Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes

Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes


Here are the opening calls for the day

Happy mid-week from Singapore. Asia markets are set for a mostly higher open.

Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,325, while its counterpart in Osaka last traded at 43,280, against the index’s last close of 42,718.17.

Futures for Hong Kong’s Hang Seng index  stood at 25,144, pointing to a higher open compared with the HSI’s last close of 24,969.68.

However, Australia’s S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,852, compared with the index’s last close of 8,880.8.

— Lee Ying Shan

S&P 500 hits new intraday high

Traders work on the floor of the New York Stock Exchange on August 11, 2025.

NYSE

The S&P 500 rose 0.8% on Tuesday to hit a new intraday high.

Stock Chart IconStock chart icon

hide content

S&P 5D chart

During the session, the S&P 500 surpassed its prior high from July 31. A closing high would be the S&P’s 16th of the year.

Earlier in the morning, the Nasdaq Composite also hit a new intraday high. A record close would be the benchmark’s 19th of the year.

— Nick Wells, Lisa Kailai Han



Source

As Trump berates Goldman, other economists agree that higher tariff inflation is coming
World

As Trump berates Goldman, other economists agree that higher tariff inflation is coming

People shop for pet supplies at a pet retail store in New York City, Aug. 12, 2025. Spencer Platt | Getty Images Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren. Despite investors’ embrace of […]

Read More
CNBC’s UK Exchange newsletter: Is London’s financial future evolving or eroding?
World

CNBC’s UK Exchange newsletter: Is London’s financial future evolving or eroding?

This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch After several years in the Big Apple, I knew my return to London would be a culture shock. Instead of Times Square with its skyscrapers and blinding lights, I would roam around Piccadilly Circus and its Victorian […]

Read More
Temperature records smashed as extreme heat, wildfires grip parts of Europe
World

Temperature records smashed as extreme heat, wildfires grip parts of Europe

A firefighter falls on the ground while working to extinguish a wildfire in San Cibrao das Viñas, outside Ourense, northwestern Spain, on August 12, 2025. Miguel Riopa | Afp | Getty Images Record-breaking heat has swept across Europe in recent days, pushing temperatures well beyond 40 degrees Celsius (104 Fahrenheit) in some areas and fueling […]

Read More