Economic events
Asia markets poised to open mixed as investors await China LPR, Japan inflation data this week
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific stocks were set to open mixed Monday as markets kickstart what ING calls a “quiet” week for economic data from the region. Key data this week from the region will include China’s loan […]
Read More
Postelection stock market thrust unable to be sustained as rate and valuation worries creep back in
First the reflex, then the rethink. The fast-twitch rush for risk that jolted markets following the decisive election result and excitement over potential growth-stoking policies gave way last week to a modest retrenchment and reassessment as some tradeoffs and unknowns encroach. The list of assets that went vertical on a geyser of speculative juices in […]
Read More
Wall Street looks for Nvidia to take the baton from election trades to keep rally alive in the week ahead
What exactly President-elect Donald Trump’s second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The postelection rally took a pause this week, with all three major averages […]
Read More
UK economy ekes out 0.1% growth in the third quarter, below expectations
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known […]
Read More
Asia markets mixed as investors assess China economic data and Japan GDP after Wall Street falls
A view of the night scenery in Shanghai, China S3studio | Getty Images Entertainment | Getty Images Asia markets were mixed Friday as Wall Street fell after U.S. Federal Reserve Chair Jerome Powell indicated the central bank was in no rush to cut rates, with investors also assessing China and Japan economic data. Speaking in […]
Read More
CNBC Daily Open: Powell’s comments gave investors a reality check
Jerome Powell, chairman of the US Federal Reserve, at Music Hall at Fair Park in Dallas, Texas, US, on Thursday, Nov. 14, 2024. Shelby Tauber| Bloomberg | Getty Images 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, […]
Read More
Asset manager says China’s ‘extreme valuations’ look ideal for stock picking
Upping your exposure to Chinese stocks is worth the risk. That’s the view of Caroline Cai, CEO of U.S.-based Pzena Investment Management. “This is really for the first time in the last seven, eight years where we think you’re getting paid to expose yourself to China,” Cai told “CNBC Squawk Box Asia” this week. The […]
Read More
Asia-Pacific markets mixed after U.S. inflation report fuels Fed rate cut expectations
A Sydney ferry passes the Opera House and skyline of the central business district area on May 12, 2020 in Sydney, Australia. James D. Morgan | Getty Images Asia-Pacific markets traded mixed on Thursday after the U.S. October consumer price index reading fueled expectations for the Fed to cuts rates again in December. The CPI […]
Read More
Dow rises 100 points as as traders assess state of postelection rally, new inflation data: Live updates
Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City. Source: NYSE The Dow Jones Industrial Average inched higher Wednesday as investors look to keep a postelection rally going after a key inflation report was in line with expectations. The 30-stock Dow added 180 points, or 0.03%. The […]
Read More
Asia-Pacific markets to open lower after Wall Street postelection rally fizzles
The momentum in Japan markets were largely driven by the country’s technology and financial sector. Doctoregg | Moment | Getty Images Asia-Pacific stock markets were set to open lower Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight. Asian traders will assess Japanese corporate goods data, set for release later in […]
Read More