US Stocks
US stocks declined from its record-highs after the release of the Federal Open Market Committee’s (FOMC) October meeting minutes which showed some Fed officials suggested the central bank need to monitor inflation expectations. The minutes also revealed that most of the Federal Reserve officials supported keeping the federal funds rate low.
The S&P 500 index fell 0.17% to 2,048.40, while the Dow Jones slid 0.03% to 17,683.04 and the Nasdaq technology index edged 0.57% to 4,675.71 at the time of writing.
Meanwhile, a separate report released showed that housing starts declined 2.8% to 1.009 million in October at an annualized rate. The report also showed that building permits rose 4.8% to 1.080 million, the highest since June 2008.
Asian Stocks
Asian stocks were seen mostly trading higher on Thursday, as the Japanese yen weakened to a seven-year low against the dollar after the release of the Federal Open Market Committee’s (FOMC) October meeting minutes.
The Japanese Nikkei 225 index advanced 0.1% to 17,300.86, while Tokyo’s Topix index gained 0.1% to 1,397.64. The yen was trading around 0.6% to 118.64 per dollar on Thursday.
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Data from the Ministry of Finance showed that Japan’s trade deficit narrowed to 710 billion yen in October from 958.3 billion yen in the previous month.
The nation’s exports climbed 9.8% on a yearly basis, surpassing analysts’ forecast of 4.5%. Imports came in lower than expected, standing at 2.7% on an annual rate in October.
Hong Kong’s Hang Seng index gained 0.1%, while the Chinese mainland Shanghai Composite index fell 0.1% to 2,449.24 at the time of writing.
The Chinese manufacturing activity came in slightly moderate this month as the nation’s flash purchasing managers’ index from HSBC Holdings and Markit Economics dropped to 50.4, the lowest reading in six months.
Europe Stocks
The stock market in Europe opened the day in the red territory on Thursday after the release of some of the economy’s purchasing managers index (PMI) reports.
Europe’s Euro Stoxx 50 declined 0.26% at 3,114.90, while UK’s FTSE 100 fell 0.05% to 6,693.52 at the time of writing. In France, the benchmark CAC 40 index slid 0.30% to 4,253.58 as the country’s flash manufacturing Purchasing Managers’ Index (PMI) fell to 47.6 for the eleventh consecutive month.
The German DAX 30 index edged 0.12% lower to 9,461.26 at the time of writing, while a report showed that Germany’s Producer Price Index (PPI) declined 1.0%.
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