| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3820 Registered: 05-2011 Rating: N/A |
World markets waiting on cues from Fed The global equity markets are mixed. This comes as little surprise with the FOMC set to release its update later this afternoon. S&P Futures are hovering right around the flat-line around 4627. The range was contained to a high of 4638.25 and a low of 4620.50. In Asia, China slid 0.4% while Japan inched higher by 0.1%. The Shanghai suffered from a mixed set of economic data. November Retail Sales saw a slowdown to 3.9%, down from 4.9% in October and below consensus of 4.6%. November housing prices increased 3.0%, but this was also at a slower clip than October's print of 3.4%. On a positive note, Industrial Production topped expectations, rising 3.8% compared to the forecast of 3.6%. In Japan, the Nikkei witnessed a lackluster trading session. Toyota was a bright spot, rising nearly 4% after the automaker announced its long term electric vehicle objectives. In Europe, the major bourses are off to mixed starts. The FTSE seems to be struggling after hot inflation reports. The November CPI rose 5.1%, topping the expectation of 4.7%. Retail names are under pressure with Inditex and H&M down about 2% after both reported quarterly earnings. |