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Tag: KOSPI Index

  • Japan stocks plunge 5% with Asia markets broadly lower after Wall Street sell-off

    Japan stocks plunge 5% with Asia markets broadly lower after Wall Street sell-off

    An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024. 

    Bloomberg | Bloomberg | Getty Images

    Japan’s Nikkei 225 nosedived almost 5% on Friday, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight.

    The Nikkei extended its 2.62% slide on Thursday to lead losses in the region and reach its lowest level since February. The Topix also plunged more than 5%.

    Some heavyweight names that are seeing losses include Softbank Group, which tumbled over 7%. Trading houses Mitsui and Marubeni saw losses of over 9% and 7%, respectively.

    Japanese government bond yields fell, with the yield on the benchmark 10-year JGB falling below the 1% mark and hitting it lowest level since June 20.

    South Korea’s Kospi tumbled 2.6%, while the small-cap Kosdaq plunged 2.56%.

    However, K-pop stocks were a bright spot for the market. Shares of three of the four listed K-pop companies defied the broader sell-off to climb on Friday, led by Hybe after the firm announced its new business strategy on Thursday after market hours.

    Australia’s S&P/ASX 200 was down 2.02% , retreating from its all-time high achieved on Thursday.

    Hong Kong’s Hang Seng index futures were at 17,047, lower than the HSI’s last close of 17,304.96.

    Separately, South Korea’s inflation numbers for July came in slightly higher than expected, with the country’s consumer price index climbing 2.6% year on year, compared to the 2.5% expected by economists polled by Reuters.

    The gloomy sentiment in Asia markets comes after a sell-off on Wall Street in Thursday’s trading session, which saw all three major U.S. indexes plunge on recession fears.

    The Dow Jones Industrial Average dropped 1.21%, while the S&P 500 shed 1.37% and the tech heavy Nasdaq Composite slipped 2.3%.

    The Russell 2000 index, the small-cap benchmark that has rallied lately, dropped 3%.

    In the U.S., fresh data stoked fears over a possible recession and apprehensions that the Federal Reserve could be too late in cutting interest rates.

    Initial jobless claims rose the most since August 2023. The ISM manufacturing index, a barometer of factory activity in the U.S., came in at 46.8%, worse than expected and signaling economic contraction.

    After these data, the 10-year Treasury yield dropped below 4% for the first time since February.

    —CNBC’s Pia Singh and Samantha Subin contributed to this report.

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  • Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership

    Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership

    A man walks past a logo of SK Hynix at the lobby of the company’s Bundang office in Seongnam on January 29, 2021.

    Jung Yeon-Je | AFP | Getty Images

    SK Hynix, one of the world’s largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its leadership in advanced memory chips critical for artificial intelligence computing.

    Here are SK Hynix’s second-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:

    • Revenue: 16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won
    • Operating profit: 5.47 trillion Korean won, vs. 5.4 trillion Korean won

    Operating profit in the June quarter hit its highest level since the second quarter of 2018, rebounding from a loss of 2.88 trillion won in the same period a year ago.

    Revenue from April to June increased 124.7% from 7.3 trillion won logged a year ago. This was the highest quarterly revenue ever in the firm’s history, according to LSEG data available since 2009.

    SK Hynix on Thursday said that a continuous rise in overall prices of its memory products — thanks to strong demand for AI memory including high-bandwidth memory — led to a 32% increase in revenue compared with the previous quarter.

    The South Korean giant supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia.

    Shares of SK Hynix fell as much as 7.81% Thursday morning.

    The declines came as the South Korea’s Kospi index lost as much as 1.91% after U.S. tech stocks sold off overnight, following disappointing Alphabet and Tesla earnings. Those reports mark investors’ first look at how megacap companies fared during the second quarter.

    “In the second half of this year, strong demand from AI servers are expected to continue as well as gradual recovery in conventional markets with the launch of AI-enabled PC and mobile devices,” the firm said in its earnings call on Thursday.

    Capitalizing on the strong AI demand, SK Hynix plans to “continue its leadership in the HBM market by mass-producing 12-layer HBM3E products.”

    The company would begin mass production of the 12-layer HBM3E this quarter after providing samples to major customers and expects to ship to customers by fourth quarter.

    Tight supply

    Memory leaders like SK Hynix have been aggressively expanding HBM capacity to meet the booming demand for AI processors.

    HBM requires more wafer capacity than regular dynamic random access memory products – a type of computer memory used to store data – which SK Hynix said is also struggling with tight supply.

    “Investment needs are also rising to meet demand of conventional DRAM as well as HBM which requires more wafer capacity than regular DRAM. Therefore, this year’s capex level is expected to be higher than what we expected in the beginning of the year,” said SK Hynix.

    “While overcapacity is expected to increase next year due to the increased industrial investment, a significant portion of it will be utilized to ramp up production of HBM. So the tight supply situation for conventional DRAM is likely to continue.”

    SK Kim of Daiwa Capital Markets in a June 12 note said they expect “tight HBM and memory supply to persist until 2025 on a bottleneck in HBM production.”

    “Accordingly, we expect a favourable price environment to continue and SK Hynix to record robust earnings in 2024-25, benefitting from its competitiveness in HBM for AI graphics processing unit and high-density enterprise SSD (eSSD) for AI-servers, leading to a rerating of the stock,” Kim said.

    High-bandwidth memory chip supplies have been stretched thanks to explosive AI adoption fueled by large language models such as ChatGPT.

    The AI boom is expected to keep supply of high-end memory chips tight this year, analysts have warned. SK Hynix and Micron in May said they are out of high-bandwidth memory chips for 2024, while the stock for 2025 is also nearly sold out.

    Large language models require a lot of high-performance memory chips as such chips allow these models to remember details from past conversations and user preferences in order to generate humanlike responses.

    SK Hynix has mostly led the high-bandwidth memory chip market, having been the sole supplier of HBM3 chips to Nvidia before rival Samsung reportedly cleared the tests for the use of its HBM3 chips in Nvidia processors for the Chinese market.

    The firm said it expects to ship the next generation 12-layer HBM4 from the second half of 2025.

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  • Asia-Pacific markets climb, tracking gains on Wall Street; yen intervention suspected

    Asia-Pacific markets climb, tracking gains on Wall Street; yen intervention suspected

    Cherry trees in bloom near the Nippon Budokan in Tokyo, Japan, on Sunday, April 7, 2024. 

    Bloomberg | Bloomberg | Getty Images

    Asia-Pacific markets rose on Wednesday after the Dow Jones Industrial Average and the S&P 500 closed at record highs overnight as traders become increasingly bullish on interest rate cuts.

    Japan’s Nikkei 225 rose 0.23%, while the Topix was up 0.44% after the Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers.

    The manufacturing index was at +11, up from +6 in the previous month. However, confidence among non-manufacturers dipped from +31 to +27.

    Separately, Japanese authorities likely intervened in the currency market last Thursday and Friday, spending a total of 6 trillion yen ($37.9 billion) over the two days, according to Reuters.

    The yen is currently at 158.3 against the U.S. dollar. The currency weakened to 161.82 last Wednesday before strengthening to as much as 157.41 the following day.

    Australia’s S&P/ASX 200 gained 0.29%, just shy of its all time high of 8,037.3 points.

    South Korea’s Kospi was trading close to the flatline, and the small-cap Kosdaq climbed 0.14%.

    Hong Kong’s Hang Seng index futures were at 17,843, higher than the HSI’s last close of 17,727.98.

    Singapore’s non-oil domestic exports slipped more than expected in June, marking a fifth straight month of declines. They fell 8.7% year on year compared to a 1.2% decline expected by economists polled by Reuters.

    On a month-on-month basis, Singapore’s non-oil domestic unexpectedly dropped 0.4%, compared with a expectations of a 4.1% growth.

    Overnight, the Dow blue-chip index gained 1.85%, closing at 40,954.48, while the broad-based S&P 500 added 0.64% to wrap the day at 5,667.20. The Nasdaq Composite rose 0.20%.

