US inflation data showed inflation the largest month-to-month drop for 15 meses
India’s domestic equity market benchmarks are trading in the green on Thursday, a day of the weekly F&O expiry day. BSE Sensex is above 54,600 níveis, while the Nifty 50 index was above 16,300.
Asian markets were mixed on Thursday as investors remain cautious amid weakness in tech stocks. The Japanese Nikkei is trading in green, enquanto Shanghai Composite e Hang Seng are both seeing a volatile session, trading in red.
O Wall Street indices jumped to new highs on Wednesday following upbeat inflação data, Contudo, weakness in tech stocks continued. O Dow Jones Industrial Average rose 0.6 por cento, to hit a new all time high, while the S&P 500 index added 0.2 por cento, while tech-heavy Nasdaq Composite fell 0.16 por cento.
O US Labor Department’s Consumer Price Index data released on Wednesday showed inflation increasing by 0.5 per cent in July after a 0.9 per cent rise in June, the largest month-to-month drop for 15 meses.
London’s FTSE 100 extended gains on Wednesday, reaching the highest levels of 18 months while the domestic index hits record highs again.
The blue-chip ended 59 points or 0.8 per cent higher at 7,220 pontos, its highest level since Feb 2020. Financial stocks and export-oriented sectors such as mining and consumer staples were the biggest boosts.
Enquanto isso, the domestically focused FTSE 250 also surged 0.8 per cent and ended at a record high of 23,757 pontos, with the help of aerospace supplier Meggitt.
The pan-European Stoxx 600 provisionally closed up by 0.4 por cento.