Stocks – Asia
Stocks in Asia were seen swinging between losses and gains on Tuesday after the corporate data releases with a regional gauge near its lowest close in a month and the markets in Japan were shut for a public holiday.
Hong Kong’s benchmark Hang Seng index climbed 0.09% to 22,152.00 at the time of writing, while the Chinese benchmark Shanghai Composite edged 0.84% higher to 2,020.34 on Tuesday.
The property developer China Vanke slid 1.82%, while China Petroleum & Chemical Corp fell 1.6% after the refiner reported its first-quarter profit which came in lower than forecasted. China’s biggest carrier, China Unicorn climbed 3.60% higher, while the real estate company Hang Lung Properties gained 3.14%.
Stocks – Australia
In Sydney, the benchmark S&P/ASX 200 index fell 0.92%, to close at 5,485.30. Australia’s largest gold producer, Newcrest Mining, lost 3.1% while the food company, Goodman Fielder added 4.25%.
Stocks – Europe
In Europe, stocks were trading higher, following the release of several earning reports from major companies as the market wait for important macroeconomic reports from Germany, the UK and Italy.
The European Euro Stoxx climbed 0.54% to 3,182.85 at the time of writing while the German DAX rose 0.85% to 9,526.35. At the same time the French CAC 40 edged 0.29% higher to 4,473.57, while the UK benchmark FTSE 100 index gained 0.55% to 6,737.02.
In Spain, the Labour Ministry reported the unemployment rate for the first quarter, which climbed to 25.93%, up from the previous figure of 25.73%.
Italy’s retail sales are expected to show a flat reading in February month-on-month and expected to show a 0.7% drop on an annual basis.
FOMC Meeting
The Federal Reserve will begin its two-day monthly policy meeting later in the day with predictions that the Federal Reserve will announce another cut to its stimulus for the fourth time in a row.
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