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Asia Markets Slip Ahead of Key Central Bank Meetings; UMich Sentiment Drops on Inflation Worries

  • Asia-Pacific markets slipped Monday ahead of central bank decisions this week, including the U.S. Federal Reserve on Thursday.

  • The Bank of Japan concludes its monetary policy meeting Friday, with traders looking for signals on shifting its ultra-easy policy.

  • CNBC Pro China's AI applications are ramping up, presenting opportunities where monetization matters.

  • CNBC Pro Bank of America names 2 European chip stocks as top picks into year-end, with one expected to rise over 60%.

  • The University of Michigan's consumer sentiment survey showed inflation outlooks plunging to lowest levels since early 2021.

cnbc.com
Relevant topic timeline:
### Summary - European stocks rebound after a drop last week, while bond yields rise ahead of the Fed's Jackson Hole event. - China's smaller-than-expected rate cuts and weak economic data disappointed investors. ### Facts - 📈 European stocks edge higher after last week's rout. - 📉 China stocks hit a 9-month low as rate easing underwhelms. - China's central bank trims its one-year lending rate by 10 basis points, while leaving its five-year rate unchanged. - Expectation remains for further stimulus from China. - Asian shares decline due to disappointment, with Chinese blue chips falling to a nine-month low. - Energy companies outperform as oil prices rise. - Oil prices edge higher after a seven-week winning streak. - Bond market sell-off leads to higher government borrowing costs. - U.S. Treasury yields continue to rise, with the 30-year yield touching a fresh 12-year high. - The U.S. Federal Reserve's Jackson Hole conference is the key event for the week. - Markets anticipate that Fed Chair Jerome Powell will address rising yields and strong economic data. - Polls indicate that a majority of analysts believe the Fed is done hiking rates. - Traders bet on a just under 40% chance of a final Fed hike by November. - U.S. dollar trades flat after five weeks of gains. - Gold prices affected negatively by the rise of the dollar and yields. - Prices for liquefied natural gas (LNG) supported by a potential strike at Australian offshore facilities. - Dutch payments processor Adyen's shares drop amid concerns over weak earnings. - Earnings from Nvidia will be closely watched. Note: The given content contains parts that do not match the provided date range.
Asian stocks were mixed as traders awaited the Federal Reserve's summer conference for indications on inflation control and interest rate hikes, with investors warned of potential surprises.
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.
Asian stocks rise as traders await signals on interest rate plans from the Federal Reserve conference, with hopes that further rate hikes will be ruled out but concerns about inflation persisting.
Asian markets are expected to follow the global trend of weakness in stocks, a buoyant dollar, elevated bond yields, and souring investor sentiment, with no major catalysts to change the current market condition.
Asia-Pacific markets rise ahead of central bank rate decisions from South Korea and Indonesia, while South Korea's producer price index grows at a slower pace for the 13th consecutive month.
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.
The Bank of Japan surprised financial markets by announcing "greater flexibility" in its monetary policy, specifically loosening its yield curve control, which has led to speculation about a potential tightening of monetary policy and the end of the policy measure.
Shares in Asia are set to rise as US economic reports indicate slowing growth and the possibility of a more cautious approach by the Federal Reserve, with investors adopting a "bad news is good news" strategy.
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.
Asia-Pacific markets are expected to have a mixed start to the week as investors await key data from Australia and China, while in the US, the unemployment rate rose to 3.8% in August and traders are betting that the Federal Reserve may not raise rates further this year. Additionally, the highly anticipated IPO of Softbank-backed Arm is expected to arrive later in the month.
Asia-Pacific markets fell ahead of Australia's central bank's rate decision, as well as inflation and business activity readings from across the region, while Singapore appoints Chia Der Jiun as the next managing director of the Monetary Authority of Singapore starting on January 1.
Asia-Pacific equity markets finished mixed, with Australia's ASX All Ordinaries and South Korea's KOSPI falling, while Taiwan's TAIEX and Hong Kong's Hang Seng declined slightly; European markets are flat to lower, and U.S. equity futures point to a lower open.
Asia stock markets are softer ahead of U.S inflation data, with investors looking for signals about the Federal Reserve's next moves on interest rates.
The Bank of Japan has signaled a possible early end to its easy money stance, with the central bank considering interest rate hikes and an early end to its bond-buying policy, which caught markets off guard and caused the yen to surge and Japanese government bond yields to reach a 9-year high.
