US Stocks
US stocks saw minor losses on Wednesday, just before closing near an all-time high.
The Standard & Poor’s 500 index declined 0.7 to close at 2,038.24, while Dow Jones slid 0.02% lower to 17,612.20 and the Nasdaq technology index rose 0.31% to end at 4,675.14.
A report from the Department of Commerce showed that stockpiles held by wholesalers climbed in September by 0.3%, compared to analysts forecast of a 0.2% rise.
Asian stocks
Asian stocks were seen trading in between gains and losses on Thursday before China released the industrial production report for October.
The Japanese Nikkei 225 index rose 0.19% to 17,229.14 points during the early trading hours, while Tokyo’s Topix added 0.12% to 1,378.67 points.
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On Oct 31, the country’s central bank announced plans to increase its monetary base by 80 trillion a year, which boosted the Nikkei 225 above 17,000, for the first time in seven years. Meanwhile the Japanese yen was a little changed against the US dollar on Thursday, trading around 115.50 yen against 115.75 on Wednesday.
Banking stocks were dragged lower, with Shinsei Bank sinking 2.5% lower, the Bank of Yokohama lost 0.7% and Sumitomo Mitsui Trust Holdings declined 1.5%. While property developers were also down with Heiwa shares fell 1.4% and Sumitomo Reality & Development eased 0.9%.
A report from the Cabinet office showed that Japan’s core machinery orders jumped 2.9% month-on-month in September, compared to the forecast of a 1% fall.
Hong Kong’s Hang Seng index edged 0.06% lower to 23,924.59 points, while the Chinese mainland Shanghai Composite declined 0.22% to 2,488.93 points at the time of writing.
The world’s second largest economy is expected to release the industrial production report for October, with forecast of a rise of 8% on an annual basis, while China’s retail sales are expected to remain unchanged at 11.6%.
The South Korean Kospi index rose 0.02% higher, while Australia’s benchmark S&P/ASX 200 index slumped 0.4% to 5,441.50, dragging banking stocks lower.
The National Australia Bank fell 0.8%, ANZ eased 0.6%, Commonwealth Bank of Australia declined 0.7% and Westpac lost 1.3 after the CEO Gail Kelly announced her resignation.
Europe Stocks
Stocks in the European region were seen trading in the green territory on Thursday as traders digest the inflation reports from France and Germany.
Europe’s Euro Stoxx 50 added 0.45% to 3,061.06 at the time of writing, while the UK’s benchmark FTSE 100 rose 0.12% to 6,619.31.
Germany’s DAX 30 index edged 0.45% to 9,252.19 after a report from the Federal Statistical Office showed that the country’s consumer-price inflation came remained unchanged, standing at 0.8% in October on a yearly basis.
In France, a report from the National Institute of Statistics and Economic Studies showed that the inflation figure for October came in at 0.55 year-on-year, compared to the previous figure of 0.3%, while the benchmark CAC 40 index climbed 0.42% to 4,197.32 at the time of writing.
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