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☆ CNBC Daily Open: Israel-Hamas war will have a limited effect on markets
▼ + stars: | 2023-10-10 | 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. Markets shook off fearsU.S. stocks rose Monday despite a 4% spike in oil prices caused by the Israel-Hamas war. Booming digital economySingapore's digital economy contributed 106 billion Singapore dollars ($77.5 billion) to the economy last year, comprising more than 17% of gross domestic product. "Despite the recent tech sector lay-offs, the demand for tech jobs is likely to remain resilient," said the country's Infocomm Media Development Authority.

Persons: Russell, Goldman Sachs, Goldman Organizations: New York Stock Exchange, CNBC, Japan's Nikkei, Palestinian, Hamas, United Nations, Hong Kong, Singapore, Media Development Authority Locations: New York City, Israel, Asia, Pacific, Shanghai, Gaza

☆ CNBC Daily Open: The Israel-Hamas war shouldn’t affect markets much
▼ + stars: | 2023-10-10 | 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. Markets shook off fearsU.S. stocks rose Monday despite a 4% spike in oil prices caused by the Israel-Hamas war. OPEC thinks global oil demand will reach 116 million barrels per day by 2045, around 6 million more bpd than its prediction last year. Dogger Bank Wind Farm, described as the "world's largest offshore wind farm," began producing energy over the weekend.

Persons: Russell, Europe's, it's, — Organizations: New York Stock Exchange, CNBC, Metro Bank, Palestinian, Hamas, International Energy Agency, OPEC, Dogger Bank Wind Locations: New York City, Israel, Gaza, England, Ukraine, —

☆ CNBC Daily Open: There’s good news for investors beneath September’s jobs number
▼ + stars: | 2023-10-09 | 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. Mainland China's Shanghai Composite dipped 0.67% after reopening from the Golden Week holiday. Golden Week, golden demandChina's domestic tourism during the "Golden Week" period, an eight-day holiday that ended Friday, rebounded to pre-pandemic levels, according to official figures. [PRO] After jobs, inflation numbersAfter last week's blockbuster jobs report, investors will be scrutinizing price readings this week for signs that inflation is abating despite a tight labor market. If price increases cool for the month — as economists expect — investors are hoping falling bond prices no longer drag down stocks.

Persons: Israel, Ian Bremmer, nonfarm payrolls, That's, Dow Jones, Hong Organizations: CNBC, Hamas Gunmen, Saturday, Hamas, Eurasia Group, Markets, Treasury Locations: Israel, China, Asia, Pacific, Japan, South, Shanghai

☆ CNBC Daily Open: Look beyond the headline jobs number
▼ + stars: | 2023-10-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Joe Raedle | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThe number of jobs the U.S. economy added in September was so unexpectedly high that markets fell right on cue. Instead, the shocker of a jobs report said nonfarm payrolls increased by 336,000 last month, the most since January. After reeling from the shocking headline number, investors had time to digest the details in the report.

Persons: Joe Raedle, nonfarm, Stocks, Dante DeAntonio, Dow, It's Organizations: Tire, CNBC, shocker, Federal Reserve, Nasdaq, Treasury, Dow Jones Industrial, Moody's Locations: Miami , Florida, U.S, Israel

☆ CNBC Daily Open: The September jobs report is key
▼ + stars: | 2023-10-06 | 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. Bracing for the jobs reportU.S. stocks dipped slightly Thursday as investors braced for the September job report coming out today. JPMorgan Chase's Marko Kolanovic thinks the S&P 500 might be slammed by a 20% sell-off if high interest rates persist. In other words, the gap between cheap and expensive stocks is larger than usual — which gives value investors a "tremendous opportunity."

Persons: Hong, Tencent, JPMorgan Chase's Marko Kolanovic, I'm, Bill Nygren, Nygren Organizations: CNBC, Treasury, Administration, European Union Chamber of Commerce Locations: Asia, Pacific, China

☆ CNBC Daily Open: Much depends on the September jobs report
▼ + stars: | 2023-10-06 | 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. Bracing for the jobs reportU.S. stocks dipped slightly Thursday as investors braced for the September job report coming out today. Yielding to high yieldsThe 10-year Treasury yield hit 4.8% Tuesday, a 16-year high. That isn't really a surprise, given the surge in U.S. Treasury yields and the September slump in stocks.

