Global stock markets exhibited mixed trends following Wall Street’s post-election rally that has begun to retract. European indices opened lower amid slowing economic growth, while Japan’s market gained on favorable conditions for exporters. Meanwhile, US indices fell, particularly impacting smaller stocks, with ongoing concern over inflation and job market stability reflected in economic reports and commodity prices.
On November 13, 2024, global stock markets displayed mixed performance following a post-election rally on Wall Street that had been sparked by Donald Trump’s election victory. European stocks opened lower, with the FTSE 100 in the UK declining by 0.4% as UK economic growth reported a slowdown to 0.1%, while Germany’s DAX and France’s CAC 40 dropped by 0.6% and 0.8%, respectively. Conversely, Asian markets showed varied results, as Japan’s Nikkei 225 increased by 0.3%, buoyed by a weak yen and strong exporter performance, such as Nissan Motor Co., whose shares rose significantly. Meanwhile, the Hang Seng fell slightly in Hong Kong, and the Shanghai Composite decreased after retail sales figures beat expectations but industrial output showed a slowdown. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all suffered losses on Thursday, though they remained close to their recent all-time highs. A notable decline was observed in smaller stocks, with the Russell 2000 index dropping 1.4%. Economic reports indicated an acceleration in wholesale prices, rising 2.4% year-on-year, and fewer jobless claims pointed to a stable job market. In commodities, crude oil prices fell, while the US dollar experienced a decline against the yen and slight appreciation against the euro.
The article discusses the current state of global stock markets in the aftermath of the recent US presidential election, focusing on how different regions are responding to economic data and market fluctuations. The mixed performance of stocks highlights the impact of economic indicators such as GDP growth rates, retail sales, and inflation on investor sentiment. Additionally, it addresses specific developments in the Asian markets, particularly Japan, which is experiencing a different economic climate relative to Europe and the United States. This context is essential for understanding the broader implications for global investments and economic policy going forward.
In conclusion, stock markets around the world are responding to various economic signals, particularly in the wake of the US elections. While European markets are experiencing declines due to slow growth, some Asian markets like Japan are seeing gains, highlighting the uneven effects of economic conditions globally. Investors remain cautious amidst mixed data, with inflation concerns and the stability of the job market in the US prompting further scrutiny of market movements. Overall, this environment reflects both the opportunities and uncertainties that current economic dynamics present.
Original Source: apnews.com
