Asia markets poised for slide ahead of non-public business activity reviews from Australia and Japan

Asia markets poised for slide ahead of non-public business activity reviews from Australia and Japan


Singapore has overtaken Japan to boast of the world’s most potent passport, the Henley Passport Index confirmed.

Kritsada Kata | Instant | Getty Photographs

Asia-Pacific markets are set to fall, reversing gains markets created throughout the board on Monday.

This will come as investors evaluate private enterprise activity surveys from Australia and Japan, as perfectly as inflation figures from Singapore.

In Australia, futures for the S&P/ASX 200 stage to a decrease open up, at 7,059 in contrast with the previous near of 7,121.6. Australia’s company action contracted at the quickest rate in 19 months, in accordance to Juno Lender, with the composite buying administrators index coming in at 47.1 for August.

Japan’s Nikkei 225 is also established to tumble forward of its August PMI figures, with the futures agreement in Chicago at 31,750 and its counterpart in Osaka at 31,730 in opposition to the index’s previous shut of 31,856.71.

Futures for Hong Kong’s Dangle Seng index stood at 17,655, pointing to a weaker open up in contrast to the HSI’s shut of 17,791.01.



Source

Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up
World

Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up

A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Record imports over the last several months at West Coast ports, driven by the recent East Coast and Gulf Coast strike diversions […]

Read More
Earnings next week will determine whether stocks still have further to run
World

Earnings next week will determine whether stocks still have further to run

Earnings next week will be key to where stocks head from here. There will be a significant jump in the number of companies set to report third-quarter results in the days ahead. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report […]

Read More
Power goes out on the entire island of Cuba, leaving 10 million people without electricity
World

Power goes out on the entire island of Cuba, leaving 10 million people without electricity

People wait for transportation at a bus station in Matanzas, Cuba, on October 18, 2024, during a nationwide blackout caused by a grid failure.  Antonio Levi | AFP | Getty Images Electricity went out on the entire island of Cuba on Friday, affecting its population of 10 million after one of its main power plants failed, according […]

Read More