Stocks in Europe were seen trading lower on Thursday as investors digest data from Italy, France and the UK.
The European Euro Stoxx 50 slid 40% lower to 3,199.50 at the time of writing, while Germany’s DAX fell 0.22% to 9,799.80. The French CAC 40 lost 0.28%, trading at 4,352.30, while UK’s benchmark FTSE 100 declined 0.01% at 6,718.30.
Economic Reports
The industrial production data for Italy came in lower than expected, falling 1.2% on a monthly basis, while on a yearly basis, a 1.8% drop was posted, compared to analysts estimates of a climb of 0.2% and 1.5% respectively, according to the Italy’s statistical office.
The industrial production for France posted an unexpected drop in May, coming in at 1.7% on a monthly basis, compared to the 0.3% rise seen in the previous month and analysts forecast of a 0.2% hike. The French manufacturing output fell 2.3%, while a 0.1% rise was expected.
France also released its inflation figures for June, coming in at 0.5% year-on-year.
Asian Stocks
Asian stocks were seen swinging in between gains and losses on Thursday after China’s trade data release, which showed that China expanded at a stronger annual pace in June.
Japan
The Japanese Nikkei 225 index edged 0.56% lower to 15,216.47, while Tokyo’s Topix index fell 0.89% lower to 1,259.51.
The Japanese Zinc Maker and Showa shell saw the gains during the session, with shares climbing 3% for both, while Nomura Holdings lost 3.58%.
Core machinery orders in Japan came in at 19.5% lower in May, on a monthly basis, a report from the Cabinet Office confirmed, compared to the 9.1% slid recorded in the previous month.
China
Hong Kong’s Hang Seng index climbed 0.27% higher to 23,239.41, while the Chinese mainland Shanghai Composite gained 0.09% to 2,041.67.
The Chinese oil company, PetroChina added 1.97%, while Tingyi lost 1.84%.
China’s trade balance surplus shrank to $31.6 billion in June, while analysts projected a surplus of $36.9 billion. The annual export growth climbed to 7.2% in June, while imports rose 5.5%.
The South Korean kospi index edged 0.12% higher, closing the session at 2,002.84.
Fed Minutes
In the US, the June Federal Open Market Committee (FOMC) meeting minutes showed that some Fed policy makers agreed to end its asset-buying program in October with a $15 billion cut if the economy outlook holds up.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
European stocks
Stocks in Europe were seen trading lower on Thursday as investors digest data from Italy, France and the UK.
The European Euro Stoxx 50 slid 40% lower to 3,199.50 at the time of writing, while Germany’s DAX fell 0.22% to 9,799.80. The French CAC 40 lost 0.28%, trading at 4,352.30, while UK’s benchmark FTSE 100 declined 0.01% at 6,718.30.
Economic Reports
The industrial production data for Italy came in lower than expected, falling 1.2% on a monthly basis, while on a yearly basis, a 1.8% drop was posted, compared to analysts estimates of a climb of 0.2% and 1.5% respectively, according to the Italy’s statistical office.
The industrial production for France posted an unexpected drop in May, coming in at 1.7% on a monthly basis, compared to the 0.3% rise seen in the previous month and analysts forecast of a 0.2% hike. The French manufacturing output fell 2.3%, while a 0.1% rise was expected.
France also released its inflation figures for June, coming in at 0.5% year-on-year.
Asian Stocks
Asian stocks were seen swinging in between gains and losses on Thursday after China’s trade data release, which showed that China expanded at a stronger annual pace in June.
Japan
The Japanese Nikkei 225 index edged 0.56% lower to 15,216.47, while Tokyo’s Topix index fell 0.89% lower to 1,259.51.
The Japanese Zinc Maker and Showa shell saw the gains during the session, with shares climbing 3% for both, while Nomura Holdings lost 3.58%.
Core machinery orders in Japan came in at 19.5% lower in May, on a monthly basis, a report from the Cabinet Office confirmed, compared to the 9.1% slid recorded in the previous month.
China
Hong Kong’s Hang Seng index climbed 0.27% higher to 23,239.41, while the Chinese mainland Shanghai Composite gained 0.09% to 2,041.67.
The Chinese oil company, PetroChina added 1.97%, while Tingyi lost 1.84%.
China’s trade balance surplus shrank to $31.6 billion in June, while analysts projected a surplus of $36.9 billion. The annual export growth climbed to 7.2% in June, while imports rose 5.5%.
The South Korean kospi index edged 0.12% higher, closing the session at 2,002.84.
Fed Minutes
In the US, the June Federal Open Market Committee (FOMC) meeting minutes showed that some Fed policy makers agreed to end its asset-buying program in October with a $15 billion cut if the economy outlook holds up.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
http://fb.me/19wnduzNy
The post Stocks Market Report 10th July appeared first on | HY Markets Official blog.
Related Posts: