Asian stocks were seen trading higher on Thursday as the US posted a weak GDP data for the first quarter supporting speculating that quantitative easing could be around for longer in the US.
Japan
The Japanese benchmark Nikkei 225 index gained 0.25%, closing at 15,305.00 points, while Tokyo’s Topix index added 0.22% at 1,263.52 points.
Yahoo Japan saw gains, adding 0.9% to 471 yen, after the company said it will own 65% of the credit card company KC Card, according to the company’s statement. The Japanese material manufacturer Unitika climbed 4.26%, while Fujitsu also added more than 3%.
Japan’s core Consumer Price Index (CPI) is due for release later in the day with forecasts of a 3.4% rise in May from 3.2% recorded in the previous month. Jobless rate and retail sales data are expected to be released on Friday.
China
Hong Kong’s Hang Seng index climbed 0.89% to 23,071.00, while the Chinese benchmark Shanghai Composite rose 0.64% to 2,038.37 points.
Casino operators saw gains after Macau’s finance secretary said jewelry retailers won’t be allowed to add payment card services.
Sands China advanced 4.1% to HK$57.25, while Galaxy entertainment added 3.75%. China gas gained 4% after it is targeting sales of 30 billion cubic meters by 2020. The computer technology company Lenovo slid 1.35% lower.
The South Korean Kospi index edged 0.67% higher, ending the session at 1.995.06 points, while the Australian benchmark S&P/ASX 200 index added 0.97% higher at 5,454.30 points.
US Economy
A report from the department of Commerce (DoC) showed that the gross domestic product for the world largest economy shrank 2.9% in the first quarter, compared to analysts forecast of a 1.8% contraction.
Futures on the Standard & Poor’s 500 index added less than 0.1% on Thursday, while stock measure gained 0.5% on Wednesday.
European Stocks
Stocks in the European region were seen trading flat on Thursday before the release of the UK financial stability report and the EU summit which will commence later in the day.
The European Euro Stoxx 50 traded flat at 3,256.50, while the German DAX rose 0.20% to 9,887.80 at the time of writing. The French CAC 40 added 0.12% to 4,465.80, while UK’s benchmark FTSE 100 edged 0.15% to 6,744.00.
EU Gathering
European Union leaders will be gathering in Brussels to hold talks and discuss the appointment of the next European Commission (EEC) president, as well as EC jobs, EU’s budget, the situation in Ukraine will be amongst the topics which will be discussed.
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Asian Stocks
Asian stocks were seen trading higher on Thursday as the US posted a weak GDP data for the first quarter supporting speculating that quantitative easing could be around for longer in the US.
Japan
The Japanese benchmark Nikkei 225 index gained 0.25%, closing at 15,305.00 points, while Tokyo’s Topix index added 0.22% at 1,263.52 points.
Yahoo Japan saw gains, adding 0.9% to 471 yen, after the company said it will own 65% of the credit card company KC Card, according to the company’s statement. The Japanese material manufacturer Unitika climbed 4.26%, while Fujitsu also added more than 3%.
Japan’s core Consumer Price Index (CPI) is due for release later in the day with forecasts of a 3.4% rise in May from 3.2% recorded in the previous month. Jobless rate and retail sales data are expected to be released on Friday.
China
Hong Kong’s Hang Seng index climbed 0.89% to 23,071.00, while the Chinese benchmark Shanghai Composite rose 0.64% to 2,038.37 points.
Casino operators saw gains after Macau’s finance secretary said jewelry retailers won’t be allowed to add payment card services.
Sands China advanced 4.1% to HK$57.25, while Galaxy entertainment added 3.75%. China gas gained 4% after it is targeting sales of 30 billion cubic meters by 2020. The computer technology company Lenovo slid 1.35% lower.
The South Korean Kospi index edged 0.67% higher, ending the session at 1.995.06 points, while the Australian benchmark S&P/ASX 200 index added 0.97% higher at 5,454.30 points.
US Economy
A report from the department of Commerce (DoC) showed that the gross domestic product for the world largest economy shrank 2.9% in the first quarter, compared to analysts forecast of a 1.8% contraction.
Futures on the Standard & Poor’s 500 index added less than 0.1% on Thursday, while stock measure gained 0.5% on Wednesday.
European Stocks
Stocks in the European region were seen trading flat on Thursday before the release of the UK financial stability report and the EU summit which will commence later in the day.
The European Euro Stoxx 50 traded flat at 3,256.50, while the German DAX rose 0.20% to 9,887.80 at the time of writing. The French CAC 40 added 0.12% to 4,465.80, while UK’s benchmark FTSE 100 edged 0.15% to 6,744.00.
EU Gathering
European Union leaders will be gathering in Brussels to hold talks and discuss the appointment of the next European Commission (EEC) president, as well as EC jobs, EU’s budget, the situation in Ukraine will be amongst the topics which will be discussed.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
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