Nikkei leads Asian markets amid broader rally; Australia inflation slows for fifth straight quarter
Publishing timestamp: 2024-04-24 03:34:43
Summary
Asian markets rose following Wall Street's rally, with Japan's Nikkei 225 leading gains. Australian inflation data showed a slight increase, while producer prices in Japan's service sector accelerated. Gold and copper prices surged, and Intel's new AI chip is expected to benefit global semiconductor companies. Earnings are expected to be higher this year despite concerns about margin pressures. JPMorgan Chase CEO warned of potential stagflation in the American economy. Oil prices dipped on fears of Iran-Israel conflict.
Sentiment: MIXED
Tickers: .AXJO, @LCO.1, .HSI, NVDA, ARM, .KS11, .IXIC, .SPX, AUD=, .DXY, INTC, JPY=, .DJI, .SSEC, @CL.1, 20-HK, .SZI, JPM, .N225,
Keywords: s&p 500 index, nikkei 225 index, nvidia corp, ice brent crude (apr'23), usd/jpy, hang seng index, arm holdings plc, shenzhen component index, markets, world markets, economic events, breaking news: asia, australia, asia economy, nasdaq composite, dxy us dollar currency index, kospi index, shanghai, s&p/asx 200, wti crude (mar'23), prices, business news, dow jones industrial average, breaking news: markets, australian dollar/us dollar fx spot rate,
Source: https://www.cnbc.com/2024/04/24/asia-markets.html