MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Equities Higher During APAC Trading Helped By Rate Cut Optimism

EQUITIES

Equity markets have generally followed the US higher in APAC trading today driven by optimism that the start of the Fed’s easing cycle is not too far away. The S&P and Nasdaq e-minis are unchanged in thin trading. The MSCI APEX 50 is up 1.7%.

  • Japan’s Nikkei is 1.2% higher and the Topix +1.1%. While Korea’s KOSPI is +0.1% (held back by the finance sector), the KOSDAQ is +1.1%. Taiwan’s TAIEX is up 0.6%.
  • HK’s Hang Seng is up 1.5% with the tech index rallying 2.3%. China’s CSI 300 has underperformed rising only 0.4% (property +0.3%). China signalled that it may ease restrictions on gaming and that it would create an “initial comprehensive computing power infrastructure system” by end-2025, according to Bloomberg.
  • Australia’s ASX 200 is up 0.9% but down off the intraday high. The NZX 50 did not do as well rising 0.4%.
  • ASEAN is mixed with Indonesia’s Jakarta comp up 0.6%, Singapore’s Straits Times +0.4%, the Malay KLCI +0.2% but the SE Thai flat and the Philippines PSEi down 0.5%.
  • India’s Nifty 50 is 0.5% stronger.
  • There is little on the upcoming US calendar with only the Richmond and Dallas Fed indices for December later.
HomepageEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.