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☆ European markets set to open higher ahead of ECB rate decision
▼ + stars: | 2024-07-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The U.K.'s FTSE 100 was last seen up 40 points at 8,231, Germany's DAX 15 points higher at 18,464 and France's CAC up 7 points at 7,590. LONDON — European markets were headed for a higher open on Thursday as investors awaited the European Central Bank's interest rate decision. Asia-Pacific markets tumbled on the news from the chip sector overnight, with Japan's Nikkei 225 declining more than 2%. Back in Europe, the European Central Bank is expected to announce its latest interest rate decision Thursday. Markets are widely expecting the central bank to leave rates unchanged, but investors are hoping for guidance on the path ahead for monetary policy.

Persons: Boris Roessler, Germany's DAX Organizations: Getty, CAC, MIB, LONDON, Tech, Japan's Nikkei, Nasdaq, European Central Bank, Novartis, Volvo, Ubisoft, Nokia Locations: Hesse, Frankfurt, U.S, Asia, Pacific, Europe

☆ Asia-Pacific markets tumble as chip stocks fall; Nasdaq records its worst day since 2022
▼ + stars: | 2024-07-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets plummeted as chip-related stocks dropped following reports of more stringent export restrictions from the U.S. and as comments from former U.S. President Donald Trump raised geopolitical tensions. Japan's Nikkei 225 declined more than 2%, while the Topix dropped 1.13%. Shares of Tokyo Electron , which supplies to Taiwan Semiconductor Manufacturing Company , plunged more than 10%, while other chip-related stocks such as Advantest and Organo dropped more than 5% and 2%, respectively. Shares of Taiwan Semiconductor Manufacturing Company — the world's largest chip maker — fell more than 3%, dragging the Taiwan Weighted Index lower by 1.7%. The Nasdaq Composite fell nearly 2.8% overnight — posting its worst day since December 2022.

Persons: Donald Trump, Organo, —, Jerome Powell's Organizations: Nikkei, Tokyo, Taiwan Semiconductor Manufacturing Company, Samsung Electronics, Taiwan Semiconductor Manufacturing, Nasdaq Locations: Asia, Pacific, U.S, Taiwan

Asia-Pacific markets traded mixed on Wednesday with Australia's S&P/ASX 200 reaching an all-time high, while an increase in business optimism among large Japanese manufacturers lifted Japanese stocks. Japan's Nikkei 225 declined 0.43% to close at 41,097.69, while the Topix rose 0.37% to end at 2,915.21. The Taiwan Weighted Index fell 0.77% after a report cited U.S. Republican presidential candidate Donald Trump saying that Taiwan should pay the U.S. for defense. I think, Taiwan should pay us for defense," Trump said in interview with Bloomberg Businessweek in June that was published on Tuesday. On a month-on-month basis, Singapore's non-oil domestic unexpectedly dropped 0.4%, compared with a expectations of a 4.1% growth.

Persons: Australia's, Donald Trump, Trump, Cho Jung, TSMC, Georges Elhedery, Elhedery, Noel Quinn Organizations: Reuters, U.S ., Nikkei, Northern Star Resources, Bellevue, Mining, Newmont Corporation, CSI, Republican, Bloomberg Businessweek, Taiwan, HSBC Holdings, Hong Locations: Asia, Pacific, Gold, Taiwan, Hong Kong

☆ CNBC Daily Open: Trump attends RNC, Dow record close, bitcoin 'digital gold
▼ + stars: | 2024-07-16 | by ( Abid Ali | ) 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. Dow record highThe Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt. Trump lauded at RNCFormer President Donald Trump was cheered and celebrated at the Republican National Convention in Milwaukee, his first appearance since an assassination attempt at a Pennsylvania rally. [PRO] 'Super 8'UBS has updated its "Super 8" list of top Asian tech stocks, seen as alternatives to the US "Magnificent Seven."

