Stock Market Update
10-Sep-26 09:01 ET
Global markets mostly lower
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -46.00. Nasdaq futures vs fair value: -423.00.
The S&P 500 futures currently trade 46 points below fair value.
Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note. Bank of Japan policymaker Masu said that the central bank needs to pull real rates out of negative territory, adding that accelerating inflation could force additional rate hikes. China's National Development and Reform Commission discussed its five-year plan with representatives from Amazon, NVIDIA, Dell, and many other U.S. companies. Australia relaxed its gas reserve rules for exporters of LNG.
- In economic data:
- Australia's September MI Inflation Expectations held at 4.9%.
---Equity Markets---
- Japan's Nikkei: +0.2%
- Hong Kong's Hang Seng: -1.3%
- China's Shanghai Composite: -0.4%
- India's Sensex: +0.2%
- South Korea's Kospi: -0.3%
- Australia's ASX All Ordinaries: -1.0%
Major European indices trade with modest gains while the U.K.'s FTSE (-0.3%) underperforms, falling to its lowest level since late July. Associated British Foods has been decimated due to weak performance in its Primark unit. The European Central Bank is widely expected to announce a rate hike at 8:15 ET and the market will also be curious to see the central bank's latest projections. British Prime Minister Burnham opened the door for another Scottish independence referendum.
- In economic data:
- Germany's final August CPI increased 0.2% month-over-month, as expected, following a 0.8% increase in July. CPI was up 2.9% year-over-year, as expected and unchanged from July.
- Italy's July industrial production increased 0.7% month-over-month, above the expected 0.3% increase, following a 1.1% decline in June. Production was unchanged year-over-year versus an expected 0.6% decline and a prior 0.6% decline.
- Spain's July industrial production increased 2.3% year-over-year following a 1.1% increase in June.
---Equity Markets---
- STOXX Europe 600: -0.1%
- Germany's DAX: -0.6%
- U.K.'s FTSE 100: -0.4%
- France's CAC 40: -0.3%
- Italy's FTSE MIB: -0.1%
- Spain's IBEX 35: -0.1%
