Stocks in Asia were seen trading lower on Friday, clearing previous losses after St Louis Fed President James Bullard said the US may raise interest rates by the end of the first quarter in 2015. A set of reports from Japan are expected to be released.
Japan
The Japanese benchmark Nikkei 225 index edged 1.39% lower, closing at 15,095.00 points, while Tokyo’s Topix index fell 0.97% to 1,250.52 points.
Oracle Japan saw losses as shares slid 4.26% after forecasting its full-year profit will come in at 45 billion yen, compared to analysts’ estimates of 47.7 billion yen. The machine-tool builder Okuma also saw losses, falling 3.33%. Meanwhile, Ono Pharmaceutical advanced 4.9% after reports confirmed that the nation’s health ministry approved its drug for melanoma treatment.
Fresh reports showed that Japan’s Consumer Price Index (CPI) climbed 3.4 in May on an annualized rate, compared to 3.2% reported in the previous month. A separate report showed that Japan’s household spending in May came in at 8% on a yearly basis, compared to analysts’ estimates of a 1.9% fall. Retail sales in Japan slid 0.4% in May on an annualized rate, while unemployment rate fell to 3.5%, the lowest in almost 15 years.
China
Hong Kong’s Hang Seng index edged 0.04% to 23,202.00, while the Chinese benchmark Shanghai Composite fell 0.23% to 2,043.37 points.
China Life insurance lost 1.95%, while Ping An Insurance Group fell 1.66%. In contrast, the oil cooperation CNOOCadded 0.87%.
The South Korean Kospi index declined 0.37%, ending the session at 1,988.51 points, while Australia’s S&P/ASX 200 index slid 0.35% at 5,445.20 points. New Zealand’s NZX 50 index gained 0.17% to 5,138.65 points.
European Stocks
Stocks in Europe traded higher on Friday, paring their biggest weekly loss since early April as the EU Summit in Brussels remains in the spotlight.
The European Euro Stoxx 50 gained 0.16% to 3,238.45, while the German DAX rose 0.08% higher to 9,812.36. The French CAC 40 added 0.27% to 4,451.73, while UK’s benchmark FTSE 100 edged up 0.15% to 6,745.29.
Economic reports
In France, the gross domestic product (GDP) expanded 0.7% in the first quarter on a yearly basis, following the 0.8% rise seen in the previous quarter, a report from France’s National Institute of Statistics (INSEE) confirmed.
Meanwhile, France GDP measured on a quarterly and a seasonally adjusted basis showed a flat reading in the first quarter.
Germany’s preliminary inflation reading for June is expected to be released later in the day. Germany’s consumer price index (CPI) is expected to show a rise of 1.0% in June from the previous figure of 0.9% seen in May.
EU Summit
European Union leaders will continue its two-day summit in Brussels on Thursday and will decide on 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
Stocks in Asia were seen trading lower on Friday, clearing previous losses after St Louis Fed President James Bullard said the US may raise interest rates by the end of the first quarter in 2015. A set of reports from Japan are expected to be released.
Japan
The Japanese benchmark Nikkei 225 index edged 1.39% lower, closing at 15,095.00 points, while Tokyo’s Topix index fell 0.97% to 1,250.52 points.
Oracle Japan saw losses as shares slid 4.26% after forecasting its full-year profit will come in at 45 billion yen, compared to analysts’ estimates of 47.7 billion yen. The machine-tool builder Okuma also saw losses, falling 3.33%. Meanwhile, Ono Pharmaceutical advanced 4.9% after reports confirmed that the nation’s health ministry approved its drug for melanoma treatment.
Fresh reports showed that Japan’s Consumer Price Index (CPI) climbed 3.4 in May on an annualized rate, compared to 3.2% reported in the previous month. A separate report showed that Japan’s household spending in May came in at 8% on a yearly basis, compared to analysts’ estimates of a 1.9% fall. Retail sales in Japan slid 0.4% in May on an annualized rate, while unemployment rate fell to 3.5%, the lowest in almost 15 years.
China
Hong Kong’s Hang Seng index edged 0.04% to 23,202.00, while the Chinese benchmark Shanghai Composite fell 0.23% to 2,043.37 points.
China Life insurance lost 1.95%, while Ping An Insurance Group fell 1.66%. In contrast, the oil cooperation CNOOCadded 0.87%.
The South Korean Kospi index declined 0.37%, ending the session at 1,988.51 points, while Australia’s S&P/ASX 200 index slid 0.35% at 5,445.20 points. New Zealand’s NZX 50 index gained 0.17% to 5,138.65 points.
European Stocks
Stocks in Europe traded higher on Friday, paring their biggest weekly loss since early April as the EU Summit in Brussels remains in the spotlight.
The European Euro Stoxx 50 gained 0.16% to 3,238.45, while the German DAX rose 0.08% higher to 9,812.36. The French CAC 40 added 0.27% to 4,451.73, while UK’s benchmark FTSE 100 edged up 0.15% to 6,745.29.
Economic reports
In France, the gross domestic product (GDP) expanded 0.7% in the first quarter on a yearly basis, following the 0.8% rise seen in the previous quarter, a report from France’s National Institute of Statistics (INSEE) confirmed.
Meanwhile, France GDP measured on a quarterly and a seasonally adjusted basis showed a flat reading in the first quarter.
Germany’s preliminary inflation reading for June is expected to be released later in the day. Germany’s consumer price index (CPI) is expected to show a rise of 1.0% in June from the previous figure of 0.9% seen in May.
EU Summit
European Union leaders will continue its two-day summit in Brussels on Thursday and will decide on 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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