Major world markets are trading in positive territory, but with investor caution, as rising coronavirus cases threaten the global economic recovery.
The Dow futures are trading lower by 0.24%, and the S&P 500 futures are down by 0.18% on the last check early Friday. WTI crude oil futures are up by 0.29% at $42.02, and gold futures have gained 0.20% at $1,865.20. Ten-Year Treasury yield is down by 1.3 basis points to 0.842%.
Asia: Japan’s Nikkei 225 fell 0.42% on Friday, down for the third consecutive session as rising COVID-19 cases dampen sentiment. The nation’s Core Consumer Price Index (CPI) fell 0.7% year-over-year in October and ticked lower by 0.1% MoM. The manufacturing and services activity shrunk in November due to nationwide lockdowns.
China’s Shanghai Composite benchmark gained 0.44% on Friday after the People’s Bank of China kept the Prime Loan Rate unchanged at 3.85%. Investors cheered the move by China’s security regulator, allowing foreign investors to trade Dalian palm futures.
Hong Kong’s Hang Seng Index closed higher by 0.36% as the market clocked its third consecutive weekly gain. Hong Kong’s CPI fell by a marginal 0.20% YoY in October.
Australia’s S&P/ASX 200 shed 0.12% as the index snapped a four-day rally streak. Australia’s October retail sales increased by 1.6% MoM.
India’s Nifty is trading higher by 0.68% while South Korea’s KOSPI gained 0.24%, closing higher for the third week straight.
Europe: Euro Stoxx 50 is trading up by 0.79% at press time Friday. The bloc’s construction output for September fell by 2.93% MoM. Consumer Confidence Index data is due later today.
London’s FTSE 100 index is up by 0.67% at publication time. U.K.’s core retail sales for October showed strong growth, increasing 1.3% MoM and 7.8% YoY. The headline retail sales rose by 1.2% MoM and 5.8% YoY.
Germany’s DAX has gained 0.49% in early trade after October’s Producer Price Index rose by 0.1% MoM but fell 0.7% YoY, in line with the consensus on both counts.
France’s CAC 40 index and Spain’s IBEX 35 index are trading higher by 0.64% and 0.73%, respectively, on the last check Friday.
Forex Trading: U.S. Dollar Index futures are up by 0.09% to 92.368. The dollar strengthened 0.12% against the Euro to $1.1858, 0.10% against the Japanese Yen to ¥103.83, but weakened 0.05% against the Sterling Pound to $1.3268.
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