CXSE - Asia-Pacific stocks mixed ahead of Powell's policy cues

2023-11-08 03:12:05 ET

Japan ( NKY:IND ) -0.33% . The Reuters Tankan sentiment index for manufacturers in Japan rose to +6 in November 2023 from +4 in October, showing an improvement in business confidence for the first time since August.

Reserve assets in Japan rose slightly to $1.238 trillion in October 2023 from $1.237 trillion in September, rising for the first time since July.

China ( SHCOMP ) -0.16% . Statement from People's Bank of China Governor Pan Gongsheng also lifted sentiment after he said that China is likely to achieve its annual growth target of 5% smoothly.

Hong Kong ( HSI ) -0.48% .

India ( SENSEX ) +0.10% .

Australia ( AS51 ) +0.26%.

RBNZ's survey of inflation expectations: 1yrs at 3.6%, 2yrs at 2.76%

In the U.S. on Tuesday, all three major indexes ended higher , as a strong earnings season and hopes for interest rate cuts boosted investor confidence, with the S&P 500 and Nasdaq Composite notching their longest winning streaks in about two years.

Traders turn cautious ahead of US Federal Reserve Chair Jerome Powell’s speech later today.

Traders also look ahead to Chinese inflation figures later this week to guide the economic outlook further.

U.S. stock futures held steady on Wednesday after the major averages ended higher in the last regular session: Dow -0.10% ; S&P 500 -0.12% ; Nasdaq -0.15% .

Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).

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