Europe
European markets saw gains on Thursday, as stocks in the region bounced back from yesterday’s losses. Meanwhile, traders are focusing on earning deliveries from some major companies in the region.
The Euro Stoxx 50 climbed 0.59% higher to 3,194.56, while the German DAX rose 0.54% to 9,596.06 at the time of writing. At the same time, the French CAC 40 edged 0.56% higher to 4,475.90, while the UK benchmark FTSE 100 gained 0.35% to 6,697.82.
The release of the Purchasing Managers’ Index (PMI) data for Germany, France and the eurozone sent shares in Europe lower on Wednesday.
The Ifo business climate indicator for Germany is expected to be released later in the day with analysts expecting to see a drop from the previous reading of 110.7 to 110.4 in April.
Stocks – Asia
In Asia, stocks were seen mixed on Tuesday after a sharp drop was seen in US home sales and investors weighed upbeat earnings from Apple and Facebook.
The Japanese benchmark Nikkei 225 index edged 0.97% lower at 14,404.99 points at the time of writing, at the same time Tokyo’s broader Topix index dropped 0.76% to 1,164.90 points.
The carmaker giants, Toyota Motor Corp, shed 1.4%, while Toshiba Corp slid 4% and Kansai Electric Power sank 4.2% in Tokyo.
In China, the Hong Kong Hang Seng index rose 0.21%, trading at 22,558.59 points at the time of writing, while the mainland benchmark Shanghai Composite edged 0.50% lower to 2,057.03 points at the mark close.
Telecom provider, China Unicorn gained 3.6%, while China Resources Land added 3%. Meanwhile, the energy company, Power Assets Holdings fell 2.8%. Korea’s benchmark Kospi index lost 0.10% to 1,998.34 points. According to the Bank of Korea, Korea’s gross domestic product edged 0.9% higher in the first quarter; while on an annual basis, the country climbed 2.9% in the quarter.
Stocks – Australia
In Sydney, the benchmark S&P/ASX 200 index rose 0.10% higher at 5,523.40 at the closing bell. Among the top gainers were Alacer Gold Corp climbed 5.8%, while the Resolute Mining rose 3.2%, in contrast; the Bank of Queenland lost 2.98%.
Meanwhile, New Zealand benchmark NZX 50 index rose 0.21% to 5,153 points. The Reserve Bank of New Zealand increased its policy rate 25 basis points to 3% on Thursday.
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