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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.46%, Hang Seng Futures (0.31%), ASX SPI 200 +0.33%, S&P Futures (0.13%)

Dec 16 ,2024

  • Synopsis:

    • Asian markets set for mixed start to Tuesday trade. Futures signaling mild opening gain in Japan while Hang Seng futures slightly weaker. ASX higher in initial trade. US contracts down slightly following uneventful Monday session. Australian and New Zealand bond yields little changed in-line with Treasuries. FX markets steady with yen near late-Nov low against dollar. Also muted price action in gold and crude. Bitcoin rallied past $108K before pulling back.

    • Weak China activity data (particularly retail sales) reinforced calls for Beijing to do more to revive consumption. Authorities foreshadowed looser policy stance in 2025 with rate and RRR cuts, though economists noted fiscal promises still lacking in detail with no appetite for big bang stimulus. China bond yields continue to make record lows with 10Y rate below 2% amid an uncertain economic outlook.

    • Nothing eventful on economic calendar today as markets await central bank meetings in US and Japan. FOMC previews straightforward with Fed widely expected to cut by 25 bp, though SEP and dot plot likely to get more attention with markets having wound back projected 2025 rate cuts. BOJ expected to hold with December rate hike odds having diminished following Governor Ueda's recent remarks on wages as well as lingering concern over US-related uncertainties.

  • Pre-open Company News:

    • 002056.CH -- Hengdian Group DMEGC Magnetic completes equity transfer of Dongshang New Energy

    • 500488.IN -- Abbott India CFO Sridhar Kadangode resigns to pursue other opportunities; effective 26-Feb-25

    • 817.HK -- China Jinmao Holdings Group disposes Hilton Sanya Resort to Hainan Lichi for CNY1.85B

    • 2142.HK -- HBM Holdings enters into research collaboration, license agreement with Candid Therapeutics for next-generation T-cell engagers

    • 532754.IN -- GMR Airports reports November total passenger traffic 11.2M, +14% y/y

    • 542830.IN -- Indian Railway Catering & Tourism CFO Gaisingam Kabui to step down on completion of tenure; effective today

    • 540180.IN -- Varun Beverages completes acquisition of remaining 39.93% stake in Lunarmech Technologies; deal announced 12-Nov

    • 507685.IN -- Wipro to acquire Applied Value Technologies companies for $40M (INR3.40B) in cash

    • PENG -- Penguin Solutions announces closing of $200M strategic investment from SK Telecom; updates EPS outlook for FY25 to reflect accounting impact

    • 010130.KS -- Korea zinc files FSS complaint against MBK over alleged NDA breach, insider trading

    • 836.HK -- China Resources Power Holdings appoints VP Wang Bo as president, effective today

    • 9434.JP -- CORRECTION/Clarification: SoftBank Corp CEO Masayoshi Son to invest $100B in U.S. over 4 years from 2025-29 -- CNBC

    • 836.HK -- China Resources Power Holdings total net generation of subsidiary power plants in November 2024 increased by 2.5% year on year to 17.0M MWh

    • +MTRS -- Metros Development withdraws F-1 registration - RW

    • 534816.IN -- Indus Towers notes income tax appellate order reducing continent liability by INR35.00B

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Foreign Direct Investment Y/Y; consensus

  • Market Data:

    • Gold (Feb 25): ($0.40) or (0.01%) to $2669.60

    • WTI Crude (Jan 25): ($0.10) or (0.14%) to $70.61

    • $-¥: +0.50 or +0.33% to 154.1740

    • $-KRW: (2.89) or (0.20%) to 1432.5900

    • A$-$: +0.00 or +0.14% to 0.6372

    • $-INR: +0.15 or +0.18% to 84.9749

    • $-CNY: +0.01 or +0.09% to 7.2823

  • If you would like to receive the Asian Market Preview daily, please search for Asia Pre-Market Updates in Alert Manager.

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE