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☆ Asia markets climb as U.S. Treasury yields pressure Wall Street; data from Australia and Japan on deck
▼ + stars: | 2024-04-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

An aerial view of the central business district and Sydney Opera House on February 17, 2023. On Tuesday, investors in Asia will observe business confidence surveys from Australia and consumer confidence data from Japan. Asia-Pacific markets climbed even as U.S. Treasury yields put pressure on Wall Street equities Monday. Futures for Hong Kong's Hang Seng index stood at 16,831, pointing to a weaker open compared to the HSI's close of 16,732.85. Treasury yields rose, with the rate on the benchmark 10-year Treasury note up about 4 basis points to 4.42%.

Persons: CNBC's Hakyung Kim, Yun Li Organizations: Sydney Opera House, Treasury, Wall, Nikkei, Dow Jones, Nasdaq Locations: Asia, Australia, Japan, Pacific, U.S, . Federal

☆ Asia markets largely set to fall on fears the Fed could hold off interest rate cuts; oil soars
▼ + stars: | 2024-04-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were largely set to fall on Friday, mirroring moves on Wall Street after comments from U.S. Federal Reserve officials fueled worries that the central bank could hold off on rate cuts. Minneapolis Fed President Neel Kashkari cast doubts on Thursday over the central bank cutting rates at all if inflation remained sticky. Oil prices continued to rise, with WTI crude surpassing $86 a barrel to test six-month highs. Brent crude prices also set a new six-month high of $90.65. S&P will also release its business activity numbers for Hong Kong, while the Reserve Bank of India will announce its rate decision later in the day.

Persons: Neel Kashkari Organizations: U.S . Federal Reserve, Minneapolis, Brent, Reuters, Reserve Bank of India Locations: Tokyo, Japan, Asia, Pacific, U.S, Hong Kong

☆ Japan leads gains in Asia as investors assess Powell's comments; Hong Kong, China and Taiwan markets closed
▼ + stars: | 2024-04-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

People visit the Kartavya Path in the early evening in New Delhi, India, on Tuesday, April 18, 2023. India has overtaken China as the world's most populous nation, according to UN data released on April 19. Photographer: Prashanth Vishwanathan/Bloomberg via Getty ImagesAsia-Pacific markets rebounded following a sell-off in the previous session, as investors digest comments from U.S. Federal Reserve Chairman Jerome Powell. In Asia, investors will assess March service sector activity data from India, as well as retail sales numbers from Hong Kong. Markets in Hong Kong, mainland China and Taiwan are closed for a public holiday.

Persons: Prashanth Vishwanathan, Jerome Powell, Powell Organizations: Bloomberg, Getty Images, U.S . Federal, Hong Kong . Markets Locations: New Delhi, India, China, Getty Images Asia, Pacific, U.S, Asia, Hong Kong, Taiwan

☆ Asia markets mixed with focus on South Korea inflation print, factory data from Australia and India
▼ + stars: | 2024-04-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A customer pays for his purchase at a dried food stall in Seoul, South Korea, on Thursday, March 3, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were mixed Tuesday, as investors assessed economic data from South Korea and Australia. South Korea's March inflation rate held steady at 3.1%, in line with expectations from economists polled by Reuters. Factory activity data from India is also due later in the day, with economists polled by Reuters expecting a stronger PMI reading of 59.4. South Korea's Kospi was down 0.34% and the Kosdaq slid 1.11% after the inflation reading.

Persons: SeongJoon Cho, Kospi Organizations: Bloomberg, Getty Images Bloomberg, Getty, Reuters, Nikkei Locations: Seoul, South Korea, Asia, Pacific, Australia, India

☆ Asia markets climb as China factory activity assessed; Japan business optimism falls slightly
▼ + stars: | 2024-04-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets climbed Monday as investors assessed China's business activity for February and await economic data out of Japan. China's National Bureau of Statistics data showed that manufacturing activity expanded in March, with the purchasing managers index registering a reading of 50.8, compared to Feburary's reading of 49.1. Separately, Japan's first-quarter Tankan survey showed that business optimism among large manufacturers fell, with the gauge at +11 compared with +12 in the last survey. However, optimism among non-manufacturers rose, with the Tankan gauge at +34 compared with +30 in the fourth quarter and beating Reuters expectations of +33. The survey gauges business sentiment, which the Bank of Japan monitors when formulating monetary policy.

