Some of the sharemarket’s most powerful analysts have slapped “sell” ratings on CBA’s shares despite the bank’s record-breaking profit this earnings season.
Investors are loading up bullish bets on China as the latest data pointing to the world’s second-largest economy struggling to recover has shored up hopes of…
we look at the implications for financial markets. days away, we focus on the financial battle i am monica miller. we begin in china, where markets closed lower, biggest economy for the second quarter. a cause for concern. another worry for market watchers, the direction of us interest rates and the fed meeting that takes place next week comes amid an earning season showing strong results for corporate america. earlier, i spoke to portfolio managerjun bei liu, who told us that she is expecting china s government to step up support for the economy. to be quite frank, over the next six months, we should see increased stimulus out of the chinese government,
(Bloomberg) A gauge of Asian shares was on course to snap a three-day losing streak, buoyed by the tech sector, while US equity futures slipped after artificial intelligence stocks fueled a sharp rally in the prior session. Benchmark indexes rose in Japan, South Korea, India and Australia, and those for mainland China erased earlier declines. Hong Kong’s market was closed Friday for a public holiday. European futures added 0.1%. It was the second day of gains for chip stocks in the region following a bullish sales forecast from Nvidia Corp. late Wednesday that ignited a frenzy of interest in AI. Among notable moves in Asia, Japan’s Screen Holdings Co. surged as much as 9%, South Korea’s SK Hynix Inc. jumped 6.8% and Taiwan Semiconductor Manufacturing Co. advanced 4.6%. The AI rally continued after hours in the US, when Marvell Technology Inc. projected 2024 revenue from the technology will at least double from a year ago. Earlier, shares of Nvidia soared 24%, propelling the com