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☆ Asia markets set to fall ahead of key economic data from China
▼ + stars: | 2023-07-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Asia-Pacific markets are set to fall on Monday as investors look ahead to key economic data out of China, including gross domestic product figures for the second quarter and industrial output numbers for June. In Australia, futures for the S&P/ASX 200 were at 7,264, lower than the index's last close of 7,303.1. The country will release unemployment figures later this week, which will give clues to the Reserve Bank of Australia's rate decisions. Elsewhere, Japan's markets are closed for a holiday, but more trade data will be released from South Korea, Singapore, and Indonesia.

Organizations: Pudong Lujiazui Financial, Beijing, Reserve Bank Locations: SHANGHAI, CHINA, Shanghai, China, Asia, Pacific, Australia, South Korea, Singapore, Indonesia

☆ Stock Market Today: Dow Futures Rise as JPMorgan Posts Hefty Profit Gain
▼ + stars: | 2023-07-14 | by ( ) www.wsj.com time to read: +1 min

JPMorgan posted a robust $14.47 billion profit last quarter , beating analyst expectations, while Wells Fargo and BlackRock also reported a jump in earnings. Dow Jones Industrial Average futures rose 0.5% while tech-heavy Nasdaq-100 futures hovered. The WSJ Dollar Index crept higher too, halting a six-day slide that took it to its lowest level since February. In Asia, the Hang Seng index edged up 0.3% while the Nikkei 225 index weakened 0.1%. Brent crude, the international oil benchmark, weakened 0.1% to around $81.30 a barrel.

Persons: ”, Mark Haefele, Brent Organizations: JPMorgan, “, UBS, Futures, Dow Jones Industrial, Nasdaq, Nikkei Locations: Wells Fargo, BlackRock, “ U.S, Asia, Europe

The Tokyo Tower, left, and commercial and residential buildings at night in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesAsia-Pacific markets are set to rise on Friday after more inflation data out from the U.S. came in softer than expected, raising optimism that inflation could come down without weakening the labor market. "Most stock and bond index prices rose today as economic data indicates inflation has fallen quickly and the labor market remains strong," Bill Merz, senior investment director at U.S. Bank Wealth Management. June's producer price index rose less than anticipated, climbing 0.1% year on year, compared to the 0.2% expected by economists polled by Dow Jones. Hong Kong's Hang Seng index also looks set to continue its rally after surging more than 2.5% on Thursday.

Persons: Akio Kon, Bill Merz, Dow Jones Organizations: Bloomberg, Getty Images, U.S, Bank Wealth Management, Core PPI, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images Asia, Pacific, U.S, Chicago, Osaka, Australia

Wall Street's main stock indexes built on Wednesday's sharp gains after data showed that consumer prices rose modestly in June, registering the smallest annual increase in more than two years. Other data on Thursday showed that U.S. producer prices barely rose in June, U.S. jobless claims unexpectedly declined, and Chinese exports dropped. The dollar index slumped to its lowest level since April 2022 on Thursday, as the cooling U.S. inflation bolstered expectations the Fed will rates only once more in 2023, eroding the greenback's yield advantage over peers. The euro was up 0.86% to $1.122, and the Japanese yen strengthened 0.37% versus the greenback at 137.99 per dollar. Oil prices traded near the highest levels in two months on the soft U.S. dollar.

Persons: Yung, Yu Ma, Ma, Brent, Lawrence Delevingne, Huw Jones, Stella Qiu, Chizu Nomiyama, Andrew Heavens, Leslie Adler, Diane Craft Organizations: Treasury, Federal, Dow Jones, Nasdaq, Federal Reserve, Fed, Citigroup, Japan's Nikkei, Monetary Fund, BMO Wealth Management’s, Thomson Locations: Asia, Europe, CHINA, China, Pacific, Japan, Boston, London, Sydney

☆ Tamer U.S. inflation lifts global stocks to new 2023 high, dollar slides
▼ + stars: | 2023-07-13 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

Interest rate futures showed markets have fully priced in another rate hike from the Federal Open Market Committee (FOMC) later this month, but expectations of any further increases have faded. The softer dollar helped gold prices advance to near one-month highs, while oil prices hovered above $80 a barrel. The MSCI All Country stock index (.MIWD00000PUS) was up 0.5% at 691 points, hitting a new high for the year. It is up 13.5% so far in 2023, though still not wiping out all of the near 20% loss in 2022. Brent crude futures rose 0.2% to $80.27 per barrel and U.S. West Texas Intermediate crude futures were slightly firmer at $75.80.

