Latest news with #LisaKailaiHan
CNBC
4 days ago
- Business
- CNBC
Asia markets set to open mixed as investors await key economic data in the region
Asia-Pacific markets are expected to trade mixed as investors await a slate of Chinese economic data later in the day, as well as Japan's second-quarter GDP. Happy Friday from Singapore. Asia markets are set for a mixed open. Australia's S&P/ASX 200 was set to start the day marginally lower with futures tied to the benchmark at 8,838, compared with the index's last close of 8.873.8. Japan's Nikkei 225 was set to open higher, with the futures contract in Chicago at 42,795, while its counterpart in Osaka last traded at 42,770, against the index's last close of 42,649.26. Futures for Hong Kong's Hang Seng index stood at 25,316, pointing to a weaker open compared with the HSI's last close of 25,519.32. South Korean markets were closed for a holiday. — Lee Ying Shan The S&P 500 ticked higher on Thursday to eke out its third record close in a row. The benchmark added 0.03%, closing at 6,468.54. The Nasdaq Composite slipped 0.01%, finishing at 21,710.67. The Dow Jones Industrial Average shed 11.01 points, or 0.02%, and settled at 44,911.26. — Lisa Kailai Han In a Thursday interview with CNBC, economist Marc Sumerlin confirmed that he's in the running to be the next Federal Reserve chair. "I got a call last Wednesday that said there was going to be a list [and] I was going to be on it. That's as much as I know right now," he said. "I'm waiting for more guidance on where we go from here." Sumerlin also voiced his support for a big interest rate cut. The former senior economist under then-President George W. Bush said that a 50 basis-point rate cut "seems like pretty much a no-brainer to me." One basis point equals 0.01%, so a 50 basis-point cut would be half a percentage point. — Jeff Cox, Lisa Kailai Han Equities may have further upside from here, but investors should still be mindful of elevated volatility going forward, according to UBS. "While the VIX index of implied stock volatility has fallen to the lowest level since December last year, market swings could pick up quickly if trade tensions escalate significantly, economic data weakens faster than expected, or if geopolitical risks worsen," the bank wrote in a Wednesday note to clients. "Investors who are already allocated to equities in line with their strategic benchmarks should consider structured strategies with capital preservation features, while those underallocated should prepare to add exposure on potential market dips or consider a disciplined approach to phasing into stocks." UBS added that a "well-diversified portfolio" is suited for helping investors hedge against volatility while also setting them up for future gains. — Lisa Kailai Han
CNBC
12-06-2025
- Business
- CNBC
Asia-Pacific markets set to open higher, tracking Wall Street gains
Aerial view of Mt. Fuji, Tokyo Tower and modern skyscrapers in Tokyo on a sunny day. Yongyuan | E+ | Getty Images Asia-Pacific markets were set to open higher Friday, tracking gains on Wall Street following a batch of economic data that pointed toward a solid U.S. economy. Futures for Japan's benchmark Nikkei 225 in Chicago were at 38,220 while their counterpart in Osaka last traded at 38,170 compared with the index's Thursday close of 38,173.09 Futures for Hong Kong's Hang Seng index last traded at 24,178, compared with the HSI's last close of 24,035.38. Australia's S&P/ASX 200 was also set to start the day higher, with futures tied to the benchmark at 8,605, compared to the index's close of 8,565.1 in the previous session. U.S. stock futures ticked lower but major stock benchmarks were on course to end the week on a positive note. U.S. producer prices in May rose just 0.1% from the previous month, coming in cooler than the 0.2% jump expected by economists surveyed by Dow Jones. The softer reading helped boost major stock indexes, while bond yields declined, improving investor sentiment. This followed a cooler-than-expected consumer inflation report earlier in the week. Overnight stateside, all three key benchmarks closed higher. The S&P 500 rose, helped by a rally in Oracle that lifted the big tech sector. The benchmark climbed 0.38% to close at 6,045.26. The broad market S&P 500 now sits less than 2% off its record high. The Nasdaq Composite gained 0.24% and ended the day at 19,662.48. The Dow Jones Industrial Average added 101.85 points, or 0.24%, settling at 42,967.62. — CNBC's Lisa Kailai Han, Pia Singh, Sean Conlon contributed to this report. The major averages closed Thursday's trading on a positive note. The S&P 500 added 0.38%, ending at 6,045.26. The advance brings the broad market index less than 2% off from its February record high. The Nasdaq Composite gained 0.24% to close at 19,662.48. Finally, the Dow Jones Industrial Average added 101.85 points, or 0.24%, settling at 42,967.62. — Darla Mercado
CNBC
22-05-2025
- Business
- CNBC
Asia-Pacific markets set to mostly climb as investors await slew of economic data
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to mostly climb Friday as investors await a slew of economic data in the region. Japan's benchmark Nikkei 225 is set to open higher with the futures contract in Osaka last trading at 37,150 and the contract in Chicago at 37,055 against the index's last close of 36,985.87. Australia's benchmark S&P/ASX 200 is also set to open higher, with futures standing at 8,388, higher than the index's last close of 8,348.7. Futures for Hong Kong's Hang Seng index stood at 23,492, lower than its last close of 23,544.31. Investors are parsing South Korea's PPI figures for April and New Zealand's retail sales for the first quarter of the year, which came out early Friday. Japan and Singapore are slated to report inflation data for April, and Taiwan is releasing its industrial output figures later in the day. U.S. stock futures were little changed as investors continue to evaluate the effect of higher U.S. Treasury yields on the economy. Futures tied to the Dow Jones Industrial Average added 14 