Stocks in the Asian region were seen trading higher on Thursday, tracking Wall Street gains after the release of the US retail sales report and Japan’s machinery orders data.
Japan
The Japanese Nikkei 225 index advanced 0.66%, closing at 15,314.57, while Tokyo’s Topix index rose 0.70% to 1,271.00.
The nation’s yen weakened against the greenback, at 102.57 yen at the time of writing. The Japanese food processing conglomerate Nippon Meat Packers saw the most gains during the session, with shares climbing 3.53%, while Mitsumi Electric jumped 3.32%.
On the downside, the silicon wafers makers Sumco slid 1.88% lower and Aiful lost 16% to 447 yen after the consumer finance company’s net income for the quarter ended June fell 71% to 3.6 billion yen from the previous year.
Core machinery orders in Japan, excluding utility items and ships, came in at 8.8% on a monthly basis in June, lower than the market’s estimate of a 15.5% rise, according to data from the Cabinet Office. While Machinery orders slid 19.5% in May, compared to the 9.1% fall seen in the previous month.
China
Hong Kong Hang Seng index jumped 0.01% to 24,868 at the time of writing, while the Chinese mainland shanghai Composite fell 0.08% lower to 2,222.10.
The casino operators Galaxy Entertainment and Sands China gained 1.59% and 2% respectively, while the Chinese investment company Tencent Holdings fell 2% lower to HK$130.50 and the property developer China Overseas slid 2.75% lower.
Reports released from the National Bureau of Statistics (NBS) on Wednesday showed that the industrial production in China came in at an annualized 9% in July, compared with forecasts of a 9.2% growth rate, while China’s retail sales rose 12.2% in July from the previous year.
The South Korean Kospi index edged 0.04% higher, ending at 2,063.22, while Australia’s benchmark S&P/ASX 200 index rose 0.63% to 5,549.50.
In Sydney, the newspaper publisher climbed 6.78%, while the telecommunication giants Telstra added 2.2% to A$5.56 after announcing that it will buyback A$1 billion of stock. On the downside, the advertising agency STW Communications lost 7.85%.
US Economy
Core retail sales and retail sales in the world’s largest economy rose by 0.1% in July, coming in lower than market estimates of a 0.4% rise. Retail sales on monthly basis remained unchanged, missing analysts’ projections of 0.2% rise. Investors are raising concerns over the retail sales figures, which could influence the Federal Reserve decision over the interest rates.
Europe
European stocks were seen trading lower on Thursday after Germany and France reported weak gross domestic product (GDP) reports.
The European Euro Stoxx 50 slid 0.70% lower to 3,038.50 at the time of writing. Consumer prices for the eurozone as whole are forecasted to show a 0.4% rise on a yearly basis and a fall of 0.6% on a monthly basis.
In Germany, the benchmark DAX index lost 0.49% to 9,154.80. Germany’s gross domestic product (GDP) for the second quarter fell 0.2%, compared to the 0.8% rise seen in the first quarter, according to a report from the Federal Statistical Office. However, on a yearly basis, the eurozone’s strongest economy expanded by 0.8% in the quarter.
In France, the benchmark CAC 40 index lost 0.51% to open at 4,173.30. The French economy remained unchanged in the second quarter, while on a yearly basis, Frances’ gross domestic product rose by 0.1%, according to the National Institute for Statistics and Economics Studies. Meanwhile, non-farm payrolls in France increased by 0.1% in the June quarter.
The UK’s benchmark FTSE 100 declined 0.13% to open at 6,648.00.
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Asian Stocks
Stocks in the Asian region were seen trading higher on Thursday, tracking Wall Street gains after the release of the US retail sales report and Japan’s machinery orders data.
Japan
The Japanese Nikkei 225 index advanced 0.66%, closing at 15,314.57, while Tokyo’s Topix index rose 0.70% to 1,271.00.
The nation’s yen weakened against the greenback, at 102.57 yen at the time of writing. The Japanese food processing conglomerate Nippon Meat Packers saw the most gains during the session, with shares climbing 3.53%, while Mitsumi Electric jumped 3.32%.
On the downside, the silicon wafers makers Sumco slid 1.88% lower and Aiful lost 16% to 447 yen after the consumer finance company’s net income for the quarter ended June fell 71% to 3.6 billion yen from the previous year.
Core machinery orders in Japan, excluding utility items and ships, came in at 8.8% on a monthly basis in June, lower than the market’s estimate of a 15.5% rise, according to data from the Cabinet Office. While Machinery orders slid 19.5% in May, compared to the 9.1% fall seen in the previous month.
China
Hong Kong Hang Seng index jumped 0.01% to 24,868 at the time of writing, while the Chinese mainland shanghai Composite fell 0.08% lower to 2,222.10.
The casino operators Galaxy Entertainment and Sands China gained 1.59% and 2% respectively, while the Chinese investment company Tencent Holdings fell 2% lower to HK$130.50 and the property developer China Overseas slid 2.75% lower.
Reports released from the National Bureau of Statistics (NBS) on Wednesday showed that the industrial production in China came in at an annualized 9% in July, compared with forecasts of a 9.2% growth rate, while China’s retail sales rose 12.2% in July from the previous year.
The South Korean Kospi index edged 0.04% higher, ending at 2,063.22, while Australia’s benchmark S&P/ASX 200 index rose 0.63% to 5,549.50.
In Sydney, the newspaper publisher climbed 6.78%, while the telecommunication giants Telstra added 2.2% to A$5.56 after announcing that it will buyback A$1 billion of stock. On the downside, the advertising agency STW Communications lost 7.85%.
US Economy
Core retail sales and retail sales in the world’s largest economy rose by 0.1% in July, coming in lower than market estimates of a 0.4% rise. Retail sales on monthly basis remained unchanged, missing analysts’ projections of 0.2% rise. Investors are raising concerns over the retail sales figures, which could influence the Federal Reserve decision over the interest rates.
Europe
European stocks were seen trading lower on Thursday after Germany and France reported weak gross domestic product (GDP) reports.
The European Euro Stoxx 50 slid 0.70% lower to 3,038.50 at the time of writing. Consumer prices for the eurozone as whole are forecasted to show a 0.4% rise on a yearly basis and a fall of 0.6% on a monthly basis.
In Germany, the benchmark DAX index lost 0.49% to 9,154.80. Germany’s gross domestic product (GDP) for the second quarter fell 0.2%, compared to the 0.8% rise seen in the first quarter, according to a report from the Federal Statistical Office. However, on a yearly basis, the eurozone’s strongest economy expanded by 0.8% in the quarter.
In France, the benchmark CAC 40 index lost 0.51% to open at 4,173.30. The French economy remained unchanged in the second quarter, while on a yearly basis, Frances’ gross domestic product rose by 0.1%, according to the National Institute for Statistics and Economics Studies. Meanwhile, non-farm payrolls in France increased by 0.1% in the June quarter.
The UK’s benchmark FTSE 100 declined 0.13% to open at 6,648.00.
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