FYI: Global stocks mostly edged higher on Thursday, as a relatively upbeat corporate earnings season so far offset lingering concerns about the global economy.
The Stoxx Europe 600 was up 0.2% in the opening minutes of trading. The index’s tech sector was the sharpest gainer, climbing 1.3%, as semiconductor manufacturer STMicroelectronics rose 8% after releasing its earnings report.
Renault shares ticked down 0.5% after the news that Chief Executive and Chairman Carlos Ghosn resigned Wednesday night.
Placid trading in Europe followed a slightly stronger session in Asia, where Hong Kong’s Hang Seng and the Shanghai Composite Index each climbed 0.4%, with both indexes paring most of the losses incurred earlier in the week following weak Chinese growth figures.
Japan’s Nikkei benchmark slipped 0.1%, pulling back for a fifth trading session in the past seven, after the country’s manufacturing purchasing managers index fell to neutral in January, ending a 2½-year growth streak. That followed gloomy export figures the previous day.
U.S. futures pointed to flat opens for the S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite Index. Wednesday saw the weakest volumes on the New York Stock Exchange so far in 2019, with investors struggling to navigate a mix of economic and political forces.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-follow-wall-street-higher-on-upbeat-earnings-11548321352Bloomberg:
https://www.bloomberg.com/news/articles/2019-01-23/asia-stocks-set-to-dip-as-growth-debate-rages-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-chip-stocks-xilinx-earnings-xilinx-stock-market-rally/Reuters:
https://www.reuters.com/article/us-usa-economy-labor/ai-to-hit-hardest-in-u-s-heartland-and-among-less-skilled-study-idUSKCN1PI0D8CNBC:
https://www.cnbc.com/2019/01/24/stock-market-major-earnings-and-data-in-focus.htmlEurope:
https://www.cnbc.com/2019/01/24/european-stocks-focus-on-shutdown-growth-and-us-china-trade-talks.htmlAsia:
https://www.marketwatch.com/story/asian-markets-mostly-rise-after-reassuring-earnings-on-wall-street-2019-01-23/printBonds:
https://www.cnbc.com/2019/01/24/bonds-and-fixed-income-trade-war-and-data-in-focus.htmlCurrencies:
https://www.cnbc.com/2019/01/24/forex-markets-global-economy-us-china-trade-in-focus.htmlOil:
https://www.cnbc.com/2019/01/23/oil-markets-global-economy-in-focus.htmlGold:
https://www.cnbc.com/2019/01/24/gold-markets-global-economic-growth-us-government-shutdown-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx
