{"id":361721,"date":"2025-08-21T09:29:11","date_gmt":"2025-08-21T09:29:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/361721\/"},"modified":"2025-08-21T09:29:11","modified_gmt":"2025-08-21T09:29:11","slug":"stocks-lack-direction-as-uk-borrowing-comes-in-lower-than-expected-in-july","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/361721\/","title":{"rendered":"Stocks lack direction as UK borrowing comes in lower than expected in July"},"content":{"rendered":"\n<p class=\"yf-1090901\">Stocks in Asia were mixed overnight, with the Nikkei (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EN225?p=%5EN225\" data-ylk=\"slk:^N225;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^N225<\/a>) down 0.7% on the day in Japan, while the Hang Seng (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EHSI?p=%5EHSI\" data-ylk=\"slk:^HSI;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^HSI<\/a>) fell 0.4% in Hong Kong.<\/p>\n<p class=\"yf-1090901\">It came after a survey showed Japan\u2019s factory activity remained in contraction for the second month in August. The S&amp;P Global flash Japan Manufacturing Purchasing Managers\u2019 Index (PMI) increased to 49.9 in August from 48.9 in July, just below the 50 level that indicates growth.<\/p>\n<p class=\"yf-1090901\">Regional manufacturers have been feeling pressure from Trump\u2019s higher tariffs on exports to the United States.<\/p>\n<p class=\"yf-1090901\">Elsewhere, the Shanghai Composite (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/000001.SS?p=000001.SS\" data-ylk=\"slk:000001.SS;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">000001.SS<\/a>) eked out a 0.1% gain by the end of the session and in South Korea, the Kospi (<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EKS11\" data-ylk=\"slk:^KS11;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^KS11<\/a>) added 0.4% on the day.<\/p>\n<p class=\"yf-1090901\">Across the pond on Wall Street, declines at the end of the day were not nearly as stark as during early trading. The S&amp;P 500 (<a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EGSPC\/\" data-ylk=\"slk:^GSPC;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^GSPC<\/a>) closed 0.2% lower at 6,395.78, and the tech-heavy Nasdaq (<a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EIXIC?p=%5EIXIC&amp;.tsrc=fin-srch\" data-ylk=\"slk:^IXIC;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^IXIC<\/a>) fell by 0.67% to 21,172.19. The Dow Jones (<a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EDJI?p=%5EDJI&amp;.tsrc=fin-srch\" data-ylk=\"slk:^DJI;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^DJI<\/a>) ended flat on the day.<\/p>\n<p class=\"yf-1090901\">Today traders will start looking for clues on the outlook for US monetary policy from a meeting of central bankers that begins later today in Jackson Hole, Wyoming. Federal Reserve chair Jerome Powell is due to speak to the conference on Friday.<\/p>\n<p> SNP &#8211; Delayed Quote \u2022 USD      <\/p>\n<p> At close: 20 August at 16:49:07 GMT-4    <\/p>\n","protected":false},"excerpt":{"rendered":"Stocks in Asia were mixed overnight, with the Nikkei (^N225) down 0.7% on the day in Japan, while&hellip;\n","protected":false},"author":2,"featured_media":361722,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[748,393,1880,56610,4884,127018,1144,15165,619,712,127017,16,15,1764],"class_list":{"0":"post-361721","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-britain","10":"tag-england","11":"tag-ftse-100","12":"tag-government-borrowing","13":"tag-great-britain","14":"tag-income-tax-receipts","15":"tag-northern-ireland","16":"tag-office-for-national-statistics","17":"tag-rachel-reeves","18":"tag-scotland","19":"tag-tax-receipts","20":"tag-uk","21":"tag-united-kingdom","22":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115066055198197183","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/361721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=361721"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/361721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/361722"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=361721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=361721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=361721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}