Tokyo, Japan skyline with the Tokyo Tower
Chunyip Wong | E+ | Getty Images
Asia-Pacific markets were acceptable to mostly autumn Friday, with investors awaiting Japan's wide predetermination implicit the weekend.
Japan besides released its October ostentation numbers for the superior metropolis of Tokyo connected Friday, its past cardinal economical information earlier the election. The Bank of Japan's monetary argumentation gathering is owed connected Oct. 30 and 31.
Tokyo's ostentation is wide considered a starring indicator of nationwide trends.
The city's header ostentation rate fell to 1.8% successful October from 2.2% the period before, with halfway ostentation — which strips retired prices of caller nutrient — besides coming successful astatine 1.8%, down from 2%.
Economists polled by Reuters had forecast the halfway ostentation complaint successful Tokyo to dilatory to 1.7% successful October.
Based connected futures data, the benchmark Nikkei 225 could spell either way, with the futures declaration successful Chicago astatine 38,215 and its counterpart successful Osaka astatine 38,090 against the index's past adjacent of 38,143.29.
Futures for Hong Kong's Hang Seng index stood astatine 20,420 pointing to a somewhat weaker unfastened compared to the HSI's adjacent of 20,489.62.
In contrast, Australia's S&P/ASX 200 started the time up 0.25%.
Overnight successful the U.S., the S&P 500 bounced backmost connected Thursday, powered by shares of Tesla rising astir 22% and snapping a 3 time losing streak.
The electrical conveyance shaper surged astir 22% aft posting third-quarter results that bushed analysts' expectations, registering its champion time since 2013.
The Nasdaq Composite jumped 0.76%, but the Dow Jones Industrial Average lost 0.33%, to grounds its archetypal four-day losing streak since June.
— CNBC's Lisa Kailai Han and Jesse Pound contributed to this report.
CNBC Pro: Short Amazon and Apple arsenic they caput for all-time highs, accidental Itau BBA analysts
As firm giants study their quarterly finances successful the coming days, 1 concern slope has suggested that investors stake against 2 Big Tech stocks.
CNBC Pro subscribers tin work much astir wherefore the expert is telling clients to short Apple and Amazon here.
— Ganesh Rao
CNBC Pro: The powerfulness assemblage is 'transforming,' Morgan Stanley says, naming planetary stocks acceptable to emergence 40%
The energy manufacture is transforming, according to Morgan Stanley, and aggregate powerfulness producers, grid operators and utilities are acceptable to benefit.
"Power request is booming, prices are inflecting, and outgo to nutrient cleanable powerfulness has fallen by a 3rd astir the satellite since 2023, and much truthful successful Asia," the concern bank's analysts outlined successful an Oct. 23 note.
"Global powerfulness markets person amazed connected aggregate fronts, and investors are navigating a caller mean successful the powerfulness worth chain," they added.
Morgan Stanley's analysts named 3 overweight-rated planetary stocks successful the energy assemblage which they springiness much than 40% imaginable upside.
CNBC Pro subscribers tin work much here.
— Amala Balakrishner
UBS remains optimistic connected equities
The way guardant for equities is inactive higher adjacent with caller weakness, according to UBS.
The S&P 500 fell for a 3rd consecutive time connected Wednesday, aft a determination higher successful Treasury yields enactment unit successful equities. Nevertheless, UBS' Solita Marcelli remains bullish connected equities.
"We person signaled that investors should expect marketplace volatility successful the lead-up to the US statesmanlike election, and the S&P 500 was sitting astatine a grounds precocious earlier the declines successful caller days. As 5 November inches closer, marketplace sentiment is apt to enactment vulnerable," Marcelli wrote.
"But we support a affirmative outlook connected US equities, and expect the S&P 500 to scope 6,600 by the extremity of adjacent year," Marcelli added.
— Sarah Min
Stocks are bound for a alleviation rally aft election, says Citi's caput of planetary wealthiness
Citi's caput of planetary wealthiness Andy Sieg is bullish connected U.S. equities, saying helium expects stocks tin rally aft the uncertainty from the predetermination is lifted.
"There's going to beryllium a alleviation rally that is astir apt to happen. We saw it successful 2016, we saw it successful 2020," Sieg told CNBC's "Money Movers." "And erstwhile you deliberation astir the anticipation for that alleviation rally, it's uncertainty leaving the market, being replaced by immoderate certainty successful presumption of the way forward, it's rates coming down. And again, it's getting refocused connected the fundamentals successful the U.S., which are strong."
"So, we deliberation the marketplace has a ways to run," Sieg added.
— Sarah Min
Jobless claims gaffe arsenic impacts from storms, onslaught ease
Employees cod immoderate of their belongings from a quality salon that was destroyed by the aggravated tornado that deed Cocoa Beach, Florida, connected Oct. 10, 2024.
Giorgio Viera | AFP | Getty Images
Initial filings for unemployment benefits receded past week arsenic impacts faded from the caller hurricanes and the Boeing strike.
Jobless claims for the week ending Oct. 19 totaled a seasonally adjusted 227,000, down 15,000 from the erstwhile week's upwardly revised level but good beneath the Dow Jones estimation for 245,000, the Labor Department reported Thursday.
However, continuing claims, which tally a week behind, roseate to conscionable shy of 1.9 million, the highest since Nov. 13, 2021.
Claims did summation successful storm-ravaged Florida by 4,275 but fell successful North Carolina by 2,888, according to unadjusted data. Michigan, which has been deed by the Boeing impasse, saw a diminution of 1,720.
— Jeff Cox
English (US) ·