Updated from 4:19 a.m. EST

NEW YORK (

TheStreet

) -- Stocks in Asia ended down Thursday, while European shares were trading lower.

Global stocks took their cues from mixed reports from the U.S. on Wednesday. The Institute of Supply Management's December services index came in at 50.1, not far off economists' expectations for a reading of 50.5 and up from November's level of 48.7. But nonfarm private employment decreased 84,000 from November to December, according to ADP.

Stocks in Japan dipped 0.5% Thursday to 10,681.66, Hong Kong closed lower by 0.7% to 22.269.35, and stocks in Shanghai fell 1.9% to 3192.78 after reports said the government might set lower lending targets that could mean less money flowing through the economy and supporting growth and asset prices, the

Associated Press

reports.

Stocks in London at 6 a.m. were down 0.4%, Frankfurt declined 0.9%, and Paris fell 0.6%.