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Asia-Pacific Markets Mixed as Japan GDP Revised and China Inflation Data Looms
Asia-Pacific markets opened mixed as investors reacted to Japan's revised GDP and awaited China's inflation data. Japan's Nikkei 225 rose 0.5% following a GDP revision to 0.3%, while South Korea's Kospi fell 1.6% amid political turmoil. In the U.S., the S&P 500 and Nasdaq reached record highs, buoyed by positive jobs data, while the Dow slipped 0.28%.
mall and mid caps lead market gains as big tech falters
Major U.S. indexes ended the week positively, with small- and mid-cap stocks outperforming larger counterparts despite declines in tech giants like Nvidia and Alphabet. The Russell 2000 rose 4.5%, reflecting a shift in investor focus towards cyclical sectors and smaller companies. Meanwhile, the People’s Bank of China maintained its lending rate, and developed nations pledged $300 billion annually to combat climate change at COP29.
mall and mid caps shine as major indexes recover from previous dip
Major U.S. indexes ended the week positively, with the Dow Jones up 2% and the Russell 2000 surging 4.5%, as investors shifted focus from large-cap tech to small- and mid-cap stocks. Despite Nvidia and Alphabet facing declines, Amazon's $4 billion investment in AI startup Anthropic highlights ongoing interest in the sector. At COP29, developed nations pledged $300 billion annually to combat climate change, significantly increasing their previous commitment.
asia-pacific markets rise as japan trade data and china rates await
Asia-Pacific markets opened mostly higher, with Japan"s Nikkei 225 and Topix showing slight gains ahead of key trade data. Economists expect Japan"s exports to rise 2.2% year over year, while imports may drop 0.3%. In China, the benchmark lending rates are anticipated to remain unchanged after recent cuts. Geopolitical tensions are influencing market sentiment, particularly following warnings from Russian President Vladimir Putin regarding nuclear thresholds, which coincided with reports of Ukraine striking the Russian border.
markets rally as election results unfold and economic outlook remains strong
U.S. markets rallied as investors awaited election results, with major indexes gaining over 1%. Preliminary results show Donald Trump winning key swing states, while the People's Bank of China plans to support its economy through monetary policy. Analysts suggest focusing on long-term stock opportunities amid potential post-election volatility.
markets rally as investors await us election results and implications
U.S. markets rallied as investors awaited election results, with major indexes gaining at least 1%. While the sitting president's influence on the stock market is limited, individual sectors may react to policy changes. Analysts suggest that any market volatility post-election could present buying opportunities, as the economy remains robust regardless of the election outcome.
asia markets mixed ahead of bank of japan decision and china data
Asia-Pacific markets are poised for a mixed opening as investors await the Bank of Japan's rate decision and China's manufacturing PMI figures. The BOJ is expected to maintain rates at 0.25%, while China's PMI is forecasted at 49.9, indicating continued contraction in the manufacturing sector. In the U.S., tech stocks fluctuated, with Alphabet outperforming expectations, while AMD's shares fell sharply due to disappointing guidance.
nasdaq reaches all time high as other indexes decline amid mixed earnings
The Nasdaq Composite reached an all-time high, closing the week up 0.2%, while the S&P 500 and Dow Jones snapped their six-week winning streaks due to disappointing earnings from major companies. Japan's ruling coalition lost its parliamentary majority, contributing to a weaker yen, while China's industrial profits plummeted 27.1%, marking the steepest decline since the pandemic began. Oil prices fell over 4% amid geopolitical tensions, and investors are looking ahead to a busy week of earnings reports and economic data.
nasdaq reaches all time high as other indexes decline amid mixed earnings
The Nasdaq Composite reached an all-time high, buoyed by a significant rally in Tesla shares, while the S&P 500 and Dow Jones snapped their six-week winning streaks amid disappointing earnings growth. Japan's ruling coalition lost its parliamentary majority, causing the yen to weaken against the dollar. Waymo raised $5.6 billion to expand its robotaxi service, as investors brace for a busy week of earnings reports from major tech companies.
rising treasury yields weigh on us stocks as earnings mixed
U.S. stocks fell as rising Treasury yields weighed on the market, with the S&P 500 down 0.92% and the Dow losing 0.96%. Tesla's shares surged 12% after beating earnings forecasts, while IBM's revenue missed expectations, leading to a 3% drop in its stock. Norges Bank's deputy CEO advised caution in the current geopolitical climate, suggesting more downside risks in equity markets.
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