Asia-Pacific stocks mostly rise tracking global rally; Chinese property shares surge
tadamichi
Japan (NKY:IND) +0.09%.
China (SHCOMP) +0.46%. Chinese property shares surged after Bloomberg reported that Chinese regulators are drafting a list of 50 developers eligible for a range of financing.
Hong Kong (HSI) +1.00%.
India (SENSEX) +0.40%.
Australia (AS51) +0.33%. RBA minutes show intense focus on inflation and inflation expectations risks. CPI inflation is now projected to be around 3-1/2% by the end of 2024 and at the top of the target range of 2 to 3% by the end of 2025.
New Zealand’s trade deficit shrank to $1.709 billion in October 2023 from $2.315 billion in the same month of the previous year. Exports dropped by 9.3% to $5.4 billion. Meanwhile, imports declined by 14% to $7.1 billion.
In the U.S. on Monday, all three major indexes ended in green, amid a better-than-expected earnings season and the ongoing trend of falling treasury yields.
Markets in the US are on a shortened trading week due to the Thanksgiving holiday on Thursday.
U.S. stock futures held steady on Tuesday as investors look ahead to the highly anticipated earnings report and forward guidance from Nvidia: Dow +0.06%; S&P 500 +0.10%; Nasdaq +0.19%.
Traders now look ahead to the latest FOMC minutes to guide the outlook on monetary policy. Companies slated to report earnings on Tuesday aside from Nvidia include Lowe’s, Best Buy and HP.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
