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FILE PHOTO: A screen showing the Hang Seng stock index is seen outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsDec 1 (Reuters) - A look at the day ahead in Asian markets. They include Australia, South Korea and India, as well as China's 'unofficial' PMI. Foreigners already appear to be voting with their feet - China just recorded its first-ever quarterly deficit in foreign direct investment. Here are key developments that could provide more direction to markets on Friday:- PMIs for Australia, South Korea, India, China- Japan unemployment (October)- Indonesia inflation (October)By Jamie McGeever Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Tyrone Siu, Dow Jones, Jamie McGeever, Josie Kao Organizations: REUTERS, PMI, National Bureau, Statistics, Japan's Nikkei, U.S ., Thomson, Reuters Locations: Exchange, Hong Kong, China, Japan, South Korea, Indonesia, Australia, India, Asia
Edgar Su | ReutersAsia-Pacific markets fell across the board on Thursday ahead of key economic data from the region. South Korea's industrial output numbers surprised the market, registering a 3.5% fall compared to expectations of a 0.5% rise from economists polled by Reuters. Japan's Nikkei 225 slid 0.25% and extended its three-day losing streak, with the Topix also down by 0.14%. South Korea's Kospi also fell 0.29%, while the small-cap Kosdaq was marginally above the flatline. Futures for Hong Kong's Hang Seng index stood at 17,108, pointing to a rebound after the HSI hit a one month low on Monday and closed at 16,993.44.
Persons: Edgar Su, Kospi, HSI Organizations: of, Initiative, Reuters, Nikkei Locations: Beijing, China, Reuters Asia, Pacific, Japan, Australia
Asia stocks closing in on strongest month since January
  + stars: | 2023-11-30 | by ( Kane Wu | ) www.reuters.com   time to read: +4 min
A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. The MSCI Asia-ex-Japan stocks index (.MIAPJ0000PUS) is up 6.7% so far this month, setting it on course to mark the best month since January. South Korea's KOSPI (.KS11) has led the rally in Asia with 10.5% gains this month, followed closely by Taiwan (.TWII) and Japan's Nikkei Average index (.N225). Ten-year U.S. yields are down more than 60 basis points in November, on track for the steepest monthly drop since late 2008. U.S. financial conditions are the loosest since early September and have eased 100 basis points in a month, according to Goldman Sachs.
Persons: Issei Kato, Korea's, Christopher Waller, Waller, Redmond Wong, Goldman Sachs, J.P.Morgan, Brent, Kane Wu, Vidya Ranganathan, Sam Holmes Organizations: REUTERS, Fed, Stock, U.S, Wednesday, Saxo Markets, Organization of, Petroleum, Reuters, Thomson Locations: Tokyo, Japan, HONG KONG, U.S, Asia, Taiwan, Greater China, China, Russia, Hong Kong
CNBC Daily Open: The heat is truly on COP28
  + stars: | 2023-11-30 | by ( Clement Tan | ) www.cnbc.com   time to read: +3 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. Japan's Nikkei 225 closed 0.5% higher, clocking monthly gains of more than 8%, while South Korea's KOSPI finished the day up 0.6%, advancing more than 11% this month. [PRO] Golden crossesThree stocks are on the verge of taking off, according to a chart pattern closely watched by technical analysts. The phenomenon, known as a "golden cross," occurs when a stock's 50-day moving average share price rises above the longer-term 200-day moving average.
Persons: KOSPI, China's, Rebooting, Sam Altman, Altman Organizations: Expo, CNBC, Nikkei, Dow Jones, National Bureau of Statistics, Microsoft, Auto, United Auto Workers, Volvo, BMW, Mercedes, Benz, Hyundai, Honda, Toyota, Detroit, General Motors Locations: Dubai, United Arab Emirates, Asia, Pacific, South, Hong Kong, China, OpenAI, U.S
The New Zealand dollar was last up 1.1% at a four-month high of $0.6207, having blown past resistance. The U.S. dollar, meanwhile, slid to fresh multi-month lows on the euro, yen, sterling, the Australian dollar, yuan and Swiss franc. Overnight Fed Governor Christopher Waller - an influential and previously hawkish voice at the U.S. central bank - told the American Enterprise Institute that rate cuts could begin in a matter of months, provided inflation keeps falling. Fed funds futures rallied on the remark to price more than hundred basis points of cuts in 2024 and 40% chance they begin as soon as March. Two-year Treasury yields fell sharply and along with the dollar fell further still in Asia.
Persons: Christopher Waller, Governor Waller's, Tapas Strickland, Jerome Powell, Waller, CONDITIONALITY Waller's, Seng, Vishnu Varathan, Simon Cameron, Moore Organizations: New Zealand, Nikkei, U.S ., Swiss, U.S, American Enterprise Institute, Governor, National Australia Bank, Fed, HK, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Hong Kong, Sydney, China, Meituan, Zealand, Singapore
CNBC Daily Open: AI schadenfreude is real
  + stars: | 2023-11-29 | by ( Clement Tan | ) www.cnbc.com   time to read: +3 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. Munger's family said he died peacefully Tuesday morning at a California hospital, according to a press release from Berkshire Hathaway. Bob the builderDisney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he was looking forward to "building again" after spending 2023 mending parts of the business that "needed attention." [PRO] Defense winnersMany countries have beefed up their defense budgets as geopolitical threats mount in the Asia-Pacific region and elsewhere in the world.
Persons: China's CSI300, Korea's KOSPI, Munger, Charlie Munger, Warren Buffett's, Munger's, Berkshire Hathaway, Buffett, Bob, Bob Iger, Iger, Goldman, Apple, Goldman Sachs, CNBC's Leslie Picker, AllianceBernstein Organizations: CNBC, Hong, Nikkei, Federal Reserve, Berkshire Hathaway, Berkshire, Disney, ESPN, Apple Locations: Frankfurt, Germany, Hong Kong, Asia, Pacific, California
"But I think it's not just this week's inflation indicator, it's also the December payroll numbers ... they'll be quite critical." "Our view is that the Fed will probably start cutting rates when inflation goes below the 3% mark. The weaker-than-expected data weighed on Treasury yields, with the yield on benchmark 10-year notes slipping 9.6 basis points on Monday. The dollar index , a measure of the greenback against a basket of currencies, fell to 103.07, its lowest since Aug. 31. Data showed retail sales in Australia unexpectedly slipped in October as consumers cut back on everything but food, though analysts believe many were merely saving some money to splurge on Black Friday sales that took place this month.
Persons: DAX, Vasu Menon, they'll, Menon, Dave Ramsden, Christine Lagarde, Jerome Powell, HSI, Brent, Ankur Banerjee, Sam Holmes, Kim Coghill Organizations: Federal, Investors, OCBC Bank, of England, European Central Bank, Japan's Nikkei, Treasury, New Zealand, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Singapore, U.S, Hong Kong, Australia
Japan's Nikkei (.N225) eased 0.20% but is up 8% this month, on course for its strongest monthly performance in three years. "The outlook for central bank policy has been a big factor driving the improvement in risk appetite in November," said Rodrigo Catril, senior FX strategist at National Australia Bank. Investors will focus this week on the Fed's preferred measure of inflation on Thursday and euro zone consumer inflation figures for further clarity on the where inflation is headed. The weaker-than-expected data weighed on Treasury yields, with the yield on benchmark 10-year notes slipping 9.6 basis points on Monday. The dollar index , a measure of the greenback against a basket of currencies, fell to 103.11, its lowest since Aug. 31.
Persons: Rodrigo Catril, Catril, Christine Lagarde, Jerome Powell, HSI, Brent, Ankur Banerjee, Sam Holmes Organizations: Federal, Japan's Nikkei, National Australia Bank, European Central Bank, Treasury, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, U.S, OPEC
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. Mixed movesAsia-Pacific markets were mixed on Tuesday after U.S. stocks fell the day before as traders took a breather following a four-week winning streak for major averages. Shein IPOFast-fashion retailer Shein has confidentially filed to go public in the U.S. and is moving ahead with its long-awaited IPO, CNBC has learned. The Nasdaq last week launched new two-week options contracts that expire on Wednesdays based on a series of exchange-traded products.
