Asia-Pacific markets set to trade mixed as investors monitor recession fears

Asia-Pacific markets set to trade mixed as investors monitor recession fears


A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020.

Toru Hanai | Bloomberg via Getty Images

SINGAPORE — Shares in the Asia-Pacific are poised to trade mixed on Monday as investors assess inflation and recession fears.

The Nikkei futures contract in Chicago and its counterpart in Osaka were both at 26,830. That compared against the Nikkei 225’s last close at 26,491.97.

In Australia, SPI futures were at 6,573, slightly lower than the S&P/ASX 200’s last close at 6,578.7.

Russia defaulted on foreign-currency sovereign debt for the first time in more than 100 years, Bloomberg reported. The country’s central bank foreign reserves remain frozen.

In company news, Trip.com is set to report its first-quarter financial results on Monday in the U.S. after the market close.

Later this week, China and Japan will be reporting Purchasing Managers’ Index data, while Hong Kong will commemorate the 25th anniversary of its handover. China’s President Xi Jinping is expected to visit Hong Kong for the occasion, state media Xinhua reported over the weekend.

Stock picks and investing trends from CNBC Pro:

Currencies



Source

An AI stock showing a classic uptrend that investors should ride for as long as possible
World

An AI stock showing a classic uptrend that investors should ride for as long as possible

As cloud plays like Arista Networks, Inc. (ANET) have continued to impress, there have been numerous calls for an end to the relentless uptrend. But using a classic trend-following toolkit, we see this chart as “innocent until proven guilty.” Today we’ll break down why this chart remains in a bullish configuration, review some of the […]

Read More
Ex-Google CEO Eric Schmidt warns AI models can be hacked: ‘They learn how to kill someone’
World

Ex-Google CEO Eric Schmidt warns AI models can be hacked: ‘They learn how to kill someone’

Google’s former CEO Eric Schmidt spoke at the Sifted Summit on Wednesday 8, October. Bloomberg | Bloomberg | Getty Images Google‘s former CEO Eric Schmidt has issued a stark reminder about the dangers of AI and how susceptible it is to being hacked. Schmidt, who served as Google’s chief executive from 2001 to 2011, warned […]

Read More
Rare earths stocks surge after China tightens grip on global supplies
World

Rare earths stocks surge after China tightens grip on global supplies

A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters Shares of U.S. rare earth and critical mineral miners surged Thursday after China tightened restrictions on exports, fuelling market speculation that the Trump administration will move more […]

Read More