Aerial view of vehicles being driven on the road through the central business district on October 5, 2020 in Beijing, China.<\/p>\n
Zhang Qiao | Visual China Group | Getty Images<\/p>\n
Asia-Pacific markets opened December mostly in the red Monday as traders awaited fresh manufacturing data from China and rising expectations of a U.S. Federal Reserve rate cut this month.<\/p>\n
Traders are pricing in an 87.4% rate cut for the upcoming Fed meeting on Dec. 10, according to the CME FedWatch Tool.<\/a><\/p>\n Investors in Asia will be looking to China’s November manufacturing purchasing managers’ index from RatingDog, a private survey of mainly export-focused firms.<\/p>\n The gauge follows official data released Sunday<\/a> showing China’s factory activity improving slightly in November, but remained in contraction for the eighth consecutive month. Services weakened as the lift from earlier holidays faded.<\/p>\n Japan’s benchmark Nikkei 225<\/a> index fell 1.3%, and the Topix index retreated 0.72%. <\/p>\n South Korea’s Kospi index was down 0.66%, while the small-cap Kosdaq advanced 1.29%.<\/p>\n Australia’s ASX\/S&P 200 declined 0.23%.<\/p>\n Futures for Hong Kong’s Hang Seng Index<\/a> pointed to a higher open, trading at 26,022, against the index’s previous close of 25,858.89.<\/p>\n U.S. equity futures were little changed in early Asian hours after a winning week. <\/p>\n On Friday stateside, Wall Street came back from the Thanksgiving holiday for a shortened trading session. The Nasdaq Composite<\/a> advanced 0.65% to end the day at 23,365.69, scoring its fifth straight day of gains. <\/p>\n Meanwhile, the\u00a0S&P 500<\/a>\u00a0gained 0.54% to settle at 6,849.09. The\u00a0Dow Jones Industrial Average<\/a>\u00a0grew 289.30 points, or 0.61%, to finish at 47,716.42. <\/p>\n \u2014 CNBC’s Sean Conlon and Sarah Min contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Aerial view of vehicles being driven on the road through the central business district on October 5, 2020…\n","protected":false},"author":2,"featured_media":208939,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[4055,491,79,207,12388,14717,179,18,4050,19,5389,17,188,192,4052,6613,4054],"class_list":{"0":"post-208938","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asia-economy","9":"tag-breaking-news-markets","10":"tag-business","11":"tag-business-news","12":"tag-central-banking","13":"tag-currency-markets","14":"tag-economy","15":"tag-eire","16":"tag-hang-seng-index","17":"tag-ie","18":"tag-interest-rates","19":"tag-ireland","20":"tag-markets","21":"tag-nasdaq-composite","22":"tag-nikkei-225-index","23":"tag-world-economy","24":"tag-world-markets"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115641947499624074","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/208938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=208938"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/208938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/208939"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=208938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=208938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=208938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}