### Summary
Oil prices rose in Asian trade, unfazed by China's disappointing interest rate cut, as the prospect of tighter supplies supported the outlook.
### Facts
- 💰 Oil prices rose in Asian trade, shrugging off China's interest rate cut.
- 🛢️ Concerns over slowing demand in China and rising US interest rates had driven steep losses in crude prices.
- 📉 China cut its one-year loan prime rate by 10 basis points to 3.45%, disappointing market forecasts for a larger cut.
- 🏢 Lack of changes in the mortgage rate raised concerns over a worsening real estate crisis in China.
- 🌍 Deep production cuts from Saudi Arabia and Russia are expected to limit crude supplies by nearly 70 million barrels over 45 days.
- 🇺🇸 Robust fuel consumption in the US, particularly during the summer season, pointed to tighter markets.
- 📈 Analysts expect oil prices to remain relatively higher for the rest of the year, despite the prospect of higher interest rates affecting US demand.
Asia-Pacific markets fell on Friday as Japan's core inflation rate dropped to 3.1% and Chinese real estate giant Evergrande filed for bankruptcy protection in a U.S. court.
Summary: U.S. markets end mixed with Nasdaq up over 1% due to the surge in technology stocks, Asian markets show positive gains with Japan's Nikkei 225 rising 1.05%, and European markets are higher as the tech sector gains ahead of the U.S. Federal Reserve's Jackson Hole gathering, while crude oil prices decrease slightly.
Asia-Pacific markets fell ahead of the Jackson Hole meeting as investors anticipated signals on U.S. monetary policy, with Japan's Nikkei 225 leading losses, while Meituan shares dipped after a weaker Q3 outlook.
Asia-Pacific markets rise as investors anticipate China's August factory activity data, with the country's manufacturing sector expected to contract for the fifth consecutive month, while US stocks gain due to positive economic data and revised GDP growth figures.
World shares are on track for their biggest monthly drop since February, as China's factory sector remains in contraction and investors await key economic data from the U.S. and eurozone; meanwhile, oil prices are set for their largest monthly rise since January 2022.
Asian stock markets mostly lower as Japanese factory activity and Chinese service industry growth weaken, while Wall Street's benchmark S&P 500 rises on hopes that economic data will convince the Federal Reserve that inflation is under control.
Disappointing economic data in Asia-Pacific markets, overinvestment in China, and Chinese electric vehicle companies expanding in Europe are among the key factors impacting global markets, while the price of bitcoin remains volatile with conflicting predictions about its future.
Most Asian stocks fell on Tuesday due to concerns over slowing growth in China, a property sector meltdown, and hot inflation readings, which raised concerns over higher interest rates. Chinese stocks were the worst performers, with investors growing impatient with Beijing's slow approach to stimulus measures.
The Dow Jones Industrial Average fell after weak economic data from China, while U.S. oil prices rose and Tesla's stock gained due to increased sales in China.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
Asia stocks fall as weak economic data in China and Europe raise concerns over global growth, while the dollar strengthens as investors assess the outlook for U.S. interest rates.
Asia-Pacific markets were mostly lower on Thursday, following a sell-off on Wall Street and as investors assess trade data from China and Australia, with Chinese imports and exports falling less than expected.
Asian shares fell and the dollar's rally stalled as the greenback weakened against most major currencies; concerns over Apple's iPhone sales in China and the expansion of a ban on iPhones in sensitive departments in China to government-backed agencies and state companies also weighed on sentiment.
China's property shares are declining and tech shares are underperforming, leading to a slide in the Asian market, while the European market waits for monetary policy decisions from the ECB and the Bank of England.
Asian markets experienced mixed results, with Australia's S&P/ASX 200 falling and Hong Kong's Hang Seng index dropping by about 1%, while Japan's markets were marginally positive; tech investor Paul Meeks plans to buy tech stocks after the correction, and Federal Reserve officials are feeling less urgency for another interest rate hike due to improved inflation data. Additionally, Apple shares fell amid China concerns but an analyst is holding off on shorting the stock, Morgan Stanley upgraded Tesla stock due to its autonomous driving supercomputer, HSBC revealed its "must see stocks" in the UK, and consumer discretionary stocks gave the S&P 500 an upward push.
