Asian stock markets closed mixed but European shares were in firmly positive territory on Tuesday morning, with German sentiment delivering a pleasant surprise. Inflation in Britain edged up past expecteations.
Here are five things that matter for markets now:
- The ZEW indicator of German confidence surprised strongly on the upside. The index came in at 11.5 for November compared with expectations of a modest, 0.5 positive reading expected by analysts. Last month the index was in negative territory for the first time in nearly two years.
- Inflation in the UK rose unexpectedly to 1.3% in October, ahead of analyst expectations of 1.2% and just after the Bank of England warned that it could fall below 1% in the months ahead.
- Japanese Prime Minister Shinzo Abe told party colleagues that he was ready to call early elections and scrap an increase in sales tax, a broadcaster in the country said, quoted by Reuters.
- Nokia (NOK) has partnered with Chinese-based Foxconn to launch an Android-based tablet, just months after it sold its handset business to Microsoft (MSFT). Foxconn builds Apple's (AAPL) iPad. Nokia said its N1 tablet will be as good as the iPad mini, but cheaper.
- Foreign direct investment fell in China for the fourth straight cumulative period, data for October show. Foreign direct investment in the first 10 months of the year was $95.9 billion, down 1.2% from a year earlier. However, FDI is a small contributor to capital flows into China compared with exports, which were around $2 trillion last year.