The European stock markets trading with stability ahead of the release of growth data later today on the background of the US earnings season.
Japanese inflation data released today
The core price index of consumer goods in December decreased by 0.2% compared to the same period in the previous year.
This indicates still on the state of deflation, which Japan finds it difficult to leave in three decades, but in November the index fell by 0.4% and we can see a change of trend in December.
Economists were expecting the index will drop by 0.3%.
The inflation rate in Japan is much farther away from the target of 2% set by the country’s central bank.
Wall Street markets closed with a mixed yesterday.
The Dow Jones rose by 0.2%, reaching a new territory of 20,100 points.
The Nasdaq Composite remained stable and the S&P 500 fell by 0.1%.
The European stock markets trade is conducted with rising prices due to the increase in Asia and the gains on Wall Street last night.
The FTSE rising by 0.2%, the DAX is strengthened by 0.6%, the CAC rising by 0.4%.
The USD traded steadily against the major currencies as the pound strengthened by 0.2% and the Euro traded unchanged at 1.0738 euros to the dollar.
The dollar strengthened against the Japanese yen by 0.5% to -113.78 yen to the dollar.
There is a positive trend this morning (Thursday) in the Asian stock markets
The Chinese markets are closed until next Thursday on the occasion of the Chinese New Year.
The traders sent the Dow Jones to a record high
Price increases were recorded yesterday on Wall Street and for the first time the psychological level of 20,000 points in the Dow Jones was broken.
The future contracts on Wall street are rising ahead of the new trading day in the US.
The European stock markets trading is conducted today (Wednesday) with rising prices, in accordance with the positive trend in the US stock markets yesterday and today’s rises in Asia.
Japan today released the trade balance figures indicate that the exports grew in December 2016 by 5.4%, the first time in 15 months.
The increase in exports is due to higher exports of auto parts and electronics.