Morning Bid: Markets brace for Fed decision, earnings flood
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

Investors will be listening carefully to Chair Jerome Powell for indications of whether or not another interest rate hike is in the pipeline. The Fed's communication could set the tone for markets ahead of policy decisions from the European Central Bank (ECB) on Thursday and the Bank of Japan (BOJ) on Friday. Reuters GraphicsEuro zone June M3 annual growth and lending data on Wednesday are unlikely to affect markets ahead of the ECB's decision. Chinese stock markets were mostly lower on Wednesday following a steep rally the day before. China's blue-chip CSI300 (.CSI300) index was down 0.3% while the CSI 300 Real Estate index gained 0.2%.

Persons: Brigid Riley, Jerome Powell, HSI, Sonali Desai, Edmund Klamann Organizations: Federal Reserve, Federal, Market, European Central Bank, Bank of Japan, ECB, Reuters, Fisher, Union Pacific Corp, eBay, Boeing, Microsoft, Carrefour, Danone, GSK, CSI, CPI, Reserve Bank of Australia, U.S, Fed, Thomson Locations: United States, U.S, Europe, France, Asia, China

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