Latest news with #PiaSingh
CNBC
3 days ago
- Business
- CNBC
Asia markets set to open higher as investors await a slew of data releases
Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets are set to mostly climb Monday, with investors watching a slew of data points, including South Korea's and Japan's industrial output figures for May and China's purchasing managers' index readings for June. Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 40,725 while its counterpart in Osaka last traded at 40,580, against the index's Friday close of 40,150.79. Australia's S&P/ASX 200 is slated to start the day higher, with futures tied to the benchmark at 8,521, compared to its last close of 8,514.20. Futures for Hong Kong's Hang Seng index stood at 24,182, pointing to a weaker open compared to the HSI's last close of 24,284.15. U.S. equity futures rose in early Asia hours before the year stretches into the second half. All three key benchmarks on Wall Street rose sharply in last Friday's session. The broad-based S&P 500 hit a new record in more than four months after ending the session about 0.5% higher at 6,173.07 — overtaking its previous record of 6,147.43. The Nasdaq Composite also reached an all-time high, closing at a record after adding about 0.5%, while the Dow Jones Industrial Average rose nearly 1%. The three benchmarks have staged a sharp recovery this month from the lows seen in April during the height of trade policy tensions. The whipsaw of global trade negotiations can quickly sway market sentiment and pose an ongoing threat to the strength of this rally. — CNBC's Pia Singh contributed to this report.
CNBC
16-06-2025
- Business
- CNBC
Asia-Pacific markets set to open subdued as Israel-Iran tensions dent investor sentiment
Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets were set to open subdued Monday, as the escalating Israel-Iran tensions weigh down investors' sentiment. Oil prices jumped as Israel and Iran exchanged strikes, while gold prices rallied, as investors sought refuge in the safe haven metal with equity markets sliding globally. The attacks continued over the weekend. Futures for Japan's benchmark Nikkei 225 in Chicago were at at 38,170, while their counterpart in Osaka last traded at 38,070, against the index's Friday close of 37,834.25. Futures for Hong Kong's Hang Seng index stood at 23,739, pointing to a weaker open compared to the HSI's last close of 23,892.56. Australia's S&P/ASX 200 is set to open marginally higher, with futures tied to the benchmark at 8,566 compared to its last close of 8,547. — CNBC's Pia Singh and Darla Mercado contributed to this report.
CNBC
12-06-2025
- Business
- CNBC
Asia-Pacific markets set to open higher, tracking Wall Street gains
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 Friday, tracking gains on Wall Street following a batch of economic data that pointed toward a solid U.S. economy. Futures for Japan's benchmark Nikkei 225 in Chicago were at 38,220 while their counterpart in Osaka last traded at 38,170 compared with the index's Thursday close of 38,173.09 Futures for Hong Kong's Hang Seng index last traded at 24,178, compared with the HSI's last close of 24,035.38. Australia's S&P/ASX 200 was also set to start the day higher, with futures tied to the benchmark at 8,605, compared to the index's close of 8,565.1 in the previous session. U.S. stock futures ticked lower but major stock benchmarks were on course to end the week on a positive note. U.S. producer prices in May rose just 0.1% from the previous month, coming in cooler than the 0.2% jump expected by economists surveyed by Dow Jones. The softer reading helped boost major stock indexes, while bond yields declined, improving investor sentiment. This followed a cooler-than-expected consumer inflation report earlier in the week. Overnight stateside, all three key benchmarks closed higher. The S&P 500 rose, helped by a rally in Oracle that lifted the big tech sector. The benchmark climbed 0.38% to close at 6,045.26. The broad market S&P 500 now sits less than 2% off its record high. The Nasdaq Composite gained 0.24% and ended the day at 19,662.48. The Dow Jones Industrial Average added 101.85 points, or 0.24%, settling at 42,967.62. — CNBC's Lisa Kailai Han, Pia Singh, Sean Conlon contributed to this report. The major averages closed Thursday's trading on a positive note. The S&P 500 added 0.38%, ending at 6,045.26. The advance brings the broad market index less than 2% off from its February record high. The Nasdaq Composite gained 0.24% to close at 19,662.48. Finally, the Dow Jones Industrial Average added 101.85 points, or 0.24%, settling at 42,967.62. — Darla Mercado
