Global markets update: US stocks end mixed ahead of jobs data
S&P 500 loses 0.16%, Dow Jones Industrial Average falls 0.48%, Nasdaq Composite adds 0.11%
PremiumUS stocks ended mixed on Thursday after inflation and weekly jobless data. Investors are keenly awaiting employment data due on Friday for clues on the Fed's monetary policy outlook.
The S&P 500 lost 7.21 points, or 0.16%, at 4,507.66. The Dow Jones Industrial Average fell 168.33 points, or 0.48%, at 34,721.91.
The Nasdaq Composite added 15.66 points, or 0.11%, at 14,034.97.
The Personal Consumption Expenditures (PCE) price index, considered the Federal Reserve’s preferred inflation gauge, rose 3.3% in July on an annual basis, a commerce department report showed on Thursday. Excluding volatile food and energy components, the core PCE price index rose 4.2% in July, year-on-year.
A weekly report showed that jobless claims for the week ended August 26 fell at 228,000.
Shares of Salesforce climbed 3% after its upbeat revenue forecasts.
Broadcom rose 3.4% and Intel gained 1.8%.
The yield on the 10-year treasury fell at 4.10% from 4.11% late Wednesday. The yield on the 2-year treasury edged lower to 4.85% from 4.88%.
Currencies
The US dollar fell at 145.45 Japanese yen from 146.20. It fell at $1.0846 to $1.0923 against the euro.
Europe
European shares closed flat on Thursday, with the pan-European STOXX 600 ending 0.2% lower.
Britain’s FTSE 100 fell 0.5% at 7,439.13. Germany’s DAX added 0.4% at 15,947.08. France’s CAC 40 dropped 0.7% at 7,316.70.
Swiss bank UBS Group jumped 6.1% on a sweeping plan to cut over $10 billion in costs.
The financial services index gained 1.5%.
Real estate stocks added 1.6%.
Asia
In Asian stock markets, Hong Kong’s Hang Seng index edged down 0.6% at 18,382.06. China's Shanghai Composite lost 0.6% at 3,119.88. Japan’s Nikkei 225 rose 0.9% at 32,619.34.
China’s factory activity shrank again in August, while its services weakened.
Australia’s S&P/ASX 200 index ended 0.1% higher at 7,305.3. In New Zealand, the benchmark S&P/NZX 50 index rose 0.3% at 11,554.48.
Energy prices
The US crude oil benchmark for October delivery rose $2 at $83.63 a barrel Thursday. Brent crude for October delivery up $1 at $86.86 a barrel.
Natural gas for October delivery lost 3 cents at $2.77 per 1,000 cubic feet.
Bullion
Gold for December delivery fell $7.10 at $1,965.90 an ounce. Silver for December delivery lost 29 cents at $24.81 an ounce.
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