Asian stocks slightly rose as investors awaited economic data, corporate earnings, and the U.S. Federal Reserve's policy meeting. MSCI's index of Asia-Pacific shares outside Japan gained almost 1% for the month, with the Nikkei rising 1%. China and Hong Kong stocks showed mixed early trading. The focus is on the yen after suspected intervention lifted it from 34-year lows. Japan's top currency diplomat mentioned authorities are prepared to address foreign exchange matters 24/7. Markets anticipated Japanese intervention to support the yen as it weakened 10% against the dollar this year.
Asian shares traded higher with Sydney's S & P/ASX 200 up 0.6%, South Korea's Kospi surged nearly 1.0%, Hong Kong's Hang Seng jumped 1.2%, and the Shanghai Composite rose 0.6%. The market mood is positive following a tech-driven rally on Wall Street. Investors are monitoring the decline of the Japanese yen against the U.S. dollar after the Bank of Japan's decision to keep interest rates unchanged. A weak yen can benefit Japan's exporters but may harm the economy in the long run. The Federal Reserve policy meeting later this week is anticipated.
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.
Asian shares gained momentum from Wall Street, with a focus on upcoming earnings reports from major U.S. tech companies. The Japanese yen hit fresh 34-year lows due to a strong dollar. Taiwanese and Hong Kong shares advanced, while Japanese shares edged up. Tech shares in the region performed well, except for Chinese stocks which fell. U.S. tech giants like Tesla, Meta Platforms, Alphabet, and Microsoft are set to announce their earnings this week. Market volatility is expected amidst uncertainties around the Fed's actions and geopolitical tensions in the Middle East.
Most share indices in Asia-Pacific were trading higher with the Nikkei 225 down by 0.34% to 37,831.61, the KOSPI index up by 1.22% to 2,615.66, and the S&P ASX 200 up by 0.36% to 7,633.10. Taiwan Manufacturing Co. and Tokyo Electron Ltd are set to report quarterly results. US bond market under pressure with speculation on rate cuts. Various indices in the US fell, Brent crude traded higher at $87.36, and gold rose to $2,369.67. India's benchmark indices fell due to geopolitical concerns, with net selling by foreign investors and buying by domestic institutional investors. Tata Communications reported revenue up 1.0% and net profit up 613.7% in the latest quarter.
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 showed a mixed trend after Wall Street slightly declined from its record highs. Japan's Nikkei 225 index was observed at a securities firm in Tokyo. Additionally, Trump Media replaced Digital World on the Nasdaq stock exchange with its social media platform Truth Social.
Global shares mostly rose as France's CAC 40, Germany's DAX, Britain's FTSE 100, Japan's Nikkei 225, Sydney's S&P/ASX 200, and South Korea's Kospi all posted gains. Taiwan Semiconductor may see quicker relief after an earthquake. The US Federal Reserve may cut rates three times this year, pending evidence of inflation. Japan's labor union reports solid wage increases. Job market data from the US government is awaited.
Asian shares traded mixed as U.S. interest rates are expected to remain high. Japan's Nikkei 225 dipped, Australia's S&P/ASX 200 edged up slightly, and South Korea's Kospi was stable. Federal Reserve Chairman Jerome Powell mentioned the central bank's cautious approach to cutting interest rates. The S&P 500 and Nasdaq fell, with Treasury yields rising. Traders anticipate one or two rate cuts this year, impacting stock prices. Donald Trump's social media company stock dropped. Energy trading saw U.S. crude and Brent crude prices decline, while currency trading showed minor shifts.
European shares opened higher after a mixed trading session in Asia with Germany's DAX gaining 0.1% and Paris' CAC 40 rising by 0.4%, while London's FTSE 100 was up by 0.3%. The dollar remained strong against the Japanese yen and Chinese yuan, causing concern for regulators in Tokyo and Beijing. Japanese officials expressed a desire for stability in exchange rates amidst the yen's vulnerability. In Asia, the Nikkei 225 in Tokyo lost 1.5%, while the Hang Seng in Hong Kong gained 0.9%. Chinese markets rebounded, and Australia's S&P/ASX 200 jumped 1%. India's Sensex added 1.6% while Taiwan's Taiex slipped 0.3%.
Japan's Nikkei share average closed at 38,460.08, marking a 2.4% increase and maintaining levels above 38,000 points. The tech-related shares trend, along with positive earnings in the U.S., contributed to the rise. Factors such as geopolitical concerns and profit-taking had caused fluctuations earlier. Export shares benefited from a weaker yen, with Toyota Motor rising 3.1%. Chip-related stocks, including Tokyo Electron and Advantest, made notable gains. Risks are anticipated during the U.S. earnings season, especially for big tech companies.
