Overseas Trading: Global Stocks Mixed as Traders Eye Central Banks

Property developers led China's stock market higher, while weak price gains in the eurozone could force the ECB's hand

Dec 2, 2015 at 8:23 AM

It was a mixed finish for stocks in Asia today. China's Shanghai Composite rallied 2.3% and Hong Kong's Hang Seng advanced 0.4%, with property developers leading the charge on expectations that Beijing will announce stimulus measures aimed at the housing market. Elsewhere, Japan's Nikkei lost its tenuous grip on the 20,000 level, ending down 0.4%, while South Korea's Kospi gave up 0.7% as blue chips backpedaled.

European markets are also on shaky ground, after a tepid reading on eurozone inflation suggested the European Central Bank (ECB) may be compelled to announce new stimulus measures at Thursday's meeting. At midday, London's FTSE 100 is up 0.4%, the French CAC 40 is off 0.3%, and Germany's DAX has dipped 0.4%.

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