Stock Market Today: All You Need To Know Going Into Trade On April 16

Published: 16 April 2024 at 03:16

Finance & Economics

Benchmarks across Asia-Pacific region were trading lower for second session in a row Tuesday, tracking overnight losses on Wall Street. Traders are awaiting a slew of economic data from China, including GDP, retail sales. The Nikkei 225 was trading 736.53 points or 1.91% lower at 38,470.

DEEP DIVE

Asian Shares Mostly Lower Following Wall Street's Rally

Asian shares were predominantly lower on Monday following a decline in Wall Street's significant rally from the previous week. The Nikkei 225 index in Japan was depicted on electronic stock boards in Tokyo amidst the 13th anniversary of the devastating earthquake, tsunami, and nuclear disaster that hit Japan's northeastern coast in 2011.

Nikkei 225 (Wikipedia)

The Nikkei 225, or the Nikkei Stock Average (日経平均株価, Nikkei heikin kabuka), more commonly called the Nikkei or the Nikkei index (), is a stock market index for the Tokyo Stock Exchange (TSE). It has been calculated daily by the Nihon Keizai Shimbun (The Nikkei) newspaper since 1950. It is a price-weighted index, operating in the Japanese Yen (JP¥), and its components are reviewed once a year. The Nikkei measures the performance of 225 large, publicly owned companies in Japan from a wide array of industry sectors.Another major index for the Tokyo Stock Exchange is the Tokyo Stock Price Index (TOPIX).

Asian Markets Rise in Quiet Trading on March 29, 2024

Asian shares were mostly higher on March 29, 2024, amidst quiet holiday trading, with markets closed in Hong Kong, Sydney, Singapore, and India. Traders in Seoul, South Korea, observed the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between the US dollar and the South Korean won.

Stock Market Updates in Japan and the United States

Stock prices in Japan are being monitored closely as an electronic board displays the yen and U.S. dollar exchange rates at a securities firm in Tokyo. Meanwhile, on Wall Street in New York, the market is rising in anticipation of the U.S. government's update on inflation, which may impact the Federal Reserve's upcoming interest rate decision.

Asian Shares Mostly Rise as Investors Look Ahead to Global Earnings Reports and U.S. Inflation Data

Asian shares mostly rose as investors anticipate earnings reports from top global companies and a U.S. consumer prices report as a gauge for inflation. The Nikkei 225 in Japan jumped 1.3%, Sydney's S&P/ASX 200 gained 0.3%, and South Korea's Kospi rose 0.3%. Wall Street ended with a rally following a strong U.S. jobs report, with the S&P 500 rising 1.1%. The U.S. government is set to release its March consumer prices report later in the week, influencing Treasury yields which climbed after the jobs report.

The Nikkei (Wikipedia)

The Nikkei, also known as The Nihon Keizai Shimbun (日本経済新聞, lit. "Japan Economics Newspaper"), is the flagship publication of Nikkei, Inc. (based in Tokyo) and the world's largest financial newspaper, with a daily circulation exceeding 1.73 million copies. The Nikkei 225, a stock market index for the Tokyo Stock Exchange, has been calculated by the newspaper since 1950.It is one of the four national newspapers in Japan; the other three are The Asahi Shimbun, the Yomiuri Shimbun and the Mainichi Shimbun.

Stocks plunge after inflation report raises concerns about Fed rates

Stocks took a dive after a key inflation report revealed higher-than-expected price increases, raising concerns that the Federal Reserve will keep rates higher for longer than anticipated. The Dow Jones Industrial Average slid 525 points, or 1.4%, while the S&P 500 declined 1.4% and the Nasdaq Composite lost roughly 1.8%. The latest Consumer Price Index showed that prices rose by 3.1% for the 12 months ended in January, with economists expecting inflation to ease to 0.2% on a monthly basis. Traders now expect the Federal Reserve to cut its benchmark lending rate in June or July.

US Stocks Poised to Slip as Economy Shows Resilience

US stocks are set to decline as signs of resilience in the US economy may hinder hopes for an interest-rate cut in June. Traders are scaling back rate-cut expectations after strong job openings and factory data. This has led to concerns about inflation and a potential delay in rate cuts. Global markets, including Tokyo's Nikkei 225 and Europe's Stoxx 600, also struggled. UK's FTSE 100 was down in morning trading, reflecting a broader sentiment of caution in the markets.

Stock Market Today: All You Need To Know Going Into Trade On April 16

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