PSE Composite in Philippines in new record

PSE Composite in Philippines in new record

Asia-Pacific equities markets were mixed on Thursday. The PSE Composite in the Philippines closed at a record high by gaining 1.9 percent to 3,802.32. In Australia, meanwhile, the Sydney Ordinaries were 0.94 percent higher to 6,392.2, while the S&P/ASX200 added 1 percent to 6.362.3. Hong Kong saw gains as well, adding 0.16 percent to 22,252.99.

In India, however, the Sensex dropped 0.12 percent to 14,861.89, while the Straits Times Index in Singapore was 0.19 percent lower to 3,351.68.

In Tokyo, markets were higher as the Nikkei 225 and the Topix index each added 0.3 percent, to 18,221.48 and 1,788.16 respectively

Equities markets declined in Europe. The FTSE Eurofirst 300 dropped 0.61 percent to 1,610.24. The IBEX was 0.55 percent lower in Madrid to close at 14,907.4, while the Paris CAC-40 fell 0.63 percent to 6,059.53 and the Dax was down 1.09 percent to 7,987.13 in Frankfurt.

In London the FTSE 100 was 0.57 percent lower to 6,635.2, while the FTSE 250 fell 0.27 percent to 11,802.8.

Wall Street was lower at mid-session as the Dow Jones Industrial Average dropped 0.28 percent to 13,539.25. The Nasdaq Composite had fallen 0.04 percent to 2,643.89, while the S&P 500 was 0.21 percent lower to 1,521.64.

Crude oil prices were higher even though inventories figures in the United States showed that crude oil and gasoline stockpiles were higher last week. Prices for both precious and base metals were mixed on the session.

Both the euro and sterling lost value to the US dollar after the European Central Bank held interest rates at 4 percent and the Bank of England raised rates to 5.75 percent. The dollar was also higher in relation to the yen and the Swiss franc.

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