Persons: inched, Bond king's, Bill Gross isn't, Gross Organizations: CNBC, Metro Bank, Alstom cratered, Treasury, Federal Reserve Locations: Serbia, Kosovo, Northern Kosovo, Europe, Ukraine, U.S

☆ CNBC Daily Open: Investors got a brief reprieve
▼ + stars: | 2023-10-05 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on October 04, 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. Stocks climbed, yields retreatedU.S. stocks climbed Wednesday and Treasury yields retreated, helping the Dow Jones Industrial Average break its three-day losing streak. Here's how he's planning to manage the risk, and what he's buying to hedge against possible losses.

Persons: Stocks, Kospi, payrolls, Marc, Antoine Julliard, Sam Bankman, Jim Jordan, Steve Scalise, Kevin McCarthy, Jordan's, Donald Trump, who's, Matthew McLennan Organizations: New York Stock Exchange, CNBC, Treasury, Dow Jones, Japan's Nikkei, ADP, FTX, Speaker U.S, Freedom Caucus, Former U.S Locations: New York City, Asia, Pacific, Former, U.S

☆ CNBC Daily Open: Brief reprieve for investors
▼ + stars: | 2023-10-05 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineInvestors got a brief reprieve from bad news and rising costs yesterday, which helped to ease pressure from stocks. "I don't think you get a broader [rally] participation until rates ease up, and that's only if rates ease without some sort of financial crisis or hard landing recession," said Ross Mayfield, investment strategy analyst at Baird. Echoing Mayfield, Liz Young, SoFi's head of investment strategy, said, "Obviously, we're getting a little reprieve today, but I think it's just that."

Persons: Michael M, Tuesday's JOLTS, Brent, Ross Mayfield, Baird, Echoing Mayfield, Liz Young Organizations: GM, New York Stock Exchange, Santiago, CNBC, Federal, ADP, West Texas, Dow Jones, Nasdaq Locations: New York City, U.S

☆ CNBC Daily Open: High rates are breaking something new in markets
▼ + stars: | 2023-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. House Speaker, mutedEight hardline conservative Republicans joined all Democrats to oust Republican Kevin McCarthy as speaker in a "motion to vacate" introduced by Republican Matt Gaetz. Patrick McHenry, a close McCarthy ally, will assume the role of speaker temporarily; McCarthy said he won't be running again.

Persons: Kospi, CBRE, Knight Frank, Republican Kevin McCarthy, Matt Gaetz, Patrick McHenry, McCarthy Organizations: New York Stock Exchange, CNBC, Dow Jones, Treasury, Nikkei, Reserve Bank of New Zealand, Japan's, U.S, Republicans, Democrats, Republican, Citi Locations: New York City, Asia, Pacific, Canada

☆ CNBC Daily Open: Something else is breaking in markets
▼ + stars: | 2023-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A trader works on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 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. [PRO] Railed by ratesHigher-for-longer interest rates are really starting to hit markets hard. It's very broad swaths of the stock and bond markets that are seeing new 52-week lows, as CNBC Pro's Bob Pisani observes — and explains why they've been hitting troughs.

Persons: Dow, Republican Kevin McCarthy, Matt Gaetz, Patrick McHenry, McCarthy, Bob Pisani, —, they've Organizations: New York Stock Exchange, CNBC, Dow Jones, Treasury, U.S ., Intel, Solutions, House, U.S . House, Republican Locations: New York City

☆ CNBC Daily Open: Heed the Russell 2000’s warning
▼ + stars: | 2023-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

In other words, the Russell 2000 turned negative for the first time in 2023. It comprises 2,000 small companies — the average market capitalization of a firm on the Russell 2000 is $2.98 billion, as of Aug. 31. More significantly, investors think the Russell 2000 more accurately reflects the state of the U.S. economy. Financials comprise much of the index, Hickey said, which makes the Russell 2000 more sensitive toward higher interest rates. A canary the Russell 2000 might not be, but a cautionary tale it definitely is.

