Stock Groups

UK inflation, currencies and oil prices


Workers wearing masks are seen working in the trading area at Daiwa Securities Group Inc.’s Tokyo headquarters on Thursday, October 14, 2021.

Toru Hanai via Bloomberg via Getty Images| Bloomberg via Getty Images

SINGAPORE — Asia-Pacific shares traded mixed on Thursday, following overnight losses on Wall Street.

Japan’s Nikkei 225 extended losses from the previous session — the benchmark index was down 0.43% while the Topix fell 0.28%.

The Australian government has a number of laws that protect the environment. ASX 200Trades rose 0.2% after retracing early losses. The overnight drop in crude oil futures prices put pressure on the energy sector. Oil plays like Santos, Oil Search Woodside PetroleumThe range was 0.88% to 1.433%.

A mix of shares of the so-called Big Four Banks traded, decreasing some of their previous losses. ANZThey were down by 0.07% Commonwealth BankThe increase was 0.13% WestpacThe loss was 0.27% National Australia BankIt was almost flat.

Analysts at ANZ Research stated in a morning note that equity markets were weak overnight because of inflation worries. The UK’s inflation was higher than anticipated and the supply constraint weighed down on US housing starts.

The U.K.’s Consumer Price Index rose by 4.2% in the 12 months to OctoberThis is an increase of 3.1% from September, beating the expectations of economists who expected 3.9%.

The Bank of England is likely to increase pressure to raise interest rates during its December meeting due to Wednesday’s data. Investors expected that the central bank would raise rates after the coronavirus pandemic, but it held them steady in November.

Crude prices down

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