China’s May exports are expected to climb to a 6% year on year, up from the 1.5% rise seen in April
Asia-Pacific stocks were mixed on Friday as investors awaited key economic data from China and digested Japan's pay numbers, with markets alsoChina's May exports are expected to jump 6% year on year, according to a Reuters poll of economists, up from the 1.5% rise seen in April. Imports are forecast to rise 4.2% year on year, a slower pace than the 8.4% increase in April.
Trendforce also noted that the walkout involved more workers at the Samsung headquarters in the capital Seoul rather than those directly involved in production.in Japan climbed 0.5% year on year in April, rising for the first month since February 2023, but missed Reuters poll estimates of a 0.6% growth.
April's data is significant as most Japanese companies restart their financial year and enact corporate changes in that month, which means that theCNBC Pro: These outperforming stocks are still set to soar, analysts say, giving one 52% upsideused FactSet to screen the S&P 500 and the MSCI World index to find out which stocks have already beaten the market this year — but could still come out ahead in the second half of the year and beyond.
Haefele specified that he still expects 50 basis points of rate cuts by the end of the year, starting sometime in September. He added that he is strategically exposed to technology assets, but also sees an opportunity emerging in small-cap names as the U.S. central bank begins to ease monetary conditions.An employer representative at a Veteran Employment and Resource Fair in Long Beach, California, on Jan. 9, 2024.
The early 1950s saw a run of 35 months when unemployment was below 4%. That has never been exceeded since.Economic data released Thursday morning showed jobless claims and the trade deficit moving higher, while labor costs were less than expected.
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