"Asia-Pacific Markets in 2024: Trends, Risks, and Investor Sentiment"
Asian-Pacific markets had a mixed start to the year, with Chinese stocks opening lower due to a further contraction in manufacturing activity, as indicated by the official manufacturing PMI dropping to 49 in December. In contrast, a private survey by Caixin showed a slight expansion. Japan's markets remained closed following a significant earthquake, while Australia's manufacturing sector also experienced a sharp contraction. U.S. stock futures were flat as markets were closed for New Year's Day. Energy stocks and the outlook for Big Oil were also discussed, with Goldman Sachs highlighting potential in European Big Oil companies.