KURE - Asia-Pacific stocks rise ahead of busy earnings week; Middle East conflict in focus

2023-10-17 02:55:52 ET

Japan ( NKY:IND ) +0.87% .

China ( SHCOMP ) +0.10% .

Hong Kong ( HSI ) +0.51% .

India ( SENSEX ) +0.48% .

Australia ( AS51 ) +0.42% . RBA minutes show the Bank debated a 25bp rate hike vs. holding steady at 4.1% due to "not enough new information."

ANZ-Roy Morgan consumer confidence index 76.4 (prior 80.1).

New Zealand Q3 CPI +1.8% q/q (+2% expected).

In the U.S. on Monday, all three major indexes ended solidly higher while bonds sold-off, as third-quarter earnings season gains steam this week.

U.S. stock futures were little changed on Tuesday as the third quarter earnings season gained momentum : Dow -0.13% ; S&P 500 -0.16% ; Nasdaq -0.16% .

Investors now look ahead to fresh commentary from Federal Reserve officials this week, headlined by Fed Chair Jerome Powell’s speech, to gauge the outlook for interest rates.

Meanwhile, markets remained cautious about geopolitical risks in the Middle East, despite ongoing efforts to ease tensions in the region as US President Joe Biden is set to visit Israel to prevent the war from spreading.

Coming up in the session: US Retail Sales data for September is the important data point at 8:30 am ET.

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

More on the markets

• Dow, S&P, and Nasdaq rise to kick off a big week of earnings
• Nasdaq, S&P, Dow rally to kick off the week with the focus turning to Q3 earnings
• China central bank bolsters liquidity support; keeps policy rate unchanged

For further details see: