Global stocks traded mixed amid China and US economic concerns

by IS_Indust

On Wednesday, global shares showed a mixed trading pattern, with Japan’s benchmark experiencing a significant surge due to positive economic growth data. However, the rest of Asia remained uncertain, contributing to the varied market performance.

Global stocks displayed a mixed trading session on Wednesday, with Japan’s benchmark experiencing a notable increase fuelled by encouraging economic growth data. In contrast, the rest of Asia faced uncertainty, leading to more subdued market performance.

In early trading, France’s CAC 40 experienced a slight decline of nearly 0.1%, reaching 7,399.51. On the other hand, Germany’s DAX showed a modest increase of 0.3% to reach 15,950.96.

Britain’s FTSE 100 showed a marginal increase, edging up by less than 0.1% to reach 7,755.25. In the US, Dow futures indicated a slight upward movement of 0.3%, reaching 33,150.00. Similarly, S&P 500 futures witnessed a rise of 0.2%, reaching 4,132.00.

The Nikkei 225, Japan’s benchmark index, recorded a gain of 0.8% and closed at 30,093.59. Meanwhile, Australia’s S&P/ASX 200 experienced a slight dip of 0.5%, closing at 7,199.20 following a report of better-than-expected wage increases. The wage price index showed a year-on-year rise of 3.7%. However, some analysts speculate that this could lead to an interest rate hike in the coming months.

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