SCTL - Asia-Pacific stock mixed taking cues from a strong lead on Wall Street after FOMC decision
2023-12-14 02:41:45 ET
Japan ( NKY:IND ) -0.73%. Japan data: October Industrial Production (final) +1.3% (prior +0.5%).
Japan October Machinery orders +0.7% m/m (vs. expected -0.5%).
Markets also turned cautious ahead of the Bank of Japan’s policy meeting next week as BOJ Governor Kazuo Ueda previously signaled an earlier than anticipated end to its negative interest rate policy.
China ( SHCOMP ) -0.33%. Domestically, investors continued to assess the economic outlook in China following a policy meeting of top Chinese officials this week where they set economic targets for next year.
Traders now look ahead to Chinese industrial production, retail sales and unemployment figures on Friday for further guidance, as well as a key lending rate decision from the People’s Bank of China next week.
Hong Kong ( HSI ) +0.78%.
India ( SENSEX ) +1.23%. India's wholesale prices increased by 0.26 percent year-on-year in November 2023, beating market estimates of a 0.08 percent rise, rebounding from a 0.52 percent drop in the prior month.
Australia ( AS51 ) +1.65% . Australian Consumer Inflation Expectations for December: 4.5% (prior was 4.9%).
Australia Nov. Employment change +61.5K (expected +11K) Unemployment rate 3.9% (exp 3.8%)
In the U.S. on Wednesday, all three major indexes ended higher , following the Fed's decision to keep its interest rate for the 3rd consecutive meeting and signaled of potential rates cuts next year. Fed Chair Jerome Powell said that "inflation has eased from its highs, and this has come without a significant increase in unemployment."
U.S. stock futures edged higher on Thursday as dovish signals from the Federal Reserve boosted market sentiment: Dow +0.26%; S&P 500 +0.32%; Nasdaq +0.52%.
Investors also braced for monetary policy decisions from the European Central Bank and the Bank of England on Thursday. The European Central Bank is expected to maintain interest rates at multi-year highs for the second consecutive meeting on Thursday.
Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).
More on Asia
- Japan's industrial output grows 1.3%, beats expectations
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China's worries over deflation deepen as consumer prices fall at the steepest pace in three years
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Asia-Pacific stock mixed taking cues from a strong lead on Wall Street after FOMC decision