Investing.com - Financial Markets Worldwide

Nikkei Rallies While Jump In China’s CPI Sends Metals Lower

ByBinary Options Strategy
Published 01/14/2013, 04:49 AM
Updated 05/14/2017, 06:45 AM
Equities

Disappointing inflation data from China sent the Shanghai Composite tumbling 1.8% to 2243, its largest drop in 4 months. CPI rose to 2.5% from 2% as inflation hit a 7-month high, which could limit fiscal stimulus options for China’s central bank. The Nikkei rallied 1.4% to 10801, as Prime Minister Abe called for additional stimulus efforts. Around the region, the Kospi fell .5%, the ASX slipped .3% and the Hang Seng declined .4%.
Nikkei 225 Index
European markets settled modestly higher, as gains in tech shares were offset by losses in miners. The FTSE gained .3 to 6122, the CAC 40 inched up .1% to 3706, and the DAX ticked up 7 points to 7716.

US indexes traded in narrow ranges on light volume. The Dow crawled up 17 points ti 13488, the Nasdaq rose .1% to 3126, and the S&P 500 ended flat at 1472.

Best Buy shares surged 16.4% to 14.21, as same-store sales remained flat from a year before, whereas analysts had anticipated a drop in sales.

Economic Outlook
The US trade deficit widened to 48.7B from 42.1B, suggesting exports were significantly weaker than hoped.

Bernanke will speak at the University of Michigan at 4pm.

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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.