Global Markets:
- Asian Stock Markets : Nikkei up 0.72%, Shanghai Composite up 0.12%, Hang Seng up 1.94%, ASX up 0.47%
- Commodities : Gold at $1949.20 (+0.07%), Silver at $24.22 (-0.77%), Brent Oil at $82.75 (-0.55%), WTI Oil at $78.40 (-0.67%)
- Rates : US 10-year yield at 4.186, UK 10-year yield at 4.4555, Germany 10-year yield at 2.470
News & Data:
- (CAD) Core Retail Sales m/m -0.8% vs 0.3% expected
- (CAD) Retail Sales m/m 0.1% vs 0.0% expected
- (USD) Flash Manufacturing PMI 47.0 vs 48.9 expected
- (USD) Flash Services PMI 51.0 vs 52.1 expected
Markets Update:
Asian-Pacific markets saw positive trends on Thursday, led by Hong Kong stocks. South Korea’s central bank kept rates steady at 3.5%, while Indonesia was expected to maintain its benchmark policy rate at 5.75%. The producer price index in South Korea rose by 0.2% year-on-year, continuing a 13-month trend of slowing growth in the PPI.
Investors also awaited chipmaker Nvidia’s earnings release on Thursday, which exceeded estimates for the fiscal second quarter and included an optimistic outlook for the current period. Hong Kong’s Hang Seng index led regional gains, surging by 2.06%, while China’s CSI 300 also rose by 0.78%.
In Japan, the Nikkei 225 index closed 0.72% higher at 32,287.21, and the Topix increased by 0.43% to end at 2,286.59, marking the fourth consecutive day of gains. Australia’s S&P/ASX 200 advanced by 0.47%, reaching 7,182.1 and extending its winning streak to three days.
South Korea’s Kospi rebounded, closing 1.28% higher at 2,537.68, accompanied by a 2.14% rise in the Kosdaq, closing at 901.74. In the United States on the previous day, all three major indexes experienced gains, with the Dow Jones Industrial Average closing 0.5% higher. The S&P 500’s 1.1% increase marked its strongest daily performance since June 30, while the Nasdaq Composite climbed 1.6%, achieving its third consecutive day of gains.
Upcoming Events:
- 11:01 PM GMT – GBP GfK Consumer Confidence
- 11:30 PM GMT – JPY Tokyo Core CPI y/y
- 11:50 PM GMT – JPY SPPI y/y
