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The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022.
Anadolu Agency | Anadolu Agency | Getty Images
Asia-Pacific markets were set to mostly climb Monday, with investors awaiting Korean central bank's rate decision and India' third-quarter GDP numbers this week.
Singapore later in the day will release its inflation figures for October. Economists polled by Reuters expect the headline inflation rate of 1.8%, down from the 2% in the previous month.
Other economic data this week include October inflation readings from Australia, due Wednesday, and November inflation numbers from Japan's capital city of Tokyo on Friday.
Tokyo's inflation figures are widely considered a leading indicator of nationwide trends.
Australia's S&P/ASX 200 rose 0.61%, hitting a new all-time high of 8,458.9 early in the trading session.
Japan's Nikkei 225 is also set to rise, with the futures contract in Chicago at 38,750 and its counterpart in Osaka at 38,730 against the index's last close of 38,283.85.
In contrast, futures for Hong Kong's Hang Seng index stood at 19,204, pointing to a weaker open compared to the HSI's close of 19,229.97.
On Friday in the U.S., the Dow Jones Industrial Average closed at a new high, capping off a winning week for stocks.
The blue-chip Dow gained 426.16 points, or 0.97%, to 44,296.51, a new all-time closing high and its third straight positive session.
The S&P 500 added 0.35% to finish its fifth winning day in a row, while the tech-heavy Nasdaq Composite rose 0.16%.
Gains were restricted by slides of 3.2% and 1.7% in Nvidia and Alphabet, respectively.
— CNBC's Alex Harring and Jesse Pound contributed to this report.
CNBC Pro: Want to buy the dip in renewables? Morgan Stanley names 2 top picks with 60% upside
The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside.
The Wall Street bank identified its top overweight-rated stocks with over $2 billion in market cap and a revenue or capital expenditure exposure to sustainability themes.
Among its list of top stocks to buy are two renewable energy companies with over 60% upside potential.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
CNBC Pro: How to invest $500,000 for the year ahead, according to 2 wealth managers
As investors position their portfolios for 2025, wealth managers are advocating for a diversified approach with selective bets on undervalued sectors.
CNBC Pro spoke to Ollie Clark, deputy head of research at WH Ireland, and Mark Preskett, senior portfolio manager at Morningstar Wealth, about how investors with roughly $500,000 could look to allocate their portfolio.
One of them also suggested how investors could capitalize on President-elect Donald Trump's policies.
CNBC Pro subscribers can read more here.
— Ganesh Rao
Fri, Nov 22 20243:48 PM EST
Market strength should continue into year-end, CIO says
Recent choppiness shouldn't make investors question whether the market has strength into the end of 2024, according to Robert Schein, chief investment officer of Blanke Schein Wealth Management.
"The stock market is living up to its historical dynamic of seasonal strength in November," Schein said. "We expect this strength to continue into year-end."
"Even though the market has been volatile over the past week as investors start to question the post-election rally, we believe the market's overall fundamentals remain strong and are supportive of stock prices," he added
— Alex Harring
Fri, Nov 22 20243:00 PM EST
UBS remains bullish on AI compute industry despite product, tariff risks heading into 2025
UBS still views upside ahead for Nvidia after its quarterly beat and expected Blackwell ramp — and is staying positive on the AI compute industry looking ahead to the end of next year.
"On the back of strong expected revenue growth in 2025, we maintain our positive view on the AI compute industry and NVIDIA in particular," analyst Sundeep Gantori wrote in a Thursday note. "Still, investors should not lose sight of potential risks in 2025, including around the product transition and tariff-related uncertainties."
Gantori recommended investors take advantage of higher near-term volatility by buying the dip in quality AI stocks or through structured strategies, given his positive view on AI semiconductors and leading cloud platform providers.
"[We do see some product transition risks around end-2025 and tariff-related uncertainty. At this stage, however, we think these risks are relatively manageable for the AI supply chain," he said.
— Pia Singh
Fri, Nov 22 202410:14 AM EST
Consumer sentiment edged lower after election, survey finds
Consumer sentiment in November moved lower following the presidential election but was still better than October, according to a closely watched gauge from the University of Michigan released Friday.
The last of three readings showed the sentiment index at 71.8, better than the 70.5 from October but down 1.3 points from the second reading. Economists surveyed by Dow Jones had been looking for 73.5.
"In a mirror image of November 2020 (see chart), the expectations index surged for Republicans and fell for Democrats this month, a reflection of the two groups' incongruous views of how [President-elect Donald Trump's] policies will influence the economy," survey director Joanne Hsu said.
The survey also showed misgivings about inflation: The one-year outlook nudged lower to 2.6%, the lowest since December 2020, while the 5-year rose to 3.2%, tied for the highest since June 2008.
— Jeff Cox
English (US)