After better than expected economic data from the United States and a series of rate hike decisions due out next week, European markets were flat in early trading on Friday. In the mid-morning trade, the Stoxx 600 Pan-European Index it was marginally higher, with all major bourses remaining quiet. Petroleum Y gas rose 1.10%, while food Y drink Shares fell 0.50%.
Investors are digesting mixed results from corporate earnings released this week, with the year-on-year rally faltering.
On Friday, the United States will publish data on core inflation, personal income, spending and pending home sales. The fourth quarter of united states economy it grew 2.90% annually, exceeding expectations, although fears of recession persist. However, the main indices of financial world It rose as investors digested the most recent round of corporate earnings, led by a Tesla-led tech rally.
Data on French consumer confidence and loans to eurozone households will be released in Europe. Europe’s largest economy is likely to avoid a recession this year, according to predictions made earlier this week by the German government and the Ifo Institute. All economic indicators and earnings will be closely scrutinized, with central banks taking center stage the following week.
What about Asia and Oceania markets?
Asia-Pacific stocks rose on Friday as traders digested Tokyo’s basic January consumer prices, which rose 4.30% faster than expected, nearing the highest for Japan’s capital since mid-1981.
nikkei 225 ended slightly above the flat line at 27,382.56, while the Topix it gained 0.22% to close at 1,982.66. The 10-year Japanese government bond yield rose more than 3.00% to 0.48%, nearing the upper end of the central bank’s yield curve tolerance range.
In Australia, the S&P/ASX 200 rose 0.34% to 7,493.80. As the earnings of the main companies in the region were announced, the Kospi rose 0.62% to 2,483.01, and the kosdaq rose 0.31% to 741.25 in South Korea.
After a rally in the first trading session after the New Year holidays, Hong Kong Hang Seng Index increased 0.24%, and the Hang Seng Technology Index rose 0.62%.
