29 minutes ago
Japan’s unemployment rate remains unchanged in November
Japan’s unemployment rate remained unchanged at 2.5% in November from the previous month, according to government data on Tuesday.
The unemployment rate was also in line with the Portal survey forecast of 2.5%.
Separately, Bank of Japan data showed the services producer price index rose 2.3% in November.
The producer price index for the services sector also remained unchanged compared to the previous month.
Japan’s Nikkei 225, which opened flat on Tuesday, is expected to end this year up more than 27%. The yen traded slightly stronger against the dollar, at around 142.
—Shreyashi Sanyal
An hour ago
CNBC Pro: Analysts love these top-performing stocks and expect them to rise even further in 2024
Markets in the US and elsewhere have seen strong gains this year.
The S&P 500 is up around 24% year-to-date and the MSCI World Index is up around 22%.
And there may be more room for investors to remain optimistic in the coming year with the Federal Reserve announcing three more interest rate cuts in 2024.
CNBC Pro looked for stocks that have beaten the S&P 500 and MSCI World indexes so far this year – and that analysts see further upside potential over the next 12 months.
Subscribers can read more here.
– Weizhen Tan
An hour ago
CNBC Pro: Will Bitcoin rally after a major technical event in April? History shows that
Bitcoin is approaching a major technical event known as “halving” in April 2024.
Many investors expect this closely watched event to be a catalyst for price increases, as the cryptocurrency is programmed to reduce the supply of newly created and awarded Bitcoins to miners by 50% approximately every four years.
CNBC Pro’s data analysis sheds light on the returns typically expected following Bitcoin halving events.
Pro subscribers can read more here.
– Ganesh Rao