Asia markets slide as investors assess factory activity private surveys; China manufacturing clocks surprise growth
Publishing timestamp: 2023-12-01 02:54:05
Summary
The article discusses mixed economic data from Asia-Pacific markets, including China's unexpected expansion in the manufacturing sector, Japan's continued contraction, and South Korea's stabilization. It also mentions the Dow Jones Industrial Average reaching a new high for the year and the decline in U.S. crude oil prices. Additionally, it highlights Goldman Sachs' preferred sub-sectors in China and the expectations of rate cuts by the Federal Reserve. The article concludes by mentioning the performance of the Dow and specific stocks in November.
Sentiment: MIXED
Tickers: .DJI, .HSI, .SZI, BA, .KS11, .SPX, .AXJO, @CL.1, INTC, .IXIC, .DXY, .N225, CRM, @LCO.1, US10Y, JPY=, AUD=, .SSEC,
Keywords: hang seng index, breaking news: asia, usd/jpy, breaking news: markets, s&p/asx 200, business news, dxy us dollar currency index, shenzhen component index, wti crude (mar'23), australia, nasdaq composite, asia economy, world markets, economic events, prices, s&p 500 index, nikkei 225 index, kospi index, australian dollar/us dollar fx spot rate, ice brent crude (apr'23), markets, shanghai,
Source: https://www.cnbc.com/2023/12/01/asia-markets.html