All articles tagged with #japan gdp
Originally Published 7 months ago — by Reuters
Japan's Q1 GDP contraction was revised to a smaller 0.2% annualized decline from 0.7%, with slight upward revisions in consumption and private investment, amid ongoing US tariff uncertainties impacting exports and economic outlook.
Originally Published 1 year ago — by CNBC
Asian markets showed mixed results as investors reacted to economic data from China and Japan, alongside comments from U.S. Federal Reserve Chair Jerome Powell indicating no rush to cut interest rates. China's retail sales exceeded expectations, but industrial production and investment data fell short, while Japan's GDP grew 0.3% year-on-year, ending two quarters of decline. The Hang Seng index rose, but the CSI 300 fell, and Japan's Nikkei 225 increased following the GDP announcement. Meanwhile, U.S. markets declined, with the Dow, S&P 500, and Nasdaq all falling.
Originally Published 2 years ago — by Reuters
Asian markets are expected to open strong on Wednesday following the surge in stocks and investor sentiment worldwide after the release of cooling U.S. inflation data, which suggests a potential economic 'soft landing'. Key events to watch include the release of third quarter Japanese GDP and Chinese economic data, as well as the meeting between U.S. President Joe Biden and Chinese President Xi Jinping at the Asia Pacific Economic Cooperation forum. China's yuan has already climbed to a three-month high ahead of the talks. Additionally, investors will be focusing on the third quarter earnings reports from JD.Com and Tencent Holdings in China.
Originally Published 2 years ago — by CNBC
Asia-Pacific markets were mixed as Japan's second quarter GDP beat expectations, with the Nikkei 225 and Topix both closing higher. Australia's S&P/ASX 200 also climbed as investors digested the Reserve Bank of Australia's minutes, while Hong Kong's Hang Seng index and China's CSI 300 slid. China's central bank unexpectedly cut interest rates on one-year loans and suspended reporting the youth unemployment rate. Additionally, China's industrial production and retail sales figures for July missed expectations. In other news, Barclays named global stocks that are "most insulated as inflation falls," and Nvidia shares rallied after a prior week sell-off. Finally, a New York Federal Reserve survey showed that inflation expectations moved lower in July, while former Fed official Robert Kaplan expects rate cuts in 2024.