Global markets ended higher as energy stocks climbed supported by Saudi Arabia and Russia's decision to extend supply cuts, while Wall Street's key indexes saw weekly declines due to investor concerns over interest rates and anticipation of upcoming U.S. inflation data. In Asian markets, Japan's Nikkei 225 ended down, Australia's S&P/ASX 200 was up, and Chinese shares rose following improved data on consumer price inflation. The Eurozone's economic growth outlook has been downgraded by the European Commission, and crude oil prices fell.
Asian stock markets fell as Wall Street experienced a decline, with investors preparing for key US inflation data, and a spike in oil prices added to concerns about persistent price pressures and the interest rate outlook.
Asia-Pacific markets rallied after China's August economic data exceeded expectations, with retail sales and industrial production showing stronger growth, although fixed asset investment fell slightly below forecast; meanwhile, the US stock market also ended higher as producer prices increased more than expected.
China's stock market has slumped due to worrying economic data including falling prices, missed expectations in retail sales and industrial production, and plunging real estate investment, leading analysts to express concerns about an impending downward spiral in the Chinese economy.
Summary: U.S. stocks slumped amid mixed sentiment about the economy, with only the Dow Jones Industrial Average rising for the week, while Asia-Pacific markets mostly fell, and China's venture capital investment dropped by 31.4% compared to 2022 due to its sluggish economy and geopolitical tensions discouraging foreign investors.
Asia-Pacific markets fell as traders awaited the Reserve Bank of Australia's policy meeting minutes, while European markets were weighed down by a spike in corporate lending rates; meanwhile, Goldman Sachs predicts that the Fed is done hiking this year and the recent increase in oil prices could benefit London's prime office real estate market.
Asia-Pacific markets are expected to continue declining as investors wait for China's loan prime rates and the U.S. Federal Reserve's rate decision, while oil prices rise due to supply concerns and all 11 sectors in the S&P 500 trade down.
Asia-Pacific markets fell after the U.S. Federal Reserve projected a rate hike, while New Zealand's GDP exceeded expectations, Hybe shares slid despite BTS contract renewals, and analysts identified Chinese internet stocks with potential. Also, the Fed left rates unchanged but expects one more hike this year, Cathie Wood praised an AI company, analysts favored small-cap stocks, and interest rate markets signaled a delay in future rate cuts.
Asia-Pacific markets fell as the Bank of Japan kept rates unchanged and noted a "moderate recovery" in the economy, while Japan's private sector activity expanded at its slowest pace since February and the country's August inflation rate remained above the BOJ's target for the 17th straight month.
Chinese stocks defy regional declines as tech stocks rise, while the 10-year Treasury yield slightly decreases from a 16-year high; US futures tick higher following a 1.6% slide in the S&P 500; bond yields rise in Australia and New Zealand after positive US labor market data; and India's sovereign debt is set to be included in JPMorgan's benchmark emerging-markets index.
Summary: Asian shares were mostly lower on Monday as concerns over China's property sector, the US government shutdown, and the ongoing strike by American autoworkers weighed on investor sentiment, while Tokyo's market advanced and oil prices edged higher.
Asian shares fall due to concerns over interest rates, inflation data, and China's economy, while bond investors face the impact of the US Federal Reserve's more hawkish rate projections.
Asia-Pacific markets mostly decreased despite a rebound on Wall Street, with Japan's Nikkei 225 and Australia's S&P/ASX 200 experiencing losses, while the Kospi in South Korea and the Kosdaq in Hong Kong saw mixed results; in European luxury sectors, Bank of America upgraded three stocks that are deviating from negative trends; Moody's warns that a U.S. government shutdown would have a negative impact on credit; analysts have mixed opinions on the investment potential of tech giant Meta; Amazon's shares increased by 1.2% following its announcement of a major investment in AI startup Anthropic; the Federal Reserve suggests that interest rates may soon stabilize but at a higher level than expected; Chevron's CEO predicts that oil prices could reach $100 per barrel.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
Asia-Pacific markets mostly fell due to an increase in Treasury yields and oil prices, leading to a decline in investor sentiment on Wall Street, with Hong Kong's Hang Seng index sliding 1.41% after shares of Evergrande were suspended.
