Most global stock markets advanced on Friday while Japan edged down following Wall Street’s rally after a turbulent week. The low trading volumes during the end of the year are the main factor for the strong volatility of the markets, which suffer strong ups and downs.
Asian markets recap
While the other major Asian exchanges ended the Friday’s trading session on a green, the shares of the Tokyo Stock Exchange ended the year with declines for the first time since 2011.
Japanese blue-chip index Nikkei 225 declined by 62.85 points, or 0.31%, to 20,014.77 points. The downward trend comes amid the two consecutive sessions in which the indicator reported increases. The Nikkei decline marks the first annual loss since 2011, as the Japanese markets will not work on December 31 (Monday) and today’s session was the last for this year.
Declines in Japan were mainly impacted by the published summary of Japan’s central bank meeting in December, which noted the risks to economic activity.
On the Chinese markets, the index Shanghai Composite rose by 0.44% to 2,493.90 points, while Hong Kong’s index Hang Seng rose by 25.32 points to 25,504.20 points.
On Thursday, Huawei, a Chinese technology company, said it expects a 21% increase in revenue for the current year. In the words of the rotating CEO, Guo Ping, the company has secured 26 contracts for 5G and expects the smartphone industry to pass the threshold of 200 million units in 2018.
The Chinese technology giant is the world’s largest maker of network equipment and the second-largest smartphone manufacturer. The company, however, has been subject to international pressure this year after the US and its allies Australia and New Zealand began to restrict the purchases of its equipment because of concerns about national security.
The South Korean index Kospi added 12.60 points to its value, ending the day at 2,041.04 points.
In Australia, S&P ASX 200 rose by 1.02% to 5,654.30 points. The shares of Australia and New Zealand Banking Group and Commonwealth Bank of Australia appreciated by 2.70% and 2.25% respectively, while Westpac and National Australia Bank rose by 2.96% and 2.66%.
European markets mid-session recap
European stocks are moving with strong increases at mid-session on Friday. The indexes are bouncing back strongly after benchmark DAX plunged to a fresh 52-week low in the previous session following a sell-off due to rising concerns about the global economy and the early setback on Wall Street
German stocks are up sharply on Friday. The index DAX 30 is up by 1.62% to 10,549.78 points at 10:00 GMT. Technology, bank, resources, automobile, industrial, food, construction and software shares are among the prominent gainers. Wirecard, the top gainer in the DAX 30, is up more than 4%. Infineon and Covestro are rising more than 3%. Deutsche Bank, Thyssenkrupp, Bayer, Linde and Fresenius are gaining 2 to 2.5%. Adidas, Daimer, Siemens, Heidelberg Cement, Volkswagen, SAP, RWE, Deutsche Telekom, Continental AG, Henkel, BMW and Merck are moving up by 1 to 2%.
French stocks are also on green during the last trading session of the week. the index CAC 40 rose by 1.56%, or 71.60 points, to 4,670.21 points at mid-session.
British index FTSE 100 is also up, rising by 1.71% to 6,697.28 at 10:00 GMT. The Cboe UK 100 was up 1.3% at 11,314.91, while the Cboe UK 250 was 0.8% higher at 15,377.48 but the Cboe UK Small Companies was flat at 10,718.72. In early company news, CRH made a progress on its 1 billion EUR share buyback programme and Royal Dutch Shell completed the sale of its upstream gas assets in New Zealand. Shell A and B class shares were both 1.3% higher as the oil company completed the sale of New Zealand assets to oil & gas firm OMV for 578 million USD as part of plans to simplify its upstream portfolio.
Wall Street pre-session recap
Wall Street futures pointed to a cautious open for Wall Street’s three major indexes on Friday, but all are expected to rise after the bell. The futures of Dow Jones Industrial Average are up by 75.00 points at 5:00 AM ET, indicating a positive start for the index of over 115 points. The S^&P 500 and Nasdaq Composite and also on green, with expected opening up by 15 points and 38 points, respectively.
The stocks are still, however, on track for their worst December performance since 1931. The S&P 500 is still down 9.8% so far this month, while the Dow has lost 9.4% during the period.