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☆ 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

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

☆ Stock Market Today: Dow Futures Edge Down—Live Updates
▼ + stars: | 2023-07-05 | by ( ) www.wsj.com time to read: +1 min

Stock futures slipped as data showed China’s services sector expanded slower than expected and investors awaited minutes from the Federal Reserve’s latest policy meeting. “It’s contributing to the loss of momentum and growth in Europe as well.”Coming up: The Fed’s minutes for its June meeting are due at 2 p.m. In recent market action:Stock futures slipped. Nasdaq-100 futures fell 0.4%. Hong Kong’s Hang Seng Index lost 1.6% and the Shanghai Composite Index fell 0.7%.

Persons: ”, Hani Redha, Jerome Powell, Brent Organizations: Federal, PineBridge Investments, Dow, Nasdaq, Nikkei, Treasury Locations: China, Europe, Shanghai

☆ Stocks dip, dollar steadies as investors seek rates clarity
▼ + stars: | 2023-07-04 | by ( Xie Yu | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.1%, by Tuesday mid-morning. Japan's Nikkei share average (.N225) fell 1.1% as investors exited some bullish positions after the benchmark index closed at a 33-year high in the previous session. Geopolitical tensions also persist, he noted, with China's export controls on minerals adding more uncertainty around global trade relations. In the currency market, the dollar index , which tracks the greenback against six major peers, rose slightly to 102.97. The Treasury market is shut Tuesday for Independence Day.

Persons: Manishi Raychaudhuri, Raychaudhuri, Paul Volcker, Sam Holmes Organizations: U.S ., U.S, Independence, Wall, Nikkei, Treasury, Federal, Asia, BNP Paribas, Brent, . West Texas, Fed, Thomson Locations: HONG KONG, Asia, Pacific, Japan, Saudi Arabia, Russia, United States

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

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

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

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

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

☆ 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

☆ Asia shares steady as weak China data fuel stimulus hopes, yen frail
▼ + stars: | 2023-06-30 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Futures indicated European stocks were set for a higher open, with Eurostoxx 50 futures up 0.18%, German DAX futures up 0.24% and FTSE futures 0.28% higher. But before that euro zone June inflation data will likely provide cues to the broader picture in the region, after data on Thursday showed German inflation rose more than expected in June. The strong economic data sent Treasury yields higher, with the yield on 10-year Treasury notes touching a three-month high of 3.868% on Thursday. China's blue-chip CSI300 Index (.CSI300) and the Shanghai Composite Index (.SSEC) rose nearly 1%, while Hong Kong's Hang Seng Index (.HSI) was up 0.24% on stimulus hopes. U.S. crude was flat at $69.87 per barrel and Brent was at $74.49, up 0.2% on the day.

Persons: Shunichi Suzuki, DAX, Rob Carnell, Jerome Powell, Hong, Brent, Ankur Banerjee, Stephen Coates, Kim Coghill Organizations: Federal Reserve, Finance, Investors, U.S, Reuters, Union, Bank of Japan, Thomson Locations: SINGAPORE, China, Asia, Pacific, Japan, Spain, Italy, U.S, Shanghai

☆ Asia shares edge lower on rate hike worries, yen frail
▼ + stars: | 2023-06-30 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

China's blue-chip CSI300 Index (.CSI300) fell 0.14% and the Shanghai Composite Index (.SSEC) eased 0.11%. The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to continued labour market strength. The data "will have traders likely consider a greater likelihood of further interest rate hikes from the Fed." "We expect the moderate pace of interest rate decisions to continue." The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was at 4.872%, having touched more than a three-month high of 4.892% overnight.

Persons: Australia's, HSI, Economists, Ryan Brandham, Jerome Powell, Powell, Rob Carnell, YEN, Shunichi Suzuki, Brent, Ankur Banerjee, Stephen Coates Organizations: Federal Reserve, Japan's Nikkei, Gross, Commerce Department, Validus Risk, Federal, Treasury, U.S, Central Bank's, Bank of Japan, Japanese Finance, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, Shanghai, North America, U.S, Spanish, Madrid

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

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

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

☆ Dow Futures, Bank Stock Rise: Live Updates
▼ + stars: | 2023-06-29 | by ( ) www.wsj.com time to read: +2 min

Stock futures edged higher as investors awaited data on inflation and economic growth and digested comments by central-bank chiefs. Meanwhile, bank stocks rose in premarket trading Thursday after the Fed said the biggest U.S. lenders remained healthy . Stock futures were up. The yield on the 10-year bund advanced to 2.357% ahead of German inflation data due at 8 a.m. U.S. bank stocks climbed premarket.

