Markets Mixed on US Jobless Claims, Earnings Reports, and China’s Warnings

Markets Mixed on US Jobless Claims, Earnings Reports, and China’s Warnings

Investor judgments of Fed’s policy tightening weighed on US stocks which fell for the first time in three trading sessions from previous record highs.

NYSE stock indicator falters as S&P 500 sets succession of records.

The fall in US equities reflected anticipations of Fed stimulus tightening, with the jobless claims falling by 12,000 to advance the policy focus.

Investors also weighed on sentiments by Kansas City Fed President Esther George who called for a reduction of monetary stimulus, with the dollar rising against its global peers.

Mixed earnings reports also impacted stocks across the globe, with the MSCI World Index down 0.2%.

Elsewhere, Beijing calls for further scrutiny of insurance technology platforms led most Asian markets to trade lower on Thursday.

Copper prices surged on Thursday following a strike in China that threatened global supplies, as the mining shares on Euro Stoxx 600 gained 0.1%. 

US Treasuries lost some gains following the fall in unemployment claims.

DJI is down -0.29%, Euro Stoxx 600 is up +0.086%, CSI 300 is down -0.84%, Nikkei 225 is down -0.20%, DXY is up +0.10%.

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