Persons: Japan's Organizations: China's National Bureau, Reuters, Bank of Japan Locations: Asia, Pacific, Japan

☆ Japan stocks set to rebound, while most Asia-Pacific markets are closed
▼ + stars: | 2024-03-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Japan's stock markets were set to bounce Friday, while most markets in the Asia-Pacific region stay shut for a public holiday. Japan's Nikkei 225 is set to rebound, with the futures contract in Chicago at 40,440 and its counterpart in Osaka at 40,390 against the index's last close of 40,168.07. The Japanese yen will be closely watched during the session amid speculation of a possible intervention after the currency recently hit 34-year lows against the U.S. dollar at 151.97. It last traded near 151.42 against the greenback.

Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Nikkei, U.S, greenback Locations: Tokyo, Japan, Asia, Pacific, Chicago, Osaka

☆ Australia stocks hit record high, most other Asia-Pacific markets set to decline
▼ + stars: | 2024-03-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

CNBC asked Intrepid Travel and ChatGPT to put together a two-day itinerary to Melbourne City, AustraliaAustralia stocks hit a record high Thursday, while most other Asia-Pacific markets looked set to fall even though Wall Street rallied and the S&P 500 closed at another record high. In Australia, the S&P/ASX 200 rose 0.77% to hit an intraday record high of 7,883.90 just moments after opening. The index was higher for a second straight day. All eyes are now on Australia's retail sales data for the month of February, which a Reuters poll expects will rise 0.4%. Investors will also be watching for moves in the Japanese yen after it fell to 151.97 — its weakest level in 34 years against the U.S. dollar on Wednesday.

Organizations: CNBC, Intrepid Travel, U.S Locations: Melbourne City, Australia Australia, Asia, Pacific, Australia

☆ Asia markets poised to fall ahead of China industrial profits data, Australia inflation reading
▼ + stars: | 2024-03-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to largely fall on Wednesday, taking cues from Wall Street as the market rally in the U.S. continued to cool. Investors in Asia will assess February inflation numbers from Australia, the first inflation reading after the country's central bank said that "it was not yet possible to rule in or out further increases in interest rates." "Inflation had moderated but was still high," the bank said. China will also release industrial profit data on Wednesday.

Locations: Asia, Pacific, U.S, Australia, China

☆ European markets lose momentum, head toward flat open
▼ + stars: | 2024-03-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a flat open Wednesday as market momentum wanes. Regional markets closed higher Tuesday but are set to start today's session around the flatline. Investors will be keeping an eye out for Spanish inflation data and French consumer confidence figures for March on Wednesday, as well as a trading update from clothes retailer H&M . Elsewhere overnight, U.S. stock futures were up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Meanwhile, Asia-Pacific markets were mixed Wednesday as investors assessed economic data from China and Australia.

Locations: Asia, Pacific, China, Australia

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Friday, Feb. 16, 2024. Kosuke Okahara/Bloomberg via Getty ImagesAsia-Pacific markets were set to fall Tuesday as the U.S. market took a breather following a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting. "We're coming off of a post-FOMC high," he told CNBC, referring to the U.S. Federal Reserve's Federal Open Market Committee meeting last week. "The market is getting more and more vulnerable to a market decline or a pullback in prices." Investors in Asia also await economic data out of Southeast Asia, including Singapore's manufacturing output and Thailand's trade balance.

