South Korean defense stocks power ahead as overseas interest grows for weapon systems
South Korea has benefited from increased global military expenditure, according to Morgan Stanley, citing Stockholm International Peace Research Institute.
Automakers promote advanced tech to compete in China — the world’s top EV market
China is the world’s largest EV market with 5.9 million units sold in 2022, capturing 59% of EVs sold globally, according to Canalys.
Asia markets mixed as rising U.S. bond yields pressure equities
Investors will also be looking to the Reserve Bank of Australia’s monetary policy statement, which will detail its rationale after it unexpectedly held rates on Tuesday.
Japan is Asia’s most expensive location to send expats — here are the other top spots
Globally, Japan ranked second while the U.K. came up on top as the most expensive location to send expatriates, according to ECA International.
A new luxury hotel is opening near Singapore — but you’ll need a boat to reach it
ONE°15 Marina Nirup Island joins other private islands that have opened in Indonesia’s Riau Island. A Westin hotel is scheduled to open in late 2024.
European stocks are in for a big fall — and the signs are in the economic data, UBS and BofA warn
Both investment banks say that global factors that have held up European stocks this year are fading away.
‘Stark contrast’ to China: Morgan Stanley upgrades India stocks and shares 4 top picks
Morgan Stanley upgraded Indian stocks to “overweight,” citing a strong profit outlook and the country’s attractiveness to investors in a “multipolar world.”
CNBC Daily Open: Investors are looking for signs of weakness
Investors are looking more closely at fundamentals, that is, at whether stock prices can be justified by the company’s earnings.
Dow rises 200 points as traders cheer strong earnings, weigh jobs report: Live updates
The three major indexes are on pace for week-to-date losses.
Here’s everything you need to look for in Friday’s July jobs report
Wall Street expects that nonfarm payrolls increased by 200,000 in July, the smallest gain since December 2020
