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☆ CNBC Daily Open: More all-time highs? Yes please
▼ + stars: | 2024-09-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Why are Treasury yields rising? Treasury yields tend to move in tandem with interest rates. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip.

Persons: Hong, it's, they've, Jeff Cox, Sam Altman, Bret Taylor, Sarah Friar, OpenAI's, Ishiba, Shigeru Ishiba, Sanae Takaichi Organizations: CNBC, Major, CSI, Treasury, U.S . Federal Reserve, Altman, PM, Liberal Democratic, Bank of, People's Bank of China, Barclays Locations: Major U.S, Asia, Pacific

☆ CNBC Daily Open: A high of all-time highs
▼ + stars: | 2024-09-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. All-time high, againMajor U.S. indexes rose on Thursday, with the S&P 500 notching a fresh closing high. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip. But 55% of respondents think Trump will be better for the economy and on inflation.

Persons: Europe's, it's, they've, Jeff Cox, Sam Altman, Bret Taylor, Harris, Kamala Harris, Donald Trump, Trump Organizations: CNBC, Major, Micron, Swiss National Bank, Treasury, U.S . Federal Reserve, Altman, U.S Locations: Major U.S, China

☆ CNBC Daily Open: AI-adjacent companies may be the next big play
▼ + stars: | 2024-09-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. markets slipped as Asian stocks riseU.S. stocks mostly fell Wednesday. The S&P 500 lost 0.19% and the Dow Jones Industrial Average slipped 0.7%, while the Nasdaq Composite closed near the flatline. Support for semiconductor plansIndian Prime Minister Narendra Modi plans to turn the country into a semiconductor powerhouse.

Persons: Mira Murati, Bob McGrew, Narendra Modi, Modi, Meta, Blackstone, Equity's Organizations: CNBC, Dow Jones, Nasdaq, SK Hynix, Indian, Labs Locations: U.S, Hong Kong, India, Asia

☆ CNBC Daily Open: Time to look at AI-adjacent plays
▼ + stars: | 2024-09-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Stoxx Europe 600 Bank Index fell 0.73% as investors monitored UniCredit's potential merger with Commerzbank . Done selling NvidiaNvidia CEO Jensen Huang is done selling the company's stock for now. In March, Huang set out a plan to sell up to six million Nvidia shares by first quarter of 2025.

Persons: Jensen Huang, Huang, Meta Organizations: CNBC, Dow Jones, Nasdaq, Commerzbank, Google, Microsoft Google, European Commission, European Union, Microsoft, Nvidia, Bain & Company, Labs, Hewlett Packard Enterprise Locations: Europe

☆ CNBC Daily Open: Some caution might be good for markets
▼ + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While analysts think this move may mark the end of China's deflationary streak, many think monetary policy is not enough. How much will oil demand grow? The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.

Persons: Larry Hu, Consumer's, September's, Dow Organizations: CNBC, Dow Jones, U.S ., People's Bank of China, Macquarie, International Energy Agency, U.S, U.S . Federal, Barclays, Citi Locations: Corte Madera, Corte Madera , California, Asia, Pacific, China, U.S .

☆ CNBC Daily Open: It might be better economic data isn’t all rosy
▼ + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. How much will oil demand grow? Oil demand will experience "robust medium-term growth," reaching 112.3 million barrels per day in 2029 from 102.2 million barrels per day in 2023, according to OPEC's 2024 World Oil Outlook report. The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.

Persons: Stocks, Consumer's, September's, Dow, Goldman, Denis Coleman, Jamie Dimon, JPMorgan Chase Organizations: CNBC, Dow Jones, U.S . Federal, JPMorgan, International Energy Agency

☆ CNBC Daily Open: Fedspeak reassures markets
▼ + stars: | 2024-09-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets regain momentumU.S. markets rose Monday, with the S&P 500 and Dow Jones Industrial Average notching fresh closing highs. Asia-Pacific stocks mostly climbed Tuesday, with the Chinese and Hong Kong markets popping over 3% on Beijing's announcement of policy easing measures. PBOC policy easingThe People's Bank of China Governor Pan Gongsheng on Tuesday announced a cut to banks' reserve requirement ratio.

