Summary for the 28th of February 2019


Industrial Production in Japan declined by -3.7% from December to January, the market was expecting a decline of -2.5%. Retail Sales fell by -2.3% from December to January against the market expectations of -0.8%. The production by automakers and auto parts, also the housing starts came in weaker than the market expected. Overall, the released economic indicators from Japan was on the weaker side.

The Manufacturing PMI from China was 49.2 in February from 49.5 in January. The market was expecting a value of 49.5. The export sales fell sharply. Composite purchasing managers’ index fell to its lowest level in two years at 52.4 in February from 53.2 in January.

Indices on the 28th of February: Weak US economic indicators and not well so positive political news have led to a negative close for the US stock markets. Less optimism about the trade talks between the US and China, together with weak economic indicators from China have led to negative close for the stock markets in Asia.

Dow: -0.3% (27th of February )
S&P 500: -0.1% (27th of February)
Nasdaq: +0.1% (27th of February)
Nikkei: -0.8%  (28th of February)
Chinese indices: -0.9% (28th of February)
STOXX Europe 600 Index: +0.06% (28th of February)

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