^N225 - Nikkei 225
| Previous Close | 23,430.70 |
| Open | 23,372.39 |
| Volume | 0 |
| Day's Range | 23,336.93 - 23,449.47 |
| 52 Week Range | 18,948.58 - 23,608.06 |
| Avg. Volume | 67,665 |
- MarketWatch
Stock-market gains as investors weigh state of U.S-China trade talks
U.S. stocks bounce around Tuesday morning, but were attempting to hold on to gains, as Wall Street weighs U.S-China trade negotiations
- Bloomberg
Stocks Mixed, Bonds Fall Amid Muddled Trade Views: Markets Wrap
(Bloomberg) -- U.S. stocks fluctuated as investors debated whether China and the Trump administration will reach a meaningful trade deal ahead of a looming tariff deadline. Treasuries slipped.The S&P 500 Index gyrated near Monday’s clsoe as investors digested mixed signals on the likelihood of fresh tariffs on Dec. 15. Multiple reports indicated a delay was likely, before administration officials said the outcome depends on how talks progress. The two sides say a partial deal remains within reach, though the contours of any such agreement have not been made clear. Crude slipped.“The trade talks and headlines are going to be very fluid this week,” said Ryan Nauman, market strategist at Informa Financial Intelligence’s Zephyr. “You’ve got a lot of stuff going on this week, just a lot of information that traders are having to contend with. But trade talks and headwinds are definitely driving risk-on or risk-off trades right now.”In other trade news, Canada, Mexico and the U.S. moved toward an agreement that appeared to have legislative support in each of the countries. Mexico’s peso was little changed.“Those three countries are highly dependent on each other so I don’t think there likely to be anything that is that far away from where we’re at,” said Jim Besaw, chief investment officer at GenTrust.Trade continued to dominate sentiment on equity markets, with the dispute between the world’s two largest economies taking much of the blame for a slowdown in global growth. The spat is overshadowing a spate of central bank meetings this week, including the Federal Reserve gathering Wednesday. House Democrats are expected to unveil impeachment charges later Tuesday against President Donald Trump.The pound rose ahead of a key political poll and just two days before a general election dominated by Brexit. The euro advanced while European bonds drifted lower after French and German economic data beat expectations.Elsewhere, crude-oil futures nudged lower and emerging-market shares slipped. In Asia, a regional benchmark declined overall in below-average volumes but shares in South Korea and China climbed. Japan’s 10-year bond yield rose above zero for the first time since March before reversing.Here are some key events to watch this week:The Federal Reserve decides on interest rates on Wednesday, followed by a press briefing from Chairman Jerome Powell.The next European Central Bank policy decision is on Thursday.The U.K. holds a general election Thursday.These are some of the main moves in markets:\--With assistance from Sarah Ponczek.To contact the reporters on this story: Vildana Hajric in New York at vhajric1@bloomberg.net;Claire Ballentine in New York at cballentine@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- FX Empire
Asian Shares Lower as Surge in Chinese Consumer Inflation Rattles Investors
China’s consumer inflation climbed to nearly eight-year peaks in November as pork prices doubled, but factory-gate prices remained in the red, adding to uncertainty over whether the manufacturing sector is bottoming out as trade risks persist.
- Reuters
GLOBAL MARKETS-Asian shares edge down as tariff deadline hems bets
Asian equity markets eased slightly on Tuesday, tracking Wall Street declines as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. Pan-region Euro Stoxx 50 futures were down 0.03% and German DAX futures were 0.14% lower in early trade, while FTSE futures added 0.1%.
- Reuters
Japanese stocks edge lower on nearing tariff deadline
Japanese shares edged lower on Tuesday as the deadline neared for a fresh round of U.S. tariffs on Chinese imports, against the backdrop of positive comments from Washington and Beijing on progress in the trade talks. The Nikkei 225 index ended Tuesday down 0.08% at 23,410.19, with industrial and consumer discretionary sectors leading the decliners. In the run-up to new tariffs on $156 billion worth of Chinese imports on Dec. 15, both China and the United States have made reconciliatory tones.
