The afloat moon, different known arsenic a strawberry supermoon, is seen implicit the Skyline of the CBD successful Sydney, Australia June 15, 2022.
Anadolu Agency | Anadolu Agency | Getty Images
Asia-Pacific markets were acceptable to mostly ascent Monday, with investors awaiting Korean cardinal bank's complaint determination and India' third-quarter GDP numbers this week.
Singapore aboriginal successful the time volition merchandise its ostentation figures for October. Economists polled by Reuters expect the header ostentation complaint of 1.8%, down from the 2% successful the erstwhile month.
Other economical information this week see October ostentation readings from Australia, owed Wednesday, and November ostentation numbers from Japan's superior metropolis of Tokyo connected Friday.
Tokyo's ostentation figures are wide considered a starring indicator of nationwide trends.
Australia's S&P/ASX 200 roseate 0.61%, hitting a caller all-time precocious of 8,458.9 aboriginal successful the trading session.
Japan's Nikkei 225 is besides acceptable to rise, with the futures declaration successful Chicago astatine 38,750 and its counterpart successful Osaka astatine 38,730 against the index's past adjacent of 38,283.85.
In contrast, futures for Hong Kong's Hang Seng index stood astatine 19,204, pointing to a weaker unfastened compared to the HSI's adjacent of 19,229.97.
On Friday successful the U.S., the Dow Jones Industrial Average closed astatine a caller high, capping disconnected a winning week for stocks.
The blue-chip Dow gained 426.16 points, oregon 0.97%, to 44,296.51, a caller all-time closing precocious and its 3rd consecutive affirmative session.
The S&P 500 added 0.35% to decorativeness its 5th winning time successful a row, portion the tech-heavy Nasdaq Composite rose 0.16%.
Gains were restricted by slides of 3.2% and 1.7% in Nvidia and Alphabet, respectively.
— CNBC's Alex Harring and Jesse Pound contributed to this report.
CNBC Pro: Want to bargain the dip successful renewables? Morgan Stanley names 2 apical picks with 60% upside
The sustainability taxable faces an uncertain aboriginal nether President-elect Donald Trump, but Morgan Stanley has named a fig stocks with large upside.
The Wall Street slope identified its apical overweight-rated stocks with implicit $2 cardinal successful marketplace headdress and a gross oregon superior expenditure vulnerability to sustainability themes.
Among its database of apical stocks to bargain are 2 renewable vigor companies with implicit 60% upside potential.
CNBC Pro subscribers tin work much here.
— Amala Balakrishner
CNBC Pro: How to put $500,000 for the twelvemonth ahead, according to 2 wealthiness managers
As investors presumption their portfolios for 2025, wealthiness managers are advocating for a diversified attack with selective bets connected undervalued sectors.
CNBC Pro spoke to Ollie Clark, lawman caput of probe astatine WH Ireland, and Mark Preskett, elder portfolio manager astatine Morningstar Wealth, astir however investors with astir $500,000 could look to allocate their portfolio.
One of them besides suggested however investors could capitalize connected President-elect Donald Trump's policies.
CNBC Pro subscribers tin work much here.
— Ganesh Rao
Fri, Nov 22 20243:48 PM EST
Market spot should proceed into year-end, CIO says
Recent choppiness shouldn't marque investors question whether the marketplace has spot into the extremity of 2024, according to Robert Schein, main investment officer of Blanke Schein Wealth Management.
"The banal marketplace is surviving up to its humanities dynamic of seasonal spot successful November," Schein said. "We expect this spot to proceed into year-end."
"Even though the marketplace has been volatile implicit the past week arsenic investors commencement to question the post-election rally, we judge the market's wide fundamentals stay strong and are supportive of banal prices," helium added
— Alex Harring
Fri, Nov 22 20243:00 PM EST
UBS remains bullish connected AI compute manufacture contempt product, tariff risks heading into 2025
UBS inactive views upside up for Nvidia aft its quarterly bushed and expected Blackwell ramp — and is staying affirmative connected the AI compute manufacture looking up to the extremity of adjacent year.
"On the backmost of beardown expected gross maturation successful 2025, we support our affirmative presumption connected the AI compute manufacture and NVIDIA successful particular," expert Sundeep Gantori wrote successful a Thursday note. "Still, investors should not suffer show of imaginable risks successful 2025, including astir the merchandise modulation and tariff-related uncertainties."
Gantori recommended investors instrumentality vantage of higher near-term volatility by buying the dip successful prime AI stocks oregon done structured strategies, fixed his affirmative presumption connected AI semiconductors and starring unreality level providers.
"[We bash spot immoderate merchandise modulation risks astir end-2025 and tariff-related uncertainty. At this stage, however, we deliberation these risks are comparatively manageable for the AI proviso chain," helium said.
— Pia Singh
Fri, Nov 22 202410:14 AM EST
Consumer sentiment edged little aft election, survey finds
Consumer sentiment successful November moved little pursuing the statesmanlike predetermination but was inactive amended than October, according to a intimately watched gauge from the University of Michigan released Friday.
The past of 3 readings showed the sentiment scale astatine 71.8, amended than the 70.5 from October but down 1.3 points from the 2nd reading. Economists surveyed by Dow Jones had been looking for 73.5.
"In a reflector representation of November 2020 (see chart), the expectations scale surged for Republicans and fell for Democrats this month, a reflection of the 2 groups' incongruous views of however [President-elect Donald Trump's] policies volition power the economy," survey manager Joanne Hsu said.
The survey besides showed misgivings astir inflation: The one-year outlook nudged little to 2.6%, the lowest since December 2020, portion the 5-year roseate to 3.2%, tied for the highest since June 2008.
— Jeff Cox
English (US)