Asian Stock Market: Mixed trading ahead of the key US PCE data

d gauge of inflation ahead of the highly anticipated Nonfarm Payrolls for August. At press time, China’s Shanghai is down 0.60% to 3,117, the Shenzhen Component Index falls 0.44% to 10,416, Hong Kong’s Hang Sang declines 2.02% to 18,401, South Korea’s Kospi is down 0.43% and Japan’s Nikkei is up 0.77%.

In China, manufacturing activity and the services sector deteriorated further this month, which is likely to put more pressure on authorities to move forward with stimulus measures to revive the economy. The National Bureau of Statistics showed on Thursday that the Chinese Manufacturing Purchasing Managers' Index improved to 49.7 in August from 49.3 in July, but below the market consensus of 49.4.

Earlier on Thursday, the People’s Bank of China announced that they will continue to increase loans to private enterprises as part of their efforts to stimulate the private sector economy. In Japan, Bank of Japan Board member Toyoaki Nakamura stated on Thursday that policymakers need more time to transition to monetary tightening. The data from the Japanese docket showed that Retail Sales rose by 6.8% YoY in July versus 5.6% prior, better than the expectation of 5.4%. While, Industrial Production dropped by 2.0% MoM in July from a rise of 2.4% in the previous month, compared to market consensus of a 1.4% drop.

On the Indian front, India’s annual Gross Domestic Product for the first quarter will be released later on Thursday. The growth number is expected to grow by 7.7% compared to the previous reading of 6.1%.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Asian Stock Market: Trades higher, China equities lead gainsAsian stock market gains momentum on Tuesday as the concern over the economic slowdown in China fades while investors await the economic data from the
منبع: FXStreetNews - 🏆 14. / 72 ادامه مطلب »

Stock market today: Asian shares mostly rise as attention turns to earnings, economiesAsian shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
منبع: AP - 🏆 728. / 51 ادامه مطلب »

Stock market today: Asian shares boosted by Wall Street rise on consumer confidence and jobsAsian shares are trading higher, boosted by a Wall Street rally that came on positive reports on consumer confidence and job openings.
منبع: AP - 🏆 728. / 51 ادامه مطلب »

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Grayscale win jumpstarts crypto market ahead of core PCEBitcoin (BTC) price rallied on August 29, bringing Ethereum (ETH) and Ripple (XRP) price with it as crypto markets celebrated Grayscale asset manager’
منبع: FXStreetNews - 🏆 14. / 72 ادامه مطلب »

Stock market today: Global shares mostly rise as attention turns to earnings, economiesGlobal shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
منبع: ksatnews - 🏆 442. / 53 ادامه مطلب »

Stock market today: Global shares mostly rise as attention turns to earnings, economiesGlobal shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
منبع: wjxt4 - 🏆 246. / 63 ادامه مطلب »