Asia-Pacific markets trade lower; China keeps LPR steady

Asia-Pacific markets trade lower;  China keeps LPR steady

China keeps its loan prime rates on hold as expected China left its benchmark lending rate unchanged for a third month in a row, according to an announcement from the People’s Bank of China. The one-year loan prime rate is steady at 3.65%, and the five-year rate is also on hold at 4.3%, the notice … Read more

S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday

S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday

Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE S&P 500 futures fell slightly Sunday evening ahead of another batch of retail earnings to kick off a shortened week for the Thanksgiving holiday. Futures tied to the broad market index were lower by 0.1%. Dow Jones Industrial Average futures were lower by … Read more

Investing Club week in review, the week ahead — Nov. 18, 2022

Investing Club week in review, the week ahead — Nov. 18, 2022

Stocks bounced around this week with both bulls and bears finding something to latch onto. But ultimately all the major averages finished a bit lower: The Dow and the S & P 500 each fell roughly 1%, while the Nasdaq dropped 1.8%. Driving the action were several key economic updates, including the producer price index, … Read more

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Tencent, NetEase stocks rise after China approves game titles Shares of Chinese tech companies Tencent and NetEase listed in Hong Kong rose after the companies were granted gaming licenses by China’s National Press and Publication Administration. Tencent shares rose 3% at open, and NetEase rose more than 5%. The regulator issued licenses for some 70 … Read more

Meituan, Tencent, APEC leaders meet, Japan trade, Australia unemployment

Meituan, Tencent, APEC leaders meet, Japan trade, Australia unemployment

Meituan shares drop 6% after Tencent slashes stake Tencent said the tranche of shares is roughly 90.9% of its stake in the company and 15.5% of total shares Meituan has issued as of Oct. 31. Tencent said the stake was worth about 159 billion Hong Kong dollars (roughly $20.32 billion) as of the Tuesday close. … Read more

Hong Kong stocks jump 2% in mixed Asia session, Softbank shares drop 11%

Hong Kong stocks jump 2% in mixed Asia session, Softbank shares drop 11%

CNBC Pro: UBS says disinflation is on the way — and shares 8 global stocks to play it Swiss bank UBS has forecasted a “sharp” disinflation in 2023. It said weak growth alongside “mechanical” indicators, such as easing supply chain bottlenecks and rising goods inventories, would see prices fall next year. The investment bank screened … Read more

Stock futures fall following the S&P 500’s best week since June

Stock futures fall following the S&P 500’s best week since June

Traders on the floor of the NYSE, Aug. 4, 2022. Source: NYSE Stock futures dipped in overnight trading Sunday after the S&P 500 posted its biggest weekly gain in almost five months on the back of easing inflation data. Dow Jones Industrial Average futures fell 100 points. S&P 500 futures declined 0.4% and Nasdaq 100 … Read more

FTX users may be cashing of bankrupt crypto exchange through a Bahamas loophole

FTX users may be cashing of bankrupt crypto exchange through a Bahamas loophole

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus … Read more

Stock futures are little changed as Wall Street awaits results of midterm elections

Stock futures are little changed as Wall Street awaits results of midterm elections

Traders work on the floor of the New York Stock Exchange (NYSE) on October 27, 2022 in New York City. Stocks continued their upward gains Thursday with the Dow rising nearly 400 points following a new GDP report that beat expectations. Spencer Platt | Getty Images News | Getty Images Stock futures were flat on … Read more

Stock futures are flat as Wall Street awaits US midterm elections

Stock futures are flat as Wall Street awaits US midterm elections

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, November 7, 2022. Brendan Mcdermid | Reuters Stock futures were flat Monday evening following a winning day for markets as investors looked ahead to US midterm elections on Tuesday. Futures tied to the Dow Jones Industrial average rose … Read more