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Europe falls with data and balance sheets. Asian stocks close mixed with Chinese PMIs.

Asian stock markets closed  without a single direction this Tuesday (30), while investors digested conflicting Chinese manufacturing figures.

This scenario could influence Ibovespa negotiations  today . The day before, the index closed up 0.65%, at 127,351.79 points.

Today, in mainland China, it was a day of losses: the  Hang Seng index  fell 0.26%, to 3,104.82 points, and the less comprehensive  Shenzhen Constituted index  fell 0.70%, to 1,756.08 points.

Official research showed that the Chinese industrial PMI lost steam when it fell to 50.4 in April, compared to 50.8 in March, still suggesting spread, but approaching the 50 mark that indicates stagnation. On the other hand, a survey by S&P Global/Caixin Media estimated that China’s industrial PMI increased from 51.1 to 51.4 in the same period, reaching the highest level since February 2023. The solemn and S&P Global surveys use samples many different.

Taiex  was  also in the red in Taiwan today, down 0.48%, at 20,396.60 points.

Elsewhere in Asia, markets performed positively, tracking  Wall Street , which yesterday racked up gains for the second session in a row. Returning from a holiday, the  Nikkei  rose 1.24% in Tokyo, to 38,405.66 points, a day after alleged mediation by the Japanese government in favor of the yen in the foreign exchange market, while the South Korean  Kospi  advanced 0.17% in Seoul, at 2,692.05 points, and the  Hang Seng  had a marginal increase of 0.09% in Hong Kong, at 17,763.03 points.

Due to public holidays, Chinese markets will not operate between Wednesday and Friday. Also due to public holidays, the Hong Kong and Taiwan stock exchanges will remain closed tomorrow.

In Oceania, the Australian stock exchange ended today’s business in the black, supported by financial and mining shares. The  S&P/ASX 200  advanced 0.35% in Sydney, to 7,664.10 points.

Europe operates no negative.

European stock markets operated mostly lower this Tuesday morning, after yesterday’s mixed closing, as investors evaluate a series of corporate balance sheets in the region and propagation and inflation data from the euro zone.

Check out the performance of the indexes around 8:45 am:

  • London (FTSE100): +0.48% to 8,186 points
  • Frankfurt (DAX): -0.55% to 18,033 points
  • Paris (CAC 40): -0.16% to 8,052 points
  • Madrid (Ibex 35): -1.59% to 10,924 points
  • Europe (Stoxx 50): -0.46% to 4,959 points

From Europe’s earnings season, the highlights are banking giants Santander and HSBC. The Spanish bank, which has a strong presence in Brazil, increased profits in the first quarter, but fell short of expectations and its shares fell 3% in Madrid, at the above time. The British HSBC, whose operations focus on Asia, made less profit, but exceeded expectations, which made its shares jump more than 3.5% in London.

In the automotive sector, German Volkswagen had a drop in profit after taxes and Stellantis disappointed in revenue. Automakers’ shares registered respective losses of 1.8% and 2.7% in Frankfurt and Milan.

In the macroeconomic context, the euro zone’s annual consumer inflation rate (CPI) was unchanged in April compared to March, at 2.4%, while its core slowed to 2.7% this month, theoretically paving the way for European Middle Bank (ECB) announce its first interest rate blow at the June monetary policy meeting.

The euro zone’s Gross Domestic Result (GDP) grew 0.3% in the first quarter of 2024, more than expected, recovering from the 0.1% contraction in the previous quarter. In Germany, as well as in Italy and Spain, GDP figures came in above projections.

*With information from Dow Jones Newswires and Estadão Teor

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