The US markets closed mixed on Thursday as investors remained optimistic about potential trade deals despite soft inflation data and companies pulling forecasts due to uncertainty. The Dow Jones Industrial Average gained 0.65% to 42,322.75, while the S&P 500 rose 0.41% to 5,916.93.
In economic news, US jobless claims held steady at 229,000 for the week ending May 10. April retail sales rose just 0.1%, down from March’s revised 1.7% gain. Producer prices fell 0.5% in April, missing expectations for a 0.2% rise.
Meanwhile, gold traded lower by 0.41% at $3,212.94, while copper fell 1.49% to $4.6145. The US Dollar Index declined 0.07% to 100.74, USD/JPY was down 0.08% to 145.54, and USD/AUD slid 0.22% to 1.5576.
Asia markets also saw mixed results, with Japan’s Nikkei 225 closing 0.01% higher at 37,757.50, while Australia’s S&P/ASX 200 gained 0.56%. In contrast, India’s Nifty 50 was down 0.16% at 25,023.70.
Global stocks rose, driven by upbeat earnings and a US-China trade truce, with low oil prices and soft US data supporting markets and bonds. The European STOXX 50 index was up 0.61%, while Germany’s DAX index gained 0.80%.
Source: https://www.benzinga.com/markets/forex/25/05/45463888/asia-markets-mixed-europe-advances-dollar-pressured-by-soft-us-inflation-data-global-markets-today-while-us-slept