Asia markets mixed as Japan spending data misses estimates, China's May exports top expectations
Publishing timestamp: 2024-06-07 03:58:30
Summary
Asia-Pacific stocks were mixed as China's exports beat expectations but imports missed, Japan's household spending rose, Samsung workers plan strike. U.S. markets remained range-bound, with S&P 500 hitting record high. Analysts expect continued stock gains, especially in technology sector. U.S. unemployment rate forecasted to remain below 4%, potentially leading to productivity growth. Economic data showed jobless claims and trade deficit increasing, while labor costs were lower than expected.
Sentiment: MIXED
Tickers: .AXJO, .SPX, @CL.1, .KS11, NVDA, .SSEC, @LCO.1, .SZI, ARM, .DJI, .N225, .HSI, AUD=, .IXIC, JPY=, .DXY,
Keywords: dow jones industrial average, world markets, asia economy, s&p 500 index, shanghai, prices, ice brent crude (apr'23), hang seng index, australian dollar/us dollar fx spot rate, breaking news: asia, economic events, s&p/asx 200, business news, usd/jpy, nasdaq composite, breaking news: markets, shenzhen component index, australia, wti crude (mar'23), arm holdings plc, nikkei 225 index, dxy us dollar currency index, markets, kospi index, nvidia corp,
Source: https://www.cnbc.com/2024/06/07/asia-markets-live.html