Stocks in the Asian region were mostly seen starting the week trading higher, with Japanese stocks boosted by the nation’s industrial production data.
Japan
The Japanese benchmark Nikkei 225 index edged 0.44% higher, closing at 15,162.10 points, while Tokyo Topix index gained 0.49%, ending the session at 1,259.35 points.
Tokuyama saw the most gains during the session, with shares climbing 5.98%, while Nisshin Steel edged 4.71% higher. Meanwhile Insurer Tokio Marine slid 1.16% lower.
Japanese equities were lifted by the nation’s industrial output as it came in 0.5% higher in May, month-on-month, up from the 2.8% fall recorded in the previous month, a report from the Ministry of Economy, Trade and Industry showed. Meanwhile, the nation’s industrial production edged 0.8% higher on an annual basis.
The report suggested that the sector is expanding and recovering from the weakness caused by the consumption tax hike, according to analysts from Capital Economics.
China
Hong Kong’s Hang Seng index climbed 0.08% to 23,238.58 points at the time of writing, while the Chinese benchmark Shanghai Composite added 0.60% to 2,048.80 points at the same time.
The casino operator Galaxy Entertainment rose 3.93%, while Power Assets slid in shares, falling 1.17% lower.
The South Korean benchmark Kospi index advanced 0.69%, closing at 2,002.21 points, while the Australian S&P/ASX 200 index fell 0.56% lower at 5,414.60 points.
In Australia, Ten Network gained 2.75%, while the advertising firm, STW Communications rose 2.62% higher. Sigma Pharmaceuticals lost 5.19% and Qantas Airways fell 5.09% lower.
European Stocks
European stocks were seen trading higher on Monday as investors focus on the preliminary inflation figures for the Eurozone.
The European Euro Stoxx 50 added 0.8%, starting the session at 3,230.28, while the German DAX gained 0.10% to 9,815.17. The French CAC 40 rose 0.08% higher, opening the session at 4,440.32, while UK’s FTSE 100 edged 0.08% higher at 6,763.50.
Economic Reports
Germany’s retail sales fell 0.6% lower in May on a monthly basis, compared to the 1.5% drop in the previous month, a report from the Federal Statistical Office showed. While the nation’s sales on a yearly basis rose 1.9%, following the 3.2% climb recorded in the previous month.
While the market focus on the release of the Eurozone’s consumer prices for June, analysts are expecting to see a 0.6% rise on an annual basis. Core inflation, excluding alcohol, energy, food and tobacco products is expected to remain unchanged at 0.7%.
Inflation figures for Italy are expected to be released with forecasts of a monthly 0.1% rise in June, compared to the 0.1% fall in May and on a yearly basis a rise of 0.3% is expected.
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Asian Stocks
Stocks in the Asian region were mostly seen starting the week trading higher, with Japanese stocks boosted by the nation’s industrial production data.
Japan
The Japanese benchmark Nikkei 225 index edged 0.44% higher, closing at 15,162.10 points, while Tokyo Topix index gained 0.49%, ending the session at 1,259.35 points.
Tokuyama saw the most gains during the session, with shares climbing 5.98%, while Nisshin Steel edged 4.71% higher. Meanwhile Insurer Tokio Marine slid 1.16% lower.
Japanese equities were lifted by the nation’s industrial output as it came in 0.5% higher in May, month-on-month, up from the 2.8% fall recorded in the previous month, a report from the Ministry of Economy, Trade and Industry showed. Meanwhile, the nation’s industrial production edged 0.8% higher on an annual basis.
The report suggested that the sector is expanding and recovering from the weakness caused by the consumption tax hike, according to analysts from Capital Economics.
China
Hong Kong’s Hang Seng index climbed 0.08% to 23,238.58 points at the time of writing, while the Chinese benchmark Shanghai Composite added 0.60% to 2,048.80 points at the same time.
The casino operator Galaxy Entertainment rose 3.93%, while Power Assets slid in shares, falling 1.17% lower.
The South Korean benchmark Kospi index advanced 0.69%, closing at 2,002.21 points, while the Australian S&P/ASX 200 index fell 0.56% lower at 5,414.60 points.
In Australia, Ten Network gained 2.75%, while the advertising firm, STW Communications rose 2.62% higher. Sigma Pharmaceuticals lost 5.19% and Qantas Airways fell 5.09% lower.
European Stocks
European stocks were seen trading higher on Monday as investors focus on the preliminary inflation figures for the Eurozone.
The European Euro Stoxx 50 added 0.8%, starting the session at 3,230.28, while the German DAX gained 0.10% to 9,815.17. The French CAC 40 rose 0.08% higher, opening the session at 4,440.32, while UK’s FTSE 100 edged 0.08% higher at 6,763.50.
Economic Reports
Germany’s retail sales fell 0.6% lower in May on a monthly basis, compared to the 1.5% drop in the previous month, a report from the Federal Statistical Office showed. While the nation’s sales on a yearly basis rose 1.9%, following the 3.2% climb recorded in the previous month.
While the market focus on the release of the Eurozone’s consumer prices for June, analysts are expecting to see a 0.6% rise on an annual basis. Core inflation, excluding alcohol, energy, food and tobacco products is expected to remain unchanged at 0.7%.
Inflation figures for Italy are expected to be released with forecasts of a monthly 0.1% rise in June, compared to the 0.1% fall in May and on a yearly basis a rise of 0.3% is expected.
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