Persons: Jerome Powell, Christine Lagarde, Andrew Bailey, ”, Jason Da Silva, Arbuthnot Latham Organizations: European Central Bank’s, Bank of England Gov, Fed, U.S, Stock, Futures, Nasdaq, Dow, Treasury, bund, Bank of New York Mellon, Bank of America, UniCredit, Nikkei Locations: European, Spain, U.S, China, Europe

☆ Asian shares subdued, yen and yuan hover near 8-mth troughs
▼ + stars: | 2023-06-29 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat, while markets in Singapore, India and Malaysia are closed for holidays. Japan's Nikkei (.N225), however, gained 1% and was headed for a monthly rise of 8.5% and a quarterly jump of 19%. The offshore yuan hovered near an eight-month trough at 7.24 per dollar on Thursday, after the central bank fixed the daily guidance at the weakest level since November. European Central Bank President Christine Lagarde, on the other hand, cemented expectations for a ninth consecutive rise in euro zone rates in July. U.S. crude futures were little changed at 69.55 per barrel, and Brent crude was down 0.1% at $74.00 per barrel.

Persons: HSI, Jerome Powell, Stephen Wu, Christine Lagarde, Kazuo Ueda, Mark McCormick, hawkish, Powell, Brent, Stella Qiu, Lincoln Organizations: SYDNEY, Japan's Nikkei, Nasdaq, Apple, Dow, Micron Technology, European Central Bank, Commonwealth Bank of Australia, ECB, Bank of Japan, U.S, Reuters, TD Securities, Thomson Locations: Asia, Pacific, Japan, Singapore, India, Malaysia

☆ Asia markets set for mixed open ahead of Australia inflation figures and China industrial profits
▼ + stars: | 2023-06-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a mixed open as the region awaits May inflation figures out of Australia and China releases its industrial profits for May. In Australia, futures for the S&P/ASX 200 were at 7,095, higher than the index's last close of 7,118.2. Economists polled by Reuters expect the country's inflation rate to ease to 6.1%, compared with the 6.8% recorded in April. Investors will be watching China's year-to-date industrial profits, after factory activity stayed in contraction territory for a second straight month in May. The country's industrial output growth for May came in at 3.5%, slightly lower than the 3.6% expected by economists polled by Reuters.

Organizations: Lonsdale, Boxing, Reuters, Nikkei Locations: Melbourne, Australia, Asia, Pacific, China, Japan, Chicago, Osaka

☆ Asian stocks teeter as Russia, rates and China risks weigh
▼ + stars: | 2023-06-27 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.08% at 0126 GMT, after dropping 0.06% an hour earlier. "Asian equities are set for a downturn on Tuesday, prompted by Wall Street's risk-aversion behavior," said Anderson Alves, a global macro analyst at ActivTrades. All three major U.S. stock indexes ended in the red on Monday, with megacap momentum stocks pulling the tech-heavy Nasdaq down the most. The Dow Jones Industrial Average (.DJI) fell 0.04%, the S&P 500 (.SPX) lost 0.45% and the Nasdaq Composite dropped 1.16%. Hang Seng Index (.HSI) and China's benchmark CSI300 Index (.CSI300) opened up 0.3% and 0.1%, respectively, shaking off losses from the past four sessions.

Persons: Wall, Anderson Alves, Alves, Goldman Sachs, Redmond Wong, Wong, Vladimir Putin's, Brent, Kane Wu, Sam Holmes Organizations: Nikkei, ActivTrades, Dow Jones, Nasdaq, U.S, Global, China, Saxo Markets, Treasury, Thomson Locations: HONG KONG, Russia, Asia Pacific, Japan, Europe, U.S, ActivTrades, Asia

☆ Asia markets mostly set to fall after Wall Street sees tech sell-off
▼ + stars: | 2023-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

With the Melbourne skyline in the background, a ship sets sail out of the Port of Melbourne on September 14, 2021. Asia-Pacific markets are set to fall after Wall Street saw a tech sell-off Monday, with Tesla tumbling 6% after Goldman Sachs downgraded the electric car maker, citing pricing headwinds. Other tech names like Nvidia, Alphabet and Meta Platforms also lost more than 3% each. In Australia, futures for the S&P/ASX 200 were at 7,052, lower than the index's last close of 7,078.7. Hong Kong's Hang Seng index look set to snap its five day losing streak, with futures at 18,894 compared to the HSI's close of 18,794.13.

Persons: Wall, Goldman Sachs Organizations: Melbourne, Port, Nvidia, Nikkei Locations: Port of Melbourne, Asia, Pacific, Australia, Japan, Chicago, Osaka

☆ Asia markets set for weak open as Wall Street rally fades
▼ + stars: | 2023-06-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a weak open in the final week of June, following U.S. markets which snapped a multi-week winning streak Friday. In an early Monday note, CMC Markets analyst Tina Teng, wrote that "economic concerns took central stage again as recession fears mounted, with spiking rates in both Europe and the US rattling global markets." Over the weekend, Europe also saw a brief rebellion by the Wagner private military group in Russia, and markets are likely to be on edge. In Australia, futures for the S&P/ASX 200 were at 7,043, lower than the index's last close of 7,099.2. Hong Kong's Hang Seng index is also poised to fall, with futures at 18,764 compared to the HSI's close of 18,889.97.

