Global Markets on Edge: Economic Indicators and Trade Deals In Focus
World stocks showed mixed performance amid economic markers such as central bank decisions, inflation figures, and trade deal negotiations. The Bank of Japan's lack of rate changes spurred interest, while U.S. and European earnings exceeded expectations. Chinese stocks fell, impacting the overall global index, amid trade discussions and tariff announcements by President Trump.
Global stock markets displayed a mixed bag on Thursday as investors digested a slew of economic indicators, including central bank rate decisions, inflation metrics, and critical trade deal negotiations ahead of a key U.S. deadline. The Bank of Japan maintained interest rates, bringing cautious optimism towards Japan's economic outlook.
Japanese bond yields briefly climbed, only to retract post-BOJ statement, aligning future rate hikes expectations accordingly. The yen stabilized at 149.73 per dollar, while the Nikkei saw a modest over 1% gain. Concurrently, Nasdaq futures jumped 1.4% following robust earnings reports from Microsoft and Meta Platforms, steering the S&P 500 futures up over 1%.
However, China's disappointing PMI data pressured shares, with the CSI 300 seeing its largest fall since early April. Across Asia, traders weighed the implications of U.S.-South Korea trade agreements and Donald Trump's tariff declarations on India. In contrast, Indian markets regained ground, and the Korean won appreciated 0.3% amid these developments.
(With inputs from agencies.)
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