Asian markets rise after earnings-fueled rally on Wall Street

11/23/2022 7:45:00 AM

Asian markets rise after earnings-fueled rally on Wall Street

Asian markets rise after earnings-fueled rally on Wall Street

Asian shares advanced on Wednesday after solid earnings pushed retailers higher on Wall Street ahead of the Thanksgiving holiday in the U.S.

BANGKOK — Hong Kong’s Hang Seng index HK:HSI surged 0.Published: Nov.News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.return to replace Bob Chapek.

4% and the Kospi KR:180721 in Seoul rose 0.5%.m.In Sydney, the S&P/ASX 200 AU:XJO climbed 0.5%, while the Shanghai Composite index CN:SHCOMP slipped 0.m.2%.m.

Benchmarks rose in Taiwan TW:Y9999 and Indonesia ID:JAKIDX, but stocks fell in Singapore SG:STI.NEW! Paul Vigna | pvigna@pennlive.Markets were closed in Japan for a holiday.New.There will be as lane restriction on eastbound (downstream) side of the bridge from approximately 9 a...to noon so a crane can be placed on the bridge for the inspection, a press release said.“Magic is back,” MoffettNathanson analyst Michael Nathanson cheered the return of Iger and upgraded the rating from “market perform” to “outperform,” while raising his stock price target by $20 to $120.

BANGKOK — Hong Kong’s Hang Seng index HSI surged 0.4% and the Kospi 180721 in Seoul rose 0.As a safety precaution, the sidewalk has been closed while PennDOT develops a repair plan and completes the repairs.5%.In Sydney, the S&P/ASX 200 XJO climbed 0.The sidewalk on the upstream (north) side of the bridge is open.5%, while the Shanghai Composite index SHCOMP slipped 0.” He explained: “Over the many years, Mr.

2%.511PA.Benchmarks rose in Taiwan Y9999 and Indonesia JAKIDX , but stocks fell in Singapore STI.Markets were closed in Japan for a holiday.511PA, which is free and available 24 hours a day, provides traffic delay warnings, weather forecasts, traffic speed information and access to more than 1,000 traffic cameras.New Zealand’s benchmark NZ50GR declined after the Reserve Bank of New Zealand raised its benchmark rate by three-quarters of a point to 4.25%, striving to rein in inflation that is now at 7.Subscribe to PennDOT news and traffic alerts in Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Perry and York counties at.

2%.It’s the first time the bank has raised rates by more than a half-point since introducing the Official Cash Rate in 1999.The new rate is the highest in New Zealand since early 2009.On Tuesday, the S&P 500 SPX rose 1.4% to 4,003.

58 and the Dow Jones Industrial Average DJIA added 1.2% to 34,098.10.The tech-heavy Nasdaq composite COMP added 1.4% to 11,174.

41.Long-term Treasury yields fell.The yield on the 10-year Treasury, which influences mortgage rates, fell to 3.76% from 3.84% late Monday.

The Federal Reserve will release minutes Wednesday from its latest policy meeting, potentially giving investors more insight into its decision-making process.Wall Street has been hoping that the central bank might ease up on its aggressive rate increases.Its benchmark rate currently stands at 3.75% to 4%, up from close to zero in March.“Ahead of the release of Fed minutes, much focus has been placed on a slowing down on the pace of rate hikes,” Mizuho Bank said in a commentary.

“Nonetheless, even if a Fed rate hike step down might be imminent, the picture on risk/growth outlook is far from certain.” Investors have very little other news to review this week, but several retailers and technology companies are closing out the latest round of corporate earnings with their financial results.The Fed has warned that it may have to ultimately raise rates to previously unanticipated levels to cool the hottest inflation in decades.That raises the risk it could go too far in slowing economic growth and bring on a recession.The Paris-based Organization for Economic Cooperation and Development is forecasting modest economic growth globally this year and more tepid growth in 2023.

Russia’s war in Ukraine continues threatening energy supplies and key food commodities including wheat.A resurgence of COVID-19 cases in China continues threatening the world’s second-largest economy and global supply chains.“In 2023, we expect less pain but also no gain,” stated a report from Goldman Sachs looking ahead to the new year.The investment bank expects inflation and high interest rates to essentially flatten out corporate earnings and hold the broader stock market at its current levels, with the S&P 500 ending 2023 where it currently sits at around 4,000 points..

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A little false hope

Morning inspection planned Wednesday on Market Street Bridge: PennDOTThe lane is expected to be in place from 9 a.m. to noon, PennDOT says.

Stock Market Today: What to WatchDisney shares surged in premarket trading after the entertainment giant brought back Bob Iger as CEO less than a year after he left the company Now can Disney get back the business of making people happy? No more socially engineered tv shows please. So the pedophile stuff ain't working

Disney Stock Jumps as Wall Street Cheers Return of Bob Iger “Magic,” Predicts “Strategic Redirection”MoffettNathanson upgrades its rating on company shares to 'outperform' after 'concern that the former CEO Bob Chapek had become wedded to astreaming strategy that did not make sense given today’s reality.' Disney has huge problems with Pixar and Star Wars movies But with Iger they a great chance With Zaslav and Horn in WB and Iger in Disney seems like we get great fight in next years, but now difference between 2023 and 2024 is clear. WB will crush 2023, Disney will crush 2024 Jumped? It went down. Go woke go broke. Bob Iger is 'Woke' Market Summary Walt Disney Co 91.80 USD +0.35 (0.38%)today Closed: Nov 21, 7:20 AM EST • Disclaimer Pre-market 100.20 +8.40 (9.15%) ManaByte Thank goodness! Welcome back original Bob! Please return Disney to its greatness! No woke please!🙏🏻👍🏻👏🏻👏🏻. Glad to hear the news!

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