Asian markets mixed as investors further assimilate China’s modest growth target

Asian markets mixed as investors further assimilate China’s modest growth target
Asian markets mixed as investors further assimilate China’s modest growth target

2 hours ago

CNBC Pro: Wall Street pros name the biggest stock market risk — and reveal how to trade it

Stock markets are generally in the green this year, but the rally is causing concern, with several risk factors still affecting the market.

How should investors trade the market? Wall Street pros step in with their best ideas.

Pro subscribers can learn more here.

— Zavier Ong

2 hours ago

CNBC Pro: Goldman Sachs added 3 stocks to its conviction buy list, yielding a 100% upside

Fri Mar 3 2023 4:06 PM EST

Major averages close higher

Stocks closed higher on Friday, pushing major averages toward a winning week.

The Dow Jones Industrial Average rose 387.40 points, or 1.17%, to 33,390.97. The S&P 500 climbed 1.61% to 4,045.64, and the Nasdaq Composite gained 1.97% to close at 11,689.01.

For the week, the Dow Jones ended up 1.75%. The S&P gained 1.9% and the Nasdaq jumped 2.58%.

—Tanaya Macheel

Thu, Mar 2, 2023 6:45 PM EST

Weaker labor market could lead to risky trade, says David Rosenberg

David Rosenberg, chief economist and strategist at Rosenberg Research, believes the stock market will experience a sustained recovery when the labor market begins to contract in three to four months.

“Right now you have a situation where the stock markets and the credit markets seem to think they have more time they can buy before the boom is really reduced on the economy,” Rosenberg said on CNBC’s “Fast Money” on Thursday.

“There is no doubt that the economy is not strong, but it needs to weaken precipitously. Unemployment has to start to contract…I think that’s where you’re going to find the risk on the trade,” he added.

The employment picture started 2023 on an incredibly strong note, with nonfarm payrolls posting their largest increase since July 2022. The Federal Reserve could reverse its tightening policy when the labor market shows weakness.

—Yun Li

Fri, Mar 3, 2023 10:14 a.m. EST

Brent Oil Prices Fall on Reports UAE Considers OPEC Exit

Relations between Saudi Arabia and the United Arab Emirates are increasingly strained, according to a report by the Wall Street Journal. Citing Emirati officials, the report said the UAE is considering whether it should leave OPEC.

News of the potential oil cartel breakup sent a chill to Brent prices. At one point in Friday’s session, prices had fallen almost 3%, before recovering. Recently, the global benchmark fell 0.85% to $84.03.

The two oil-producing nations are vying for influence and at odds over the direction of the war in Yemen, according to the report.

See the table…

Oil prices fell almost 3% before recovering following a report that the United Arab Emirates could leave OPEC.

—Christina Cheddar Berk


. Les markets asian mixed then the investors assimilate more the lens growth modest China

. Asian markets mixed investors assimilate Chinas modest growth target

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