Month: September 2024
Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win
Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Japan’s Nikkei 225 tumbled over 4% on Monday, following a mixed set of economic data out of Japan and as traders reacted to the election of incoming Prime Minister Shigeru Ishiba. Japan’s August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% […]
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China property stocks rally after major cities ease homebuying restrictions
A man walks past a housing complex by Chinese property developer Evergrande in Guangzhou, China’s southern Guangdong province on September 17, 2021. Noel Celis | Afp | Getty Images Shares of Chinese property developers rallied on Monday after major cities in mainland China unveiled easing measures to boost homebuyer sentiment, following the central bank’s blitz […]
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China’s factory activity contracts less than expected in September
A worker assembling a loader transmission mechanism at a manufacturer in Qingzhou, China. Nurphoto | Nurphoto | Getty Images China’s factory activity contracted for a fifth consecutive month in September as the world’s second-largest economy struggles to revive its growth momentum. The official manufacturing purchasing managers’ index came in at 49.8 in September, compared with […]
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‘Full force’: Malaysia PM says crusade against corruption is not over as country courts investment
Malaysia’s prime minister Anwar Ibrahim during a news conference in New Delhi, India, on Tuesday, Aug. 20, 2024. Bloomberg | Bloomberg | Getty Images Eradicating corruption in Malaysia continues to be a difficult hurdle Prime Minister Anwar Ibrahim needs to overcome if he wants to attract more foreign direct investments into the country. As Anwar […]
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CNBC Daily Open: Stocks are dancing in September
Traders work on the trading floor at the New York Stock Exchange. Andrew Kelly | Reuters 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. Like what you see? You can subscribe here. What […]
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Goldman says outbound travel bookings for China’s Golden Week are ‘rosy and robust’
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Expectations for China’s National Day Golden Week travel are not that high for domestic travel, but the outlook for international bookings is “rosy and robust,” Simon Cheung, Head of Asia Travel & Leisure Research at Goldman Sachs, told CNBC’s Squawk Box Asia. […]
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Major CVS shareholder plans activist push, will meet with management, sources say
CVS Pharmacy logo is seen at store in Florida Keys, United States on May 7, 2024. Jakub Porzycki | Nurphoto | Getty Images Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, […]
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Japan’s Nikkei set to plunge 6% with Asia markets on course for mixed open ahead of China data
A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024. Richard A. Brooks | Afp | Getty Images Japan’s Nikkei was set to over plunge 6% Monday while broader Asia markets were on course for a mixed open ahead of key economic […]
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Forget Nvidia: Here’s how one CIO is positioning after the rate cut
The U.S. Federal Reserve’s bumper 50-basis-point interest rate cut has been the talk of the market as investors evaluate sectors and stocks. Kingsley Jones, a chief investment officer at the Sydney-headquartered Jevons Global, says the rate cut has “supported the market.” “At this point, there was some concern if the Fed went with a jumbo […]
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Stock futures are little changed to kick off final session of a strong month and quarter: Live updates
Traders work on the floor of the NYSE. NYSE U.S. stock futures were flat to kick off the final trading session of September after the major averages rose to their third consecutive week of gains. Futures tied to the Dow Jones Industrial Average traded near the flatline. S&P 500 futures added just 0.04% and Nasdaq […]
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