Persons: Kosuke Okahara, Sam Stovall Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Bloomberg, Getty Images, Federal, CFRA Research, CNBC, U.S, U.S . Federal Locations: Tokyo, Japan, Getty Images Asia, Pacific, U.S, U.S ., Asia, Southeast Asia

☆ European stocks head for mixed open as Wall Street rally takes a breather
▼ + stars: | 2024-03-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lackluster open Tuesday as investors continue to ponder last week's central bank policy decisions in Europe and the U.S. Regional markets had a tentative start to the new trading week Monday and the lack of momentum looks set to continue Tuesday. Today, investors in Europe, the Middle East and Africa will be keeping an eye out as Nigeria's central bank publishes its latest monetary policy decision, and as earnings come from Smiths Group, Ocado Retail, Bellway and A.G. Barr. Asia-Pacific markets were mixed Tuesday as the U.S. market took a breather after a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting. U.S. stock futures traded near the flatline Monday night, after the major averages took a breather from their rally.

Organizations: U.S . Regional, Smiths Group, Ocado, Federal Locations: Europe, East, Africa, Barr, Asia, Pacific, U.S

☆ Asia markets poised for mixed open as investors await inflation data from the region this week
▼ + stars: | 2024-03-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Roslan Rahman | AFP | Getty ImagesAsia-Pacific markets were set to open mixed as investors await a slew of inflation reports from the region. Singapore and Malaysia will release their February inflation reports on Monday, while Australia's inflation numbers will be out on Wednesday. Tokyo's inflation numbers are due Friday. The capital's inflation numbers are widely seen as a leading indicator of nationwide trends. Futures for Hong Kong's Hang Seng index stood at 16,515, pointing to a slightly stronger open compared with the HSI's last close of 16,499.47.

Persons: Roslan Rahman Organizations: AFP, Getty, Nikkei Locations: Sands, Singapore, Asia, Pacific, Malaysia, Australia, Chicago, Osaka

☆ European markets set to open lower as investors look ahead to Fed meeting
▼ + stars: | 2024-03-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a negative open Tuesday as global investors look ahead to the start of the U.S. Federal Reserve's two-day policy meeting. Recent inflation reports could prompt the central bank to signal that interest rates will remain higher for longer than expected. Fed funds futures currently forecast a 99% likelihood that the Fed will leave benchmark interest rates unchanged this week, according to the CME FedWatch Tool. Meanwhile, it's been a dramatic night for Asia-Pacific markets after investors assessed the latest central bank monetary policy decisions from the Bank of Japan and the Reserve Bank of Australia. The BOJ officially ended its negative interest rate policy at its March meeting, hiking interest rates for the first time in 17 years and raising its benchmark interest rate from -0.1% to a range of 0% to 0.1%.

Persons: it's Organizations: U.S, U.S . Federal, Bank of Japan, Reserve Bank of Australia Locations: U.S ., Asia, Pacific

☆ Asia markets poised to fall ahead of central bank decisions from Japan and Australia
▼ + stars: | 2024-03-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Kazuo Ueda, governor of the Bank of Japan (BOJ). Asia-Pacific markets were set to fall ahead of central bank monetary policy decisions from the Bank of Japan and the Reserve Bank of Australia. All eyes will be on the BOJ amid expectations that the central bank could end its negative interest rate policy after 17 years. Economists polled by Reuters expect the central bank to raise its rates to 0% from the current -0.1%. Separately, the RBA is forecast to hold its benchmark interest rate at 4.35% for its third meeting in a row.

Persons: Kazuo Ueda Organizations: Bank of Japan, Reserve Bank of Australia, Reuters Locations: Asia, Pacific

☆ European stocks set to open slightly higher as markets look ahead to Fed meeting
▼ + stars: | 2024-03-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lackluster start to the new trading week, with global investors looking ahead to the next monetary policy meeting of the U.S. Federal Reserve. The Fed will start its Federal Open Market Committee meeting on Tuesday with a police decision due the next day. A Reuters poll of economists is expecting the Fed to hold its benchmark interest rates steady at 5.25% to 5.5%. Overnight, Japan's Nikkei 225 index led gains in Asia-Pacific markets on Monday, while China shares extended gains after data showed its economy kicked off the year on a strong note. U.S. stock futures climbed on Monday morning.

