Shares were higher in Europe on Thursday after a mixed trading day in Asia, where most major benchmarks fell.
The German DAX gained 0.6% to 15,713.53, while the CAC 40 in Paris rose 0.8% to 6,633.67. In London, the FTSE 100 rose 0.5% to 7,048.93.
US futures were little changed, while the 10-year Treasury yield was stable at 1.31%.
Hong Kong and Shanghai fell amid disappointing economic data for August.
China said on Wednesday evening that its retail sales rose 2.5% in August, from 8.5% in July, while factory output slowed to 5.3% from 6.4% the previous month. .
This is the weakest production growth since May 2020.
“Yesterday’s Chinese data was a real shock,” RaboResearch Global Economics & Markets said in a report. “This is not what we call a robust recovery in consumption,” he said.
Adding to investor unease, reports have indicated that struggling real estate giant Evergrande will not pay interest due next week. Rating agencies have warned that the cash-strapped company could default on its debt.
Its Hong Kong-traded shares fell 6.4% on Thursday. They lost more than half of their value last month.
The Hang Seng Index in Hong Kong fell 1.5% to 24,667.85, while the Shanghai Composite Index fell 1.3% to 3,607.09.
Tokyo’s Nikkei 225 index fell 0.6% to 30,323.34 after Japan reported that its exports rose 26.2% in August from a year earlier. This was well below expectations of an increase of more than 30%, said Marcel Thieliant of Capital Economics in a comment.
Preliminary customs data showed vehicle exports, a mainstay of the economy, fell 1.1% while auto exports fell 1.5%.
Shortages of semiconductors and other components that have prompted some automakers to cut production, and demand has been hit by recent new waves of coronavirus outbreaks.
In Seoul, the Kospi lost 0.7% to 3,130.09.
The Australian S & P / ASX 200 gained 0.6% to 7,460.20. Shares fell in Taiwan but rose in Singapore and India.
Energy and tech companies helped push stocks on Wall Street higher on Wednesday, reversing the market’s decline from the previous day.
The S&P 500 rose 0.8% to 4,480.70 after another choppy trading day. This was the benchmark’s biggest daily gain since late August and allowed the S&P 500 to end the week higher.
The Dow Jones Industrial Average gained 0.7% to 34,814.39. The Nasdaq composite added 0.8% to 15,161.53. Smaller company stocks did even better, with the Russell 2000 Index gaining 1.1% to 2,234.45.
Wall Street will get more information on jobs and consumer spending on Thursday when the Labor Department releases its weekly unemployment benefits report and the Commerce Department releases retail sales data for August.
In other trades, benchmark US crude oil fell an additional 8 cents to $ 72.53 per barrel. Brent crude, the standard for international prices, gained 1 cent to $ 75.47 a barrel.
In currency trading, the dollar was stable at 109.38 Japanese yen. The euro fell to $ 1.1776 from $ 1.1817.
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