Global shares showed a mixed trend with France's CAC 40 and Germany's DAX edging up, while Britain's FTSE 100 slipped. U.S. shares were set to drift higher. In Asia, Japan's Nikkei 225 and Australia's S & P/ASX 200 fell, while South Korea's Kospi, Hong Kong's Hang Seng, and Shanghai Composite saw gains. Energy prices rose, influenced by global uncertainties like events in the Middle East and Russia. The U.N. Security Council demanded a cease-fire in Gaza, with the U.S. abstaining. Analysts are mindful of potential oil price flares due to geopolitical tensions.
On Friday, April 19, 2024, Asian markets, including Japan's Nikkei 225, experienced a more than 3% decline due to significant selling pressure on semiconductor-related shares. Meanwhile, the New York Stock Exchange showed signs of potential gains amidst incoming corporate earnings, alleviating concerns about potential Federal Reserve interest rate cuts.
U.S. stock indexes, including the S&P 500 and Dow Jones, are slightly up as investors await key market reports on inflation and corporate profits. Traders are uncertain about the Federal Reserve's potential interest rate cuts due to recent mixed economic data, with expectations ranging from two to zero cuts this year. Companies may need to show strong profit growth to support current stock price levels.
(Bloomberg) -- Global equities showed signs of stability following a recent selloff. Asian currencies remained in focus as traders braced for the Federal Reserves higher-for-longer interest rates. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding What If Fed Rate Hikes Are Actually Sparking US Economic Boom? China Tells Iran Cooperation Will Last After Attack on Israel Powell Signals Rate-Cut Delay After Run of Inflation Surprises US Yields Spike as Hawkish Powell Puts 5% in Play: Markets Wrap US and European equity futures inched higher as the MSCI Asia Pacific Index steadied after an earlier drop. The dollar turned lower following its best five-day gain since October 2022. The greenbacks resilience has exerted pressure on global emerging-market currencies and prompted authorities to ramp up defense against rapid depreciation.
(Bloomberg) -- Emerging-market stocks rose Friday, cementing their biggest weekly advance in nine months, as Asian technology stocks got a boost from US corporate earnings that confirmed booming demand for artificial intelligence. Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Plunging Home Prices, Fleeing Companies: Austins Glow Is Fading Feds Preferred Core Inflation Gauge Rose at Brisk Pace in March Huaweis New Phone Runs Latest Version of Made-in-China Chip US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes The MSCI Emerging Markets Index climbed as much as 1.2%, reaching a two-week high, with Taiwan Semiconductor Manufacturing Co., Tencent Holdings and Alibaba Group Holding accounting for the biggest chunk of its gains.
Stock futures dipped following a strong jobs report as investors fear a delay in interest-rate cuts, with futures for the S&P 500 and Dow Jones slipping by 0.1%, while the Nasdaq 100 remained flat. The US Dollar Index rose 0.1% to 104.37 points, and the 10-year Treasury yield climbed to 4.45%. Asian shares rose as investors awaited earnings reports and the US consumer prices report. Japan's Nikkei 225 jumped 1.3%, Sydney's S&P/ASX 200 gained 0.3%, and South Korea's Kospi rose 0.3%. Concerns about inflation and energy prices continue amidst signs of economic recovery.
Global shares mostly declined following Wall Street's worst day in weeks, with France's CAC 40 edging up 0.1%, Germany's DAX rising 0.3%, and Britain's FTSE 100 dropping 0.6%. US shares were set to drift lower, with Japan's Nikkei 225 sliding 0.8%, Sydney's S&P/ASX 200 slipping 1.3%, South Korea's Kospi dropping 1.4%, Hong Kong's Hang Seng losing 1.1%, and the Shanghai Composite falling 0.2%. Analysts express concerns over potential market corrections amid worries spreading from Wall Street to Asia, despite recent positive economic signals from China.
Gold prices increased while Asian stocks declined on Monday as Iran's attack on Israel heightened geopolitical tensions in the Middle East. Japan's Nikkei 225 and South Korea's Kospi dropped over 1%, while Hong Kong's Hang Seng Index fell by 0.8%. However, China's Shanghai Composite Index rose by 1.2%. Spot gold reached $2,358 per ounce, rising by 0.6% and hitting an all-time high of $2,431 per ounce on Friday. US gold futures also rose by 0.1%. Oil prices, although settling higher on Friday, slightly retreated during Asian trading hours after Iran's attack which caused minor damage.
The Bank of Japan (BOJ) decided to keep short-term interest rates in a range of zero and 0.1 percent, maintaining its policy regarding government bond buying. Japan's core inflation is expected to be around 2 percent until fiscal 2026. In Tokyo, consumer prices, excluding fresh food, rose 1.6% in April, with a significant slowdown attributed to the start of education subsidies. The Tokyo CPI data, a leading indicator for national trends, showed inflation below 2%, complicating the BOJ's decision on interest rates and inflation targets.
US stocks declined following a below-expectation GDP growth rate of 1.6% for the first quarter, raising concerns about the economy. The Nasdaq fell 0.6%, S&P 500 dropped 0.5%, and Dow Jones slipped 1%. Inflation increased by 3.7%, fueling discussions on the Federal Reserve's interest rate strategy. Meta shares plummeted over 10% due to increased costs, while Google's parent company saw a 10% surge in stock value. Microsoft exceeded revenue projections, boosting its shares by 5%, whereas Intel's shares tumbled 8% on disappointing revenue guidance.
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.
US stocks are set to open lower after Israel's apparent retaliatory strike against Iran, with S&P 500 futures down 0.6%, Nasdaq 100 futures sinking 0.85%, and Dow Jones Industrial Average futures down 0.5%. Markets are on edge over fears of a widening conflict in the Middle East, impacting oil prices and global economy. Meanwhile, Netflix shares fell 4% despite positive quarterly results, and TSMC saw a 6% decline after revising revenue growth outlook. European and Asian markets also opened lower, with tensions in the Middle East influencing sentiment.
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.
(Bloomberg) Shares of Tencent Holdings Ltd. have surged more than 10% this month, outperforming the Magnificent Seven and underscoring global investors growing appetite for Chinas undervalued megacaps. Most Read from Bloomberg Taylor Swift Is Proof That How We Critique Music Is Broken Bidens New Chopper Is Demoted After Scorching White House Lawn Tech Giants Roar as Tesla Spikes in Late Hours: Markets Wrap Billionaire Pinaults Fight to Pull Gucci Off the Discount Rack Ray Dalios Famous Trade Is Sputtering, Investors Bailing The stocks most recent bump came from an earlier-than-expected debut for a blockbuster title, as the Chinese game sector looks to break out of a long malaise. In contrast, US tech giants have slipped on reduced expectations for profit growth as they attempt to deliver on the promise of artificial intelligence. Tencent should return to sequential profit growth in the current quarter on strength in games and short videos, according to Bloomberg Intelligence analysts Robert Lea and Jasmine Lyu.
Japanese Prime Minister Fumio Kishida addressed Congress, highlighting Japan's readiness to share the burden of upholding the international order with the United States. During his visit, agreements on defense cooperation were made to counter the threat from China, particularly concerning Taiwan. The alliance between the U.S. and Japan has seen significant upgrades, with a focus on a more robust security role for Japan in the Asia-Pacific region.
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).
The Asian Development Bank has raised China's growth forecast to 4.8% in 2024, expecting fiscal policies to drive investment in manufacturing and infrastructure, while also predicting a strong performance in high-tech sectors and foreign direct investment. In India, the ADB increased the GDP growth forecast for the current fiscal to 7%, attributing it to public and private sector investment and improved consumer demand. The bank projected India's growth at 7.2% for 2025-26, emphasizing the country's importance in the Asia-Pacific region.
The MSCI World is a widely followed global stock market index that tracks the performance of around 1500 large and mid-cap companies across 23 developed countries. It is maintained by MSCI, formerly Morgan Stanley Capital International, and is used as a common benchmark for global stock funds intended to represent a broad cross-section of global markets.The index includes a collection of stocks of all the developed markets in the world, as defined by MSCI. But because the index excludes stocks from emerging and frontier economies, it is less worldwide than the name suggests. A related index, the MSCI All Country World Index (ACWI), incorporated both developed and emerging countries. MSCI also produces a Frontier Markets index, including another 31 markets.The MSCI World Index has been calculated since 1969, in various forms: without dividends (Price Index), with net or with gross dividends reinvested (Net and Gross Index), in US dollars, Euro and local currencies.
Nikkei Asia, known as Nikkei Asian Review between 2013 and 2020, is a major Japan-based English-language weekly news magazine focused on the Asian continent, although it also covers broader international developments. It is headquartered in Tokyo, Japan and was originally launched in 2013.
(Bloomberg) -- Mattel Inc. shares rose in extended trading after the toymaker reported a smaller-than-expected first-quarter loss, benefiting from fast sales of its Hot Wheels miniature cars and lower costs. Most Read from Bloomberg Tesla Stock in No Mans Land After 43% Rout Ahead of Earnings Ray Dalios Famous Trade Is Sputtering, Investors Bailing Billionaire Pinaults Fight to Pull Gucci Off the Discount Rack Mag Seven Roar as Tesla Jumps in Late Hours: Markets Wrap Taylor Swift Is Proof That How We Critique Music Is Broken Shares of the El Segundo, California-based company rose as much as 5.3% to $19.74 after the results were announced.
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.
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