Asian Stocks
Asian stocks fell on Friday, following Wall Street losses overnight, with all eyes on the US non-farm payrolls report due later in the day.
The Japanese Nikkei 225 index edged 0.05% lower to close at 15,668.68, while Tokyo’s Topix index fell 0.20% to 1,293.83.
In Japan, silicon wafers maker Sumco saw the most gains during the session, with shares climbing 3.15%, while the homebuilder Sekisui House added 2.2% to 1,338.50 yen after reporting first-half net income rose to 42.2 billion yen from 34 billion yen seen in the previous year. On the downside, Artiza Networks slid 7.3% to 1,111 yen after forecasting a decline in net income, while Yamato Holdings lost 3.44%.
Hong Kong’s Hang Seng index declined 0.24% to trade at 25,097. 25, while the Chinese mainland Shanghai Composite added 0.26% to 2,288.33.
In China, the New World Development saw gains on the Hang Seng index, with shares up 1.98%, while the Casino operator Sans China and Belle International slumped almost 2% each. China Hongqiao fell 6.6% to HK$6.36 after announcing plans to sell new shares to its controlling stockholder.
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The South Korean Kospi index dropped 0.25% to 2,056.26, while the Australian benchmark S&P/ASX 200 index fell 0.57% to 5,598.70.
US Futures
Futures on the S&P 500 fell 0.1% on Friday. While the market focus on the release of the US jobs report, analysts are expecting to see 230,000 new jobs added in august, compared to 209,000 seen in July.
On Thursday, a report released from the US showed that services providers, including construction and retail companies, grew in August at the fastest paces in nine years.
European Stocks
The European stock market started little changed as investors digest the ECB unexpected decision to trim down the benchmark rate lower.
The European Euro Stoxx 50 slid 0.07% lower to open at 3,275.09.
The German DAX edged 0.08% lower to 9,716.52 at the time of writing as the nation’s industrial production climbed 1.9% in July on a seasonally adjusted basis and rose 2.5% on a yearly basis, according to the Federal Statistical Office.
At the same time the French CAC 40 fell 0.05% to 4,492.72 and UK’s benchmark FTSE 100 gained 0.04% to start at 6,881.01.
ECB Stimulus
The European central Bank (Bank) unexpectedly cut its benchmark interest rates by ten basis points to 0.05% and said it will start buying assets backed securities and covered bonds to boost the euro-block economy by supporting credit flows. The move dragged European stocks lower.
In other news, world leaders continue to discuss ongoing conflicts in Iraq and Ukraine at the North Atlantic Treaty Organization (NATO) summit held in Wales.
Representatives of Ukraine and pro-Russian rebels are expected to meet to hold peace talks in Minsk, after Russian President Vladimir Putin and his Ukrainian counterpart President Petro Poroshenko presented a seven-point plan to end the deadly conflict in the southern region of Ukraine.
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