    —CNBC’s Pia Singh contributed to this report.

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  • Asia-Pacific markets open higher ahead of business activity data from the region

    Asia-Pacific markets open higher ahead of business activity data from the region

    A block of industrial factories sits among newer apartment buildings along a canal in Tokyo, Japan. 

    Photo By Michael Russell | Moment | Getty Images

    Asia-Pacific markets opened higher on Wednesday, after U.S. Federal Reserve Chair Jerome Powell noted progress on inflation, but reiterated patience on cutting rates at a central banking forum.

    Traders in Asia await June business activity data from India, Japan and China which is set for release later in the day.

    Japan’s Nikkei 225 was up 0.45% extending its run above the 40,000 mark, while the broad-based Topix was up 0.11%.

    South Korea’s Kospi started the morning up 0.50%, while the Kosdaq Index rose 0.8%.

    Australia’s S&P/ASX 200 opened up 0.17% in early trade.

    Hong Kong Hang Seng index futures were at 17,764, lower than the HSI’s last close of 17,769.14.

    Overnight in the U.S., the Dow Jones Industrial Average gained 0.41%, the S&P 500 gained 0.62%, and the Nasdaq Composite jumped 0.84%. Both the Nasdaq and the S&P 500 hit record high closes.

    Tesla shares helped lift the S&P 500 after Elon Musk’s electric vehicle company beat expected deliveries for the second quarter.

    —CNBC’s Pia Singh and Sarah Min contributed to this report.

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  • Asia-Pacific markets mostly rise ahead of Australia’s May inflation data

    Asia-Pacific markets mostly rise ahead of Australia’s May inflation data

    Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia.

    James D. Morgan | Getty Images News | Getty Images

    Asia-Pacific markets mostly rose Wednesday as investors anticipate Australia’s inflation numbers for May and Singapore’s May manufacturing output data.

    Australia’s core inflation rate is expected to come in at 3.8% in May, according to a Reuters poll of economists. This is higher than the 3.6% recorded in April.

    Should inflation come in higher than expected and spur the Reserve Bank of Australia to raise rates, it would be the first major Asia-Pacific central bank to do so in an environment where investors are waiting for rate cuts, barring Japan. RBA Governor Michelle Bullock recently revealed the central bank discussed hiking rates at its last meeting.

    The RBA has two inflation readings to consider — June 26 and July 31— before its next meeting on Aug. 6.

    Singapore’s May factory output will also be released Wednesday, with a Reuters poll of economists predicting a 2% year-on-year growth rate, as compared to a 1.6% decline recorded in April.

    Australia’s S&P/ASX 200 lost 0.70% Wednesday.

    Japan’s Nikkei 225 gained 0.50% in morning trade while the broad-based Topix was up marginally. South Korea’s Kospi gained 0.16% while the small-cap Kosdaq traded close to the flatline.

    Hong Kong Hang Seng index futures were at 17,958, lower than the HSI’s last close of 18,072.9.

    Overnight in the U.S., the Dow Jones Industrial Average declined, shedding 0.76% and closing at 39,112.16. Led by an Nvidia rebound, the broad market S&P 500 added 0.39% while the Nasdaq Composite advanced 1.26%, with both indexes ending three-day losing streaks.

    — CNBC’s Hakyung Kim and Samantha Subin contributed to this report.

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  • Japan stocks rise after cooler-than-expected core inflation data; India’s Nifty hits fresh record

    Japan stocks rise after cooler-than-expected core inflation data; India’s Nifty hits fresh record

    Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, April 25, 2023. Photographer: Kentaro Takahashi/Bloomberg via Getty Images

    Bloomberg | Bloomberg | Getty Images

    Asia-Pacific markets fell Friday after Japan’s May core inflation data came in slightly cooler than expected.

    The country’s core inflation rate — which strips out prices of fresh food — came in at 2.5%. A Reuters poll of economists expected the May core inflation reading to come in at 2.6%, compared with April’s 2.2%.