Persons: Korea's KOSPI, Shein, Binance, Brian Armstrong, Armstrong, Morgan Stanley — Organizations: CNBC, Nikkei, Nasdaq, U.S . Department of Justice, U.S, Bank Locations: Asia, Pacific, Qatar, Israel, U.S, China, Iran, India
Morning Bid: China's Shein steals market spotlight
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +2 min
Whether this potential blockbuster gives a fillip to the lacklustre IPO market remains to be seen, after some high-profile public debuts this year failed to impress. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) is on course for its strongest monthly performance since January with a nearly 7% gain. Japan's Nikkei, Asia's best-performing stock market this year, is set for its strongest monthly result in three years. European stock markets are likely to see a subdued start to Tuesday, futures indicate, with a bare economic calendar leaving investors treading cautiously ahead of major economic data. Key developments that could influence markets on Tuesday:France consumer confidence for November, Euro zone money M3 annual growth for October.
Persons: Shein, Asia's, Ankur Banerjee, Edmund Klamann Organizations: Ankur Banerjee, Traders, Japan's Nikkei, Adobe Digital, Insider Intelligence, Thomson Locations: Ankur, China, Singapore, Asia, Pacific, Japan, U.S, France
Asia stocks swing lower, gold climbs as oil slips
  + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com   time to read: +4 min
One mover was gold, which climbed to $2,009.87 an ounce and briefly hit a six-month top of $2,017.82. S&P 500 futures eased 0.2% and Nasdaq futures lost 0.4%. "Indeed, this message of patience is likely to be notable in upcoming DM policy communications in response to recent financial market developments." Markets priced in 80 basis points of U.S. easing next year, and around 82 basis points for the ECB. Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.
Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Stephen Coates Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, CBA, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia, OPEC
Asia stocks turn lower, gold jumps as oil slips
  + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com   time to read: +4 min
S&P 500 futures eased 0.2%, and Nasdaq futures lost 0.4%. That in turn has been a drag on the dollar which has lost 3% on a basket of major counterparts this month . Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December. "Saudi Arabia and OPEC+ faces a challenge in convincing markets that it can help keep oil markets tight in 2024," wrote commodity analysts at CBA in a note. "OPEC+ will have to show significant supply discipline, or at least jawbone such ability, to alleviate market worries of a deep surplus in oil markets next year."
Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Stephen Coates Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, Australian, CBA, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia, OPEC
The approach of month end could also cause some caution given the hefty gains investors are sitting on. "Indeed, this message of patience is likely to be notable in upcoming DM policy communications in response to recent financial market developments." Markets priced in almost 90 basis points of U.S. easing next year, and around 83 basis points for the ECB. The oil market faces a tense few days ahead of a meeting of OPEC+ on Nov. 30, a meting that had originally been slated for Sunday but was postponed as producers struggled to find a unanimous position. Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.
Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Christopher Cushing Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia
CNBC Daily Open: Are chip wars starting to hurt now?
  + stars: | 2023-11-27 | by ( Clement Tan | ) 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. Box office cheerThanksgiving box office sales stood at about $172 million this year, an improvement over the previous three years of pandemic-pressured ticket sales. Fifty Hamas hostages are due to be released over the four days under the terms of an agreement between Israel and Hamas. In the first two days of the temporary cease-fire, 24 hostages were released from Gaza in exchange for 39 Palestinian prisoners.
Persons: Napoleon, Abigail Mor Edan Organizations: CNBC, Nikkei, Adobe Analytics, Sony Locations: Asia, Pacific, Hong Kong, U.S, Israeli, Gaza, Israel
Morning Bid: Markets turn risk-averse after bumper month
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +4 min
REUTERS/Staff Acquire Licensing RightsA look at the day ahead in European and global markets from Wayne Cole. Most regional share markets are modestly lower, as are Wall Street and European futures. Data on EU inflation is also due Thursday, along with measures for Germany and Spain. Core EU inflation is forecast at 3.9%, the lowest since the middle of last year. If realised, this will support market wagers of no more rate hikes, and policy easing in 2024.
Persons: Wayne Cole, Asia, hasn't, Brent, Jerome Powell, Christine Lagarde, Edmund Klamann Organizations: REUTERS, Staff, Treasury, China PMI, Japan's Nikkei, Federal, Core, Fed, ECB, European Central Bank, EU, Economic, Monetary Affairs, Parliament, CBI, Thomson Locations: Frankfurt, Germany, Wayne, China, Saudi Arabia, Spain
Oil futures traded steady ahead of next week's OPEC+ meeting, which could bring some kind of agreement on output cuts in 2024. Gold futures finished higher as the dollar index slipped against a basket of currencies on Friday. Germany's 10-year government bond yield , the benchmark for the euro area, rose 3 basis points to a 1-1/2-week high. Oil prices were steady after tumbling more than 1% on concerns over a delayed OPEC+ meeting. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Chris Prentice in New York, Naomi Rovnick in London and Stella Qiu in Sydney.
