Japanese and Australian shares trade mixed

The Japanese and Australian markets were traded on Thursday after a loaded Wall Street trade overnight, as data showing shrinking in the US economy in the first quarter intensified investors’ fears of an oncoming recession.

Several Asia-Pacific markets were closed to Labor Day.

Japanese Nikkay 225 It increased by 0.58% in early trade, while the wider Topix index increased by 0.1%.

The Central Bank in the country is expected to suppress on the interest rates of 0.5% in its two-day monetary policy meeting, which ends later in the day.

In Australia, S&P/ASX 200 Benchmark fell by 0.13%.

USA The futures jumped After two of the so-called “magnificent seven” stocks- Meta platforms and Microsoft – They published their three -month results.

In prolonged trading, Meta shares advanced over 4% over stronger than expectations Revenue in the first quarter. Meanwhile Microsoft’s shares jumped 8%after delivering better than expected results On the upper and bottom lines through the fiscal third quarter, as well as the strong results of your cloud business and instructions.

OvernightThehe S&P 500 and the 30 stocks Dow Jones Industrial Average The seventh consecutive day to win, despite instability.

The widely -based market index progresses by 0.15%to close at 5.569.06, while the Dow Jones index added 141.74 points, or 0.35%, settling at 40 669.36.

In the meantime Nasdaq Composite Finished the day apartment at 17 446,34.

– Brian Evans Sean Colon and Pia Singh have contributed to this report.