Persons: Tina Teng, Wagner Organizations: CMC, Nikkei Locations: Asia, Pacific, U.S, Europe, Russia, Japan, Chicago, Osaka, Australia, Hong

☆ Stock Market Today: Dow Futures, Ruble Edge Lower
▼ + stars: | 2023-06-26 | by ( ) www.wsj.com time to read: +1 min

Stock futures and bond yields are edging lower as global investors brush off this weekend’s events in Russia . Global central bankers will be meeting in Portugal this week for the European Central Bank’s annual forum. Stocks came under pressure last week as policymakers including Federal Reserve Chair Jerome Powell emphasized that their policy-tightening cycles weren’t yet finished. Stock futures slipped. The benchmark MOEX stock index was down 1.4%.

Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin, Stocks, Jerome Powell, Dow, Brent Organizations: Global, Central, Nasdaq, Treasury, U.S, Benchmark, ’ Locations: Russia, Portugal, Europe, Asia, Hong, Shanghai

Asia-Pacific markets are set for a mixed open as investors look to inflation data out of Japan and Singapore, as well as flash estimates from the au Jibun bank on Japan's manufacturing and services activity. Japan's core inflation rate in May eased slightly to 3.2% year-on-year, lower than April's 3.4% but still above the BOJ's 2% target. In Australia, futures for the S&P/ASX 200 were at 7,145, lower than the index's last close of 7,195.5. Should the losses hold, Australia is on pace for a third-straight day of losses, after seeing its largest one-day fall in June on Thursday. Mainland Chinese markets are closed Friday for a public holiday.

Organizations: Nikkei, Reuters Locations: Asia, Pacific, Japan, Singapore, Chicago, Osaka, Australia

☆ CNBC Daily Open: Time to rethink the rally?
▼ + stars: | 2023-06-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on June 14, 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. Rally haltedU.S. markets closed in the red Tuesday, halting a rally that drove stocks to their highest levels in more than a year. The dinner symbolizes the White House's — and corporate America's — turn to India at a time when U.S.-China ties are fraying.

Persons: Hong, Narendra Modi, Joe Biden, Biden, Tim Cook, Alphabet's Sundar Pichai, Satya Nadella, Raj Subramaniam, Anthony Tan, Alex Hungate, Goldman Sachs, Goldman Organizations: New York Stock Exchange, CNBC, Japan's Nikkei, U.S, House, CYVN Holdings, Reuters Locations: New York City, Asia, Pacific, Hong Kong, India, China, Abu Dhabi, Nio, Singapore

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

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

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

☆ China cuts lending benchmarks to revive slowing demand
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Thomas Peter/FILE PHOTOSHANGHAI/SINGAPORE, June 20 (Reuters) - China cut its key lending benchmarks on Tuesday, the first such reductions in 10 months as authorities seek to shore up a slowing economic recovery, although concerns about the property market meant the easing was not as large as expected. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.55%, while the five-year LPR was cut by the same margin to 4.20%. The People's Bank of China (PBOC) lowered short- and medium-term policy rates last week. "There is no need to roll out all policy measures all at once." Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

Persons: Thomas Peter, Julian Evans, Pritchard, Xing Zhaopeng, Xing, China's, Bruce Pang, Jones Lang LaSalle, Winni Zhou, Tom Westbrook, Kripa Jayaram, Sam Holmes Organizations: Central Business, REUTERS, Capital Economics, Reuters, Mainland Properties, People's Bank of China, ANZ, Jones, Graphics, Thomson Locations: Beijing, China, SHANGHAI, SINGAPORE, outpacing

☆ CNBC Daily Open: The Chinese dragon's still dozing
▼ + stars: | 2023-06-20 | 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. Blinken unexpectedly meets XiU.S. Secretary of State Antony Blinken ended his China visit by meeting with Xi Jinping, the country's president. Nonetheless, they signal to markets that Chinese officials are ready to step in and support economic growth. CNBC Pro combed through FactSet data and found six stocks that are on the verge of forming the golden cross.

Persons: Blinken, Antony Blinken, Xi Jinping, Blinken's, Joe Biden, Xi, Eddie Wu, Alibaba's, Daniel Zhang, Joe Tsai, Zhang Organizations: CNBC, Xi U.S, U.S, Markets, Juneteenth, China's, Bank of, Tmall, Alibaba's Cloud Intelligence Group, Analysts Locations: Dongguan, Guangdong Province of China, China, frayed U.S, America, Asia, Pacific, China's Shanghai, Bank of China

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