Thursday, November 14, 2024

Asian markets are poised to open quietly with China set to resume trading after the holiday.US Markets Closed – NBC 5 Dallas-Fort Worth

Must read


This is CNBC’s live blog covering the Asia-Pacific market.

Asia-Pacific stock markets were expected to get off to a calm start on Monday as US markets were closed for the President’s Day holiday while investors waited for China to resume trading.

All eyes will be on the mainland Chinese market, which was closed for a week for the Lunar New Year holiday and consumer spending soared above pre-COVID-19 levels, according to official data.

Chinese Foreign Minister Wang Yi reportedly told US Secretary of State Antony Blinken that the US needs to lift restrictions on Chinese companies and individuals and that attempting to decouple from China will only hurt the US. , he is said to have said.

Hong Kong Hang Seng Index futures stood at 16,343., This indicates a slightly higher opening price compared to HSI’s closing price of 16,339.96.

Japan’s Nikkei Stock Average appears to have fallen, with Chicago futures at 38,345 and Osaka futures at 38,310, compared to the index’s last close of 38,487.24.

In Australia, the S&P/ASX 200 rose 0.1%.

Wall Street’s main indexes fell on Friday after a hot inflation report raised concerns that the Federal Reserve will cut interest rates later than expected this year.

The S&P 500 fell 0.48%, the Dow Jones Industrial Average fell 0.37% and the Nasdaq Composite fell 0.82%.

All three major indexes ended the week in negative territory, ending the winning streak after five weeks. The S&P 500 ended the week down 0.42%, and the Dow fell 0.11%. The Nasdaq fell 1.34%.

—CNBC’s Lisa Kailai Han and Pia Singh contributed to this report

Stocks fall, ending five-week winning streak

All three major indexes ended in the red on Friday, ending a five-week winning streak.

The S&P 500 fell 0.48% to end at 5,005.57. The Dow Jones Industrial Average fell 145.13 points, or 0.37%, to settle at $38,627.99. The Nasdaq Composite Index fell 0.82% to end at 15,775.65.

— Lisa Kailai Han

Consumer sentiment, inflation outlook stable in February, survey finds

In the latest University of Michigan survey, consumer confidence and inflation expectations were little changed as respondents weighed different indicators of stock market volatility and prices.

The sentiment index in February was 79.6, up just 0.6 points from January and just shy of the Dow Jones forecast of 80.

Regarding inflation expectations, the one-year outlook gradually rose by a tenth of a point to 3% on a monthly basis, while the five-year outlook remained unchanged at 2.9%. Both rates are above the Federal Reserve’s 2% target, but they continue to show signs of easing. In contrast, the 1-year forecast a year ago was 4.2%.

“The fact that sentiment hasn’t collapsed at all this month suggests that consumers continue to feel more secure about the economy, and in December and January, “We have seen significant improvements in various aspects of the economy.”

—Jeff Cox



Source link

More articles

16 COMMENTS

  1. Hmm is anyone else having problems with the pictures on this blog loading?
    I’m trying to determine if its a problem on my end or
    if it’s the blog. Any feed-back would be greatly appreciated.

  2. I know this if off topic but I’m looking into starting my own blog and
    was curious what all is required to get set up?
    I’m assuming having a blog like yours would
    cost a pretty penny? I’m not very internet smart
    so I’m not 100% sure. Any suggestions or advice would
    be greatly appreciated. Thanks

  3. Admiring the hard work you put into your blog and in depth information you offer.

    It’s good to come across a blog every once in a
    while that isn’t the same old rehashed information. Excellent read!

    I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

  4. I do not know if it’s just me or if everybody else experiencing problems with your blog.
    It looks like some of the text on your posts are running off
    the screen. Can somebody else please provide feedback and
    let me know if this is happening to them too?
    This might be a problem with my internet browser
    because I’ve had this happen before. Cheers

  5. Definitely consider that which you stated.
    Your favorite justification appeared to be at the web the easiest
    thing to remember of. I say to you, I certainly get annoyed at the same time as folks consider worries that they plainly do not understand about.
    You managed to hit the nail upon the top and also
    outlined out the entire thing without having side-effects , people can take a signal.
    Will likely be again to get more. Thank you

  6. You really make it seem so easy with your presentation but I find this topic to be actually
    something that I think I would never understand. It seems too complex and extremely broad for me.
    I’m looking forward for your next post, I will try
    to get the hang of it!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article