European shares gave up three-month highs on Thursday and closed mixed after a surprise sharp decline in U.S. retail sales pulled stocks lower in afternoon trading, spoiling an initially upbeat session. The pan-European STOXX 600 closed down 0.32%. after spending the first half of the day in positive territory. France’s benchmark CAC 40 index was down 0.23%. Germany’s DAX lost 0.69%% and the U.K.’s FTSE was up 0.09%.
U.S. stocks fell on Thursday as disappointing retail sales in the crucial holiday period and mixed corporate earnings revived concerns over a slowdown in global growth,but the Nasdaq eked out gains to rise for a fifth session in a row. The Dow Jones Industrial Average fell 103.88 points, or 0.41%, to 25,439.39, while the S&P 500 indexshed 7.30 points, or 0.27%, to 2,745.73. The Nasdaq Composite Index edged up 6.58 points or 0.09% to 7,426.96.
Oil prices rose on Thursday for a third straight session amid increasing evidence that Saudi Arabia and other major oil producers are making good on a pledge to reduce production. March West Texas Intermediate crude oil rose 51 cents, or 1%, to settle at $54.41 on the New York Mercantile Exchange. Meanwhile, April Brent added 96 cents, or 1.51%, to $64.57 on the ICE Futures Europe exchange
Asian stocks slipped on today morning after grim U.S. retail sales figures raised fresh doubts about the strength of the U.S. economy, offsetting optimism on trade talks between the United States and China. Shares in Japan are off as the Nikkei 225 drops 0.85%. The Hang Seng is down 0.88% while the Shanghai Composite in China is off 0.19% The ASX 200 is up 0.25%. The Kospi is down 0.97%.
Our Markets are expected to open flat on toiday tracking mixed trend seen in other Global markets.
Asian markets slip further today morning as all major indexes fall. The Nikkei 225 is off 1.20% while the Hang Seng is down 1.68%. The Shanghai Composite is down 0.75%. The ASX 2000 i flat with a marginal gain or 0.02%. Teh Kospi if off 1.54%.
Asian shares closed broadly lower on toay, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing.Japan’s benchmark Nikkei 225 retreated 1.13% and the Kospi in South Korea tumbled 1.34%. Hong Kong’s Hang Seng gave up 1.87% while the Shanghai Composite closed down 1.37%. Australia’s S&P/ASX 200 bucked the regional trend, picking up 0.11% to 6,062.30.