Summary: Asian shares mostly decline as investors await U.S. consumer price data and the Federal Reserve's decision on interest rates.
Speculation is growing that the Bank of Japan may be moving away from ultra-loose policy and negative interest rates, with its policy meeting being the highlight of the week in Asian markets.
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.
Stocks slip as investors await the Federal Reserve's policy meeting and the start of Instacart's IPO trading, with focus on interest rates and inflation.
China is expected to maintain its benchmark lending rates as oil prices rise and market sentiment is affected; meanwhile, the Federal Reserve's policy meeting, Japan's trade data, and the United Nations General Assembly will also influence Asian markets.
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.
Asian markets will be influenced by three monetary policy decisions in Asia and the Bank of England's decision on interest rates, as investors react to the Federal Reserve's policy decision and revised forecasts.
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.
Equity markets in Asia are expected to face selling pressure due to worsening risk sentiment and concerns about higher interest rates signaled by the Federal Reserve, leading to declines in U.S. stocks and a fall in futures for benchmarks in Australia and Japan.
Asian stocks dipped across the board as investors interpreted the US Federal Reserve's latest policy statements as signaling higher-for-longer interest rates.
Equity markets in Asia are expected to open lower following a sharp decline in U.S. stocks, with futures in Japan, Hong Kong, and Australia all pointing to declines; meanwhile, India's benchmark stock indices declined for the third consecutive day after the U.S. Federal Open Market Committee (FOMC) kept the interest rate unchanged but signaled the possibility of another rate hike in 2023.
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.
Asian markets begin the last week of the quarter battered by the surge in U.S. bond yields, with investors hoping for a rebound and closely watching the U.S. bond market.
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 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.
Asia-Pacific equity markets closed lower, with India's SENSEX, Taiwan's TAIEX, Australia's ASX All Ordinaries, Japan's Nikkei, and Hong Kong's Hang Seng all declining, while European markets are down in midday trading and U.S. equity futures point to a flat to positive open as investors remain focused on the 10-year Treasury yield and await comments from Fed officials later in the week.
Asia-Pacific markets rise as U.S. Treasury yields ease from 16-year highs following weak jobs data, with Japan, South Korea, and Australia all trading higher, while Hong Kong's Hang Seng index looks set for a rebound after losses on Wednesday; Carter Worth, CEO of Worth Charting, predicts lower interest rates and stocks by the end of 2023, contrary to consensus forecasts, while Vanguard's Aliaga-Diaz believes there is a limit to how high yields will go due to rate uncertainty; oil prices fall sharply, hitting their lowest level since September 5.
Asian markets prepare for the release of the U.S. payrolls report, while also focusing on data from Japan and the Reserve Bank of India's interest rate decision.
Asia-Pacific markets are expected to have a positive start to the week, with Chinese markets returning from a week-long holiday and investors watching inflation readings and trade data from China and India, as well as a monetary policy decision from Singapore's central bank. In Australia, the S&P/ASX 200 is up after a five-day losing streak, while futures for Hong Kong's Hang Seng index point to a stronger open. However, the outbreak of war between Israel and Palestine has affected stock futures and led to higher oil prices. There is also an increased likelihood of the Federal Reserve raising interest rates by the end of the year, causing utilities stocks to sink as investors find short-term Treasuries more attractive.
Asian markets are expected to start positively due to a slump in U.S. bond yields and comments from Federal Reserve officials signaling the end of interest rate hikes, despite concerns in China's property sector and other economic indicators.
Asian markets are expected to have a positive start on Wednesday, driven by a slump in U.S. bond yields and comments from Atlanta Fed President Raphael Bostic suggesting that the Federal Reserve has finished raising rates, easing concerns and boosting risk appetite.
Asia's stock markets rise on stimulus hopes in China and strong earnings in South Korea, while the dollar retreats as Federal Reserve officials adopt a dovish tone on interest rates.
Asian shares rise as markets bet that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders await the U.S. consumer inflation report for further monetary policy clues.
Asian shares slide on stronger-than-expected U.S. consumer prices, increasing the likelihood of the Federal Reserve keeping rates higher for longer.
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.