Persons: Eren Osman, Arbuthnot Latham, Osman, Stocks, Premier Li Qiang, Bonds, Huw Jones, Stella Qiu, Lincoln, Kim Coghill, William Maclean, Chizu Organizations: PPI, Federal Reserve, Treasury, Federal, Market, Arbuthnot Latham & Co, Japan's Nikkei, Premier, Brent, . West Texas, Thomson Locations: Asia, Europe, U.S, CHINA, China, Pacific, Japan, Hong Kong

☆ 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

☆ 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 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

☆ European markets cautiously higher ahead of key U.S. inflation data
▼ + stars: | 2023-07-12 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were slightly higher on Wednesday morning as investors await a key U.S. inflation reading later in the day, which will have significant bearing on the Federal Reserve's interest rate decisions. The European blue chip index closed out Tuesday's session 0.7% higher, with construction and material stocks leading gains. Stateside, stock futures were little changed in early premarket trade as investors awaited the first of several potentially pivotal inflation reports this week. Core CPI, which excludes volatile food and energy prices, is projected to rise 0.3% on the month and 5% on the year. June data for the producer price index — another well-watched gauge of inflation — is due Thursday before the bell.

Persons: Hong, Dow Jones Organizations: Japan's Nikkei, CPI, Bank of England Locations: U.S, Asia, Pacific, Europe

☆ 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

☆ China's state planner praises Tencent, Alibaba as attitude towards tech shifts
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File PhotoBEIJING, July 12 (Reuters) - China's state planner on Wednesday praised Tencent (0700.HK) and Alibaba (9988.HK) in a statement detailing a study it had done on platform firms, in the latest sign authorities are warming up to the technology sector after a nearly three-year crackdown. The National Development and Reform Commission (NDRC) said platform companies had become key contributors to areas of tech innovation China was prioritising, such as semiconductors and autonomous driving. The commission's comments come after authorities signalled last week that a crackdown that began in late 2020 on the country's technology sector had ended with fines on Ant Group and Tencent. During the campaign, which wiped billions of dollars off the market value of China's top technology firms, regulators repeatedly criticised and punished these companies for violations ranging from failing to protect customer privacy to monopolistic behaviour.

Persons: Thomas Peter, Tencent, Tencent's, Xi Jinping, Qiaoyi Li, Brenda Goh, Sonali Paul Organizations: REUTERS, HK, National Development, Reform Commission, Ant, Index, Baidu, Thomson Locations: Beijing, China, BEIJING, Hong Kong

☆ 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

☆ 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

☆ China extends some policies to support its troubled property market
▼ + stars: | 2023-07-11 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China has extended some policies to bolster its ailing property market, as the country struggles to reignite economic growth. Larry Hu, chief China economist at Macquarie Group, wrote in a research note that the extension of policies on two types of loans were meant to encourage commercial banks to increase their exposure to the property sector. “[This] move will help restore confidence and bring much-needed liquidity into the property supply chain, with beneficial effects on short-term confidence,” he said. The property market is still in the midst of a historic downturn. To bolster growth, the People’s Bank of China cut its main benchmark lending rates in June for the first time in 10 months.

Persons: Larry Hu, ”, ” Stephen Innes Organizations: Hong Kong CNN, National Financial Regulatory Administration, Macquarie Group, Management, Beijing, People’s Bank of China Locations: Hong Kong, China, China’s

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

☆ CNBC Daily Open: June’s jobs report won’t stop rate hikes
▼ + stars: | 2023-07-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A 'Now Hiring' sign posted outside of a restaurant looking to hire workers on May 05, 2023 in Miami, Florida. 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. Jobs growth cooledU.S. nonfarm payrolls increased 209,000 in June while the unemployment rate was 3.6%, according to the Labor Department. Job creation was — for once — lower than economists' expectations of 240,000, though the unemployment rate, which was 0.1 percentage point lower than in May, was exactly on the mark.

Persons: nonfarm, Hong, Janet Yellen, she's Organizations: CNBC, Labor Department, Ant, PPI, Treasury, U.S, China Locations: Miami , Florida, U.S, Asia, Pacific, Alibaba . Hong Kong, China

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

☆ 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

☆ 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

☆ CNBC Daily Open: Brace yourself for higher rates
▼ + stars: | 2023-07-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, June 22, 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. More hikes, but slowerAlmost all Federal Reserve members expect more interest rate hikes at upcoming Federal Open Market Committee meetings, according to minutes of June's meeting. Prior to the June meeting, the Fed had raised rates for 10 consecutive times, with four of them being 0.75 percentage point increases.

Persons: Jerome Powell, Hong Organizations: US Federal Reserve, Banking, Housing, Urban Affairs Committee, CNBC, Federal Reserve, Treasury, Reading, Twitter Meta, Twitter Locations: Washington , DC, Asia, Pacific, Europe

☆ 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

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

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