The Asian stock markets trading is conducted today with rising prices, after yesterday there was no trading on Wall Street due to the “Presidents Day”.
The European indexes yesterday closed unchanged, except for the German DAX index which rose by 0.6%.
Good economic news from French, as when the local economy grows fastest since 2011 as services strengthen.
A composite purchasing managers’ Index climbed to 56.2 from 54.1 in January.
In the UK, HSBC shares slide after 62% profit fall.
HSBC attributed the fall to a string of one-off charges, including the sale of its operations in Brazil.
HSBC said its performance had been “broadly satisfactory” given “volatile financial conditions” but warned a rise in global protectionism was a concern.
The bank also announced a smaller-than-expected share buyback.
That also helped undermine shares, which were down by 5% in London.
Among global investors there are feared that the statistical office of President Donald Trump economic data going to be modified.
Trump has not appointed yet anyone from the Council of Economic Advisers in the White House.
The fears of manipulation of the data also arise from the unusual approach of Trump administration’s interpretation of economic data.
The president himself is talking about “real” unemployment much higher than the official, and uses data which cover all citizens of working age who are not employed.