Persons: Neel Kashkari, The Beverly Hilton, Pan Gongsheng Organizations: Federal Reserve Bank of Minneapolis, The Beverly, CNBC, Dow Jones, People's Bank of China, Boeing, Tech, Big Tech, Companies, Nomura Locations: Beverly Hills , California, U.S, Asia, Pacific, Hong Kong, China, Beijing

☆ CNBC Daily Open: Vaguely reassuring Fedspeak
▼ + stars: | 2024-09-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael Nagle | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In an interview with CNBC, Minneapolis Fed President Neel Kashkari said, "We still have a strong, healthy labor market. But I want to keep it a strong, healthy labor market." Atlanta Fed President Raphael Bostic was more circumspect.

Persons: IXIC BRBY, Jerome Powell, Michael Nagle, Neel Kashkari, Raphael Bostic, Austan Goolsbee, Goolsbee, yesterday's Fedspeak, Dow, Jeff Cox, Brian Evans, Alex Harring Organizations: US Federal Reserve, Market, New York Stock Exchange, Bloomberg, Getty, CNBC, Minneapolis, Atlanta Fed, National Association of State, Chicago Fed, Dow, Nasdaq Locations: New York, U.S

☆ CNBC Daily Open: Some aren’t convinced of a soft landing
▼ + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Stephanie Keith | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like GDP figures for the second quarter, consumer confidence and PCE report.

Persons: Stephanie Keith, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, –, Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, CNBC, Friday, FedEx, Nasdaq, Dow Locations: New York City

☆ CNBC Daily Open: Recession concerns still linger
▼ + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like the preliminary measure of PMI, consumer confidence and PCE report.

Persons: QCOM, Brendan McDermid, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, –, Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, Friday, FedEx, Nasdaq, Dow, PMI Locations: New York City, U.S

☆ CNBC Daily Open: Markets have finally processed the good news
▼ + stars: | 2024-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Commodity price movements Stocks have rallied on the back of the Fed's rate cut. The S&P climbed 1.7% to end at 5,713.64, the first time the broad-based index has broken through the 5,700 ceiling. At the end of Washington's song, she croons, "What a difference a day makes / And the difference is you."

Persons: Stocks, it's, Jerome Powell's, Jeff Cox, Dinah Washington, Oppenheimer, Brian Belski, Powell, –, Alex Harring, Fred Imbert, Hakyung Kim, Lisa Kailai Han Organizations: Nasdaq, CNBC, Citi, HSBC, People's Bank of, Bank of, Fed, Dow, Nvidia, Apple, BMO Locations: New York, China, Japan, Asia, People's Bank of China, Bank of Japan, Dinah Washington . Washington

☆ CNBC Daily Open: One day makes all the difference
▼ + stars: | 2024-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "Recalibration" Fed Chair Jerome Powell's use of the word "recalibration" seemed to reassure investors that the central bank's 50 basis point cut wasn't that worrying. It signaled the Fed wasn't responding to a slowing economy, but shifting focus to ensuring employment doesn't dip further, wrote CNBC's Jeff Cox. At the end of Washington's song, she croons, "What a difference a day makes / And the difference is you."

Persons: BOE, Jerome Powell's, Jeff Cox, Dinah Washington, Oppenheimer, Brian Belski, Powell, –, Alex Harring, Fred Imbert, Hakyung Kim, Lisa Kailai Han Organizations: Nasdaq, CNBC, JPMorgan Chase, of England, Monetary, Fed, Dow, Nvidia, Apple, BMO Locations: New York, Dinah Washington . Washington

☆ CNBC Daily Open: Markets need time to digest the 50-point cut
▼ + stars: | 2024-09-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.

Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, –, Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, CNBC, Dow Jones, Nasdaq Locations: Washington , DC

☆ CNBC Daily Open: Markets seemed taken aback by the 50-point cut
▼ + stars: | 2024-09-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.

Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, Getty, CNBC, Dow Jones, Nasdaq Locations: Washington , DC

☆ CNBC Daily Open: Hoping for a 50-basis-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ CNBC Daily Open: Hoping for a half-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ CNBC Daily Open: Rate cuts might not benefit tech the most
▼ + stars: | 2024-09-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record close for DowThe S&P 500 and Dow Jones Industrial Average rose on Monday, with the Dow notching a record close. Next move for the BOJThe Bank of Japan won't be raising interest rates at its September meeting, according to a CNBC survey of 32 analysts. [PRO] "Golden age of fixed income"The U.S. Federal Reserve is poised to cut interest rates this week.

Persons: Shaktikanta Das, Biden, Rick Rieder Organizations: Trade Center, CNBC, Dow, Dow Jones, Nasdaq, Nikkei, U.S ., Midea Group, Hong Kong, Bank of Japan, Bank of India, Intel, U.S . Federal Locations: Manhattan, Jersey City , New Jersey, Asia, Pacific, Hong

☆ CNBC Daily Open: Tech might not be the biggest beneficiary of rate cuts
▼ + stars: | 2024-09-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Gary Hershorn | Corbis News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineTechnology stocks benefit the most from low interest rates, conventional market wisdom says. When rates are low, that proposition appears attractive because returns are low elsewhere. This implies investors have been moving out of tech to other sectors that might experience tailwinds amid lower rates.

Persons: Gary Hershorn, Goldman Sachs, Christopher Barto, It's, CNBC's Hakyung Kim, Pia Singh, Yun Li Organizations: Trade Center, Corbis, CNBC, Nvidia, Meta, U.S . Federal, VanEck Semiconductor, Nasdaq, Dow Jones, Fort Pitt Capital Locations: Manhattan, Jersey City , New Jersey

☆ CNBC Daily Open: The real question isn’t the Fed’s first cut, but where it goes after
▼ + stars: | 2024-09-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

CNBC's Sarah Min breaks down how a rate cut could affect the S&P 500 . Welcome to U.S. rate cut week! Furthermore, jumbo hikes of 75 basis points were enacted between June 2022 to November 2022. But given that the rate cut has been so clearly telegraphed by the Fed, it's hard to imagine it not happening. This cut might not be big in terms of basis points, but it will be big in what it signals to markets.

Persons: It's, Sarah Min, Donald Trump, Rafael Barros, Cat Stevens, Aditya Bhave, CNBC's Pia Singh, Hakyung Kim, Brian Evans Organizations: Eccles Federal Reserve, CNBC, U.S . Federal Reserve, China's National Bureau, Statistics, Republican, Federal Bureau of Investigation, Secret Service, U.S, Federal, Fed, Bank of America U.S Locations: Washington , DC, Florida, U.S

☆ CNBC Daily Open: After the Fed’s first cut, where to next?
▼ + stars: | 2024-09-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. CNBC's Sarah Min breaks down how a rate cut could affect the S&P 500 . Welcome to U.S. rate cut week! But given that the rate cut has been so clearly telegraphed by the Fed, it's hard to imagine it not happening. This cut might not be big in terms of basis points, but it will be big in what it signals to markets.

Persons: It's, Sarah Min, Biden, Donald Trump, Rafael Barros, Cat Stevens, Aditya Bhave, CNBC's Pia Singh, Hakyung Kim, Brian Evans Organizations: Eccles Federal Reserve, CNBC, U.S . Federal Reserve, Discount, China's National Bureau, Statistics, Republican, Federal Bureau of Investigation, Secret Service, U.S, Federal, Fed, Bank of America U.S Locations: Washington , DC, Florida, U.S

☆ CNBC Daily Open: With all key data in, the Fed's policy path looks more uncertain
▼ + stars: | 2024-09-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hotter-than-expected core, againThe U.S. producer price index, which measures the prices producers receive before retailers sell goods and services to consumers, rose 0.2% in August, according to the Bureau of Labor Statistics. However, like the consumer price index, core PPI came in 10 basis points higher than expected. But investors are ignoring two big risks to the market, said a chief investment officer of a wealth management firm.

Persons: Hong, Dow Jones, Sheila Kahyaoglu, Safra Catz, Bond Organizations: CNBC, Nasdaq, Dow Jones Industrial, Nikkei, U.S ., Bureau of Labor Statistics, PPI, Boeing, Jefferies, Oracle, Amazon, Google, Microsoft Locations: Asia, Pacific, U.S, Seattle, Oregon

☆ CNBC Daily Open: All key data is in — and it's made the Fed's policy path more uncertain
▼ + stars: | 2024-09-13 | 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. Last Friday, the August employment report showed the number of jobs added was lower than expected but higher than the previous month. Wednesday's CPI report showed the lowest 12-month inflation rate in two-and-a-half years. In short, the data hasn't cleared up whether the Fed will cut by 25 or 50 basis points. They think there's a 57% chance of a 25 point cut and 43% of a 50 point one, according to the CME FedWatch tool.

Persons: Stefani Reynolds, We've, Wednesday's, Jeff Cox, Pia Singh, Sarah Min Organizations: Eccles Federal Reserve, Bloomberg, CNBC, U.S . Federal Reserve, PPI Locations: Washington ,

☆ CNBC Daily Open: Looking past sticky core inflation
▼ + stars: | 2024-09-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 climbed 1.07%, the Dow Jones Industrial Average added 0.31% and the Nasdaq Composite shot up 2.17%. Core inflation, to which the Fed pays more attention because it more accurately reflects price movements, came in a bit higher than expected for the month. Core inflation was higher than the headline number because food and energy prices are stripped out from the former.

Persons: Spencer Platt, –, Jeff Cox, Pia Singh, Lisa Kailai Han Organizations: Getty, CNBC, Dow Jones, Nasdaq, Fed, of Labor Statistics, Nvidia, Reuters, U.S . House Locations: Brooklyn, New York City, U.S, Saudi Arabia

☆ CNBC Daily Open: Lower rates might hurt banks
▼ + stars: | 2024-09-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tough environment for European companiesChina's environment for businesses is so thorny that European companies have grown discouraged with operating in the country, according to the EU Chamber of Commerce. If European companies were to invest in China further, Beijing must act on its pledges to improve the business conditions, the chamber's paper wrote. CNBC Pro looked for companies headquartered overseas, but listed in the U.S. – and may experience over 100% upside, according to analysts.

Persons: Morgan, Dow, First Harris, Kamala Harris, Donald Trump, Taylor Swift, Harris, Cat Lady Organizations: Canary, CNBC, Nasdaq, Japan's Nikkei, U.S ., Trump, EU Chamber of Commerce, Federal Reserve Locations: Wharf, London, United Kingdom, Asia, Pacific, fracking, China, Instagram, Beijing, U.S

☆ CNBC Daily Open: Banks might not love lower rates unconditionally
▼ + stars: | 2024-09-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Big price reportsThe U.S. consumer price index for August comes out later today, while the producer price index, which measures prices at the wholesale level, will be released a day later. They're the last major economic data the Federal Reserve will receive — and hence influence its decision on the size of cuts — before its meeting next week. Separately, JPMorgan shares fell 5.19% after the bank's president Daniel Pinto lowered expectations for next year's net interest income.

Persons: Dow, Jamie Dimon, JPMorgan Chase, stagflation, Daniel Pinto Organizations: CNBC, Nasdaq, Continental, BMW, Federal Reserve, JPMorgan, U.S, Apple Intelligence Apple Locations: Basel

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