{"id":68632,"date":"2024-12-23T17:22:42","date_gmt":"2024-12-23T06:22:42","guid":{"rendered":"https:\/\/www.icmarkets-vnh.com\/blog\/?p=68632"},"modified":"2024-12-23T17:22:43","modified_gmt":"2024-12-23T06:22:43","slug":"monday-23rd-december-2024-asia-pacific-markets-rise-amid-honda-nissan-merger-talks","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/monday-23rd-december-2024-asia-pacific-markets-rise-amid-honda-nissan-merger-talks\/","title":{"rendered":"Monday 23rd December 2024: Asia-Pacific Markets Rise Amid Honda-Nissan Merger Talks\u00a0"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.33%, Shanghai Composite up 0.1%, Hang Seng up 0.78% ASX up 1.67%<\/li>\n\n\n\n<li>Commodities : Gold at $2643.35 (-0.04%), Silver at $30.04 (0.8%), Brent Oil at $72.89 (0.56%), WTI Oil at $69.84 (0.55%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.530, UK 10-year yield at 4.508, Germany 10-year yield at 2.2865<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(CAD) Core Retail Sales m\/m&nbsp; 0.1% vs 0.2% expected<\/li>\n\n\n\n<li>(CAD) Retail Sales m\/m 0.6% vs 0.7% expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets began the holiday-shortened Christmas week positively as investors awaited the official announcement of a merger between Japanese automakers Honda and Nissan. The companies aim to finalize their agreement by June 2025 and plan to establish a holding company by summer 2026, led by a Honda executive, according to NHK.<\/p>\n\n\n\n<p>Reports from Kyodo News stated that the presidents of Honda, Nissan, and Mitsubishi informed Japan\u2019s industry ministry of their merger talks. A press conference is anticipated later today, with both Honda and Nissan holding board meetings to discuss formal integration and sign a memorandum of understanding, as per NHK.<\/p>\n\n\n\n<p>On the stock market front, Honda shares gained 2.11%, while Nissan shares dipped 0.74%. Last Wednesday, Nissan shares saw a record surge following speculation about the merger. Broader market optimism was fueled by cooler-than-expected U.S. inflation data released on Friday.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 rose 1.06%, and the Topix gained 0.79%. South Korea\u2019s Kospi advanced 1.25%, with the Kosdaq up 1.51%. Australia\u2019s S&amp;P\/ASX 200 climbed 1.03%, while Hong Kong\u2019s Hang Seng added 0.72%. Mainland China\u2019s CSI 300 remained flat.<\/p>\n\n\n\n<p>In the U.S., markets closed higher Friday. The Dow Jones Industrial Average gained 1.18%, the S&amp;P 500 rose 1.09%, and the Nasdaq Composite advanced 1.03%. The personal consumption expenditures price index, a key inflation gauge, increased to 2.4% in November, slightly below the 2.5% estimate. Core PCE, excluding food and energy, rose 2.8% year-over-year, under the 2.9% forecast.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>01:30 PM GMT &#8211; CAD GDP m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets began the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":68120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,339],"tags":[],"class_list":["post-68632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=68632"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68632\/revisions"}],"predecessor-version":[{"id":68637,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68632\/revisions\/68637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/68120"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=68632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=68632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=68632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}