Organizations: U.S . Federal Reserve, Open, Nikkei Locations: Asia, Pacific, China

The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Asia-Pacific markets were set for a mixed open Monday as investors brace for a week of central bank meetings. The U.S. Federal Reserve will start its Federal Open Market Committee meeting on Tuesday. A Reuters poll of economists is expecting the Fed to hold its benchmark interest rates steady at 5.25% to 5.5%. In Asia, the Reserve Bank of Australia is expected to keep its cash rate steady at 4.35% when it concludes its meeting on Tuesday.

Organizations: Bank of Japan, U.S . Federal Reserve, Open, Reserve Bank of Australia, Bank of England Locations: Tokyo, Asia, Pacific, Europe

☆ European markets set to open lower after hotter-than-expected U.S. inflation data
▼ + stars: | 2024-03-15 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

European markets were poised to open slightly lower on Friday as investors digested U.S. inflation data that dented confidence in the outlook for Federal Reserve interest rate cuts this year. U.S. inflation data is being closely monitored on Wall Street ahead of the Federal Reserve's two-day policy meeting starting next Tuesday. The central bank is widely expected to hold its benchmark interest rate next week, although market participants will be searching for clues about when and by how much the Fed could start cutting interest rates over the coming months. Asia-Pacific markets fell on Friday, led lower by Hong Kong's Hang Seng index. U.S. stock futures edged lower in overnight trading as investors sought to look beyond the latest inflation reading.

Persons: Philip Lane, Kong's Organizations: Federal Reserve, Federal, European Central Bank, CNBC, ECB Locations: U.S, Asia, Pacific

☆ Asia markets set to fall after hot U.S. inflation report; first estimates from Japan's wage negotiations expected
▼ + stars: | 2024-03-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty ImagesAsia-Pacific markets were set to fall after producer prices in the U.S. grew faster than expected in February, coming in at 0.6% last month. Excluding food and energy prices, core PPI climbed 0.3% in February. Economists polled by Dow Jones had expected a 0.3% gain for headline PPI and a 0.2% increase for the core reading. Investors in Asia will be watching out for any news from Japan's spring wage negotiations, with first estimates expected to come out later in the day.

Persons: Jiang Qiming, Dow Jones Organizations: People's Bank of China, China News Service, Getty Images China, Service, Getty, PPI, Nikkei, People's Bank of Locations: Beijing, China, Asia, Pacific, U.S, Chicago, Osaka, People's Bank of China, Australia

☆ European markets set for lower open ahead of another key U.S. inflation reading
▼ + stars: | 2024-03-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets were headed for a lower open Thursday with investors keeping an eye out for another key U.S. inflation reading for February. The producer price index, which measures wholesale inflation, is set for release before the U.S. trading session kicks off. Economists polled by Dow Jones anticipate headline PPI to have climbed by 0.3% in February, or 0.2% after excluding food and energy prices. The PPI report is the last major piece of economic data to be released prior to the U.S. Federal Reserve's next policy meeting on March 19-20. U.S. stock futures inched higher on Wednesday night while Asia-Pacific markets were largely range-bound on Thursday, with investors focused on Japan's spring wage negotiations and India's wholesale inflation data.

Persons: Dow Jones, Lisa Kailai Han Organizations: PPI, U.S, U.S . Federal Locations: U.S ., Asia, Pacific

☆ Asia markets set for mixed open as Wall Street rally falters; India wholesale inflation on deck
▼ + stars: | 2024-03-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty ImagesAsia-Pacific markets are set for a mixed open after Wall Street's tech-fueled rally dissipated, with Nvidia falling 1.1%, Meta slipping 0.8% and Apple dropping 1.2%. On Thursday, investors will assess India's wholesale inflation, while also monitoring any news coming out of Japan's spring wage negotiations. Japan's wage negotiations wrapped up on Wednesday, with the first overall estimate due out on Friday. Japan's Nikkei 225 is set to fall following these reports as markets price in the possibility of the BOJ tightening policy.