Persons: Donald Trump, Russell, Jerome Powell, Trump, JD Vance, Ohio, Elon Musk, Powell, you've, Larry Fink, Fink, bitcoin, CNBC's, Donald Trump's Organizations: CNBC, Dow, Dow Jones, Nasdaq, Treasury, Federal, RNC, Republican National Convention, Sporting, Trump, BlackRock, CSI, Nikkei, UBS Locations: U.S, Milwaukee, Pennsylvania, Asia, Pacific, China, Hong

☆ Asia-Pacific markets open mixed on the back of Fed chair's rate cut comments
▼ + stars: | 2024-07-16 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

China's biggest policy meeting in six years kicks will kick off this week. Asia-Pacific markets open mixed on Tuesday as traders in Asia react to Federal Reserve Chair Jerome Powell's comments that the central bank will not wait until inflation hits 2% to cut interest rates. Powell indicated that central bank is looking for "greater confidence" that inflation will drop to the 2% level, citing "long and variable lags" in policy effects. The blue-chip Dow also reached a new intraday high, advancing 0.53% to close at 40,211.72. Similarly, The S&P 500 added 0.28% to 5,631.22, while the Nasdaq Composite gained 0.4% to end at 18,472.57.

Persons: Jerome Powell's, Powell, Donald Trump's, Dow Organizations: Republican, Dow Jones, Nasdaq Locations: Asia, Pacific

☆ CNBC Daily Open: Biden urges unity
▼ + stars: | 2024-07-15 | by ( Abid Ali | ) www.cnbc.com time to read: +4 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. Trump assassination attemptPresident Joe Biden addressed the nation from the White House, where he condemned all political violence and called for unity. [PRO] Gearing up for electionsWith the U.S. presidential election approaching and stock markets at all-time highs, professional investors are emphasizing portfolio diversification to mitigate risks. Despite a brief downturn due to a rotation out of mega-cap growth stocks, the markets rebounded, setting new records.

Persons: Trump, Joe Biden, Biden, Donald Trump, Thomas Matthew Crooks, CNBC's Evelyn Cheng, Russell, CNBC's Michael Santoli, Wiz, David Roche, Hong, Australia's, Korea's Kospi Organizations: CNBC, White, FBI, NBC, Dow, Dow Jones, Depot, Caterpillar, Big Tech, Nasdaq, Wiz, Wall Street Journal, Sequoia Capital, Insight Partners, Quantum, Trump, Republican, Senate, CSI, U.S Locations: Pennsylvania, Bethel Park , Pennsylvania, China, Israeli, Hong Kong Asia, Pacific

☆ Asia markets climb as investors assess assassination attempt on Trump, await China Third Plenum
▼ + stars: | 2024-07-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets climbed on Monday as investors awaited China's Third Plenum and also assessed an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. David Roche, president of Quantum Strategy, said in a note on Sunday that Trump would win the presidency, with an increased probability of a Republican clean sweep of both the House of Representatives and the Senate. Key China economic data will be released on Monday, including the country's second quarter GDP numbers. China's economy is expected to expand 5.1% year on year, according to a Reuters poll of economists, compared to 5.3% in the first quarter. Japan's markets are closed for a public holiday.

Persons: Donald Trump, David Roche Organizations: Quantum, Trump, Republican Locations: Asia, Pacific, China

☆ Japan's Nikkei falls over 2% amid suspected yen intervention; U.S. inflation cools more than expected
▼ + stars: | 2024-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Early Friday, the yen also suddenly strengthened against the dollar after the U.S. inflation data release, prompting analysts and traders to suspect a possible intervention from the country's ministry of finance. The yen traded at 158.55 against the U.S. dollar at roughly 12 a.m. Tokyo time after trading around 161.52 late Thursday. The currency strengthened further against the greenback, currently standing at 158.23. On Friday, Japan's top currency diplomat Masato Kanda said that authorities will take action as needed in the foreign exchange market. Reuters also reported that Kanda said recent yen moves were somewhat rapid, but declined to comment on whether authorities had intervened in the currency.

Persons: Masato Kanda, Kanda Organizations: Federal Reserve, U.S, greenback, Reuters Locations: Asia, Pacific, U.S, Tokyo

☆ Japan's Nikkei smashes past 42,000 mark to all-time high; Asia-Pacific markets climb on tech rally and rate cut hopes
▼ + stars: | 2024-07-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. Japan's Nikkei 225 surged to a fresh high on Thursday, crossing the 42,000 mark for the first time. Other Asia-Pacific markets rose on the back of a U.S. Big Tech rally and greater confidence on Federal Reserve rate cuts. Chip stocks were among the biggest winners of the U.S. trading session. In Asia, investors will be watching for any spillover optimism in the region's tech stocks, particularly in Japan, where chip related companies have lifted the Nikkei 225 to record highs.

