Global Markets:
- Asian Stock Markets : Nikkei down 0.81%, Shanghai Composite down 0.78%, Hang Seng up 0.87%, ASX up 0.38%
- Commodities : Gold at $1939.65 (+0.13%), Silver at $23.343 (+0.27%), Brent Oil at $79.46 (+0.05%), WTI Oil at $74.86 (+0.03%)
- Rates : US 10-year yield at 3.949, UK 10-year yield at 4.672, Germany 10-year yield at 2.614
News & Data:
- (USD) NFIB Small Business Index 91.0 vs 89.9 expected
- (USD) IBD/TIPP Economic Optimism 41.3 vs 45.3 expected
- (JPY) Core machinery Orders m/m -7.6% vs 0.9% expected
Markets Update:
Asian markets exhibited a mixed performance today. In Japan, the Nikkei 225 index slid by 0.81% to close at 31,943.93. This marked the first time in over a month that the index finished below the 32,000-point mark. Similarly, the Topix index was down by 0.67% and concluded at 2,221.48. Meanwhile, Japan’s official data revealed a slowdown in wholesale inflation, with the corporate goods price index rising only 4.1% year-on-year, the lowest pace in six months.
In the Australian markets, the S&P/ASX 200 index gained 0.38% and finished at 7,135, further extending its positive performance from Tuesday. The market seemed to maintain its upward momentum, indicating a favorable sentiment among investors. This upward movement reflects the resilience and stability of the Australian economy amidst global uncertainties.
Hong Kong’s Hang Seng index registered a gain of 0.87%, while mainland Chinese indexes displayed negative performance. The Shanghai Composite index fell by 0.78%, and the Shenzhen Component index was down by 0.98%.
In the commodities market, prices showed marginal gains across various assets. Gold prices edged up by 0.13% to reach $1939.65, while silver prices rose by 0.27% to $23.343. The oil market remained relatively stable, with Brent Oil experiencing a slight increase of 0.05% to $79.46, and WTI Oil recording a minimal gain of 0.03% at $74.86.
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