Persons: Michael M, Russell, Paul Hickey, Hickey, CNBC's Hakyung Kim Organizations: New York Stock Exchange, Santiago, Getty, CNBC, Dow Jones, Nasdaq, Apple, Investment Locations: New York City, U.S

☆ CNBC Daily Open: The Russell 2000 is flashing a warning
▼ + stars: | 2023-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

☆ CNBC Daily Open: September sell-off, October bounce?
▼ + stars: | 2023-10-02 | 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. World Bank cuts growth forecastThe World Bank trimmed its 2023 growth forecast for developing economies in East Asia and the Pacific from 5.1% to 5%. China's growing demand for commoditiesDespite the World Bank's downgrade of China's growth prospects, China's demand for commodities has been growing at "robust rates," according to Goldman Sachs. However, the bill merely allows the U.S. government to stay open — and lawmakers to thrash out a more permanent funding legislation — for 45 more days.

Persons: Goldman Sachs Organizations: New York Stock Exchange, CNBC, Nasdaq, Nikkei, Bank, U.S, Senate, Labor, Survey Locations: New York City, China , Hong Kong, South Korea, East Asia, China, Russia

☆ CNBC Daily Open: Oversold in September, bounce in October?
▼ + stars: | 2023-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. 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. Auto strikes expandThe United Auto Workers union expanded its strikes Friday, halting work at another Ford plant and an additional GM Plant. And September's jobs report will be released Friday, showing if the jobs market is still tight, as recent data on jobless claims have suggested.

Persons: Europe's, Stellantis, Shawn Fain Organizations: New York Stock Exchange, CNBC, Nasdaq, PCE, U.S, Senate, Auto, United Auto Workers, Labor, Survey Locations: New York, U.S, Russia

☆ CNBC Daily Open: Long-term prospects are uncertain
▼ + stars: | 2023-09-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

People walk outside of the New York Stock Exchange (NYSE) in the financial district in Manhattan on June 14, 2022 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. Big population but small labor forceEven though India's population of 1.428 billion has surpassed that of China's, according to UN estimates, the country's labor force is only at 51%, trailing behind China's 75%. When that happens, this simple bond trade can earn you 40% in returns, said investment analysts.

Persons: Hong, Bill Ackman, Rick Rieder, Katie Koch Organizations: New York Stock Exchange, CNBC, Nikkei, Alpha, Pershing, Capital Management, Treasury, BlackRock, Federal, TCW, China's, Oxford Economics Locations: Manhattan, New York City, Asia, Pacific, Tokyo, U.S, China

☆ CNBC Daily Open: Long-term prospects look dim
▼ + stars: | 2023-09-29 | 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 new, 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 lineA smattering of positive developments helped investor sentiment yesterday. According to the latest survey by the American Association of Individual Investors, which measures retail investors' sentiment for stocks over the next six months, overall bearishness climbed from 34.6% last week to 40.9%. — CNBC's Scott Schnipper contributed to this report Correction: An earlier version of this report misspelled Rick Rieder's name.

Persons: Michael Nagle, Treasurys, yield's, it's, —, Brent, — CNBC's Scott Schnipper, Rick Rieder's Organizations: New York Stock Exchange, Bloomberg, Getty, CNBC, . West Texas, Dow Jones, Nasdaq, AMD, American Association of, Alpha, Treasury, Federal Reserve Locations: New York

☆ CNBC Daily Open: September is ‘likely to remain messy’
▼ + stars: | 2023-09-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersThis 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. What you need to know todayThe bottom lineSeptember's story hasn't changed: High yields and oil prices are dragging down stocks. Rising Treasury yields aren't the only costs weighing on the economy — oil prices are surging again. Even though September's already ending, things, as BTIG's Jonathan Krinsky puts it, "are likely to remain messy."

Persons: Brendan McDermid, Treasury inched, that's, John Chambers, September's, Jonathan Krinsky Organizations: HK, New York Stock Exchange, Reuters, CNBC, Treasury, hobbling, Federal, AAA, AA Locations: New York City, U.S

☆ CNBC Daily Open: Things are ‘likely to remain messy’
▼ + stars: | 2023-09-28 | 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. Minneapolis Federal Reserve President Neel Kashkari thinks the current interest rate range of 5.25% to 5.5% might not be high enough to be restrict inflation, he told CNBC. But even after that turmoil, it doesn't look like stocks have hit their bottom yet, writes CNBC Pro's Bob Pisani. Here are the signs he's looking for before he thinks stocks can rally again.

