Share markets were in a muted mood on Thursday
Share markets were in a muted mood on Thursday as fears the U.S. trade tussle with Mexico would further depress global growth warred with wagers central banks would have to respond with fresh stimulus.
- MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.2% in very thin trade.
- Japan’s Nikkei ended all but flat and Shanghai blue chips eased 0.6%.
- E-Mini futures for the S&P 500 dipped 0.1%, while FTSE futures added 0.03%.
- The Dow ended Wednesday up 0.82%, while the S&P 500 gained 0.82% and the Nasdaq 0.64%.
- The safe-haven yen was again in demand and nudged the dollar down 0.3% to 108.14.
- The dollar fared better against a basket of currencies to trade at 97.244, having bounced from a seven-week low overnight.
- The euro eased back to $1.1228 after briefly stretching as high as $1.1306 on Wednesday.
- In commodity markets, all the chatter of rate cuts helped lift gold to 15-week highs and the precious metal was last trading at $1,332.71 per ounce.
- Oil prices flatlined after diving overnight when the Energy Information Administration (EIA) reported the largest build in crude oil and oil product inventories since 1990.
- U.S. crude was last up 2 cents at $51.70 a barrel having hit its lowest since January, while Brent crude futures inched up 3 cents to $60.66.