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Asian stocks were mostly higher on Wednesday, tracking gains on Wall Street overnight, with the S&P 500 and Nasdaq closing at new records.
Japan(NKY:IND) -0.85%. Japan’s trade deficit widens due to weak yen, exports grow less Better-than-expected performance in April.
In May 2024, the Reuters Tankan Sentiment Index for Japanese manufacturers was +9, unchanged from April.
In March 2024, Japan’s core machinery orders (excluding orders from ships and power companies) increased by 2.9% from the previous quarter to 913 billion yen.
China (Shanghai Composite Index) +0.09%. The offshore yuan fell below 7.24 after stabilizing in the previous session, as the People’s Bank of China set the official guidance rate at 7.1077, the lowest level since February 26.
Hong Kong (Hang Seng Index) +0.11%.
India (SENSEX) +0.16%.
Australia (AS51) -0.05%.
The Reserve Bank of New Zealand kept the official cash rate unchanged at 5.5% during its May 2024 policy meeting.
In the United States, all three major stock indexes ended higher on Tuesday as investors assessed a series of earnings reports from retailers and looked ahead to Nvidia’s results tomorrow, while digesting the latest comments from Federal Reserve officials.
U.S. stock futures held steady on Wednesday as investors looked ahead to Nvidia’s much-anticipated earnings report -0.03%; S&P 500 Index -0.01%; Nasdaq +0.04%.
Investors are now looking forward to the minutes of the latest Federal Reserve policy meeting for better guidance on the outlook for U.S. interest rates.
currency: (Japanese yen: U.S. dollar), (RMB: U.S. dollar), (Australian dollar: U.S. dollar), (Indian rupee: U.S. dollar), (Hong Kong dollar: U.S. dollar), (New Zealand dollar: U.S. dollar).