Persons: Topix Organizations: Nikkei, Big Tech, Taiwan Semiconductor Manufacturing Company, Qualcomm, Broadcom, Bank of Locations: Seoul, South Korea, Asia, Pacific, U.S, Japan

☆ Asia-Pacific markets slip as investors assess Japan inflation data; China CPI in focus
▼ + stars: | 2024-07-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets started Wednesday lower, even as key Wall Street benchmarks rose following dovish comments from U.S. Federal Reserve Chairman Jerome Powell overnight. Powell signaled caution over leaving interest rates at too high a level, saying that "reducing policy restraint too late or too little could unduly weaken economic activity and employment." Over in Asia, investors will assess inflation data from China and Japan, with China releasing its consumer and producer prices data for June. Japan's corporate goods price index rose to 2.9% in June from a year earlier, in line with expectations and climbing at a faster pace compared to a revised 2.6% in May. The CGPI measures the price changes of goods traded within the corporate sector.

Persons: Jerome Powell, Powell Organizations: U.S . Federal, PPI Locations: Asia, Pacific, U.S, China, Japan

☆ European markets head for positive open as political worries subside
▼ + stars: | 2024-07-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Liverpool Street train station beneath the new skyline of skyscrapers in the City of London financial district on 14th February 2022 in London, United Kingdom. LONDON — European stocks are expected to open higher Wednesday as concerns over the political outlook in France subside. France's CAC 40 index closed 1.81% lower Tuesday as traders assessed the implications of a hung parliament and a period of political uncertainty in France. Asia-Pacific markets were mixed overnight, even as key Wall Street benchmarks rose following dovish comments from U.S. Federal Reserve Chairman Jerome Powell Tuesday. U.S. stock futures were little changed in overnight trading Tuesday after the S&P 500 notched a fresh record close.

Persons: Germany's DAX, Emmanuel Macron, Jerome Powell, Powell Organizations: Liverpool, LONDON, CAC, IG, Front, NFP, U.S . Federal, National Grid Locations: City, London, United Kingdom, France, Asia, Pacific, U.S, Wetherspoons

☆ Asia markets rise after S&P 500, Nasdaq close at all-time highs; Aussie consumer confidence dips
▼ + stars: | 2024-07-09 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets opened higher on Tuesday, tracking gains on Wall Street that saw the S&P 500 and the Nasdaq Composite closing at record highs overnight. Hyundai on the other hand reached a tentative wage agreement with its labor union, averting a strike. Hyundai shares slid 1.59%. Last week, the European Union had hiked tariffs on electric vehicles imported from China. Traders in Asia will also watch out for Australia's business confidence data due later in the day.

Persons: Kospi, Mehmet Fatih Kacir, Australia's Organizations: Nasdaq, Nikkei, Samsung Electronics, Hyundai, European Union, Traders Locations: Asia, Pacific, Turkey, China

☆ CNBC Daily Open: Are markets too optimistic?
▼ + stars: | 2024-07-09 | by ( Abid Ali | ) 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. While open to collaboration, Elliott plans to give shareholders a say in leadership changes if the board remains unresponsive. Despite selling $379 million worth of bitcoin in recent weeks, Germany's Federal Criminal Police Office still holds roughly 32,488 bitcoins — worth around $1.9 billion at today's prices. Japan stocks hit record highJapan's export-heavy Nikkei 225 as well as the broader Topix hit record highs amid a broader rise in Asia-Pacific markets.

Persons: Beryl, Elliott, Elliott Management, Bob Jordan, Gary Kelly, Corning, We've, Wendell Weeks Organizations: New York Stock Exchange, CNBC, Nasdaq, Apple, Nvidia, Dow Jones, Treasury, Southwest Airlines, Police, Federal Criminal Police, National Australia Bank, CSI Locations: New York City, U.S, Saxony, Japan, Asia, Pacific, Al

☆ Asia-Pacific markets open mixed as investors await U.S. and China inflation data
▼ + stars: | 2024-07-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets opened mixed on Monday as investors awaited key economic data from the U.S. and China later this week, while election results in France overnight signaled a hung parliament. France's left-wing New Popular Front coalition on Sunday unexpectedly thwarted a far-right advance, clinching the largest number of seats but falling short of an absolute majority in a parliamentary run-off vote. Investors await the U.S. consumer price index reading, due Thursday stateside, to assess the Federal Reserve's interest rate path, while China's inflation figures on Wednesday will signal the state of the country's economic recovery. Central bank decisions from South Korea, New Zealand and Malaysia will also be announced this week, although no changes are expected, according to a Reuters poll of economists.

