Volatility returns as Asian data disappoints

Volatility returns as Asian data disappoints

Volatility returns as Asian data disappoints World markets are lower so far Thursday as data from China and Japan reveal continued weakness in Asia’s major economies. In Japan is was machinery orders that disappointed, missing the 3.7 per cent expected; in China consumer prices grew 2 per cent, better than expected, but the producer price index was down 5.9 per cent, greater than forecast. Both markets will be looking for signs of increased stimulus. Reuters says that central banks are on alert, particularly those in the region, as concern grows about the effect of China’s weakness.

European markets are also lower so far due to the weak Asian situation although North American indexes are forecast to open higher after closing down in the previous session.
 
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North America (previous session)
US Dow Jones 16,253.57 (-1.45 per cent) -7.73 per cent -4.78 per cent
TSX Composite 13,531.85 (-0.72 per cent) -6.46 per cent -12.54 per cent
 
Europe (at 5.30am ET)
UK FTSE 6,181.20 (-0.77 per cent) -8.24 per cent -9.50 per cent
German DAX 10,259.41 (-0.42 per cent) -11.59 per cent +5.77 per cent
 
Asia (at close)
China CSI 300 3,357.56 (-1.23 per cent) -17.79 per cent +38.03 per cent
Japan Nikkei 18,299.62 (-2.51 per cent) -12.06 per cent +15.90 per cent
 
Other Data (at 5.30am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
47.99
(+0.86 per cent)
44.79
(+1.45 per cent)
1106.60
(+0.42 per cent)
U$0.7569
 
Aus. Dollar
U$0.7073