2023-08-31 12:04:47
Shanghai was falling. London, Tokyo and Paris were progressing. Oil prices were rising. (Photo: The Canadian Press)
MARKET REVIEWS. Global stock markets were mostly up on Thursday ahead of U.S. inflation and hiring updates, which traders hope will persuade the U.S. Federal Reserve that there is no longer a need to raise interest rates.
Shanghai was falling. London, Tokyo and Paris were progressing. Oil prices were rising.
Wall Street futures were up following the US government cut its estimate of economic growth for the second quarter to a still-robust level.
Stock market indices at 5:45 a.m.
In New York, forecasts for the expanded index S&P 500 were an increase of less than 0.1% and, for the average Dow Jones industrial stocks, 0.3%.
On the New York Commodity Exchange, the price of crude oil gained 23 US cents to US$81.86 a barrel in electronic trading. It rose 47 US cents on Wednesday to reach US$81.63.
At the start of trading in Europe, the FTSE 100 in London gained less than 0.1% to 7475.07 points, while the CAC 40 in Paris increased by 0.2% to 7378.61 points. THE DAX in Frankfurt rose by 0.6% to 15,984.44 points.
In Asia, the Shanghai Composite Index retreated 0.6% to 3,119.87 points.
The Nikkei 225 in Tokyo gained 0.9% to 32,619.34 points following official data showed Japanese factory activity contracted 2% from a month earlier in July.
The Hang Seng in Hong Kong fell by 0.6% to 18,382.06 points and the Kospi in Seoul lost 0.2% to 2,556.27 points.
The S&P-ASX 200 Sydney gained 0.1% to 7305.30 points while the Sensex if retreated 0.2% to 64,962.20 points
The New Zealand et Singapore progressed, while Bangkok et Jakarta were decreasing.
The context
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