Latest news with #SeanConlon
CNBC
6 days ago
- Business
- CNBC
Asia-Pacific stocks set for lower open as investors recent weigh trade developments
Asia-Pacific markets are set for a lower open as investors weigh recent trade developments. Good morning from Singapore. Asia markets were set for a muted open Friday. Japan's benchmark Nikkei 225 was set to start the trading day lower, with the futures contract in Chicago at 41,740 and its counterpart in Osaka at 41,640, against the index's last close at 41,826.34. Futures for Hong Kong's Hang Seng index stood at 25,505, pointing to a weaker open compared with the HSI's last close of 25,667.18. Australia's S&P/ASX 200 was also on track to start the day lower with futures tied to the benchmark at 8,637, compared with its last close of 8,709.4. — Lee Ying Shan The S&P 500 and the Nasdaq Composite ended Thursday's session with fresh record closes after scoring new all-time intraday highs earlier in the trading day. The broad market index closed 0.07% higher to end at 6,363.35, while the tech-heavy Nasdaq inched up 0.18% to finish at 21,057.96. However, the blue-chip Dow Jones Industrial Average pulled back 316.38 points, or 0.7%, to settle at 44,693.91. — Sean Conlon
CNBC
24-07-2025
- Business
- CNBC
Asia-Pacific markets set to open mostly higher as trade deal developments fuel sentiment
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Stocks ended the session higher on Wednesday, with the S&P 500 finishing with its third consecutive record closing high this week. The broad market index gained 0.78% to close at 6,358.91. Additionally, the blue-chip Dow Jones Industrial Average moved 507.85 points higher, or 1.14%, to end the session at 45,010.29. The tech-heavy Nasdaq Composite also jumped 0.61% to finish at 21,020.02, its first close above the 21,000 level. — Sean Conlon U.S. Secretary of the Treasury Scott Bessent gestures as Japan's Economic Revitalization Minister Ryosei Akazawa looks on the day they visit U.S. pavilion at Expo 2025 in Osaka, Japan, July 19, 2025. Kim Kyung-hoon | Reuters Although the trade deal between the U.S. and Japan turned out to be better than the market expected, it might still cause some damage to Japan's economy, according to UBS. "The 15% tariff will still likely lead to declines in exports and corporate earnings, and the resulting stagnation in capital investment and consumption will likely continue to exert downward pressure on the Japanese economy by about 0.4 percentage points year over year, in our view," analyst Chisa Kobayashi wrote on Wednesday. Along with that, Kobayashi said that she does not expect the Bank of Japan to hike interest rates this year, adding that she anticipates that the next rate hike will be "only be after mid-2026." — Sean Conlon
CNBC
23-07-2025
- Business
- CNBC
Asia-Pacific markets set to open higher after Trump hails Japan trade deal
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 after U.S. President Donald Trump announced that he had completed a "massive Deal" with Japan, which set tariffs of 15% on the country's exports to the U.S. Overnight, the U.S. benchmark S&P 500 rose to another record high. Happy mid-week from Singapore! Asia markets were poised to open higher. Japan's benchmark Nikkei 225 was set to start the trading day higher, with the futures contract in Chicago at 40,185 against the index's last close at 39,774.92. Australia's S&P/ASX 200 was also on track to start the day higher with futures tied to the benchmark at 8,681, compared with its last close of 8,677.20. Futures for Hong Kong's Hang Seng index stood at 25,321, pointing to a stronger open compared with the HSI's last close of 25,130.03. — Lee Ying Shan The S&P 500 and the Dow Jones Industrial Average closed in the green on Tuesday. The broad market index rose 0.06% to close at 6,309.62, marking another record close for the index. The blue-chip Dow climbed 179.37 points, or 0.4%, to finish at 44,502.44. On the other hand, the tech-heavy Nasdaq Composite fell 0.39% to end the day at 20,892.69. — Sean Conlon U.S. President Donald Trump and Philippine President Ferdinand Marcos Jr., meet in the Oval Office at the White House in Washington, D.C., U.S., July 22, 2025. Kent Nishimura | Reuters President Donald Trump said on Tuesday that the U.S. has reached a trade agreement with the Philippines. "President Ferdinand Marcos, of the Philippines, is just leaving the White House, with all of his many Representatives. It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff," the president said in a Truth Social post. Trump also said that the two countries will "will work together Militarily." The Philippines has yet to confirm the deal. — Kevin Breuninger, Sean Conlon
CNBC
09-07-2025
- Business
- CNBC
Stocks making the biggest moves premarket: Starbucks, AES, Verona Pharma, UnitedHealth & more
Check out the companies making headlines before the opening bell: Starbucks – Shares of the coffee chain jumped almost 2% after CNBC reported that Starbucks China has drawn bids for a potential stake sale that value the subsidiary at up to $10 billion. While shortlisting could be done in two months, the deal itself likely won't be completed by the end of this year. AES – The stock jumped nearly 14% following a Bloomberg report that the energy company was exploring a potential sale amid interest from infrastructure investors. Verona Pharma — Shares surged 20% after Merck bought UK-based Verona Pharma in a roughly $10 billion deal to expand its respiratory treatment portfolio. Merck shares ticked slightly higher. UnitedHealth — The health insurer saw shares dipping more than 1% after The Wall Street Journal reported the Justice Department's criminal healthcare-fraud unit is investigating the company's Medicare billing practices, citing people familiar with the matter. SolarEdge Technologies — The solar stock fell more than 2% in premarket after Goldman Sachs downgraded the name to neutral from buy, citing general market uncertainty across the residential sector. Mobileye Global — The autonomous driving company's shares declined nearly 2% after an Intel subsidiary announced it will unload 45 million shares of Mobileye Global in an underwritten secondary public offering. WPP — Shares of the advertising company sank nearly 16% after WPP said there has been a "deterioration in performance" during its second quarter. The company lowered its full-year guidance for revenue, less pass-through costs, and operating profit margin, with both now set to decline year over year. Bloom Energy — The energy stock jumped more than 6% after a JPMorgan upgrade to overweight from neutral. The bank said Bloom Energy could benefit from President Donald Trump's recently signed tax bill. — CNBC's Sean Conlon, Michele Fox, Sarah Min and Jesse Pound contributed reporting.
CNBC
03-07-2025
- Business
- CNBC
Asia-Pacific markets mostly set to open higher after Wall Street gains on strong jobs report
The skyline of Yokohama with the Landmark Tower, Queen's Square and the ferries wheel with the Aka-Rengo Soko warehouse on a beautiful day. Juergen Sack | E+ | Getty Images Most Asia-Pacific markets are set to climb on Friday, trailing gains on Wall Street after a better-than-expected jobs report eased investors' concerns of a slowdown in the U.S. economy. Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 40,095 while its counterpart in Osaka last traded at 40,120, against the index's Thursday close of 39,785.90. Futures for Hong Kong's Hang Seng index stood at 23,991, pointing to a lower open compared to the HSI's last close of 24,069.94. Australia's S&P/ASX 200 is slated to open higher with futures tied to the benchmark at 8,611 compared to its last close of 8,595.80. — CNBC's Sean Conlon and Lisa Kailai Han contributed to this report. Good morning from Singapore. Asia-Pacific markets were set to mostly climb Friday after trading mixed the day before. Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 40,100, while its counterpart in Osaka last traded at 40,120, against the index's Thursday close of 39,785.90. Futures for Hong Kong's Hang Seng index stood at 23,991, pointing to a weaker open compared to the HSI's last close of 24,069.94. Australia's S&P/ASX 200 is slated to open higher with futures tied to the benchmark at 8,611 compared to its last close of 8,595.80. — Amala Balakrishner