CNBC
05-06-2025
- Business
- CNBC
Asia-Pacific markets set to open mixed as weak private sector hiring in the U.S. dents investor sentiment
Varanasi, also commonly known as Benares or Banaras and Kashi , is a city situated on the banks of the River Ganges in the Indian state of Uttar Pradesh, 320 kilometres (199 mi) southeast of state capital Lucknow. It is regarded as a holy city by Buddhists and Jains, and is the holiest place in the world in Hinduism (and center of earth in Hindu Cosmology). It is one of the oldest continuously inhabited cities in the world and probably the oldest of India Buena Vista Images | Photodisc | Getty Images Asia-Pacific markets were set to mostly fall Thursday, after private sector hiring in the U.S. hit its lowest level in over two years, raising concerns that trade policy uncertainty could be weighing on the superpower's economy. A report from payrolls processing firm ADP showed that payrolls rose only 37,000 for the month, less than the downwardly revised 60,000 in April and below the consensus forecast of 110,000 that economists polled by Dow Jones had forecast. Japan's benchmark Nikkei 225 was set to fall at the open, with the futures contract in Chicago at 37,550 while its counterpart in Osaka last traded at 37,560 against the index's Wednesday close of 37,747.45. Futures for Hong Kong's Hang Seng index stood at 23,666 pointing to a flat open. HSI had closed at 23,654.03 in the previous session. Australia's S&P/ASX 200 was set to start the day higher, with futures tied to the benchmark at 8,564, compared to its last closer of 8,541.80 Investors will be keeping a close watch on Indian markets as the Reserve Bank of India starts its two-day policy meet, with markets expecting the central bank to cut its benchmark interest rate by a quarter-percentage point to 5.75% on Friday. — CNBC's Pia Singh, Sean Conlon and Sarah Min contributed to this report.
CNBC
04-06-2025
- Business
- CNBC
Stocks making the biggest moves premarket: Dollar Tree, CrowdStrike, Wells Fargo, Constellation Energy and more
Check out the companies making headlines in premarket trading. Dollar Tree — The budget retailer slid about 4% after saying earnings per share could decline by as much as 50% in the current quarter, parly due to cost pressures from tariffs. Analysts polled by FactSet expected per-share earnings to fall just 2%. Thor Industries — The RV maker jumped about 12% after posting stronger-than-expected earnings for the fiscal third quarter and reaffirming full-year guidance. Thor earned $2.53 per share on revenue of $2.89 billion, while analysts surveyed by FactSet anticipated $1.79 and $2.61 billion, respectively. Hewlett Packard Enterprise – Shares jumped more than 7% after sales and profit at the data storage and networking services provider topped analyst estimates and it raised its profit outlook, expecting to take a smaller hit from tariffs than previously expected and saying most of its products comply with the U.S.-Mexico-Canada free trade deal. In the latest quarter, HPE earned an adjusted 38 cents per share on revenue of $7.63 billion, above analysts' consensus 32 cents per share on $7.45 billion, according to LSEG. CrowdStrike — The cybersecurity stock tumbled about 7% after saying it expects current quarter revenue of between $1.14 billion and $1.15 billion, missing the consensus forecast of $1.16 billion from analysts polled by LSEG. First quarter revenue matched analyst estimates at $1.10 billion. Asana — The enterprise software provider dropped 12%. First-quarter earnings of 5 cents per share, excluding items, on revenue of $187 million, topped analysts' estimates of 2 cents and $186 million, according to LSEG. The stock had run up 17% in the past month. Guidewire Software — The insurance technology provider climbed about 14% after fiscal third quarter earnings exceeded Wall Street estimates, coming in at 88 cents per share, excluding one-time items, on revenue of $294 million, while analysts surveyed by LSEG anticipated 46 cents and $284 million, respectively. Wells Fargo — The money center bank rose nearly 3% after the Federal Reserve removed an asset cap dating back to 2018 on the San Francisco-based lender Wells Fargo. The regulatory restriction had limited the bank's growth while it revamped its governance and risk management following several controversies. Constellation Energy — Shares lost nearly 3% after Citigroup downgraded to neutral from buy. Citi's call came after Constellation agreed Tuesday to sell nuclear-generater power to Meta Platforms as part of a 20-year contract. — CNBC's Pia Singh and Jesse Pound contributed reporting