Persons: Pratik Organizations: Hindustan Times, Getty, Nvidia, Apple, Bank of Japan, Japan's Nikkei Locations: Mumbai, India, Asia, Pacific, Chicago, Osaka, Australia

☆ European markets head for mixed open as investors digest U.S. inflation report
▼ + stars: | 2024-03-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a mixed open Wednesday as investors digested the latest U.S. inflation report. Regional markets extended gains on Tuesday after U.S. inflation figures for February showed a rise of 0.4% for the month and an increase of 3.2% from a year ago. U.S. stock futures were calm on Tuesday evening after the gains on Wall Street. Asia-Pacific markets were mixed overnight. Earnings are due from Inditex, Adidas and VW in Europe on Thursday, and data releases include euro zone industrial production figures for January.

Persons: Dow Jones Organizations: Nasdaq, Adidas, VW Locations: Asia, Pacific, Europe

☆ Asia markets set for positive open after U.S. stocks jump on inflation data
▼ + stars: | 2024-03-13 | 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. Asia-Pacific markets were mostly set to rise after Wall Street jumped overnight, following U.S. inflation data that largely met expectations. February U.S. consumer price index climbed 0.4% on the month and 3.2% year over year, the Bureau of Labor Statistics said on Tuesday. Economists polled by Dow Jones had forecast a 0.4% increase month on month and 3.1% year over year. Core inflation, which strips out food and energy from the headline reading, climbed 0.4% in February, compared to a forecast gain of 0.3%.

Persons: Dow Jones Organizations: Wall, of Labor Statistics Locations: Seoul, South Korea, Asia, Pacific

☆ Asia markets set for mixed open ahead of Japan's corporate inflation; Nikkei poised to slide further
▼ + stars: | 2024-03-12 | 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 are set for a mixed open ahead of Japan's corporate inflation figures for February, as well as trade data from the Philippines. Japan's corporate inflation rate for January is expected to come in at 0.5%, according to a Reuters poll. Investors will also be keeping an eye on inflation figures out of India as well as the U.S. later Tuesday, which could give a clue as to when the Federal Reserve will cut interest rates.

Organizations: Federal Reserve Locations: Tokyo, Asia, Pacific, Philippines, India

☆ Asia markets poised to fall after Wall Street rally pauses; China exits deflation territory as prices rise
▼ + stars: | 2024-03-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were set to fall Monday after Wall Street's rally took a breather, with artificial intelligence darling Nvidia finishing down more than 5% in its worst session since late May. Separately, China recorded its first month of inflation in four months with the country's consumer price index climbing 0.7% year on year in February. In Australia, the S&P/ASX 200 started the week down 1.21%, retreating from its all-time high and snapping a three-day winning streak. Japan's Nikkei 225 is also set to fall, with the index likely slipping below the 39,000 mark for the first time since Feb. 21.

Persons: Wall Organizations: Bloomberg, Getty, CPI, Reuters, Nikkei Locations: Shanghai, China, Asia, Pacific, Australia, Chicago, Osaka

☆ European markets set to start the week on a negative note
▼ + stars: | 2024-03-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a negative open to start the new trading week, following declines in the Asia-Pacific region overnight. Japan stocks led losses in Asia-Pacific markets after the country averted a technical recession, paving the way for its central bank to raise rates, while investors also assessed China's inflation numbers. U.S. stock futures fell slightly Sunday night after the Dow Jones Industrial Average closed out its worst week since October. Investors are also looking ahead to inflation data due out later this week.

Organizations: Dow Jones Locations: Asia, Pacific, Japan

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