Persons: Europe's, John Chambers, Neel Kashkari, Kashkari, Meta, Stocks, —, hasn't, Bob Pisani Organizations: CNBC, Dow Jones, Nasdaq, Treasury, AAA, AA, Minneapolis Federal, metaverse Meta Locations: Congress, Minneapolis

☆ CNBC Daily Open: Banishing the AI hallucination
▼ + stars: | 2023-09-22 | 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. Meanwhile, Japan's Nikkei 225 lost 0.42% after the country's central bank maintained its negative interest rates. Growth-focused technology stocks, in particular, are struggling in an environment of higher-for-longer interest rates. But that means the time's ripe to look at European value stocks.

Persons: Hong, Fraser Institute's, Matthew Mitchell Organizations: CNBC, Nikkei, Bank of Japan, U.S, Cisco, Fraser Institute, Hong, Citi Locations: Asia, Pacific, Singapore, Canada, Hong Kong

☆ CNBC Daily Open: Dispelling the AI hallucination
▼ + stars: | 2023-09-22 | 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. The pan-European Stoxx 600 slumped 1.3% amid a flurry of central bank decisions. Sweden hiked rates by 25 basis points to 4%; Norway raised its rate from 4% to 4.25%; Switzerland kept rates unchanged. SuccessionRupert Murdoch is stepping down as chairman of the board of Fox Corp and News Corp in November.

Persons: Rupert Murdoch, Lachlan Murdoch, Steve Eisman, that's Organizations: CNBC, of England, Cisco, Fox Corp, News Corp, Fox News, Systems, Valley Bank Locations: Sweden, Norway, Switzerland, Turkey

☆ CNBC Daily Open: Try to look on the bright side of higher-for-longer rates
▼ + stars: | 2023-09-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Chip Somodevilla | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAs expected, the Federal Reserve declined to increase interest rates. In June, the Federal Open Market Committee forecast four rate cuts next year, totaling one percentage point. Despite the prognostications of robust economic growth, markets focused on the "higher rates for longer" part of the dot plot, seeing the glass as half empty.

Persons: Jerome Powell, Chip Somodevilla, That's, Powell, we'll, —, Jeff Cox, Yun Li Organizations: Federal Reserve, Getty, CNBC, Federal, Fed, Dow Jones Industrial, Nasdaq Locations: Washington ,, U.S

☆ CNBC Daily Open: Try to see the bright side of higher-for-longer rates
▼ + stars: | 2023-09-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

☆ CNBC Daily Open: High rates are still hobbling IPOs
▼ + stars: | 2023-09-20 | 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. Downbeat marketsU.S. markets dipped and U.S. Treasury yields rose Tuesday as investors braced themselves for the outcome of the Federal Reserve's meeting. At its open, Instacart popped 40% to hit $42, but pared gains as investors sold off to lock in their initial gains. Analysts who once predicted China would become the biggest economy globally are perplexed as to why the country's blunting its own growth.

Persons: Kospi, Hong, Instacart, Fereidun Fesharaki, Wood Mackenzie Organizations: CNBC, Treasury, Analysts, Global Locations: Asia, Pacific, China

☆ CNBC Daily Open: High rates are still haunting IPOs
▼ + stars: | 2023-09-20 | 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. Downbeat marketsU.S. markets dipped and U.S. Treasury yields rose as investors braced themselves for the outcome of the Federal Reserve's meeting. [PRO] A revival in IPO markets? But many companies are still holding off going public because of lower valuations — which is precisely what investors are looking for in today's market, CNBC Pro's Bob Pisani writes.

Persons: Europe's, Instacart, Huawei's, Justin Trudeau, Hardeep Singh Nijjar, Bob Pisani Organizations: CNBC, Treasury, Huawei, Huawei —, Canadian Locations: U.S, China, British Columbia, Ottawa, Indian, India, Canadian, today's

☆ CNBC Daily Open: An ‘immaculate disinflation’ amid uncertainty?
▼ + stars: | 2023-09-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. They're all but certain the central bank will keep interest rates the same for now, according to the CME FedWatch Tool. It's the November meeting investors are fretting over. Hence, the Fed's dot plot, which charts where the central bankers think interest rates will be in the short- and long-term, will be closely scrutinized by investors. "And I think we may very well have immaculate disinflation, where inflation comes down without an economy-wide recession."

Persons: Goldman Sachs, Jan Hatzius, it's, Hatzius, Ed Yardeni, they're, Yardeni Organizations: New York Stock Exchange, Ormat Technologies, Inc, NYSE, CNBC, Yardeni Locations: U.S

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