The movements of global indices varied in the Asian and European sessions. In Europe, the German DAX index rose 135 points, the British FTSE index did not move significantly, while the pan-European STOXX 600 index moved 1.69 points.
Among the European economic indicators that were issued during the hours of the day by the European statistical center Eurostat, the European unemployment rate, which came similar to expectations at 6.4% for the month of July, and the European consumer price index was issued, so that the result was at 5.3%, which is higher than expectations on an annual basis for the month of August. While the core CPI result was similar to expectations at 5.3%.
In the Asian session, stock indices also varied this morning, as the Australian ASX 200 index advanced by seven points, the Japanese Nikkei index rose by more than 285 points, the Hang Seng index in Hong Kong fell 100 points, and the Kospi index in South Korea also traded lower. By four points, and in China, the Shanghai index fell 17 points.
In Japan, factory activity contracted, as the preliminary reading of the industrial production index declined on a monthly basis for the month of July, and the reading was -2% less than the expected 1.2%, while the retail sales index rose to 6.8% than expectations, which was 5.5%, on an annual basis for the month. July.
In Asia, the Chinese industrial purchasing managers’ index for August rose more than expected, with the result being 49.7, which is higher than the expected 49.1. However, a reading of less than 50 is considered by economists to be a contraction, so this result is not very good. In other sectors, it has contracted. Also, the PMI outside the industrial sector is expected to be 51.
These economic indicators are among the most important reports that express the health of economic activity in countries, and central banks take them into account when assessing the general state of the economy, setting future visions, and setting the interest rate.
In the New York session yesterday evening, the Dow Jones Industrial Average rose by 37 points, while the Nasdaq Technology Index advanced by 75 points, while the Standard & Poor’s 500 Index rose by only 17 points.
