Stock Market Update
14-Sep-26 09:04 ET
Global markets mostly lower
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -52.00. Nasdaq futures vs fair value: -514.00.
The S&P 500 futures currently trade 52 points below fair value.
Equity indices in the Asia-Pacific region began the week on a mostly lower note with South Korea's Kospi (-3.3%) showing relative weakness. Chip stocks around the region felt pressure amid concerns about slowing demand for memory products. Samsung and SK Hynix rejected a proposal to make upfront payments for five years' worth of power delivery. Japan's chief cabinet secretary said that JGB issuance will be controlled through the initial and extra budgets.
- In economic data:
- China's August New Loans totaled CNY60.0 bln (expected CNY480.0 bln; last -CNY340.0 bln).
- China's August Outstanding Loan Growth was 5.0% yr/yr (expected 5.1%; last 5.1%).
- Japan's July Industrial Production decreased 0.2% m/m (expected 0.1%; last 1.9%).
- Japan's July Capacity Utilization increased 0.5% m/m (last 4.1%).
- Hong Kong's Q2 PPI increased 13.1% yr/yr (last 17.7%).
- Hong Kong's Q2 Industrial Production increased 2.3% yr/yr (last 3.2%).
- New Zealand's August Performance of Services Index rose to 51.2 (last 50.6).
- New Zealand's July Visitor Arrivals increased 0.5% m/m.
- India's August WPI Inflation was 9.92% yr/yr (expected 9.89%; last 9.78%).
- India's August CPI was 4.98% (expected 4.80%; last 4.44%).
---Equity Markets---
- Japan's Nikkei: -0.8%
- Hong Kong's Hang Seng: +0.5%
- China's Shanghai Composite: -0.1%
- South Korea's Kospi: -3.3%
- Australia's ASX All Ordinaries: UNCH
Major European indices trade on a mostly lower note while the U.K.'s FTSE (+0.7%) outperforms with consumer names contributing to the outperformance. Insurers have also shown some strength given the upward pressure on bond yields. European Central Bank policymakers Kazaks, Kazimir, and Simkus are leaving the door open to additional rate hikes.
- In economic data:
- Swiss August PPI increased 0.7% m/m (expected 0.1%; last -0.1%) and decreased 0.7% yr/yr (last -2.1%).
---Equity Markets---
- STOXX Europe 600: -0.4%
- Germany's DAX: -0.4%
- U.K.'s FTSE 100: +0.7%
- France's CAC 40: -0.9%
- Italy's FTSE MIB: -1.6%
- Spain's IBEX 35: -1.3%
