HomeSample Page

Sample Page Title

China’s manufacturing unit exercise misses expectations, contracts for a second straight month

China’s official manufacturing Buying Managers’ Index for November got here in at 48, beneath the 50-point mark that separates development from contraction.

That is decrease than the expectations of analysts polled by Reuters, who predicted a studying of 49. October’s PMI was 49.2.

PMI readings are sequential and symbolize month-on-month adjustments in manufacturing unit exercise.

— Abigail Ng

Australia’s month-to-month inflation indicator exhibits slight slowing

Australia’s shopper worth index for October slowed to six.9% on an annualized foundation, from 7.3% in September, based on a month-to-month indicator by the Australian Bureau of Statistics.

The rise in costs for housing, meals and non-alcoholic drinks, in addition to transport led the general CPI indicator larger.

Bilibili shares pop in Asia morning session

Hong Kong-listed shares of Bilibili popped as a lot as 12.7% in Asia’s morning after the corporate beat income estimates for the third quarter of the yr.

Web income got here in at 5.79 billion Chinese language yuan ($809.8 million), 11% larger than the identical interval in 2021. Estimates from Refinitiv Eikon predicted income of 5.52 billion yuan.

Web losses narrowed to 1.7 billion yuan, and common month-to-month energetic customers grew 25% on an annualized foundation.

U.S.-listed shares of the corporate soared 22% in a single day, whereas the Hong Kong shares have been final up 8.47%.

— Abigail Ng

South Korea, Japan industrial manufacturing knowledge is available in worse than anticipated

South Korea and Japan’s industrial manufacturing every noticed declines for the month of October.

Japan’s preliminary industrial manufacturing for October declined 2.6% in comparison with a month in the past, greater than expectations of a decline of 1.5%, based on a Reuters ballot.

The studying marks the second consecutive decline after seeing a fall of 1.7% the earlier month.

South Korea’s industrial manufacturing additionally fell by 3.5% in contrast with a month in the past, additionally decrease than expectations of a decline of 1%. The studying marked the bottom since Might 2020, when output declined 6.7%.

– Jihye Lee

China’s manufacturing unit exercise anticipated to contract for a second straight month

China’s official manufacturing Buying Managers’ Index for November is predicted to return in at 49, beneath the 50-point mark that separates development from contraction, based on analysts polled by Reuters.

That is barely decrease than the studying of 49.2 reported in October.

PMI readings are sequential and symbolize month-on-month adjustments in exercise.

— Abigail Ng

China says it’s ‘carefully watching’ virus developments when requested about shift in coverage

Chinese language well being authorities mentioned that officers are “carefully watching” the developments of Covid when requested if protests within the area would result in shifts in its zero-Covid coverage.

“China has been following and carefully watching the virus because it evolves and mutates,” officers mentioned, based on a translation of Tuesday’s briefing.

– Christine Wang, Evelyn Cheng

CNBC Professional: Goldman Sachs’ Currie says oil shares are buying and selling ‘far beneath’ their long-term development

Goldman Sachs’ International Head of Commodities Analysis Jeff Currie advised CNBC that traditionally, oil shares have traded at a a lot larger premium to crude oil costs in comparison with present worth ranges.

As an example, the value hole between SPDR Oil & Gasoline ETF and ICE Brent Crude futures contract was about $66.60 on Tuesday. That is considerably decrease than the $104 hole recorded at the beginning of January 2017, based on Koyfin knowledge, because the chart beneath exhibits.

Made with Flourish

China broadcasts measures to spice up aged vaccination

China’s well being authorities launched a plan to spice up aged vaccination, based on a discover on the Nationwide Well being Fee’s web site.

Hong Kong-listed shares of CanSino Biologics prolonged features within the afternoon session and rose as a lot as 18% shortly after the announcement was posted.

The discover mentioned authorities ought to use a number of knowledge factors to precisely establish goal teams for vaccination for the aged.

CNBC Professional: As Wall Avenue will get bearish, these shares with margin development could possibly be protected bets

Wall Avenue execs are apprehensive in regards to the outlook for shares, and are urging buyers to remain defensive. These shares with margin development could possibly be protected bets.

Professional subscribers can learn extra right here.

— Zavier Ong

Nasdaq and S&P 500 submit third day down

The Dow Jones Industrial Common closed 3.07 factors, or 0.01%, larger after buying and selling down for a lot of the day. The index ended the day at 33,852.53.

In the meantime, the Nasdaq Composite completed decrease by 0.59%, to shut at 10,983.78. The S&P 500 slipped by 0.16% to shut at 3,957.63.

— Alex Harring


Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -spot_img