    The so-called “core-core” inflation, which strips out prices of fresh food and energy, came in at 2.1%. This is lower than April’s reading of 2.4%. The metric is considered by the Bank of Japan when formulating the country’s monetary policy.

    Japan’s headline rate rose to 2.8%, higher than April’s figure of 2.5%.

    Japan’s Nikkei 225 rose 0.03%, while the broad-based Topix gained 0.21%.

    Softbank — the third heaviest weighted stock on the index — saw shares drop 2.87% after Softbank Group CEO Masayoshi Son said the company needed “immense capital” to develop AI robotics.

    The yen weakened for a seventh straight day, declining to 158.95 against the U.S. dollar.

    Japan’s chief currency diplomat, Masato Kanda, said the government was ready to make a move against the volatile currency market that has hurt the economy, Reuters reported.

    The U.S. Treasury Department placed Japan on its currency “Monitoring List,” but did not classify it as a currency manipulator.

    India’s benchmark Nifty 50 index gained 0.1% to hit a new record high.

    HSBC flash Composite Purchasing Managers’ Index for India rose to 60.9 in June from 60.5 in May. The data complied by S&P Global showed that growth was stronger at goods producers compared to service providers.

    Stock Chart IconStock chart icon

    South Korea’s Kospi fell 0.94%, while the small-cap Kosdaq lost 0.54%.

    Separately, the country announced that the finance ministers of South Korea and Japan will meet on June 25 to discuss bilateral and multilateral cooperation, as well as their views on the global economy. The meeting will be held two months after both parties agreed to manage excessive currency volatilities during their meeting in Washington.

    Mainland China’s CSI 300 dipped 0.60%, while Hong Kong’s Hang Seng index declined 1.71%.

    Australia’s S&P/ASX 200 ticked up 0.18%

    Overnight in the U.S., the S&P 500 closed 0.25 % lower after hitting a new high. The Nasdaq Composite dipped 0.79%, while the Dow Jones Industrial Average climbed 0.77%. Nvidia slipped 3.5% after rising earlier in the trading day.

    —CNBC’s Samantha Subin and Brian Evans contributed to this report.

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  • CNBC Daily Open: Wall Street rattled over Fed worries

    CNBC Daily Open: Wall Street rattled over Fed worries


    A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. 

    Brendan McDermid | Reuters

    This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

    What you need to know today

    Wall Street retreats
    U.S. stocks     lost ground on Monday and Treasury yields rose amid lingering concerns that the Federal Reserve may not cut rates as much as expected. The blue-chip Dow fell over 200 points. The S&P 500 also slumped after hitting a record high last week. The Nasdaq Composite also dropped 0.2%. 

    Oil’s supply crunch
    The oil market faces a supply crunch by the end of 2025 as the world is not replacing crude reserves fast enough, according to Occidental CEO Vicki Hollub. About 97% of the oil produced today was discovered in the 20th century, she told CNBC. 

    Palantir surges
    Shares of Palantir spiked 19% in extended trading after the company reported revenue that topped analysts’ estimates. In a letter to shareholders, Palantir CEO Alex Karp said demand for large language models in the U.S. “continues to be unrelenting.”

    Red Sea tensions
    Higher shipping costs due to tensions in the Red Sea could hinder the global fight against inflation, said the Organisation for Economic Co-operation and Development. Clare Lombardelli, chief economist at the OECD, told CNBC that shipping-driven inflation pressures remain a risk rather than its base case.

    [PRO] Banking allure
    The banking sector offers attractive opportunities despite an increase in volatility, according to fund manager Cole Smead. “It’s the banks that made bad decisions that are making [other] banks look attractive in pricing,” Smead told CNBC, who picked two bank stocks that are in play. 

    The bottom line

    Investors are once again getting ahead of themselves on the Fed’s next move.

    Markets were rattled after Federal Reserve Chair Jerome Powell reiterated the central bank is unlikely to rush to lower interest rates. 

    Wall Street has been parsing his hawkish comments, yet in essence what Powell said over the weekend was no different than what he shared at Wednesday’s press conference: that he wants to see more evidence that inflation is coming down to a sustainable level.

