| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3847 Registered: 05-2011 Rating: N/A |
World markets stagnant overnight The global equity markets have a slight upward bias. S&P Futures are modestly higher, up about four points to around 4788. The market traded in a narrow range throughout the Asian session but took a small step higher upon the European trade. The low was set early on at 4775.50 while the high resides at 4792.50. In Asia, China rose 0.4% and Japan slid 0.6%. The Shanghai saw a sentiment boost after reports that the state will put efforts into a recovery by reducing income tax rates. In Japan, the Nikkei fell for the second consecutive day. Coronavirus cases hit a two-month high on Thursday. Video game makers fell out of favor with the likes of Nintendo and Konami dropping 2%. In Europe, the major bourses are flattish. Economic data was light, giving these markets little to digest. Automakers are among the sectors showing weakness with names such as Daimler, BMW and Stellantis down 0.5-1%. |