2 weeks Ago
Asia-Pacific markets traded mixed in spite of gains on Wall Street as investors looked toward a slate of to keep propelling the to new heights this week. Japan's added 0.62%, extending gains from the day before.
This comes after after voters cast their ballots on Sunday to determine the control of the lower house, marking the first time since 2009 that Japan's ruling coalition lost its majority. Japan's rate for came in at 2.4%, compared to 2.
5% the previous month. The reading is also slightly lower than Reuters' forecast of a 2.5% climb.
The lost 0.51% while the Kosdaq slipped 0.41%.
Australia's was 0.36% higher. Hong Kong's Hang Seng Index is up 1.
21%, while China's CSI 300 added 0.17% in its first hour of trade. Traders in Asia will also monitor Singapore's unemployment data.
Overnight in the U.S., stocks jumped.
The gained 0.27% to close at 5,823.52.
The advanced 273.17 points, or 0.65%, to end at 42,387.
57. The Nasdaq rose 0.26%, closing at 18,567.
19. This week marks the busiest in the third-quarter earnings reporting season, and is the final week leading up to the U.S.
presidential election on Nov. 5 and the Federal Reserve's policy decision on Nov. 7.
Five of the Magnificent Seven companies — Alphabet, Microsoft, Meta Platforms, Amazon, and Apple — are set to announce their latest financial results this week. Traders will also be eyeing the October jobs report due Friday. Japan's rate for t came in at 2.
4%, compared to 2.5% the month before. The reading is also slightly lower than Reuters' forecast of a 2.
5% climb. The climbed to 1.24 from 1.
23 in August. Still, that's "well below" the pre-pandemic average of 1.6, according to Moody's Analytics.
"The lackluster domestic economy and weak external demand will likely keep employment conditions soft in the coming months," Moody's analysts wrote. Shares of e-commerce giants in China look attractive as Beijing attempts to stimulate domestic consumption, according to investor Jason Hsu. Hsu, founder and chairman of Rayliant Global Advisors, revealed three of his top picks and one he is more cautious about due to company-specific factors.
Hsu said if signs of consumption growth return to China, one of the stocks could double from current levels. Japan's stock market rallied on Monday as the following news that Prime Minister Shigeru Ishiba's ruling coalition had in the nation's parliamentary election. Such a phenomenon raises uncertainties as "we may not know how this new government is going to look like, who the potential coalition partners (are and what the) coalition agreements are going to be," Izumi Devalier, chief Japan economist at Bank of America.
. The pros lay out areas of concern - and opportunities they see - in Japan going forward. sold off more than 6% on Monday, for its worst day in more than two years after Iranian energy facilities were not damaged during Israeli strikes over the weekend.
U.S. futures dropped 6.
13% to close at $67.38 per barrel for its biggest daily loss since July 12, 2022, when the benchmark shed 7.93%.
Futures for global crude benchmark 6.09% to settle at $71.42 per barrel.
For weeks, themselves for an Israeli retaliation following Iran's ballistic missile attack on Oct. 1. Israel on Saturday installations in three provinces There's many ways to slice the data and be optimistic about November.
November has been the best trading month of the year, on average, for the over the last decade and when looking at every year going back to 1950, according to It's also been the strongest month historically in election years. It has also been higher in 11 of the past 12 years. November's trading month begins on Friday.
The S&P 500 is currently slated to finish October with a gain of more than 1%. Stocks tied to the price of jumped on Monday as the flagship cryptocurrency moved above $69,000, after briefly touching the level a week ago. Crypto exchange operator added 4%.
Bitcoin price proxy advanced more than 5%. Both companies are scheduled to report their quarterly earnings on Wednesday. Bitcoin miners rose 6% and gained 5%.
Bitcoin has been trying to reclaim the $70,000 level since hitting its record in March above $73,000. Earlier attempts this year have led to brief forays above $70,000, but it has not touched the level since June. Some say that with the U.
S. presidential election drawing nearer..
