4 Hours AgoThailand’s fourth-quarter GDP rapidly contracts, bolstering bets for rate of interest cutThailand’s economic system rapidly reduced in size within the fourth quarter when compared with the prior 3 months, bolstering bets for forthcoming rate of interest cuts.The rustic’s fourth-quarter GDP shrank 0.6% quarter over quarter, towards a Reuters ballot expectation of a nil.1% growth.Yr-on-year, Thailand’s economic system grew 1.7%, lacking Reuters ballot estimates of a 2.5% expansion.Slowing financial expansion boosts the chance of a fee lower from the Financial institution of Thailand in April.— Charmaine Jacob5 Hours AgoSingapore outbound flights to price extra from 2026 over inexperienced gasoline requirementsFlights departing from Singapore will value extra from 2026 as the rustic pushes forward with its aviation business decarbonization targets.All outbound planes will use sustainable aviation gasoline (SAF) from 2026 as Singapore objectives 1% of all jet gasoline used at Changi Airport and Seletar Airport by way of that 12 months to include SAF, with plans to lift it to 3-5% by way of 2030, its delivery minister mentioned Monday.Financial system elegance passengers taking direct flights from Singapore to Bangkok, Tokyo and London would possibly need to pay an extra S$3, S$6 and S$16, respectively, consistent with a sustainable air hub blueprint launched Monday. Passengers taking top class categories pays upper levies.—Lee Ying Shan6 Hours AgoChina go back and forth shares rally as vacation tourism numbers best pre-pandemic ranges The China go back and forth shares index jumped 2.1% in early buying and selling Monday, emerging to its best stage since Jan. 30.Shanghai-listed Air China rises climbed 1.2%, China Southern Airways received 1.7%, whilst Hong Kong-listed Chinese language on-line tourism services and products workforce Tongcheng Commute rose 1.5%.Shenzhen-listed shares of Toread Holdings received 4% and Western Areas Tourism Construction added 2.4%.China’s go back and forth task and spending jumped above pre-pandemic ranges throughout the Lunar New 12 months vacation, consistent with authentic knowledge.Some 474 million home journeys had been made throughout the eight-day pageant, a 34.3% soar from a 12 months previous, consistent with knowledge launched by way of the rustic’s Ministry of Tradition and Tourism on Sunday.Vacationers spent just about 632.7 billion yuan ($87.95 billion) on home vacation journeys, a 47.3% year-over-year soar, knowledge confirmed. Each metrics had been above 2019 ranges.The wider CSI 300 index added 0.6%.— Shreyashi Sanyal8 Hours AgoNintendo stocks fall on unconfirmed reviews of Transfer 2’s not on time releaseShares of Japan-based online game corporate Nintendo dropped greater than 6% on unverified reviews that its subsequent console’s release is also not on time to early subsequent 12 months.Nintendo used to be to begin with focused on to release the successor to its Transfer console in past due 2024. The corporate didn’t instantly reply to CNBC’s request for remark.See Chart…Nintendo stocks slide10 Hours AgoCNBC Professional: Those are the one 2 ETFs that made cash once a year for the previous decadeTwo finances making an investment in defensive shares are the one exchange-traded finances international that had a favorable go back once a year during the last decade, CNBC Professional analysis has discovered.The 2 finances stood out amongst 8,300 fairness ETFs international screened by way of CNBC Professional. Each finances have greater than doubled buyers’ money during the last decade.CNBC Professional subscribers can learn extra right here.— Ganesh Rao10 Hours AgoCNBC Professional: A ‘just right 12 months’ for shares: Morgan Stanley’s Slimmon names 3 to shop for proper nowEquity markets had been having an attractive just right 12 months up to now, with the S&P 500 benchmark remaining above 5,000 for the primary time final week.”I feel it is extremely encouraging as a result of what it says is that profits estimates for this 12 months don’t seem to be taking place, and they are probably, almost certainly going upper. And that is the reason vital for the marketplace,” Andrew Slimmon, managing director and senior portfolio supervisor and Morgan Stanley Funding Control, informed CNBC.Pronouncing it’ll be a “just right 12 months for equities,” Slimmon shared 3 shares he likes. CNBC Professional subscribers can learn extra right here.— Amala BalakrishnerFri, Feb 16 2024 4:08 PM ESTStocks shut decrease to finish their 5-week profitable streakAll 3 primary indexes ended Friday within the crimson, breaking their five-week profitable streak.The S&P 500 slid 0.48% to finish at 5,005.57. The Dow Jones Commercial Moderate misplaced 145.13 issues, or 0.37%, settling at 38,627.99. The Nasdaq Composite slid 0.82% to complete at 15,775.65.— Lisa Kailai HanFri, Feb 16 2024 11:53 AM ESTConsumer sentiment, inflation outlook stable in February, survey showsConsumer self assurance and inflation expectancies modified little in the newest College of Michigan survey, as respondents weighed inventory marketplace volatility and ranging indicators on costs.The February sentiment studying got here in at 79.6, nudging up simply 0.6 issues from January and simply lacking the Dow Jones estimate for 80.On inflation expectancies, the one-year outlook inched upper to three%, up one-tenth of a share level on a per month foundation, whilst the five-year outlook held at 2.9%. Each are above the Federal Reserve’s 2% function, although proceeding to turn indicators of moderating. By way of comparability, the one-year outlook a 12 months in the past used to be 4.2%.”The truth that sentiment misplaced no flooring this month suggests that buyers proceed to really feel extra confident in regards to the economic system, confirming the really extensive enhancements in December and January throughout more than a few facets of the economic system,” mentioned Surveys of Shoppers Director Joanne Hsu.—Jeff Cox