Persons: France's Organizations: Popular Front, Sunday Locations: Asia, Pacific, U.S, China, France, Central, South Korea, New Zealand, Malaysia

☆ Japan stocks extend rally to hit fresh all-time highs amid mixed Asia-Pacific markets
▼ + stars: | 2024-07-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

People commuting to work in the morning cross a pedestrian crossing in Tokyo on February 15, 2024. Asia-Pacific markets were mostly up, with Japan's key benchmark hitting new highs on Friday, after scaling record peaks in the previous session. The broad-based Topix also extended its gains and advanced 0.06% to a fresh record high. Japan's household spending for May unexpectedly dipped 1.8% in real terms compared to the same period last year. Household spending data is a key metric for the Bank of Japan's to assess its goal of realizing a "virtuous cycle" of rising wages and prices.

Persons: Topix Organizations: Nikkei, Reuters, Bank of Japan's Locations: Tokyo, Asia, Pacific, Singapore

Asia-Pacific markets rose Thursday morning as Japan's Topix crossed its all-time high of 2,886.50, previously set in December 1989. The Topix jumped 0.56% in early morning trading, while the Nikkei 225 rose 0.55%. The Nikkei is less than 150 points from its all-time high of 40,888.43. Big firms with 300 or more union-backed employees raised wages by 5.19%, while smaller firms increased pay by 4.45%. Australia's trade surplus is expected to narrow to 6.3 billion Australian dollars ($4.23 billion) from about AU$ 6.5 billion.

Persons: Topix Organizations: Hong Kong Stock Exchange, Nikkei, Bank of Japan Locations: Asia, Pacific, Hong Kong

☆ European markets head for higher open as UK election takes place
▼ + stars: | 2024-07-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

The Houses of Parliament are seen on June 28, 2024 in London, England ahead of the UK general election. LONDON — European stocks are expected to open higher Thursday, with the U.K.'s general election in focus in the region. The U.K. general election is being held Thursday. Polls open from 7a.m. Overnight, Asia-Pacific markets were mostly up Thursday as Japan's Topix crossed its all-time high of 2,886.50, previously set in December 1989.

Persons: Germany's DAX, Japan's Topix Organizations: LONDON, CAC, IG, Labour Party, Conservative Party Locations: London, England, Asia, Pacific

LONDON — European stocks closed higher Wednesday, as sentiment remains on edge ahead of two major elections. The index provisionally closed 0.8% higher, with most sectors in the green led by mining stocks, up 2.3%. Maersk shares ticked 3.8% higher after the shipping giant withdrew from sales talks with logistics firm DB Schenker. It comes as figures showed softening in the U.S. labor market. ADP data showed less private payroll growth than expected in June, while weekly jobless claims numbers came in higher than forecast.

Persons: Vincent Clerc, Jerome Powell Organizations: Maersk, DB Schenker, Labour Party, Reuters, U.S, Federal Locations: France, Asia, Pacific, U.S

Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Asia-Pacific markets fell on Tuesday, despite gains on Wall Street that saw the Nasdaq Composite reached a new record on the strength of tech stocks. The index was led by gains in Microsoft , Apple and chipmaker Nvidia . It advanced 0.83% to end at 17,879.3. Traders in Asia are assessing South Korea's inflation numbers which came in at 2.4% for June, missing expectations by economists polled by Reuters who predicted a inflation rate of 2.7%.

Organizations: Lotte Corp, Nasdaq, Microsoft, Apple, Nvidia, Traders, Reuters Locations: Seoul, South Korea, Asia, Pacific

☆ Asia markets mixed as China manufacturing contracts again, Japan business confidence at 2-year high
▼ + stars: | 2024-07-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - JANUARY 01: Sun rises over the Oriental Pearl Tower on New Year's Day on January 1, 2023 in Shanghai, China. (Photo by VCG/VCG via Getty Images)Asia-Pacific markets started the second half of the year mixed as investors assessed official June business activity data from China and Japan's business confidence readings. China released its official PMI figures on the weekend, with its manufacturing PMI coming in at 49.5, unchanged from May and marking its second straight month in contraction territory. Confidence among big Japanese manufacturers improved in the second quarter to a two-month high, with the Tankan survey at +13 compared to +11 in the first quarter. Separately, S&P Global purchasing managers' index readings will be out for several Asian economies, including China, Japan and South Korea.

