Asia-Pacific markets opened mostly higher Wednesday ahead of key August inflation data from China.
The mainland's August consumer price index is expected to fall 0.2% from the previous year, according to economists polled by Reuters, and compares with July's flat reading. Meanwhile, the producer price index is expected to fall 2.9% year on year, improving from the 3.6% drop in July.
Japan's Nikkei 225 benchmark opened 0.2% higher, while the Topix index was flat.
Over in Australia, the S&P/ASX 200 opened flat.
Hong Kong's Hang Seng Index was set to open higher, with the futures contract trading at 25,957, against the index's last close at 25,938.13.
South Korea's Kospi index climbed 0.76% in early trade, while the small-cap Kosdaq rose 0.71%. The country's seasonally adjusted unemployment rate rose slightly to 2.6% in August compared with July's 2.5%, according to government data.
U.S. equity futures rose slightly in early Asian hours, as traders looked ahead to the release of the latest producer price index Wednesday stateside and the consumer price index data on Thursday, which will offer more insight into the impact of inflation on the economy.
Overnight, all three key benchmarks in the U.S. closed at all-time highs as investors moved past concerns about disappointing jobs data and bet on Federal Reserve rate cuts.
The S&P 500 index settled up 0.27% at 6,512.61, while the Nasdaq Composite gained 0.37% to end the day at 21,879.49, with the latter hitting a new all-time intraday high as well. The Dow Jones Industrial Average finished up 196.39 points, or 0.43%, at 45,711.34, thanks to a surge in UnitedHealth shares.
Source: CNBC
US stocks edged higher on Tuesday, with the three major averages up around 0.1%, as investors continued to bet on a Federal Reserve rate cut next week. Markets are also awaiting the BLS's preliminary...
European stocks edged higher on Tuesday, extending gains into a second session, with the STOXX 50 up 0.2% and the STOXX 600 advancing 0.5%. Investors weighed a fresh round of corporate news while keep...
Asian stocks rose on Tuesday as positive sentiment on Wall Street ahead of an expected Fed rate cut spilled over into regional trading. Equities in Japan and South Korea rose in morning trading, whil...
Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports likely to influence Federal Reserve policy expectations....
European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the day that lead to the ouster of the country's fifth ...
Silver prices broke through $41 per ounce on Wednesday (September 10), holding near a 14-year high as speculation of an interest rate cut by the US Federal Reserve mounted. On Tuesday, the US Bureau of Labor Statistics reported that the economy...
Gold prices edged higher on Wednesday, holding above the critical $3,600-per-ounce level, buoyed by expectations of a U.S. interest rate cut this month, while key inflation reports due this week were also on investors' radar. Spot gold was up 0.3%...
Silver climbed above $41 per ounce on Wednesday, holding near 14-year highs as traders increased wagers on US Federal Reserve rate cuts. On Tuesday, the Bureau of Labor Statistics reported the US economy likely added 911,000 fewer jobs in the 12...
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...
Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...
Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports...
European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...