Sorafutures.com
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
Sorafutures.com
No Result
View All Result
ADVERTISEMENT

Asian Stocks Mixed as U.S. Markets Struggle Ahead of Inflation Data

Yuki by Yuki
11/12/2024
in Futures News
Asian Stocks Mixed as U.S. Markets Struggle Ahead of Inflation Data
ADVERTISEMENT

Asian stocks showed mixed results on Wednesday, following a downturn in U.S. markets on Tuesday, with investors awaiting key updates on U.S. consumer inflation later in the day.

U.S. futures remained mostly stable, while oil prices saw an uptick.

ADVERTISEMENT

In Hong Kong, the Hang Seng Index dropped slightly by 0.1%, settling at 20,294.54. In contrast, the Shanghai Composite Index edged up by 0.2%, closing at 3,430.25. The rise came as Chinese leaders convened for an annual planning meeting in Beijing, where economic policies and growth targets for the upcoming year are expected to be outlined.

ADVERTISEMENT

Earlier this week, top Chinese leaders agreed on a “moderately loose” monetary policy during a Politburo meeting, marking a significant shift from the cautious stance held for the past decade. While state media hinted at potential stimulus measures to boost the Chinese economy, analysts remained cautious about expecting substantial actions.

ADVERTISEMENT

South Korea’s market saw a second consecutive day of gains, recovering from last week’s political uncertainty. The Kospi advanced by 0.7%, reaching 2,433.57, as the country’s jobless rate remained steady at 2.7% for November.

Meanwhile, Japan’s Nikkei 225 fell by 0.3% to 39,261.03, after data revealed that Japan’s wholesale inflation had risen by 3.7% year-on-year in November, continuing a three-month upward trend. This puts additional pressure on the Bank of Japan to consider raising interest rates during its policy meeting next week, with markets anticipating a rate hike from the current level of 0.25%.

Australia’s S&P/ASX 200 saw a slight decline of 0.4%, closing at 8,357.80.

On Tuesday, U.S. markets experienced modest losses, with the S&P 500 falling by 0.3% to 6,034.91, marking its first back-to-back losses in nearly a month. The Dow Jones Industrial Average also dropped 0.3% to 44,247.83, while the Nasdaq Composite slipped 0.3% to 19,687.24.

Investors are now looking ahead to Wednesday’s U.S. consumer inflation report and Thursday’s wholesale inflation update, which will provide key data ahead of the Federal Reserve’s meeting next week. Many investors anticipate a third interest rate cut this year, as the Fed has been easing rates from a two-decade high to alleviate pressure on the job market and control inflation.

The yield on the 10-year Treasury rose slightly to 4.22% from 4.20% late Monday.

Despite the Fed’s rate cuts, mortgage rates remain high, posing challenges for the housing market. This has led to a 6.9% drop in Toll Brothers’ stock, even though the luxury homebuilder reported stronger-than-expected earnings for the latest quarter.

In commodities, U.S. benchmark crude oil increased by 37 cents to $68.96 per barrel, while Brent crude rose by 40 cents to $72.59 per barrel. The U.S. dollar weakened slightly against the yen, falling to 151.48, while the euro remained steady at $1.0528.

Related topic:

What Are Single Stock Futures? [Revealed]

How To Read Stock Futures?

What Time Do Stock Futures Open On Sunday?

ADVERTISEMENT
Previous Post

SEA Calls for Lifting Ban on Futures Trading in Edible Oils

Next Post

Gold Prices Dip in Saudi Arabia on December 12

Related Posts

China Confident in Growth Despite U.S. Tariffs
Futures News

China Confident in Growth Despite U.S. Tariffs

28/04/2025
MAS Warns of Trade War Impact on Growth and Inflation
Futures News

MAS Warns of Trade War Impact on Growth and Inflation

28/04/2025
TikTok to Launch E-Commerce in Japan
Futures News

TikTok to Launch E-Commerce in Japan

27/04/2025
Nike Faces Lawsuit Over Sudden Shutdown of NFT Business
Futures News

Nike Faces Lawsuit Over Sudden Shutdown of NFT Business

27/04/2025
BP Faces Pressure from Hedge Fund and MPs Over Strategy Shift
Futures News

BP Faces Pressure from Hedge Fund and MPs Over Strategy Shift

26/04/2025
Trump Media Launches New ETFs and Crypto Investments
Futures News

Trump Media Launches New ETFs and Crypto Investments

26/04/2025
Trump’s Energy Council to Host LNG Summit in Alaska
Futures News

Trump’s Energy Council to Host LNG Summit in Alaska

25/04/2025
U.S. and South Korea Move Toward Trade Deal on Tariffs
Futures News

U.S. and South Korea Move Toward Trade Deal on Tariffs

25/04/2025
Bessent Criticizes IMF and World Bank, Pushes for US Leadership
Futures News

Bessent Criticizes IMF and World Bank, Pushes for US Leadership

24/04/2025
Next Post
Gold Prices Dip in Saudi Arabia on December 12

Gold Prices Dip in Saudi Arabia on December 12

Gold Prices in India Remain Elevated on December 12, 2024

Gold Prices in India Remain Elevated on December 12, 2024

Copper Eyes Bullish Rebound with Key Resistance Test

Copper Eyes Bullish Rebound with Key Resistance Test

Please login to join discussion

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME coffee futures commodity futures copper futures Copper prices corn futures Corn prices crude oil futures crypto futures Dax Futures Dow futures ETF FTSE futures contracts gas futures gold futures Gold prices grain futures ICE Index Futures interest rate futures lumber futures micro futures Nasdaq futures Nifty Futures oil futures S&P 500 Futures S&P Futures silver futures Silver prices soybean futures Soybean price stock futures stock market sugar futures sugar price USDINR Futures wall street futures wheat futures wheat price

Recent Posts

Why Is Palladium Futures Suddenly So Valuable?
Metal Futures

Why Is Palladium Futures Suddenly So Valuable?

by jingji50
29/04/2025

Palladium futures have been making headlines lately due to their skyrocketing prices. Investors and traders are scrambling to understand why...

Where Do Most Cattle Futures Live?

Where Do Most Cattle Futures Live?

29/04/2025
Why Is Palladium Futures Rallying?

Why Is Palladium Futures Rallying?

29/04/2025
Why Is Palladium Futures So Special?

Why Is Palladium Futures So Special?

29/04/2025
Why Palladium Futures Are So Expensive?

Why Palladium Futures Are So Expensive?

29/04/2025
Will Palladium Futures Ever Recover?

Will Palladium Futures Ever Recover?

28/04/2025
Why Is Palladium Futures So Volatile?

Why Is Palladium Futures So Volatile?

28/04/2025
Why Is Palladium Futures Bad?

Why Is Palladium Futures Bad?

28/04/2025

Futures Quotes

European Stocks Rise as Earnings and Trade Talks Loom

European Stocks Rise as Earnings and Trade Talks Loom

28/04/2025
Gold Prices Drop in Saudi Arabia on April 28, 2025

Gold Prices Drop in Saudi Arabia on April 28, 2025

28/04/2025
Euronext Wheat Futures Rise on Technical Buying and Export Hopes

Euronext Wheat Futures Rise on Technical Buying and Export Hopes

27/04/2025
U.S.-China Trade Slump Threatens Economy

U.S.-China Trade Slump Threatens Economy

27/04/2025
Fartcoin Surpasses Bonk as Solana’s Second-Largest Meme Token

Fartcoin Surpasses Bonk as Solana’s Second-Largest Meme Token

26/04/2025
European Airlines Face Uncertainty Ahead of Summer Travel Season

European Airlines Face Uncertainty Ahead of Summer Travel Season

26/04/2025
Sorafutures.com

Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow's opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.

Recent Posts

  • Why Is Palladium Futures Suddenly So Valuable? 29/04/2025
  • Where Do Most Cattle Futures Live? 29/04/2025
  • Why Is Palladium Futures Rallying? 29/04/2025
  • Why Is Palladium Futures So Special? 29/04/2025
  • Why Palladium Futures Are So Expensive? 29/04/2025

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME cnbc stock futures coffee futures commodity futures copper futures Copper prices corn futures Comn prices crude oil futures crypto futures Cryptocurrency futures Dax Futures Dow futures ETF Exotic options

Useful Links

About us

disclaimer

Privacy Policy

Copyright © 2024 celebritycolumn.com

No Result
View All Result
  • Home
  • Futures News
  • Futures Quotes
  • Futures Types
  • Knowledge

Copyright © 2024 Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.