Market news
22.07.2016, 05:06

Global Stocks

European stocks edged lower on Thursday, as a drop in the shares of major airlines offset gains in some banks, propped up by signals of support for the sector from the European Central Bank.

The pan-European STOXX 600 index and similar FTSEurofirst 300 both closed 0.1 percent lower.

Airline stocks fell amid fears some consumers may avoid travelling abroad for holidays after last week's attack in Nice, for which militant group Islamic State claimed responsibility, and attempted coup in Turkey.

U.S. stocks closed lower Thursday, ending the Dow industrials' nine-session win streak - its longest since March 2013. The main indexes retreated from record levels set on Wednesday, as investors turned cautious ahead of a number of central bank policy meetings next week. A drop in oil prices CLQ6 also weighed on energy and materials stocks. The Dow Jones Industrial Average DJIA, -0.42% fell 77.80 points, 0.4% to 18,517.23, the S&P 500 index SPX, -0.36% declined 7.86 points, or 0.4% to 2,165.16, while the Nasdaq Composite Index COMP, -0.31% ended the session 16.03 points, or 0.3%, lower at 5,073.90.

Asian stocks dipped on Friday after weak corporate results halted Wall Street's record run overnight, while the yen held to large gains made after the Bank of Japan governor downplayed the need for "helicopter money" stimulus.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.4 percent. It remained close to its nine-month high seen on Thursday, and is headed for a fractional 0.1 percent gain on the week.

China's CSI 300 index .CSI300 and the Shanghai Composite .SSEC both slipped 0.4 percent. The former is poised for a loss of 1 percent for the week, and the latter 0.9 percent.

New Zealand .NZ50 shares continued their record-setting trend, climbing 0.3 percent to hit a fresh all-time high on Thursday. They're headed for a 2.3 percent gain for the week.

Japan's Nikkei .N225 slid 0.9 percent, dragged down by the yen's 1 percent rally on Thursday. The index is still up 1 percent in a week during which it touched an eight-week high thanks to an initially weaker yen and hopes of fiscal and monetary stimulus.

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