MNI: UK DEC FLASH MANUF PMI 47.3 (FCST: 48.5); NOV 48.0

MNI: EUROZONE DEC FLASH MANUF PMI 45.2 (FCST:45.3); NOV 45.2

MNI: GERMANY DEC FLASH MANUF PMI 42.5 (FCST: 43.1); NOV 43.0

MNI BRIEF: China To Target Consumption Via Special Debt Issue

MNI Brief: China Expected To Achieve 2024 Economic Goals - NBS

MNI BRIEF: China Nov Retail Sales Unexpectedly Slow

MNI: FRANCE DEC FLASH MANUF PMI 41.9 (FCST:43.0); NOV 43.1

CHINA NOV INDUSTRIAL OUTPUT +5.4% Y/Y VS MEDIAN +5.5% Y/Y: NBS

JAPAN DATA: Japan October Machine Orders +2.1% M/M

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: Stocks Edge Lower Following China Data, Upcoming Central Bank Meetings

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Asian markets fell broadly today, weighed down by disappointing Chinese retail sales data, which grew just 3% y/y, missing expectations of 5%. China’s CSI 300 declined for a second consecutive session, dragging down Hong Kong stocks, while sentiment in Australia was hit by falling iron ore prices, pulling the ASX lower for a fifth straight day. South Korea's equities erased earlier gains following political uncertainty from President Yoon's impeachment, though analysts see limited long-term economic impact.
  • The MSCI Asia gauge slipped as traders adopted a cautious stance ahead of a busy week of central bank decisions, including the Federal Reserve, Bank of Japan, and Bank of England. Meanwhile, the dollar steadied near recent highs, Asian currencies weakened to a two-week low, and Bitcoin reached a new record high amid continued optimism.
  • Japanese equities were mostly lower today with investors remaining cautious ahead of key central bank meetings, including the Bank of Japan’s policy decision later this week. The TOPIX 0.20% lower, while the Nikkei is flat, exporters traded slightly better as the yen weakened a touch. While a rally on Friday for semiconductor stocks has done little to help Tokyo Electron which trades 0.50% lower.
  • Taiwan's Taiex has pared earlier gains to trade flat as TSMC gives back some gains. There has been decent size selling of  South Korean equities by foreign investors today, with a total outflow of $322m, the KOSPI is 0.36% lower, while the KOSDAQ is 0.67% higher.
  • Australian mining stocks weighed on the ASX, with BHP, Rio Tinto, and Fortescue falling, while gold miners also declined as precious metal prices dipped, the ASX down 0.65%. New Zealand NZX 50 closed 0.34% higher.
272 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 markets fell broadly today, weighed down by disappointing Chinese retail sales data, which grew just 3% y/y, missing expectations of 5%. China’s CSI 300 declined for a second consecutive session, dragging down Hong Kong stocks, while sentiment in Australia was hit by falling iron ore prices, pulling the ASX lower for a fifth straight day. South Korea's equities erased earlier gains following political uncertainty from President Yoon's impeachment, though analysts see limited long-term economic impact.
  • The MSCI Asia gauge slipped as traders adopted a cautious stance ahead of a busy week of central bank decisions, including the Federal Reserve, Bank of Japan, and Bank of England. Meanwhile, the dollar steadied near recent highs, Asian currencies weakened to a two-week low, and Bitcoin reached a new record high amid continued optimism.
  • Japanese equities were mostly lower today with investors remaining cautious ahead of key central bank meetings, including the Bank of Japan’s policy decision later this week. The TOPIX 0.20% lower, while the Nikkei is flat, exporters traded slightly better as the yen weakened a touch. While a rally on Friday for semiconductor stocks has done little to help Tokyo Electron which trades 0.50% lower.
  • Taiwan's Taiex has pared earlier gains to trade flat as TSMC gives back some gains. There has been decent size selling of  South Korean equities by foreign investors today, with a total outflow of $322m, the KOSPI is 0.36% lower, while the KOSDAQ is 0.67% higher.
  • Australian mining stocks weighed on the ASX, with BHP, Rio Tinto, and Fortescue falling, while gold miners also declined as precious metal prices dipped, the ASX down 0.65%. New Zealand NZX 50 closed 0.34% higher.