Latest news with #PiaSingh
CNBC
2 days ago
- Business
- CNBC
Asia-Pacific markets set to open mixed as weak private sector hiring in the U.S. dents investor sentiment
Varanasi, also commonly known as Benares or Banaras and Kashi , is a city situated on the banks of the River Ganges in the Indian state of Uttar Pradesh, 320 kilometres (199 mi) southeast of state capital Lucknow. It is regarded as a holy city by Buddhists and Jains, and is the holiest place in the world in Hinduism (and center of earth in Hindu Cosmology). It is one of the oldest continuously inhabited cities in the world and probably the oldest of India Buena Vista Images | Photodisc | Getty Images Asia-Pacific markets were set to mostly fall Thursday, after private sector hiring in the U.S. hit its lowest level in over two years, raising concerns that trade policy uncertainty could be weighing on the superpower's economy. A report from payrolls processing firm ADP showed that payrolls rose only 37,000 for the month, less than the downwardly revised 60,000 in April and below the consensus forecast of 110,000 that economists polled by Dow Jones had forecast. Japan's benchmark Nikkei 225 was set to fall at the open, with the futures contract in Chicago at 37,550 while its counterpart in Osaka last traded at 37,560 against the index's Wednesday close of 37,747.45. Futures for Hong Kong's Hang Seng index stood at 23,666 pointing to a flat open. HSI had closed at 23,654.03 in the previous session. Australia's S&P/ASX 200 was set to start the day higher, with futures tied to the benchmark at 8,564, compared to its last closer of 8,541.80 Investors will be keeping a close watch on Indian markets as the Reserve Bank of India starts its two-day policy meet, with markets expecting the central bank to cut its benchmark interest rate by a quarter-percentage point to 5.75% on Friday. — CNBC's Pia Singh, Sean Conlon and Sarah Min contributed to this report.
CNBC
3 days ago
- Business
- CNBC
Stocks making the biggest moves premarket: Dollar Tree, CrowdStrike, Wells Fargo, Constellation Energy and more
Check out the companies making headlines in premarket trading. Dollar Tree — The budget retailer slid about 4% after saying earnings per share could decline by as much as 50% in the current quarter, parly due to cost pressures from tariffs. Analysts polled by FactSet expected per-share earnings to fall just 2%. Thor Industries — The RV maker jumped about 12% after posting stronger-than-expected earnings for the fiscal third quarter and reaffirming full-year guidance. Thor earned $2.53 per share on revenue of $2.89 billion, while analysts surveyed by FactSet anticipated $1.79 and $2.61 billion, respectively. Hewlett Packard Enterprise – Shares jumped more than 7% after sales and profit at the data storage and networking services provider topped analyst estimates and it raised its profit outlook, expecting to take a smaller hit from tariffs than previously expected and saying most of its products comply with the U.S.-Mexico-Canada free trade deal. In the latest quarter, HPE earned an adjusted 38 cents per share on revenue of $7.63 billion, above analysts' consensus 32 cents per share on $7.45 billion, according to LSEG. CrowdStrike — The cybersecurity stock tumbled about 7% after saying it expects current quarter revenue of between $1.14 billion and $1.15 billion, missing the consensus forecast of $1.16 billion from analysts polled by LSEG. First quarter revenue matched analyst estimates at $1.10 billion. Asana — The enterprise software provider dropped 12%. First-quarter earnings of 5 cents per share, excluding items, on revenue of $187 million, topped analysts' estimates of 2 cents and $186 million, according to LSEG. The stock had run up 17% in the past month. Guidewire Software — The insurance technology provider climbed about 14% after fiscal third quarter earnings exceeded Wall Street estimates, coming in at 88 cents per share, excluding one-time items, on revenue of $294 million, while analysts surveyed by LSEG anticipated 46 cents and $284 million, respectively. Wells Fargo — The money center bank rose nearly 3% after the Federal Reserve removed an asset cap dating back to 2018 on the San Francisco-based lender Wells Fargo. The regulatory restriction had limited the bank's growth while it revamped its governance and risk management following several controversies. Constellation Energy — Shares lost nearly 3% after Citigroup downgraded to neutral from buy. Citi's call came after Constellation agreed Tuesday to sell nuclear-generater power to Meta Platforms as part of a 20-year contract. — CNBC's Pia Singh and Jesse Pound contributed reporting
CNBC
08-05-2025
- Business
- CNBC
Asia-Pacific stocks set to rise as Wall Street cheers U.S.-UK trade deal outline
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets were set to mostly climb Friday, tracking Wall Street gains after U.S. President Donald Trump announced the broad outline of a trade deal with the United Kingdom — the first since the U.S. paused sweeping "reciprocal" tariffs in April. Specific details of the agreement remained unclear, and no official documents were signed during the Oval Office announcement. "The final details are being written up," Trump said. "In the coming weeks we'll have it all very conclusive." Japan's benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,530 while its counterpart in Osaka last traded at 37,490, against the index's last close of 36,928.63. Australia's benchmark S&P/ASX 200 is set to rise, with futures standing at 8,216, up from the index's close of 8,191.7. Futures for Hong Kong's Hang Seng index stood at 22,732, slightly lower than HSI's last close of 22,775.92. Investors in Asia will also be keeping an eye out for China's April trade figures. U.S. stock futures hovered near the flatline as investors hope that the U.S.- United Kingdom trade deal framework signals more progress to come. Overnight stateside, the three major averages closed higher. The Dow Jones Industrial Average gained 254.48 points, or 0.62%, to settle at 41,368.45. The S&P 500 rose 0.58% and closed at 5,663.94. The Nasdaq Composite advanced 1.07% to end at 17,928.14. — CNBC's Sean Conlon and Pia Singh contributed to this report. The broad market index added 0.58% to close at 5,663.94, while the Nasdaq Composite gained 1.07% to end at 17,928.14. The Dow Jones Industrial Average climbed 254.48 points, or 0.62%, and settled at 41,368.45. — Pia Singh