Persons: Caitlin Ochs, Germany's DAX, Peter Doherty, Arbuthnot Latham, Robert Holzmann, Pierre Wunsch, Chris Prentice, Naomi Rovnick, Stella Qiu, Toby Chopra, Susan Fenton, Mark Potter, Deepa Babington Organizations: New York Stock Exchange, REUTERS, U.S, Dow Jones, Nasdaq, Hamas, P Global, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: New York City, U.S, OPEC, Germany, Israel, London, Belgian, Asia, New York, Sydney
Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsLONDON/SYDNEY, Nov 24 (Reuters) - Global shares drifted on Friday in the absence of guidance from Wall Street, which was closed for the Thanksgiving holiday the previous day, but they were still on course for their best month since November 2020. An indecisive Asia session extended to Europe, with the Stoxx 600 share index (.STOXX) trading flat. Despite optimism having surged across global markets this month, there may also be a lull ahead as investors position their portfolios for 2024, some analysts said. Minutes from the latest Fed policy meeting signalled there would not be more hikes unless progress against taming inflation faltered.
Persons: Kim Kyung, Peter Doherty, Arbuthnot Latham, Shane Oliver, Naomi Rovnick, Stella Qiu, Sam Holmes, Robert Birsel, Toby Chopra, Susan Fenton Organizations: Tokyo Stock Exchange, REUTERS, Global, Wall, Nasdaq, Hamas, AMP, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Europe, Israel, U.S, London, OPEC
CNBC Daily Open: Singing the OPEC blues away
  + stars: | 2023-11-24 | by ( Clement Tan | ) 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. Tighter regulationsSingapore will introduce tighter rules for cryptocurrency service providers. [PRO] Goldman touts its global growth basketEuropean growth stocks haven't been doing as well as their U.S. peers this year. Growth stocks in the region have underperformed value stocks by 13% since the start of the rate-hiking cycle in 2022, according to Goldman Sachs in a Nov. 20 report.
Persons: Crypto, Justin Sun, HTX, Goldman, Goldman Sachs Organizations: CNBC, Japan's Nikkei, CSI, Monetary Authority of, United Nations, Food Locations: Asia, China, U.S, Singapore, cryptocurrencies, Monetary Authority of Singapore, Gaza, Israel
REUTERS/Andrew Kelly Acquire Licensing RightsSummary poll dataBENGALURU, Nov 22 (Reuters) - Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. However, only a handful of the 15 top stock indexes were predicted to trade at record peaks by end-2024, based on a wider Nov. 9-22 poll of more than 120 stock market experts. LOWER BOND YIELDSFor now, markets are pricing in a series of 2024 rate cuts, which is sending bond yields lower and stock prices higher. "Falling bond yields are being interpreted by equity markets as a positive in the near-term," said Marko Kolanovic, chief global markets strategist at J.P. Morgan. Canada's main stock index was expected to rise less than previously thought over the coming year as a slowdown in the global economy weighs on the outlook for corporate earnings.
Persons: Andrew Kelly, Ajay Rajadhyaksha, Marko Kolanovic, Morgan, Hari Kishan, Indradip Ghosh, Ross Finley, Alex Richardson Organizations: New York Stock Exchange, REUTERS, Reuters, Traders, U.S . Federal, Barclays, Nikkei, Thomson Locations: New York City, U.S, BENGALURU, Monday's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto
CNBC Daily Open: Back to square one?
  + stars: | 2023-11-23 | 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 November 15, 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. There's also a board reshuffle, with Bret Taylor, former co-CEO of Salesforce and Larry Summers, former U.S. Treasury secretary, joining. Separately, OpenAI researchers reportedly warned the board of an AI breakthrough ahead of Altman's ouster.
