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Most of Asia Pacific’s largest banks fell in Q1: S&P
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CNBC Pro: Goldman Sachs turned bearish on BMW and others — and Tesla could be to blame
1 hour ago
BOJ’s JGB holdings reach record high in March
The Bank of Japan’s holdings of Japanese government bonds hit a record high by the end of March. data showed on Friday.
The Bank of Japan announced that it held 581.7 trillion yen worth of government bonds as of March 31. — It is the largest amount since the Bank of Japan began compiling data in 2013, according to Reuters.
— Lee Ji-hye
2 hours ago
China imposes additional sanctions on Taiwan’s de facto ambassador to US
China has imposed further sanctions on Taiwan’s de facto ambassador to the United States, Xiao Bikim, for “depending on the United States to seek Taiwan’s independence,” state media Xinhua reported. reported. reportciting the Taiwan Office of China.
The measure bars Xiao and her family from entering mainland China, Hong Kong and Macau. It also prohibits Xiao-linked investors and companies from “cooperating with mainland organizations and individuals,” the report said.
The move came after Taiwan’s President Tsai Ing-wen met U.S. House Speaker Kevin McCarthy during a stopover in California earlier this week.
— Lee Ji-hye
3 hours ago
Currency check: Weak Korean won, strong Japanese yen
Asian currencies traded mixed on Friday as the Dollar Index rose 0.12% to 101.95 in the morning session.
The Japanese yen traded at slightly stronger levels at 131.75 against the dollar, while the Korean won weakened slightly against the US dollar at 1,319.80.
of offshore renminbi It also saw some strengthening against the dollar to 6.8855.
The Australian dollar was volatile, last trading at 0.6673 per dollar.
— Lee Ji-hye
4 hours ago
Japanese household spending not growing as expected
Japan’s total household spending increased by 1.6% year-on-year in February. government data Indicated.
The reading was lower than the 4.3% expected in a Reuters poll, up from the 0.3% contraction seen in January.
Month-to-month, all household spending fell 2.4%, reversing the 2.7% growth seen in the previous month.
Apart from this, the Japanese economy overtime pay in february It rose 1.7% year-on-year, up from 1.1% last time.
— Lee Ji-hye
5 hours ago
Samsung Electronics Sees 96% Decline in First Quarter Operating Profit
Samsung Electronics estimates that operating profit for the first quarter likely fell to KRW 600 billion ($455 million), according to the company’s latest information. Revenue guidance release on friday.
This represents a 95.7% decrease from operating profit of KRW 14.12 trillion. Q4 2022.
Sales are expected to drop by nearly 20% compared to last year’s 63 trillion won, Samsung said in a release.
Shares of Samsung Electronics jumped 3.2% at the start of trading, according to the company’s estimates.
— Lee Ji-hye
3 hours ago
CNBC Pro: Want to play with soaring gold prices? These stocks are seen up at least 20%
With the gold price hovering near record highs, CNBC Pro has compiled a list of stocks to buy that are expected to surge by more than 20%.
Pro subscribers can read more here.
— Xavier Ong
13 hours ago
Federal Reserve’s Bullard thinks inflation is sticky
St. Louis Federal Reserve Governor James Bullard said Thursday that he does not expect inflationary pressures to subside anytime soon.
There is still a long way to go, but I believe inflation will remain strong. Getting inflation back to his 2% target will be tough. Bullard said there was a need to put pressure on inflation to ensure it fell, according to Reuters.
With the Fed scheduled to meet next month, traders are pricing in a near 50-50 chance of the next rate hike.
— Fred Imbert
17 hours ago
Earnings expected to record worst decline since Q3 2020
The first quarter earnings season kicks off next week with reports from big banks such as JP Morgan and Citigroup. According to Goldman Sachs, consensus forecasts show his S&P 500 earnings per share are down 7% year-over-year, the biggest decline since the third quarter of 2020. It also said it would “significantly worsen” from the 1% decline in the previous quarter.
— Yun Lee
16 hours ago
228,000 unemployment claims last week, higher than expected
A total of 228,000 unemployment claims were filed for the week ending April 1, a sign the labor market is under pressure, the Labor Department reported Thursday.
The total actually represents a decrease of 18,000 from the previous week, following a seasonal correction that increased the originally reported number by 48,000 to 246,000. Economists polled by Dow Jones were looking for 200,000 from Thursday’s report.
One week late recurring claims rose to 1,823,000, the highest since December 2021.
The report comes a day ahead of the department’s non-farm payrolls, which is expected to show an increase of 238,000 in March.
— Jeff Cox
