Asian markets traded mostly in the green on Thursday, tracking another strong lead from Wall Street overnight. Fears over trade disputes abated and remarks by ECB chief economist, Peter Praet eased worries about the new Italian government's spending plans. Investors' focus turns to the summit of the Group of Seven (G7) starting tomorrow in Quebec. In Australia, the local sharemarket closed higher for a second consecutive session, helped by gains in mining and energy stocks.
European markets closed mixed with London opening late due to a technical glitch. Bank stocks performed well on reports that the European Central Bank will discuss how to end quantitative easing when it meets next week. On the data front, German factory orders dropped 2.5 percent in April, from a 1.1 percent fall in the previous month. Seasonally adjusted GDP rose by 0.4% in both the euro area and the EU28 during the first quarter of 2018, compared with the previous quarter, according to an estimate published by Eurostat.
Across the Atlantic, U.S. stocks closed mixed. While the Dow Jones rose to its best closing level in three months boosted by shares of McDonald's, a decline in tech shares moved the Nasdaq and the S&P 500 to the downside.
Meanwhile, investors loaded up on bonds after a sharp sell-off in emerging markets, led by Brazil. Emerging markets have been spooked by a number of factors, including U.S. trade wars and Federal Reserve interest-rate hikes. The iShares MSCI Brazil ETF (EWZ) fell 5.1 percent.
World Markets Headlines Today
Hong Kong stocks get further boost after Wall Street rally (Nikkei Asian Review)
India: Sensex, Nifty surge over 1% led by banking stocks (Mint)
Australia: Stocks rally on energy surge (Australian Business Review)
European Shares Seen Opening Higher In Cautious Trade (RTT News)
Europe markets higher as bank stocks surge (CNBC)
European markets are higher today with shares in France leading the region (CNN Money)
S&P, Nasdaq fall as tech rally loses steam; Dow rises (Reuters)
Traders Absorb Shocks as Bonds Rally, FAANGs Drop (Bloomberg)
S&P 500, Nasdaq end lower to break four-day winning streak (Marketwatch)
Gold inches up as euro gains against dollar, Oil prices rise on Venezuelan supply troubles, but US output surges (Reuters)
25 Major Markets Stock Indices Closing Data
All Continents Stock Indices Closing Data
Tokyo's Nikkei 225 was up 0.87% while Hong Kong's Hang Seng rose 0.81%. China's Shanghai Composite lost 0.20%. Seoul's KOSPI gained 0.69%.
Mumbai's Sensex increased 0.81% while Nifty 50 was higher by 0.78%. Australia's ASX 200 finished the day 0.53% in the green Singapore's STI grew 0.15%. Jakarta's Composite rose 0.61% and Taiwan's Weighted Index was up 0.45%.
The Paneuropean STOXX600 was off 0.24%. France's CAC fell 0.17%. London's FTSE was lower by 0.10%. Belgium's BEL 20 ticked up 0.02%. Amsterdam's AEX fell 0.04%. Moscow's IMOEX ticked up 0.03%.
In Southern Europe, Lisbon's PSI20 was up 0.20% while Spain's IBEX 35 was higher by 0.38% and Italy's FTSE MIB dropped 0.18%. In Scandinavia, Stockholm's OMXS30 fell 0.22% while Copenhagen's OMXC25 moved downward 0.62%. Helsinki's OMXHPI ticked up 0.01%.
In Central Eastern Europe, Budapest's BUX rose 0.66% while Warsaw's WIG was up 0.56%. Prague's PX was higher by 0.48% and Bratislava's SAX grew 0.93%. Tallinn's OMXT was higher by 0.09% while Riga's OMXR was unchanged. In Vilnius, the OMXV was off 0.23%.
In South Eastern Europe, Bucharest's BET was down 0.06% while Sofia's Sofix lost 0.39%. Belgrade's Belex 15 fell 0.42%. Podgorica's MNSE10 decreased 0.54%. Sarajevo's SASX10 moved downward 0.09% while Banja Luka's BIRS grew 0.34%. Ljubljana's SBI Top was lower by 0.90%. Zagreb's Crobex advanced 0.06%. In Skopje, the MBI10 was up 1.53%. Istanbul's BIST100 jumped 2.03%. In Athens, the General Index finished the day 0.31% in the hole while in Nicosia dropped 1.06%.
Botswana's DCI ticked up 0.03% while Dar Es Salaam's ASI dropped 0.15%. Egypt's EGX 30 gained 0.09%. Johannesburg's ASI was up 0.53%. Casablanca's MASI was higher by 1.30%. Malawi's ASI rose 0.97%. Nigeria's ASI grew 1.58%.
Nairobi's ASI increased 0.22%. Namibia's Overal Index dropped 0.38%. Rwanda's ASI fell 1.01%. Mauritius' SEMDEX gained 0.25%. Tunisia's TUNINDEX was unchanged. Uganda's ASI rose 1.35% and Zimbabwe's Industrial Index grew 0.95%.
In Canada, the S&P TSX Composite advanced 0.05%. In the U.S., the Dow Jones was up 0.38% the S&P 500 was down 0.07% while the Nasdaq lost 0.70%.