US Stocks
US stocks continue to trade higher with the Standard & Poor’s 500 Index rising for a fifth day as the country celebrates Veterans Day national day
The S&P 500 climbed to 2,039.62, while the Dow Jones Industrial Average rose 0.01% to close at 17,614.96 and the Nasdaq technology index gained 0.19% to 4,660.55, while the US Treasury markets are closed for the Veteran’s Day holiday.
Asian Stocks
Stocks in the Asian region were trading mostly higher on Wednesday, with Japanese stocks boosted by the weaker yen, which fell to a seven-year low.
The Japanese Nikkei 225 index rose 1.38% to 17,360.77 points at the time of writing, while Tokyo’s Topix index advanced 1.18% to 1,391.40 points at the time of writing. The Topix index has jumped 7.7% after the Bank of Japan boosted stimulus and the nation’s pension fund said it will increase stock holdings.
The yen weakened against the US dollar on Wednesday, trading around 115.74 yen versus 114.75 yen on Tuesday, boosting gains for the nation’s exporters.
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Property developers saw gains, with Mitsubishi Estate up by almost 3%, Sumitomo Realty & Development added 5% and Mitsui Fudosan gained 2%.
Auto stocks were also trading higher, with Isuzu Motors up 2% and Toyota Motor jumping1.8%.
Hong Kong’s Hang Seng index edged 0.12% higher to 23,836.17 points during the early trading hours, while the Chinese mainland Shanghai Composite (SSE) fell 0.82% to 2,449.58 points at the same time.
The South Korean Kospi index climbed 0.06% to 1,964.67 points, while Australia’s benchmark S&P/ASX 200 index declined 0.63% to 5,482.40 points.
The Westpac-Melbourne Institute Consumer Sentiment index edged up 1.9% in November to 96.6, compared to the previous figure of 94.8 in October.
Europe Stocks
European stocks started with losses on Wednesday before the release of the eurozone’s industrial production report.
Europe’s Euro Stoxx 50 fell 0.40% lower to open at 3,092.73, while the UK’s benchmark FTSE 100 index slid 0.13% to 6,618.82 at the time of writing. The French CAC 40 index declined 0.26% to 4,232.98 and Germany’s benchmark DAX 30 index edged 0.33% lower to 9,337.89.
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