Asian markets traded mixed on Thursday. The Nikkei inched up .1% to 8563, and the Kospi rose .3% to 1814. In China, markets slid after the HSBC PMI report dropped to 48.7 from 49.3, confirming slowdown fears. The Shanghai Composite and Hang Seng both shed .6%, and the ASX 200 declined .3%.
In Europe, markets rallied following Wednesday sharp slide. The FTSE jumped 1.6%, the CAC40 advanced 1.2%, and the DAX rose .5%. Energy shares rallied 2.2% as crude oil bounced, after sliding below $90 a barrel on Wednesday. The market rose despite disappointing economic data in France and Germany.
The major US indexes closed mixed, as the Dow rose 24 points to 12530, the S&P 500 edged up .1% to 1321, while the Nasdaq fell .4% to 2839.
HP climbed 3.3% after posting solid earnings, and announcing a plan to cut 27000 jobs. NetApp tumbled 12.3% after the company issued a disappointing outlook for the year.
Currencies
European currencies slid, as the Euro and Swiss Franc declined .4% to 1.2538, and 1.0436, respectively. The Pound eased .1% to 1.5672, and the Canadian Dollar slipped .2% to 1.0270. The Australian Dollar managed a slight gain of .1% to .9763.
Economic Outlook
In the US, weekly unemployment claims improved by 2K to 370K, while durable goods orders rose less than expected. In Europe, the German Ifo business climate report fell for the first time in 7 months, and PMI manufacturing data from France and Germany showed the economy continues to slow.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Economic Data Points To Weakness In China And Europe
Published 05/25/2012, 06:52 AM
Updated 05/14/2017, 06:45 AM
Economic Data Points To Weakness In China And Europe
Equities
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.