Asia markets rise as private survey shows sharp recovery in China services
Publishing timestamp: 2023-03-03 03:09:33
Summary
Asia-Pacific markets mostly rose on Friday following Wall Street's gains overnight. China's services sector saw jump in activity, according to Caixin/S&P Global services purchasing manager's index, with reading of 55 in February from 52.9 in January. Nikkei 225 rose 1.56% to finish at 27927.47 leading gains in region and Topix climbed 1.25% to end at 2019.52 as inflation in Japan's capital showed easing in February from previous month. Goldman Sachs has named eight global stocks of companies that will become profitable this year and beat broader market in new research report. China's service sector activity expanded at fastest rate in six months, as its services purchasing manager's index for February rose to 55. Tokyo's consumer price index rose by 3.3% in February, in line with economists expectations polled by Reuters. Credit-default swap (CDS) trading on U.S. Treasury bonds has picked up since January, with implied default probabilities increasing.
Sentiment: NEUTRAL
Tickers: 4661.T-JP, .SPX, AUD=, .DJI, 3101.T-JP, .HSI, @CL.1, .KS11, .DXY, .IXIC, 9626-HK, US10Y, JPY=, 9201.T-JP, @LCO.1, N9L-FF, .N225, .SSEC, .SZI, .AXJO, 6723.T-JP, 5707.T-JP,
Keywords: hang seng index, breaking news: asia, nikkei 225 index, kospi index, dxy us dollar currency index, shanghai, s&p/asx 200, china, economic events, breaking news: markets, united states, japan, wti crude (mar'23), ice brent crude (apr'23), asia economy, shenzhen component index, world markets, business news, australian dollar/us dollar fx spot rate, markets, usd/jpy,
Source: https://www.cnbc.com/2023/03/03/asia-markets-us-federal-reserve-australia-japan-china-india-.html