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.
The upcoming events include UK Bank Holiday, Australian Retail Sales, Japan Unemployment Rate, US Consumer Confidence, US Job Openings, Australian CPI, US ADP, Japan Retail Sales, Chinese PMIs, ECB Minutes, Eurozone CPI, Eurozone Unemployment Rate, US Jobless Claims, US Core PCE, Swiss CPI, US NFP, US ISM Manufacturing PMI. The US Consumer Confidence is expected to be lower in August compared to July, while the labor market data is the top priority for the Fed and markets. The Australian CPI is expected to show further disinflation. The Chinese Manufacturing PMI is expected to tick higher, and the Eurozone CPI is expected to move lower. The US Jobless Claims are expected to increase, and the US PCE is expected to be higher. The Switzerland CPI is expected to match the prior reading, and the US NFP report is the main event of the week. The US ISM Manufacturing PMI is expected to tick higher.
Traders are expecting a volatile start to the week as policymakers from the US and Europe indicate that interest rates will likely remain higher for a longer period of time, leading to increased yields on bonds and a weakening of the yen.
Asia-Pacific markets started the final trading week of August higher after U.S. Federal Reserve chair Jerome Powell said that inflation remains "too high" and that the central bank is "prepared to raise rates further if appropriate."
Asian markets are expected to open strong, supported by a global equity upswing and lower bond yields, although caution remains due to the latest efforts by Beijing to support the Chinese stock market.
Asian equities rise as weak U.S. labor data suggests the Federal Reserve is done with interest rate hikes, while Chinese stocks gain for a third consecutive day.
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.
UBS reports higher than expected profits, job creation in the US slows, and markets rally on weaker economic data and hope for a pause in interest rate hikes. China's factory activity shrinks but at a slower pace, while retail sales increase. There are opportunities for investors in other Asian markets.
Asian stocks are poised for modest gains as traders consider US jobs data suggesting the Federal Reserve may be close to the end of its tightening cycle.
Summary: European markets are poised for a positive start to the week, influenced by the positive trade in the Asia-Pacific region, while investors keep an eye on German trade balance data and a speech by Christine Lagarde, the President of the European Central Bank. Additionally, Fidelity's China fund is on track to outperform its peers for the second year in a row, Arm aims for a listing price between $47 and $51 per share in its IPO, and the US Department of Labor reports a rise in unemployment and lower-than-expected wage growth in August.
Equities rose on Monday as market participants speculated that the Federal Reserve may be nearing the end of its interest rate hike cycle, following a positive US jobs report and signs of a softening labor market. Additionally, investors were hopeful that China would implement measures to stimulate its economy and property sector.
The coming week is expected to be lighter for investors, with the Federal Reserve's interest rate decision being the highlight, as US markets observe Labor Day and updates on the services sector and corporate earnings are anticipated.
Summary: The US markets ended mixed after the release of the latest jobs report data, with the economy adding 187,000 jobs in August but seeing an increase in unemployment, while in Asia, Japan's Nikkei 225 closed higher, Australia's S&P/ASX 200 was down, and China's Shanghai Composite and Shenzhen CSI 300 declined. Additionally, European markets saw declines, and commodities such as crude oil, natural gas, gold, silver, and copper experienced varying price movements.
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.
Asia-Pacific markets rise despite higher-than-expected inflation in the US, while Australia's S&P/ASX 200 increases as August unemployment numbers match forecasts.
Asian stocks rise as US CPI data solidifies Federal Reserve pause bets, leading to a positive market sentiment and a weaker US Dollar.
Asian markets are expected to finish the week strong due to positive movements in the U.S. and Europe, although the release of economic data from China may dampen the mood, as it includes indicators such as house prices, fixed asset investment, and unemployment. The Chinese government is aiming to support the economy, but doubts remain about reaching the 5% GDP growth target and trade relations with the West continue to deteriorate. However, if investors continue with the bullish momentum from Thursday, these concerns may be temporarily set aside.
Mixed economic reports and market volatility have raised concerns ahead of the Federal Reserve's policy rate meeting, with retail sales exceeding expectations but a decline in consumer sentiment and rising fuel prices signaling a potential weakening in consumer spending; the successful IPO of chip designer Arm Holdings has boosted investor sentiment, while the initiation of the autoworkers' strike has negatively impacted markets; all eyes will be on the Federal Reserve's meeting this week, with investors closely monitoring data for insights into future decisions.
Asia-Pacific markets slipped as investors await central bank decisions, including the U.S. Federal Reserve's announcement on Thursday and the Bank of Japan's meeting on Friday, while Australia's central bank will release its policy meeting minutes on Tuesday and China's central bank is set to release loan prime rate decisions on Friday.
European markets are poised for a negative start to the week as investors await central bank decisions, including the U.S. Federal Reserve's announcement on interest rates and the Bank of Japan's monetary policy meeting, while Australia's central bank and China's People's Bank are also expected to make important releases. Additionally, Bank of America has named two European chip stocks as its "top picks" going into the end of the year.
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.
Investors are more focused on the release of new forecasts from the Federal Reserve, which will reveal their views on the prospect of an economic "soft landing" and the rate environment that will accompany it.
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 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.
