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Dow Jones Industrial Average Signals a Rebound; All Eyes on GDP Data

Weekly jobless claims and pending home sales are also due out

by 5/29/2014 8:01:54 AM
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Overseas Trading

Asian indexes finished mostly lower today, taking their cues from Wall Street. Traders were also exercising caution ahead of U.S. GDP data, due out this morning. By the close, South Korea's Kospi gave up 0.2%, Hong Kong's Hang Seng shed 0.3%, and the Shanghai Composite settled 0.5% lower. Japan's Nikkei bucked the trend in spite of weak retail sales and a stronger yen, edging 0.1% higher to extend its winning streak to six.

European benchmarks are mixed at midday, ahead of the aforementioned GDP report and next week's policy decision from the European Central Bank. At last check, Germany's DAX was flirting with a fractional gain, while London's FTSE 100 was 0.4% higher. France's CAC 40, on the other hand, was down 0.1%.

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