Persons: Treasurys, Australia's, Sam Altman, There's, Bret Taylor, Larry Summers, Nansen, hasn't, Changpeng Zhao, Morgan Stanley Organizations: New York Stock Exchange, CNBC, Nikkei, U.S, Treasury, Counterpoint Research Locations: New York City, U.S, Asia, Pacific, Middle East, Africa, China, India
[1/3] A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. While Wall Street's rally was modest but broad-based, energy stocks (.SPNY) were the clear outlier, falling in tandem with crude prices . But crude prices settled well above the day's lows. U.S. crude dipped 0.86% to settle at $77.10 per barrel, while Brent settled at $81.96, down 0.59% on the day. Gold prices dipped below the key $2,000 per ounce level in opposition to the dollar's strength.
Persons: Brendan McDermid, Ryan Detrick, Detrick, Sterling, Wall, Brent, Stephen Culp, Amanda Cooper, Deepa Babington Organizations: Wall, REUTERS, U.S, Nasdaq, Nvidia, Carson Group, Federal Reserve, Fed, Dow Jones, Japan's Nikkei, Treasury, OPEC, Thomson Locations: New York, U.S, China, Omaha, Asia, Pacific, Japan, OPEC, London
US stocks edge higher ahead of holiday, crude tumbles
  + stars: | 2023-11-22 | by ( Stephen Culp | ) www.reuters.com   time to read: +4 min
[1/3] A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. All three major U.S. stock indexes were green ahead of the U.S. Thanksgiving holiday, with interest rate sensitive momentum stocks putting the tech-laden Nasdaq in the lead. "People feel good going into the Thanksgiving holiday," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The pan-European STOXX 600 index (.STOXX) rose 0.36% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.11%. Emerging market stocks lost 0.57%.
Persons: Brendan McDermid, Peter Tuz, Tuz, Sterling, Brent, Stephen Culp, Amanda Cooper, Deepa Babington Organizations: Wall, REUTERS, U.S, Nvidia, Federal Reserve, Chase Investment, Dow Jones, Nasdaq, Japan's Nikkei, Treasury, Fed, Federal, Thomson Locations: New York, U.S, China, Charlottesville , Virginia, OPEC, Asia, Pacific, Japan, London
The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets are set to fall after minutes from the U.S. Federal Reserve's Oct. 31 meeting revealed that policy officials maintained that monetary policy had to be restrictive and had little appetite for rate cuts. "In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the Committee's 2 percent objective over time," the minutes said. The federal funds rate currently stands at 5.25%-5.5%. Futures for Hong Kong's Hang Seng index stood at 17,702 following a volatile trading session on Tuesday, pointing to a weaker open compared with the HSI's close of 17,733.89.
Organizations: Sydney Opera House, Getty, U.S, U.S . Federal, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, U.S ., Chicago, Osaka
Asia stocks slip as dovish Fed cheer fades
  + stars: | 2023-11-22 | by ( Tom Westbrook | ) www.reuters.com   time to read: +4 min
But it fell 0.2% in early trade on Wednesday. Nasdaq futures (.IXIC) were down 0.2% and S&P 500 futures fell 0.1% early in the Asia day. They have fallen about 50 basis points since the Fed held rates steady early in the month. It was broadly steady at $1.0921 to the euro and 148.17 yen in early trade on Wednesday. In commodity markets Brent crude futures held just above their 50-day moving average at $82.64 a barrel.
Persons: Tyrone Siu, Naka, Rabobank's, Philip Marey, Jonathan Petersen, Michele Bullock, Changpeng Zhao, Sam Holmes Organizations: REUTERS, Rights, Japan's Nikkei, Nvidia, Nasdaq, Thursday's, Federal Reserve, Fed, Capital Economics, Bank of Japan, Reuters, Wednesday Reserve Bank of Australia, Thomson Locations: Exchange, Hong Kong, China, Rights SINGAPORE, Asia, Pacific, Japan, United States, U.S, Singapore
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. Nvidia's revenue tripledNvidia's fiscal third-quarter revenue grew 206% year on year to $18.12 billion, handily beating expectations, and net income rocketed from $680 million to $9.24 billion. Moreover, Nvidia expects revenue for the current quarter to increase to $20 billion, an implied 231% growth. Richard Teng, the company's former global head of regional markets, will be Binance's new CEO, said Zhao in a post on X, formerly Twitter.
Persons: Colette Kress, CZ, Changpeng Zhao, Richard Teng, Zhao Organizations: CNBC, Nvidia, Federal, Japan's Nikkei, China's, U.S . Department of Justice, Hamas, U.S, Bank of America Locations: China, Asia, Pacific, China's Shanghai, U.S, Israel, Europe
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