Asia-Pacific markets mixed ahead of Japan elections; Tokyo inflation slows
Publishing timestamp: 2024-10-24 23:46:40
Summary
Asia-Pacific markets were mixed as investors awaited Japan's general election. Japan's inflation rate fell before the election, while Singapore's manufacturing output beat estimates. U.S. markets bounced back, with Tesla leading the way. China's central bank kept interest rates unchanged. Japan and the U.S. discussed exchange-rate moves. Investment bank Morgan Stanley suggested betting against two Big Tech stocks. UBS remains bullish on equities, expecting the S&P 500 to reach 6600 by the end of next year. Citi's head of global wealth is also bullish on U.S. equities. Initial filings for unemployment benefits receded as impacts from recent hurricanes and a Boeing strike faded.
Sentiment: MIXED
Tickers: .SPX, .KS11, .DJI, .HSI, .N225, .AXJO, .IXIC,
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Source: https://www.cnbc.com/2024/10/25/asia-markets-live-tokyo-cpi-singapore-manufacturing-output.html