MNI BRIEF:China Optimistic On Property Despite Investment Fall

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

MNI: PBOC Net Injects CNY968.8 Bln via OMO Friday

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

CHINA PBOC CONDUCTS CNY981 BLN VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1992 Fri; +0.72% Y/Y

MNI JAPAN Q3 REAL GDP +0.2% Q/Q; MNI MEDIAN +0.2%

MNI: FED BALANCE SHEET TOTAL ASSETS -$27B TO $6.967T IN WEEK

US EIA: CRUDE OIL STOCKS EX SPR +2.09M TO 429.7M NOV 08 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: Asian Equities Edge Higher, On Track to End 5-Day Losing Streak

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Asian stocks rose, driven by gains in Japanese shares as a weaker yen supported exporters. Chinese stocks in Hong Kong rebounded on stronger-than-expected retail sales growth, reflecting the impact of Beijing's recent stimulus measures. The MSCI Asia Pacific Index gained as much as 0.5% ending a five day losing streak, with tech giants like Samsung, NetEase, and TSMC contributing to the advance. Positive earnings from Japan's largest banks also bolstered market sentiment. However, the region remains on track for a weekly decline due to concerns over a stronger dollar and potential tariff impacts from President-elect Donald Trump's policies.
  • Asia suppliers to Tesla have fallen after Reuters reported Donald Trump plans to eliminate a key consumer tax credit amid at boosting EV adoption in the US.
  • US equity futures have edged lower throughout the session, with Nasdaq the worst performing, down 0.50%, while S&P 500 futures are 0.30% lower.
146 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Asian stocks rose, driven by gains in Japanese shares as a weaker yen supported exporters. Chinese stocks in Hong Kong rebounded on stronger-than-expected retail sales growth, reflecting the impact of Beijing's recent stimulus measures. The MSCI Asia Pacific Index gained as much as 0.5% ending a five day losing streak, with tech giants like Samsung, NetEase, and TSMC contributing to the advance. Positive earnings from Japan's largest banks also bolstered market sentiment. However, the region remains on track for a weekly decline due to concerns over a stronger dollar and potential tariff impacts from President-elect Donald Trump's policies.
  • Asia suppliers to Tesla have fallen after Reuters reported Donald Trump plans to eliminate a key consumer tax credit amid at boosting EV adoption in the US.
  • US equity futures have edged lower throughout the session, with Nasdaq the worst performing, down 0.50%, while S&P 500 futures are 0.30% lower.