Gold regains shine after losing streak – Markets in a Minute

Tech rally boosts Asian and European stock markets

As Asian stock markets closed higher on Thursdaywhile Europe is pointing to an opening in the green, at a time when the technology sector is recovering from the most recent “sell-off”.

O MSCI Asia Pacific Indexthe region’s benchmark, posted its biggest rise in nearly a month on Thursday, driven by gains in technology stocks in markets including Japan, South Korea and Taiwan.

For China, the Hang Sengfrom Hong Kong, grew 1.1%, while the Shanghai Composite recorded a much more modest increase of 0.1%. Concerns about the country’s economic vitality continue to focus investors’ attention and prevent further gains for Chinese stock markets.

Already in Japan, the Topix grew 2.6% and the Nikkei rose 3.6%, snapping a streak of seven consecutive sessions in the red. U.S. inflation data boosted the dollar and sent the yen away from nine-month highs, benefiting the country’s technology companies.

Trading futures of the Euro Stoxx 50 up 1.3%on a day marked by great expectation on the continent. The European Central Bank is expected to continue the monetary easing cycle that began in June, with a new 25 basis point cut in interest rates.