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Japan(NKY:IND) +1.39%.Japan’s first-quarter GDP shrinks more than expected on weak consumer spending
In March 2024, Japan’s industrial production increased by 4.4% from the previous quarter. Preliminary data showed a growth of 3.8%, compared with a decrease of 0.6% in the previous month.
China (Shanghai Composite Index) +0.07%. Traders expect a slew of Chinese economic data to be released on Friday.
Hong Kong (Hang Seng Index) +1.75%.
India (SENSEX) -0.10%.
Australia (AS51) +1.65%. Australia’s unemployment rate rose to 3-month high of 4.1% in April
In the United States, all three major stock indexes hit record highs on Wednesday as slowing inflation fueled speculation of U.S. interest rate cuts this year. The overall and core inflation rates in the United States fell in April, and retail sales unexpectedly stagnated.
U.S. stock futures edged higher on Thursday as the major indexes closed at record highs in the previous session on weak consumer price index (CPI) data: Dow Jones +0.07%; S&P 500 Index +0.13%; Nasdaq +0.15%.
currency: (Japanese yen: U.S. dollar), (RMB: U.S. dollar), (Australian dollar: U.S. dollar), (Indian rupee: U.S. dollar), (Hong Kong dollar: U.S. dollar), (New Zealand dollar: U.S. dollar).
More information about Asia:
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Is a trade war easy to win?Biden to increase tariffs on Chinese electric vehicles, solar energy
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China’s consumer prices rise for third consecutive month; producer prices fall more than expected
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New tariffs expected to be imposed on Chinese electric vehicles and other industries next week, report says
