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Stock market today: Wall Street drifts lower … – Associated Press News
Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the impact of tariffs being imposed by the United States and china. Futures for the S&P 500 were off 0.4%, while technology stocks dragged Nasdaq futures down 0.8% before the bell.
Stock market today: Asian shares mixed as …- Associated Press News
Stock market today: Most of Wall Street rises as earnings reporting season ramps up calm returns to Wall Street, and US indexes make only modest moves On Wall Street, the S&P 500 rose 0.36%, while the Dow Jones Industrial Average fell 0.28% and the Nasdaq composite gained 0.51% on Thursday.Stock market today: Global shares rise following Wall Street rally on…
Global shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies. … In Asia, Japan’s benchmark Nikkei 225 gained 0.6% to finish at 39,066.53. … Stock market today: Most of Wall Street rises as earnings reporting season ramps up.
Additional Data:
- Consumer Price Inflation in China: Consumer price inflation rose 0.7% in January on a month-on-month basis,slightly slower than expected,and rose 0.5% annually,the highest since August.
- Producer Prices in China: Producer prices fell at a 2.5% annual rate, much faster than the -2.3% consensus view in a poll.
- Bond Yields and Currency in Japan: The two-year government bond yield is the highest since 2008, and the yen has appreciated 5% in a month.
- Financial Conditions in Japan: According to Goldman sachs,financial conditions in Japan are now the tightest in five months.
- Key Developments for Asian Markets on Monday:
– Taiwan’s TSMC monthly sales (January)
– Japan trade (December)
- Japan current account (December)
By Jamie McGeever, editing by Diane Craft
Additional Data:
- Consumer Price Inflation in China: Consumer price inflation rose 0.7% in January on a month-on-month basis, slightly slower than expected,and rose 0.5% annually, the highest as August.
- Producer Prices in China: Producer prices fell at a 2.5% annual rate, much faster than the -2.3% consensus view in a poll.
- Bond Yields and Currency in Japan: The two-year government bond yield is the highest as 2008, and the yen has appreciated 5% in a month.
- Financial Conditions in Japan: According to Goldman Sachs, financial conditions in Japan are now the tightest in five months.
- Key Developments for Asian Markets on Monday:
- Taiwan’s TSMC monthly sales (January)
- Japan trade (December)
- Japan current account (December)
Interview
Editor: Jamie McGeever, editing by Diane Craft.
Editor: Can you provide some insights on the latest consumer price inflation data from China?
Guest: Certainly. The recent data from China indicates that consumer price inflation rose by a modest 0.7% year-on-year in January. However, it is worth noting that the month-on-month increase was slower than initially forecasted. The annual inflation rate of 0.5% is also remarkable as it is indeed the highest figure we have seen as august. This suggests some underlying inflationary pressures that need to be monitored closely.
editor: Turning to producer prices, how significant is the drop in producer prices in China?
Guest: The drop in producer prices in China is significant. Producer prices fell at an annual rate of 2.5%,much more drastically than the -2.3% that economists had anticipated. This indicates that there is considerable deflationary pressure in China’s manufacturing sector, which could affect overall economic growth and business investment.
Editor: Can you offer some thoughts on the recent trends in bond yields and currency movements in Japan?
Guest: The two-year government bond yield in Japan has risen significantly, reaching levels not seen as 2008. This increase in yields could be indicative of changing monetary policy expectations. Additionally, the yen has appreciated by nearly 5% within the span of a month.This gratitude of the yen could impact Japanese exports and influence global trade dynamics, notably for countries that compete with japan in international markets.
Editor: How do the current financial conditions in Japan impact the overall economic outlook?
Guest: According to Goldman Sachs, financial conditions in Japan are currently the tightest they have been in five months. This tightness could limit consumer spending and business investment, perhaps slowing down economic growth. Tighter financial conditions may also affect the effectiveness of monetary policy, making it more challenging to stimulate the economy via conventional means.
Editor: Looking ahead, what key developments in Asian markets should we watch out for this upcoming week?
Guest: There are several key developments to keep an eye on. Firstly, Taiwan’s TSMC, the world’s largest semiconductor manufacturer, will release its monthly sales data for January. This will be a critical indicator for the semiconductor industry, which has been navigating a global chip shortage.Secondly, Japan’s trade and current account data for December will provide insights into the country’s economic health and trade balance. These figures will help assess the impact of the yen’s appreciation on Japanese exports and imports.
