Thursday, February 18, Morning Global Market Roundup: Asia Stocks Rise as Crude Extends Gains, European Stocks Slip After a Two-Week High Earlier On Thursday Trading (Reuters)
Reuters
February 18, 2016
-- European equities slipped after climbing to a two-week high earlier on Thursday, with some disappointing company results and weaker miners putting pressure on the market.
The pan-European FTSEurofirst 300 index was 0.5 percent lower at 1,288.74 points by 0851 GMT after rising to 1,298.16, its highest level since Feb. 5. It had ended 2.7 percent stronger on Wednesday following a rally in oil prices.
-- Japanese stocks rebounded on Thursday after better-than-expected U.S. economic data and rising oil prices helped burnish global investor sentiment for riskier assets.
The Nikkei share average rose 2.3 percent to 16,196.80, its highest close in a week and a half, shrugging off fresh domestic data showing exports declined the most since October 2009, instead taking cues from recovering oil prices and overnight signs of strength in the United States and Europe.
Duty-free store operator Laox Co Ltd soared 15 percent after reporting a 51 percent year-on-year rise in domestic all-store sales on Wednesday. The retailer is popular with foreign tourists and investors look to its performance as an indicator of inbound tourist spending.
The broader Topix index gained 2.3 percent to close at 1,311.20 with all but three of its 33 sub-indexes in positive territory.
The JPX-Nikkei Index 400 climbed 2.3 percent to 11,850.64.
The Nikkei share average rose 2.3 percent to 16,196.80, its highest close in a week and a half, shrugging off fresh domestic data showing exports declined the most since October 2009, instead taking cues from recovering oil prices and overnight signs of strength in the United States and Europe.
Duty-free store operator Laox Co Ltd soared 15 percent after reporting a 51 percent year-on-year rise in domestic all-store sales on Wednesday. The retailer is popular with foreign tourists and investors look to its performance as an indicator of inbound tourist spending.
The broader Topix index gained 2.3 percent to close at 1,311.20 with all but three of its 33 sub-indexes in positive territory.
The JPX-Nikkei Index 400 climbed 2.3 percent to 11,850.64.
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