points, or 0.03%. Nasdaq 100 futures were marginally lower, while S&P 500 futures ticked up 0.03%. Overnight stateside, the three major averages closed mixed as investors grappled with fears of rising rates and worries about a ballooning U.S. deficit. The 30-year Treasury yield hit its highest since 2023 as lawmakers passed a bill that investors fear could worsen the U.S. deficit. The Dow Jones Industrial Average slipped 1.35 points, closing at 41,859.09. The S&P 500 lost 0.04% and ended at 5,842.01, while the Nasdaq Composite advanced 0.28% and settled at 18,925.73. — CNBC's Lisa Kailai Han and Yun Li contributed to this report. The S&P 500 closed little changed on Thursday afternoon. The market benchmark slipped 0.04% to close at 5,842.01. The Dow Jones Industrial Average shed about 1 point and finished at 41,859.09. The Nasdaq Composite , on the other hand, added 0.28% to settle at 18,925.73. — Lisa Kailai Han Citi is seen on the floor of the New York Stock Exchange on March 3, 2025. NYSE Citi expects a worst economic outlook for the second half of the year. The bank attributed this partially to U.S. consumers and firms frontloading their spending to get ahead of tariffs. "As the full effects of the tariffs come online — likely over the next few months — demand could face a double blow. The tariffs could reduce real purchasing power, and in addition, frontloaded purchases will be 'paid back,'" global chief economist Nathan Sheets wrote in a Wednesday note. "As such, we view the current period as still the 'calm before the storm,' and we expect growth in the second half of the year to weaken." — Lisa Kailai Han
CNBC
21-05-2025
- Business
- CNBC
Asia-Pacific markets set to fall, tracking declines on Wall Street
Buildings in Auckland, New Zealand, on Monday, May 22, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to fall on Thursday, tracking declines on Wall Street. Japan's benchmark Nikkei 225 is set to open lower with the futures contract in Osaka last trading at 36,840 against the index's last close of 37,298.98. Australia's benchmark S&P/ASX 200 is also set to fall, with futures standing at 8,326, lower than the index's last close of 8,386.8. Futures for Hong Kong's Hang Seng index stood at 23,640, lower than its last close of 23,827.78. Investors will be looking out for the unveiling of New Zealand's 2025 budget. Stock futures were flat in overnight trading Wednesday following a sizable sell-off on Wall Street as worries about a ballooning deficit deepened. Futures on the Dow Jones Industrial Average dipped 60 points. S&P 500 futures and Nasdaq 100 futures were both little changed. Overnight stateside, the three major averages closed lower. Stocks sold off, pressured by a sharp spike higher in Treasury yields as traders grew worried that a new U.S. budget bill would put even more stress on the country's already large deficit. The Dow Jones Industrial Average lost 816.80 points, or 1.91% to 41,860.44. The S&P 500 shed 1.61% to 5,844.61. The Nasdaq Composite slid 1.41% to 18,872.64. The 30-year Treasury bond yield last traded around 5.09%, touching the highest level going back to October 2023. The benchmark 10-year Treasury note yield traded at 4.59%. — CNBC's Lisa Kailai Han and Alex Harring contributed to this report. Stocks closed lower Wednesday afternoon. The Dow Jones Industrial Average lost 816.80 points, or 1.91% to 41,860.44. The S&P 500 shed 1.61% to 5,844.61. The Nasdaq Composite slid 1.41% to 18,872.64. — Sarah Min Romain Costaseca | Afp | Getty Images Bitcoin broke through its January high-water mark to set a new record above $109,000 on Wednesday, helping fuel a rally in crypto-related stocks. Shares of Coinbase were up 2.7% on the day, while brokerage stock Robinhood climbed 1.5%. MARA Holdings jumped more than 4%. Bitcoin's high for the day is $109,500, according to Coin Metrics. Stock chart icon Bitcoin hit a record high on Wednesday.
CNBC
20-05-2025
- Business
- CNBC
Asia-Pacific markets set to trade mixed after Wall Street rally pauses
Futures for Hong Kong's Hang Seng index stood at 23,632, lower than its last close of 23,681.48. Australia's benchmark S&P/ASX 200 is set to rise, with futures standing at 8,421, higher than the index's last close of 8,343.3. Japan's benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,595 while its counterpart in Osaka last traded at 37,590, against the index's last close of 37,529.49. Asia-Pacific markets were set to trade mixed Wednesday after Wall Street halted its six-day win streak. Investors are also looking out for economic data from across the region. Japan is set to release its trade data for April, while the Bank of Indonesia is slated to release its policy decision later in the day. The Bank of Indonesia slashed policy rates in September 2024, and then again in January 2025, but has kept rates on hold at 5.75% since, HSBC noted in a report. "Given growth weakness, Bank of Indonesia may have to embark on a deep rate-cutting cycle," the bank wrote. "For several reasons, we believe it's time to restart the easing cycle in May," the bank's economists said, citing weak first-quarter GDP growth and weakening currency against the greenback. U.S. futures were little changed. S&P 500 futures wavered Tuesday night following a losing session on Wall Street that snapped a winning streak. Futures tied to the broad index shed 0.2%, as did Nasdaq 100 futures. Dow Jones Industrial Average futures lost 93 points, or 0.2%. Overnight stateside, the three major averages closed lower. Stocks slipped on Tuesday as the big tech-led rally lost steam and the S&P 500 ended a six-day winning run. The S&P 500 fell 0.39% to end at 5,940.46, while the Nasdaq Composite dipped 0.38% and closed at 19,142.71. The Dow Jones Industrial Average lost 114.83 points, or 0.27%, finishing at 42,677.24. Investors dumped tech stocks, which had led the run over the past six days. The sector lost 0.5%. Nvidia slid 0.9%. Advanced Micro Devices, Meta Platforms, Apple and Microsoft also dropped. — CNBC's Lisa Kailai Han and Jesse Pound contributed to this report.