Asian markets may receive a boost from the U.S. Congress' last-minute deal to prevent a government shutdown, but mixed Chinese purchasing managers index data and a struggling economy may dampen sentiment.
Summary: The U.S. stock market had a bad quarter, with all indexes falling, while the World Bank lowered its growth forecast for developing economies in East Asia and the Pacific, and China's demand for commodities continues to grow despite the downgrade. Additionally, a last-minute spending bill was passed to avoid a government shutdown, and this week's focus will be on the labor market.
Stock markets ended mixed as investors processed the effects of the U.S. inflation report on the Federal Reserve's interest rate policy, with the S&P 500 declining by 0.27% and the Nasdaq Composite gaining 0.14%; in Asian markets, Japan's Nikkei 225 settled lower by 0.31% while Australia's S&P/ASX 200 slid 0.22%; in Europe, the STOXX 600 index was down 0.42% with Germany's DAX declining 0.25%, France's CAC 40 sliding 0.36%, and the U.K.'s FTSE 100 trading lower by 0.45%; and in commodities, Crude Oil WTI and Brent gained 0.82% and 0.89% respectively, while Gold traded lower by 0.88%.
The US markets traded mixed, with the Dow Jones Industrial Average dipping, while the small-cap Russell 2000 turned negative for the year; Asia-Pacific markets also fell, with Japan's Nikkei 225, Australia's S&P/ASX 200, and Hong Kong's Hang Seng Index experiencing losses; Southeast Asian countries are expected to drive demand for liquified natural gas (LNG) by 2030, particularly Vietnam due to its power plan prioritizing imported LNG; The British pound experienced its worst month in a year, falling 3.75% against the US dollar; Microsoft CEO Satya Nadella testified in federal court about Google's dominant influence over web publishing; The Russell 2000's negative performance suggests potential declines for stocks later in the year, although financials' sensitivity to interest rates may impact its accuracy as an economic indicator.
Asian shares rise as oil prices decline, easing inflationary pressures and boosting market sentiment, with benchmarks in Tokyo, Sydney, Seoul, and Hong Kong all advancing.
Asian shares mostly fell amid concerns about the U.S. banking system and Chinese economic growth, with Japan's Nikkei 225 down 0.2% and Hong Kong's Hang Seng down 0.4%, while China's export data showed the sharpest decline in three years. Bank stocks in the U.S. also fell after Moody's cut credit ratings for 10 smaller and midsized banks, citing concerns about their financial strength in light of higher interest rates and the work-from-home trend. The Federal Reserve's efforts to combat inflation by raising interest rates have led to a slowdown in the economy and hit banks hard.
Asian markets fall as inflation data raises expectations of Federal Reserve rate hikes; Australian, South Korean, and Japanese shares slip, and the Golden Dragon index of Chinese companies listed in the U.S. records its biggest drop in a month.
Asia-Pacific markets are expected to rise as investors await the release of minutes from Australia's central bank and assess New Zealand's inflation data, while in the US, all three major indexes experienced gains, with the Dow Jones Industrial Average having its best day since September.
Shares fall in Asia and US futures also decrease after China reports a slowdown in its economy due to weak global demand for exports and a struggling property sector.
The U.S. stock markets decreased due to rising Treasury yields and investor evaluations of corporate earnings, while Asian markets, including Japan's Nikkei 225 and Australia's S&P/ASX 200, also experienced declines; the European STOXX 600 index and Germany's DAX also decreased, while crude oil, gold, and silver prices fell.
Asian markets fell and oil prices rose as concerns about a potential ground invasion in Gaza by Israel increases the risk of a wider conflict in the Middle East, compounded by the Federal Reserve indicating a pause in interest rates but leaving the possibility of future hikes.
Asian stock markets fell on Friday, following the lead of U.S. markets, as bond yields increased and Federal Reserve Chairman Jerome Powell's remarks weighed on equities; South Korea's KOSPI Composite Index and Hong Kong’s Hang Seng Index were among the top losers, while Japanese inflation data showed price rises easing but still above the Bank of Japan's target rate of 2%.
Most Asian stocks continue to decline due to weak business activity in Japan and Australia, although Chinese markets rebounded as a state-run fund started buying equities; sentiment remains weak due to concerns over the Israel-Hamas war.