Organizations: Getty Images, PMI, Reuters, P Global Locations: SHANGHAI, CHINA, Shanghai, China, Asia, Pacific, Japan, South Korea

☆ European markets head for higher open as investors digest French election's first round results
▼ + stars: | 2024-07-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Poster of Christophe Versini for the Rassemblement National (National Rally) party, with Marine Le Pen and Jordan Bardella on it, on June 24, 2024. LONDON — European stocks are expected to start the new trading week higher as investors in the region digest the results of the first round of France's snap parliamentary election. European markets will be reacting to the results of the first round of the snap parliamentary election in France in which there was a sharp upswing in votes for the anti-immigrant National Rally party. Initial results point to it struggling for an absolute majority in the second round of voting that takes place on July 7, however. Overnight, Asia-Pacific markets started the second half of the year mixed as investors assessed June business activity data from China as well as Japan's business confidence readings.

Persons: Christophe Versini, Jordan Bardella, Germany's DAX, Emmanuel Macron's Organizations: Rassemblement National, LONDON, CAC, IG, National Rally, British Foods Locations: France, Asia, Pacific, China

☆ European stocks set to open higher as investors await fresh inflation data
▼ + stars: | 2024-06-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

LONDON — European stocks are poised to open higher Friday as investors look ahead to key inflation data from the euro zone and U.S. Regional stocks ended the previous session lower, as retail was dragged lower after a profit miss for H&M. Markets are watching out for fresh inflation data from France, Italy and Spain later in the session, while Germany releases unemployment figures and retail sales. Asia-Pacific markets climbed on Friday as investors assessed key economic data out of Japan. Meanwhile, U.S. stock futures were mixed ahead of the release of May's core personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, Friday morning.

Organizations: Regional, U.S, U.S . Federal Locations: U.S, France, Italy, Spain, Germany, Asia, Pacific, Japan, U.S .

☆ Asia-Pacific markets rise as investors assess Japan economic data and await U.S. inflation reading
▼ + stars: | 2024-06-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets climbed on Friday as investors assessed key economic data out of Japan and awaited U.S. inflation reading due later in the day. The core inflation rate —which strips out prices of fresh food — rose to 2.1% from 1.9% in May. Tokyo inflation data is widely considered to be a leading indicator for nationwide trends. The country's industrial production grew 2.8% month on month in May, beating expectations of 2% from economists polled by Reuters. On a year-on-year basis, industrial production rose 0.3%.

Persons: April's Organizations: Reuters Locations: Asia, Pacific, Japan, Tokyo, South Korea, Korea

☆ European markets head for negative open as inflation worries persist
▼ + stars: | 2024-06-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A photo shows the bell during a bell ceremony of the Euronext Brussels Stock Exchange in Brussels on March 18, 2024. LONDON — European stocks are expected to open in negative territory Thursday as global inflation worries continue to rattle markets. Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released. Data releases in Europe Thursday include Italy's latest consumer and business confidence numbers, and Spanish retail sales. An EU leader' summit begins in Brussels on Thursday and the Bank of England publishes its latest Financial Stability Report.

Persons: Germany's DAX Organizations: Euronext Brussels Stock Exchange, LONDON, CAC, IG, Global, U.S, U.S . Federal, U.S ., Bank of England Locations: Brussels, U.S ., Asia, Pacific, Europe, EU

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Asia-Pacific markets opened lower on Thursday, as the Japanese yen weakened to a near 38-year low late Wednesday, hitting 160.82 against the U.S. dollar, according to FactSet data. The yen last breached the 160 level against the dollar two months ago, prompting the Japanese government to prop it up in the country's first currency intervention since 2022. Japan's year-on-year retail sales growth for May came in at 3%, higher than the market forecast of 2%, according to a Reuters poll of economists. Investors in Asia will also look toward China's May industrial profit numbers which will be released on Thursday.

Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, U.S ., Investors Locations: Tokyo, Japan, Asia, Pacific, Japan's

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