Asian stocks were seen trading higher on Monday after the US saw gains, with the S&P500 closing at a record high.
Japan
The Japanese benchmark Nikkei 225 index climbed 0.24%, closing the session at 14,670.95 points, while Tokyo’s Topix gained 0.26% to 1,198.17 points.
Shares in the Japanese engineering cooperation Shimizu climbed 5.6% higher, while Nippon Kayaku gained 4.82%.
Meanwhile, Bank of Japan Governor Haruhiko Kuroda said central banks can conduct monetary easing to boost the nation’s economic growth.
“It is possible to implement monetary easing even in a situation where the policy rate is around zero percent,” Kuroda said.
China
Hong Kong’s Hang Seng index rose 0.87% higher to trade at 23,146.38 points at the time of writing, while the mainland benchmark Shanghai Composite climbed 0.77%, closing the session at 2,050.23 points.
Bank of China Hong Kong saw the most gains during the session in China, rising 2.19% higher, while China Life insurance gained 2.46%. South Korean’s Kospi index gained 0.97%, closing the session at 2,017.06 points, while in Australia, the benchmark S&P/ASX 200 index edged 0.33% higher, trading at 5,529.90 points. In New Zealand, the benchmark NZX 50 index advanced 0.69% higher to 5,181.46 points.
US
The latest data from the US revealed that world’s largest economy is heading to a solid recovery as orders for US durable goods climbed for a third month in April, rising 0.8% in April, compared to analysts forecast of a 0.7% drop, Commerce Department figures showed.
Other economic reports showed that the consumer confidence gauge increased to 83 in May, in line with estimates and picking up from the previous figure of 82.7 seen in April.
The S&P 500 booked a second straight record close as it advanced 0.6% to 1,911.91 in New York on Tuesday.
Stocks – Europe
Stocks in Europe were little changed on Wednesday as investors await economic data from the Eurozone while the European Central Bank (ECB) remains in focus before its June meeting.
The European Euro Stoxx 50 slid 0.20% lower to 3,237.85, while the German DAX gained 0.10% to 9,951.22 at the time of writing. At the same time the French CAC 40 lost 0.11%, opening the session at 4,524.84, while UK’s benchmark FTSE 100 fell 0.11% lower to 6,837.10.
Economic Data
A report from Germany’s Federal Labour Agency is expected to show a drop in unemployment, falling for a sixth month in May with a drop by 15,000 this month following the fall of 25,000 seen in the previous month.
Spain is expected to report a rise in retail sales by 0.1% in April on a yearly basis, compared to the rise of 0.5% seen in the previous month.
Meanwhile a final reading to be released from the European Commission later in the day is expected to show that the eurozone’s consumer confidence rose to -7.1 in May, the highest since October 2007.
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Stocks – Asia
Asian stocks were seen trading higher on Monday after the US saw gains, with the S&P500 closing at a record high.
Japan
The Japanese benchmark Nikkei 225 index climbed 0.24%, closing the session at 14,670.95 points, while Tokyo’s Topix gained 0.26% to 1,198.17 points.
Shares in the Japanese engineering cooperation Shimizu climbed 5.6% higher, while Nippon Kayaku gained 4.82%.
Meanwhile, Bank of Japan Governor Haruhiko Kuroda said central banks can conduct monetary easing to boost the nation’s economic growth.
“It is possible to implement monetary easing even in a situation where the policy rate is around zero percent,” Kuroda said.
China
Hong Kong’s Hang Seng index rose 0.87% higher to trade at 23,146.38 points at the time of writing, while the mainland benchmark Shanghai Composite climbed 0.77%, closing the session at 2,050.23 points.
Bank of China Hong Kong saw the most gains during the session in China, rising 2.19% higher, while China Life insurance gained 2.46%.
South Korean’s Kospi index gained 0.97%, closing the session at 2,017.06 points, while in Australia, the benchmark S&P/ASX 200 index edged 0.33% higher, trading at 5,529.90 points. In New Zealand, the benchmark NZX 50 index advanced 0.69% higher to 5,181.46 points.
US
The latest data from the US revealed that world’s largest economy is heading to a solid recovery as orders for US durable goods climbed for a third month in April, rising 0.8% in April, compared to analysts forecast of a 0.7% drop, Commerce Department figures showed.
Other economic reports showed that the consumer confidence gauge increased to 83 in May, in line with estimates and picking up from the previous figure of 82.7 seen in April.
The S&P 500 booked a second straight record close as it advanced 0.6% to 1,911.91 in New York on Tuesday.
Stocks – Europe
Stocks in Europe were little changed on Wednesday as investors await economic data from the Eurozone while the European Central Bank (ECB) remains in focus before its June meeting.
The European Euro Stoxx 50 slid 0.20% lower to 3,237.85, while the German DAX gained 0.10% to 9,951.22 at the time of writing. At the same time the French CAC 40 lost 0.11%, opening the session at 4,524.84, while UK’s benchmark FTSE 100 fell 0.11% lower to 6,837.10.
Economic Data
A report from Germany’s Federal Labour Agency is expected to show a drop in unemployment, falling for a sixth month in May with a drop by 15,000 this month following the fall of 25,000 seen in the previous month.
Spain is expected to report a rise in retail sales by 0.1% in April on a yearly basis, compared to the rise of 0.5% seen in the previous month.
Meanwhile a final reading to be released from the European Commission later in the day is expected to show that the eurozone’s consumer confidence rose to -7.1 in May, the highest since October 2007.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today.
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