- MarketWatch
Asia stock markets mixed as attention on looming trade deadline, expected central bank inaction
Asian stock markets traded were mixed Tuesday as investors mostly looked ahead to the weekend U.S. tariff deadline on Chinese imports and impending U.S. and European interest-rate decisions.
- Benzinga
Bankers Promote Hong Kong Listing After Alibaba Success
Bankers told The Nikkei that they are asking U.S.-listed Chinese companies to list in Hong Kong after Alibaba’s landmark Hong Kong listing success in November. “We are actively promoting a listing in Hong Kong to a clutch of companies we believe will be well received by Chinese investors," said one of the bankers interviewed by The Nikkei. Inspired by that, bankers are pitching Hong Kong listing to other U.S.-listed Chinese companies, especially those with a net worth of around $400 billion and technology firms, such as Baidu Inc (NASDAQ: BIDU) and JD.Com Inc (NASDAQ: JD), according to The Nikkei.
- TheStreet.com
Dow Futures Gain Following Report of Potential December U.S.-China Tariff Delay
Wall Street futures rebounded Tuesday after the Wall Street Journal reported that the U.S. and China could agree to delay tariffs scheduled to kick-in on December 15.
- Reuters
Japanese stocks fall amid uncertainty around fresh U.S. tariffs
Japanese shares edged lower on Tuesday on lingering doubts about a fresh round of U.S. tariffs on Chinese imports against the backdrop of positive commentary from Washington and Beijing on progress in trade talks. The Nikkei 225 index fell 0.18% to 23,388.92 by 0157 GMT, with industrial and consumer discretionary sectors leading the decliners. In the run-up to new tariffs on $156 billion worth of Chinese imports on Dec. 15, both China and the United States have made reconciliatory tones.
- Reuters
World stocks sink as tariff deadline approaches
Global stock markets fell for a second day on Tuesday, as caution over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports weakened risk appetite and limited outsized market moves. Germany's DAX fell 1.44% to its lowest in a week. Market uncertainty before the tariff deadline was reinforced by comments from U.S. Agriculture Secretary Sonny Perdue on Monday, who said President Donald Trump did not want to implement tariffs but did want to see "movement" from China.
- MarketWatch
What to expect on Sunday as the U.S. slaps new tariffs on China
Markets are trembling ahead of yet another salvo — and likely countersalvo — in the conflict between the world’s two largest economies approaches. This one, writes Tanner Brown, is both substantive and symbolic.
- Bloomberg
U.S. Stocks Decline, Bonds Mixed on Trade Jitters: Markets Wrap
(Bloomberg) -- U.S. stocks fell in thin trading as investors turned cautious ahead of a week full of potential catalysts, from central bank meetings to a looming tariff deadline. Treasury 10-year notes held modest gains.The S&P 500 ended at session lows in volumes below the 30-day average. Weak China export data added to concern, with investors awaiting news on whether Washington will go ahead with a planned Dec. 15 tariff hike. The Stoxx Europe 600 Index retreated. Stock indexes posted modest increases in Tokyo and Seoul, though gains mostly fizzled in Hong Kong and Shanghai.The pound edged higher as polls continued to show the U.K. Conservative Party on course to win a majority in Thursday’s election, which would likely mean Britain leaving the European Union by Jan. 31. Gold and the yen were also slightly higher.With time running out for the U.S. and China to reach a deal that would ward off an escalation in tariffs, markets will be watching closely for any signs of progress. White House economic adviser Larry Kudlow said Friday the two sides are haggling over the amount of American farm products Beijing is willing to purchase. Data showed China’s exports fell 1.1% in November, with those to the U.S. tumbling 23%, underscoring why the Asian nation may want to resolve the dispute.“There’s no upside risks on the horizon,” Katrina Ell, an economist at Moody’s Analytics, said on Bloomberg TV. “It is weighted to the downside and that big downside risk is coming from the trade war.”Also in focus for investors this week will be central banks, with policy meetings at the Federal Reserve and the European Central Bank that may offer clues on whether more monetary easing is in store in 2020.Elsewhere, oil slipped, trimming last week’s rally spurred by Saudi Arabia promising significant additional production cuts beyond what was agreed with fellow OPEC+ members.Here are some key events to watch this week:The Federal Reserve decides on interest rates on Wednesday, followed by a press briefing from Chairman Jerome Powell.China reports on inflation Tuesday, and data on credit growth is due at some point in the coming weekThe next European Central Bank policy decision is on Thursday.The U.K. holds a general election Thursday.These are some of the main moves in markets:What’s your 2020 vision? Terminal users are invited to join the Markets Live blog’s survey.\--With assistance from Vildana Hajric.To contact the reporter on this story: Sam Potter in London at spotter33@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Yakob PeterseilFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
Here’s what a ‘Japanification’ of the U.S. would look like
Nomura strategist Naka Matsuzawa outlined 10 characteristics of Japanification, including that a central bank seldom raises interest rates and a lack of interest in buying bonds in an economic downturn. The good news, for the U.S. at least, is that Matsuzawa expects the world’s largest economy to escape Japanification, noting the over 2 percentage points of Federal Reserve hiking.
- Barrons.com
PG&E Stock Is Soaring, Chevron Is Falling, and the Dow Isn’t Doing Much at All
It’s beginning to feel a lot like Christmas. Which is to say it’s a quiet mid-December morning—the stock market ticking lower, but not by enough that anyone would really notice.
- Reuters
GLOBAL MARKETS-Stocks stutter as attention turns to trade deadline, c.bank meetings
European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday's strong U.S. jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on Wednesday and new European Central Bank chief Christine Lagarde holds her first policy meeting on Thursday, which will also see a parliamentary election in Britain, with the results due on Friday.
- Reuters
GLOBAL MARKETS-Asian shares buoyed by strong U.S. job data, China worry caps gains
Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data, although regional gains were capped by concerns about China's economic slowdown due to the prolonged Sino-U.S. trade war. Japan's benchmark Nikkei added 0.33% while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.27%.
- Reuters
Japan shares rise on robust U.S. data, China worries cap gains
Japanese shares rose on Monday following robust U.S. jobs data, although gains were limited on concerns about Chinese economy and as the deadline for U.S. tariffs on Chinese goods nears. The Nikkei 225 index ended Monday up 0.33% at 23,430.70, with consumer discretionary and industrial sectors leading gains. The focus shifts to the Dec. 15 deadline when U.S. tariffs on Chinese goods take effect, unless the two sides reach a compromise.
- MarketWatch
Asia stock markets track U.S. counterparts higher after jobs-report boost
Asian stock markets were mostly higher Monday with investors cheered by a late-week buying mood on Wall Street after a surprisingly strong U.S. jobs report drove the Dow industrials to the best performance in two months.
- FX Empire
Asian Shares Rise on Robust U.S. Jobs Data, China Worries Cap Gains
China’s exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-U.S. trade war but growth in imports may be a sign that Beijing’s stimulus steps are helping to stoke demand. Top White House economic adviser Larry Kudlow said on Friday that a December 15 deadline is still in place to impose a new round of U.S. tariffs on some $156 billion of China’s remaining exports to the United States.
- TheStreet.com
Dow Futures Slip, Global Stocks Cautious Ahead of Fed Meeting, UK Elections
Wall Street futures slip lower as investors gather themselves for a big week of global event risks including two central bank decisions and a make-or-break U.K. general election.
