European Equity Markets
Equities across Europe closed lower on Thursday with the Stoxx 600 lower by 0.84 with the continued scope of trade concerns. Siemens fell 4.69% after reporting that they missed their quarterly revenue. Kaz Minerals dropped 28.3% after it had announced the agreement to buy the Baimskaya copper project in the Chukotka region of Russia for $900 million.
U.S. Equity Markets
S&P 500 and Nasdaq traded higher on Thursday led by Apple shares after it became the first publicly traded U.S. company worth a trillion dollars. Apple Inc traded a further 3.2% on the back of its earnings. The S&P 500 closed higher by 0.46%, to 2,826.25 and the Nasdaq Composite gained 1.14%, to 7,794.93.
Asian Equity Markets
Nikkei 225 closed higher by 0.25% with Suzuki Motor increased by 8.21% after reporting positive earnings.
The pound fell on Thursday despite the Bank of England raising interest rates after Governor Mark Carney voiced his concerns about the risks of a cliff-edge Brexit. The move raising 25 basis points to 0.75 percent was expected.
Traders are still in focus with concerns over continued trade tensions between the United States and China. The EUR/USD traded at $1.1583.
Brent crude futures were lower by 17 cents at $73.28 a barrel. U.S. West Texas Intermediate (WTI) crude declined by 2 cents at $68.94.
U.S. Treasury yields eased on Thursday as traders sought the safety of government debt with trade conflicts between the United States and China. U.S. 10-year yields declined to 2.985%. U.S. 30-year yields traded lower at 3.12%. U.S. 2-year yields dropped to 2.665 percent, from Wednesday’s 2.682%.