2024-07-29 05:50:08
Markets
Asia
Stocks

Asian Stocks Rise Ahead of Central Bank Meetings

Asian markets saw gains as 3M's strong earnings boosted Wall Street. U.S. inflation rose by 2.5%, pushing oil prices up.

The Japanese yen weakened against the U.S. dollar in anticipation of a potential rate hike by the Bank of Japan. Investors are closely watching global central banks amid expectations of rate cuts and economic data releases from China and Australia.

Hong Kong stocks surged on positive China industrial profits, with eyes on the Politburo meeting. The U.S. dollar strengthened against the Vietnamese dong and the yen amid Middle-East tensions.

Market focus remains on upcoming central bank decisions by the Bank of Japan, Federal Reserve, and Bank of England, alongside earnings reports from tech giants.

Yahoo Finance
29. Juli 2024 um 04:42

Stock market today: Asian stocks track Wall Street gains ahead of central bank meetings

Finance
Economy
Politics
Asian markets up ahead of central bank meetings. 3M's strong earnings lift Wall Street. U.S. inflation data shows 2.5% rise. Oil prices gain. Japanese yen weakens against U.S. dollar in anticipation of BOJ rate hike.
Yahoo Finance
29. Juli 2024 um 10:33

Asian Stocks Kick Off Big BOJ, Fed Week With Gains: Markets Wrap

Finance
Economy
Technology
Politics
Asian stocks rise ahead of central bank decisions, including potential Bank of Japan rate hike and Federal Reserve rate cuts, as well as upcoming economic data from China and Australia. Investors also monitor OPEC+ meeting and Middle East tensions, while awaiting earnings from tech giants.
New York Times - Business
29. Juli 2024 um 04:32

Why Global Investors Are Watching What Japan Does Next

Finance
Economy
Politics
Japan's central bank decision this week may impact global markets. Bank of Japan cut rates in 2016, raised in 2019 as economy recovered from anemic growth and low inflation, says portfolio manager Kei Okamura of Neuberger Berman. Contrasts with U.S. and other economies preparing to cut rates. Federal Reserve also meets on Wednesday to consider rate cut. Shifts in rate spreads drive global capital flows, including $1T/day in dollar-yen forex trades.
Companies - South China Morning Post
29. Juli 2024 um 02:40

Hong Kong stocks jump after China industrial profits rise, eyes on Politburo meeting | South China Morning Post

Finance
Economy
Politics
Technology
Hong Kong stocks jump on industrial profits, Politburo meeting; Hang Seng, Hang Seng Tech, Shanghai Composite indices rise; Tencent, Alibaba, JD.com gain; AIA, HSBC, financial sector advance; Hang Seng Index oversold, market may stabilize; US monetary policy in focus.
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