- Financial Times
Taiwan loses 3,000 chip engineers to ‘Made in China 2025’
China is ramping up recruitment of Taiwanese talent in semiconductors, attracting top executives and engineers alike to bolster an industry that the US trade war has shown to be a Chinese Achilles heel. The aggressive campaign has sparked concerns about a brain drain in Taiwan’s chip industry, which is struggling to compete with generous offers by cash-rich mainland companies. One man in his 50s left a longtime job at a leading Taiwanese semiconductor maker a year ago for a position on the mainland.
- FX Empire
Asia Pacific Weekly Stock Indexes: Australia Dips on Trade War Fears, Japan Boosted by New Stimulus Measures
Stocks in major Asian markets saw gains on the first trading day of December as Chinese factory activity presented a positive surprise in November.
- Bloomberg
Stocks Rally as Traders Cheer U.S. Economic Data: Markets Wrap
(Bloomberg) -- Stocks rallied around the globe and Treasuries fell as better-than-expected data bolstered confidence in the world’s largest economy.The S&P 500 Index extended its advance into a third day after reports showed payrolls jumped 266,000 -- the most since January -- as wages beat estimates while consumer sentiment increased. Energy, financial and industrial shares led gains in the equity gauge, which posted its biggest rally in five weeks. The dollar rose, and Treasury 10-year yields traded above 1.8%. Oil surged.Investors pushed up the value of risk assets on the assumption that the American economy isn’t close to signaling a recession -- a fear that’s been lurking amid a trade war. While negotiators are near phase one of a broader accord and “progress has been made,” they haven’t yet put anything in writing, said White House economic adviser Larry Kudlow. Strong economic reports may reduce the urgency for a deal, given that escalating levies have failed to significantly dent growth. They also validate Federal Reserve Chairman Jerome Powell’s view that rates can stay on hold after three cuts.“For the equity market, it provides some encouragement that the U.S. is certainly not heading for a hard landing,” said James McCann, senior global economist at Aberdeen Standard Investments. “As we head into next year, the prospect for earnings still remains pretty healthy based on a still well-supported consumer backdrop.”Read: Wall Street Scraps Recession Assumptions After Robust Jobs DataStocks got whipsawed this week on conflicting signs of progress in trade negotiations between the world’s two largest economies. China said Friday it’s in the process of waiving retaliatory tariffs on imports of U.S. pork and soy by domestic companies -- a procedural step that may also signal a broader trade agreement is drawing closer. President Donald Trump has threatened to impose tariffs on Chinese imports if an accord isn’t reached by Dec. 15, which Kudlow said could still happen.Elsewhere, oil climbed as Saudi Arabia surprised the market by promising significant additional production cuts beyond what was agreed with fellow OPEC+ members. The euro fell after data showed Germany’s industrial slump unexpectedly deepened in October.Some corporate highlights:Apple Inc. jumped to a record high.Big Lots Inc. soared on its bullish view for next year.Ulta Beauty Inc. surged after delivering what analysts called “better-than-feared” results.Ciena Corp. tumbled after UBS recommended selling the stock ahead of next week’s earnings.These are some of the main moves in markets:StocksThe S&P 500 climbed 0.9% to 3,145.90 at 4 p.m. New York time.The Stoxx Europe 600 Index increased 1.2%.The MSCI Asia Pacific Index rose 0.5%.CurrenciesThe Bloomberg Dollar Spot Index added 0.1%.The euro dipped 0.4% to $1.106.The Japanese yen appreciated 0.2% to 108.57 per dollar.BondsThe yield on 10-year Treasuries rose three basis points to 1.84%.Germany’s 10-year yield climbed one basis point to -0.29%.Britain’s 10-year yield fell less than one basis point to 0.772%.CommoditiesThe Bloomberg Commodity Index climbed 0.2%.West Texas Intermediate crude climbed to $59.20 a barrel.Gold declined 1.2% to $1,465.10 an ounce.\--With assistance from Cormac Mullen, Eddie van der Walt, Sam Potter and Yakob Peterseil.To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
