Europe is smiling, interest rates are falling and oil is advancing – markets in a minute

Asia in red. Europe is going green

In Asia, Thursday’s trading was negative, as results from Chinese companies weighed on investor sentiment, as well as prospects for economic growth in the world’s largest economy.

In Europe, futures on the Euro Stoxx 50 rose 0.13%, having fallen in value this Tuesday, after the release of inflation data in the United Kingdom, which reached its highest levels in 40 years, and predicting monetary policy that central banks will take. .

The largest real estate developer in China was one of the main market movements, as it lost more than 5%, after it announced that the results of the first half of the year fell by about 70%, at a time when the country is facing a crisis in the sector. Meanwhile, China’s largest technology company Tencent on Wednesday released results showing a decline in revenue for the first time since its Hong Kong listing in 2004.

Also on Wednesday, Goldman Sachs and Nomura cut their economic growth forecasts for China. Minutes after the region’s markets closed, several Chinese media reported that the country’s government should embark on the sale of more than 229 billion euros in bonds, with the aim of financing infrastructure investment and the country’s budget – a natural move by Beijing as the downturn. Economic situation.

Focusing on investor sentiment was also the release of the minutes of the US Federal Reserve’s July meeting, in which the authority revealed that it fears high inflation will take root in the country’s economy if the market begins to consolidate at a slower pace. US interest rate increases.

In Hong Kong, the Hang Seng is down 0.1%. Shanghai fell 0.5%. In Japan, the Nikkei lost 0.9% and the Topix 0.8%. In South Korea, the Kospi was down 0.5%.