    Still, the debate over the timing of rate cuts unsettled Fed watchers.  

    This sparked a sell-off spurred by higher bond yields. The yield on the 10-year Treasury spiked for a second day, trading around 4.163%. Typically, higher yields tend to indicate investors think the Fed will take longer to cut rates. 

    Fresh data out Monday also didn’t help.  A new survey showed the U.S. services sector expand at a faster-than-expected clip in January. 

    This on top of the booming jobs report released Friday, fueled investor worries that rates may stay elevated for much longer.

    Wall Street will now look ahead to the swath of Fed speakers this week. Perhaps they will shed more light on the path for rate cuts.



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  • CNBC Daily Open: Worst day in months for markets as FedEx slumps

    CNBC Daily Open: Worst day in months for markets as FedEx slumps

    Parcels are seen in a street nearby UPS and FedEx trucks in a street of the Manhattan borough in New York City on December 4, 2023. 

    Charly Triballeau | AFP | Getty Images

    This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

    What you need to know today

    Worst day in months
    U.S. markets fell Wednesday, with all major indexes snapping their winning streaks in one of their worst trading sessions in months. Still, U.S. Treasury yields continued to dip. Asia-Pacific markets lost ground Thursday, following Wall Street lower. South Korea’s Kospi Index slipped 0.77% even as the country’s producer prices rose at their slowest pace in four months.

    Citi shutters another unit
    Citigroup is closing its global distressed-debt group, CNBC has learned from people with direct knowledge of the move. That closure follows last week’s announcement that the bank’s shuttering its municipal-bond trading operations. CEO Jane Fraser is in the process of restructuring Citigroup, exiting businesses with poor returns to help the bank hit its performance targets.

    Clock’s ticking on watch ban
    Apple has failed in its bid to delay a ban on sales of Apple Watch, according to an International Trade Commission filing. That means only a White House intervention will let Apple continue selling its watches in the U.S. Joe Kiani, CEO of Masimo — the company involved in the intellectual property dispute with Apple — told CNBC on Monday that Apple had not reached out to settle.

    Tesla’s the “it” stock
    Out of all securities on the U.S. market, Tesla’s on pace to attract the most amount of individual investor dollars in 2023, according to data from Vanda Research. That means inflows into the stock will surpass the SPDR S&P 500 ETF Trust, which tracks the largest index in the world. To put Tesla’s popularity in perspective, it wasn’t even among the top 20 stocks retail investors bought before 2019.

    [PRO] Diversify your portfolio
    The upcoming year presents several challenges to investors. A recession might hit the U.S. economy, geopolitical risks might escalate and inflation might rebound. CNBC Pro spoke to three investment experts to find out how to create a diversified portfolio that can hedge against volatility in 2024.

    The bottom line

    FedEx‘s performance is often seen as a bellwether for the general economy. When businesses ship fewer parcels, it tends to indicate a slowdown in economic activity.

    So, when FedEx issued a worse-than-expected forecast for its current fiscal year, and reported disappointing second-quarter results, it wasn’t solely a warning for investors in the company. FedEx, whose stock sank 12.05%, may also signal trouble for the broader market, according to Wolfe Research.

    ″[W]hile volatile at times, the correlation between FDX and the S&P has been a solid one,” Wolfe Research managing director Rob Ginsberg wrote on Monday. “Now, it probably won’t derail the year-end melt-up, but given the multitude of overbought conditions and stretched indicators, a market pricing in perfection just got a bit of troubling news.”

    And markets indeed had a bad day. The S&P 500 tumbled 1.47%, the most it’s lost in one session since September. Meanwhile, the Dow Jones Industrial Average fell 1.27% and the Nasdaq Composite lost 1.5% — both indexes snapped their nine-day winning streaks in their worst day since October.

    That disappointing showing, however, doesn’t necessarily mean the start of a prolonged slide for markets. Treasury yields are still dipping, which tends to boost stocks. There were also pockets of strength amid the sell-off yesterday. Alphabet, for instance, gained 1.24% and touched a new 52-week high during the session. Consumer confidence in December also picked up, according to the Conference Board.

