Global stock markets were mixed on Wednesday after Wall Street rallied on strong corporate earnings and weaker Japanese exports.
London and Shanghai fell, while Tokyo and Frankfurt advanced. The future of the S&P 500 Wall Street index fell less than 0.1% after five days of gains.
"Market sentiment remains clearly positive," Vinay Talang of https://siteforex.net/timeforforex/ said in a report.
Investors have been following inflation updates from the UK and some other European governments amid fears that central banks may feel pressure to raise interest rates earlier than planned or withdraw stimulus.
London's FTSE 100 lost less than 0.1 per cent to 7210.74 points in early trading. The DAX in Frankfurt rose 0.2 per cent to 15,552.62, while the CAC 40 in Paris fell less than 0.1 per cent to 6,667.52.
On Wall Street, the future of the Dow Jones Industrial Average rose less than 0.1%.
On Tuesday the S&P 500 index rose 0.7% to 0.4% from its all-time high of 2 September. The Dow and Nasdaq composite indices rose less than 0.1%.
The Nikkei 225 in Tokyo rose 0.1% to 29,255.55 after government data showed September exports fell 3.9% from the previous month.
Seoul's Kospi fell 0.5% to 3013.13, while Sydney's S&P-ASX 200 rose 0.5% to 7413.70.
India's Sensex opened up less than 0.4% to 61,469.75. New Zealand and Bangkok rose, while Singapore declined.
Wall Street was boosted on Tuesday by shares in the high-tech and healthcare sectors.
Johnson & Johnson, the largest maker of health care products, rose 2.3% after reporting strong quarterly earnings and raising its profit forecast for the year.
Shares of Apple Inc rose 1.5% and software maker Adobe rose 2.1%.
Investors are concerned that disruptions in the manufacturing supply chain and shipping due to the coronavirus pandemic could reduce companies' profits or cause inflation to rise.
Procter & Gamble shares fell 1.2% after it said it would raise prices amid higher commodity and freight costs.
Overall, analysts polled by FactSet forecast a 30% rise in S&P 500 earnings, up from 23% in June.
Rising energy prices are raising concerns about a supply shortage that could hold back the economic recovery.
Also on Tuesday, the Commerce Department reported that US housing construction fell 1.6% in September. Shares in Beazer Homes fell 2.7% and Hovnanian Enterprises fell 3%.
In energy markets, benchmark US crude lost 80 cents to $81.64 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which is the benchmark for international oil prices, fell 82 cents to $84.26 a barrel in London trading.
The dollar rose to 114.35 yen from 114.31 yen on Tuesday. The euro fell to $1.1628 from $1.1640.
You are the best….much love.
I love an Ism-Free space! Peace and light.
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Toodles!
Too many people out there in the world think they have some sort of right to piss on someone else’s living room floor in full view of the entire assembly. Fuck that noise. Stab ‘em hard, ABL.