Markets in Europe and Asia are mixed, as Japan's benchmark rebounds from Monday's big tumble
World shares are mixed, with Japan's Nikkei 225 index regaining some of its sharp losses from a day earlier
HONG KONG — World shares were mixed on Tuesday, with Japan’s Nikkei 225 index regaining some of its sharp losses from a day earlier.
In early European trading, France’s CAC 40 slipped 0.3% to 7,614.13, and Germany’s DAX added 0.4% to 19,395.93. In London, the FTSE 100 gained 0.3% to 8,261.83. Investors were awaiting key inflation data for Europe due out later Tuesday.
The future contract for the S&P 500 was little changed and that for the Dow Jones Industrial Average edged 0.1% lower.
A quarterly “tankan” survey by the Bank of Japan showed business confidence among large manufacturers remained steady at 13, indicating an improved outlook for business conditions. A positive number indicates that more companies maintain an optimistic outlook on business conditions than those who feel pessimistic.
The survey is closely monitored for clues about the impact of the Bank of Japan’s interest rate decisions, especially after the central bank ended negative rates in March and raised its short-term rate to 0.25% in July.
Japan also reported that its unemployment rate for August fell to 2.5% from 2.7% in July, in line with market expectations.
Japan’s benchmark Nikkei 225 rallied 1.9% to close at 38,651.97 as the yen weakened. The dollar was trading at 143.80 yen, up from 143.62 yen.
On Monday, the Nikkei tumbled nearly 5% as markets reacted to the selection of Shigeru Ishiba to be Japan's next prime minister. Ishiba took office Tuesday following the resignation of Prime Minister Fumio Kishida.
Ishiba, an expert on defense and on domestic economic issues, was seen by investors as a less favorable choice than some of his
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