    Keith Buchanan, senior portfolio manager at Globalt Investments, said market losses were “more technical than fundamental,” meaning it was more the breakneck pace at which stocks had been rallying that posed a risk, rather than their intrinsic value.

    “Markets were becoming overbought, and a pullback like this is natural given those conditions,” Buchanan said.

    As any recipient of a FedEx package knows, a delayed delivery isn’t the end of the world; you just have to move past the hiccup. The same goes for markets.

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  • CNBC Daily Open: AI to the rescue

    CNBC Daily Open: AI to the rescue

    A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters AI on a laptop screen in Frankfurt am Main, western Germany.

    Kirill Kudryavtsev | Afp | Getty Images

    This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

    What you need to know today

    Google’s answer to ChatGPT    
    Google owner     Alphabet’s shares jumped 5% Thursday, a day after the company announced its latest artificial intelligence model, Gemini, that will compete with OpenAI, Microsoft and Meta offerings. The company will start licensing Gemini to customers through Google Cloud later this month — it remained unclear whether Google plans to monetize Gemini through all of its products in the long term.

    Bye, losing streak
    Wall Street’s main indexes rose Thursday, with the Dow Jones Industrial Average and the S&P 500 snapping three-day losing streaks. The Nasdaq Composite closed 1.37% higher, leading gains on a tech-driven rally. The 30-stock Dow added 0.17%, while the S&P 500 climbed 0.8% ahead of Friday’s all-important jobs report. Asia-Pacific markets were mixed, with Japan’s Nikkei 225 down 1.91% and Korea’s Kospi up 1.02%.

    AMD ups the ante   
    AMD launched new artificial intelligence chips on Wednesday that will compete against Nvidia to power AI applications. Shares of the chipmaker surged 9.9% Thursday to close at $128.37, marking its best day since May and the highest close since June. Nvidia has dominated the AI chip market for the past year, but cloud providers and technology companies have been searching for a flexible alternative to save costs.

    No yoga pants this Christmas
    Lululemon, known for its yoga pants and belt bags, issued a tepid fourth-quarter outlook. The retailer said it was expecting sales between $3.14 billion and $3.17 billion during the quarter, just shy of analysts’ estimate of $3.18 billion, according to LSEG. This despite the company seeing strong third-quarter demand and a positive start to the holiday shopping season.

    [PRO] These global stocks may be overbought
    U.S. stocks aren’t they only ones doing well — global markets have also rallied in the past month. These are a few global stocks that may have been overbought but analysts still like them — giving one nearly 40% upside.

    The bottom line

    Oxford's word of the year is "rizz", which it defines as pertaining to someone's ability to attract another person through style, charm, or attractiveness and is derived from the middle part of the word 'charisma'. On Wall Street, it might as well be "AI".

    Wall Street resumed its rally after a three-day break as technology giants intensified their AI arms race, lifting tech stocks.

    When you have Google launching a new AI model and AMD eying a slice of the scorching AI chip pie, there are few surer ways to turn investors frowns upside down.  Artificial intelligence, which perhaps wasn't even part of our daily vocabulary five years ago, is now becoming more and more integrated with our day-to-day functioning.

    But it is left to be seen if these gains could shine through Friday's session that will be guided by fresh evidence on the strength of the U.S. labor market, which has been a key focus this week amid a series of mixed data releases that have left traders scratching their heads.

    Weekly jobless claims released Thursday missed economists' expectations, signaling the pace of layoffs hasn't increased, while private payrolls data on Wednesday showed that employers added fewer-than-expected positions.

    Meanwhile, the volume of job openings in October fell to its lowest level since March 2021, according to the Labor Department.

    Friday's official jobs report is expected to show 190,000 jobs were added in November, according to economists polled by Dow Jones. Higher than the prior month.

    Investors would be watching for analysts' commentary on whether the latest data releases will allow the Federal Reserve to keep interest rates on pause at its meeting next week.

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