· Asian shares, U.S. futures slip after earnings disappointment
Asian shares and U.S. stock futures slipped on Friday, as Amazon and Apple quarterly earnings bucked a recent strong trend and growth and inflation fears continued to weigh.
Investors, particularly in bond and currency markets, are also worried about varied responses by central banks worldwide to rising inflation.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.3% in early trading and was on track for a weekly loss of 1.3%, snapping three weeks of gains. Japan's Nikkei (.N225) reversed early losses to trade flat.
The Nikkei 225 in Japan recovered from earlier losses to rise 0.25% on the day to 28,892.69 while the Topix index advanced about 0.1% to close at 2,001.18. South Korea’s Kospi slipped 1.29%, finishing its trading day at 2,970.68.
Mainland Chinese stocks closed higher as the Shanghai composite advanced 0.82% to 3,547.34 and the Shenzhen component gained 1.45% to 14,451.38.
Hong Kong’s Hang Seng index shed 0.8%, as of its final hour of trading.
Hong Kong’s Hang Seng index shed 0.8%, as of its final hour of trading.
Australian stocks also fell as the S&P/ASX 200 closed 1.44% lower at 7,323.70. Australia’s retail sales rose 1.3% month-on-month in September on a seasonally adjusted basis, according to data released Friday by the country’s Bureau of Statistics. That was higher than forecasts for a 0.2% gain in retail sales, according to Reuters.
· European stocks lower after Apple, Amazon disappoint; Volvo Cars surges on debut
European stocks were lower Friday morning as traders digested a raft of U.S. and domestic corporate earnings.
The pan-European Stoxx 600 was around 0.6% lower shortly after the opening bell, with all sectors and major bourses in negative territory. Technology stocks led losses, shedding 1.1% on the back of disappointing earnings from tech giants Apple and Amazon.
Reference: CNBC, Reuters
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