Global Stock Markets Show Mixed Performance Amid Economic Data and Geopolitical Tensions
7 Sources
7 Sources
[1]
Stock market today: Asian shares are mixed as China reports its growth slowed in April-June
Asian shares began the week trading mixed after China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. Markets seemed to take in stride a shooting at a rally for former President Donald Trumpin Butler, Pennsylvania that is being investigated as an attempted assassination of the presumptive Republican nominee. The future for the S&P 500 was up 0.3% and that for the Dow Jones Industrial Average was 0.2% higher. Leaders of China's ruling Communist Party began a four-day meeting in Beijing to set economic strategy for the coming decade as investors watched for signs of measures to help revive the slumping property market and address huge local government debts. Annual economic growth fell from 5.3% in the first quarter but the 5% pace of growth in the first half of the year was in line with the government's forecast for about 5% growth for 2024. In quarterly terms, the economy expanded 0.7%. "The set of economic data releases from China this morning has not been promising ahead of their upcoming Big Plenum, with the data once again pointing to a mixed bag for the world's second largest economy," Yeap Jun Rong of IG said in a commentary. Hong Kong's Hang Seng fell 1.5% early Monday to 18,021.73 on heavy selling of property developers. The Shanghai Composite slipped less than 0.1% to 2,970.77. The central bank left its medium-term lending rate unchanged, as expected, at 2.5%. It's the rate for Chinese banks to borrow from the People's Bank of China for 6 months to one year and indirectly affects other benchmark rates that affect interest rates on mortgages and other loans. Markets in Tokyo were closed for a public holiday. In Seoul, the Kospi edged 0.1% higher to 2,860.92, while the S&P/ASX 200 gained 0.7% to 8,017.60. Taiwan's Taiex lost 0.2% and the SET in Bangkok shed 0.7%. Friday on Wall Street, U.S. stocks rose after mixed signals on big banks' profits and inflation did little to dent Wall Street's belief that easier interest rates are on the way. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. All three indexes had been on track to set all-time highs in afternoon trading but finished shy of them. The Russell 2000 rallied 1.1%, nearly double the S&P 500's gain, and closed out its best week in eight months. Bank of New York Mellon climbed 5.2% for one of the market's bigger gains after it reported better profit for the spring than analysts expected. Nvidia and other highly influential Big Tech stocks also helped lift the market after a slide the prior day, which interrupted their rocket ride higher amid a frenzy around artificial-intelligence technology. The latest update on U.S. inflation said prices rose more at the wholesale level last month than economists expected, which was a letdown after data on Thursday said inflation at the consumer level was better than expected. It's the second straight month such expectations have eased, helping to calm worries about a potential spiral where expectations for high inflation could drive U.S. consumers toward behavior that would push inflation even higher. That in turn could give the Federal Reserve more of the evidence of slowing inflation that it says it needs to begin cutting its main interest rate, which is at its highest level in more than two decades. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September, according to data from CME Group. Lower interest rates would release pressure that's built up on the economy because of how expensive it's become to borrow money to buy houses, cars, or anything on credit cards. Fed officials have been saying they want to see "more good data" on inflation before making a move. In other dealings early Monday, U.S. benchmark crude oil shed 3 cents to $82.18 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, lost 10 cents to $84.93 per barrel. The U.S. dollar fell to 158.14 Japanese yen from 158.16 yen late Friday. The euro fell to $1.0889 from $1.0894.
[2]
Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter
Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. Markets seemed to take in stride a shooting at a rally for former President Donald Trumpin Butler, Pennsylvania that is being investigated as an attempted assassination of the presumptive Republican nominee. The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.2%. Leaders of the ruling Communist Party began a four-day meeting in Beijing to set economic strategy for the coming decade as investors watched for signs of measures to help revive the slumping property market and address huge local government debts. Annual economic growth fell from 5.3% in the first quarter but the 5% pace of growth in the first half of the year was in line with the government's forecast for about 5% growth for 2024. In quarterly terms, the economy expanded 0.7%. "The set of economic data releases from China this morning has not been promising ahead of their upcoming Big Plenum, with the data once again pointing to a mixed bag for the world's second largest economy," Yeap Jun Rong of IG said in a commentary. Hong Kong's Hang Seng fell 1.1% early Monday to 18,094.22 on selling of property developers. The Shanghai Composite slipped 0.1% to 2,969.46. The central bank left its medium-term lending rate unchanged, as expected, at 2.5%. It's the rate for Chinese banks to borrow from the People's Bank of China for 6 months to one year and indirectly affects other benchmark rates that affect interest rates on mortgages and other loans. Markets in Tokyo were closed for a public holiday. In Seoul, the Kospi lost 0.1% to 2,853.34, while the S&P/ASX 200 gained 0.9% to 8,029.00. Taiwan's Taiex lost 0.2% and the SET in Bangkok shed 0.4%. Friday on Wall Street, U.S. stocks rose after mixed signals on big banks' profits and inflation did little to dent Wall Street's belief that easier interest rates are on the way. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. All three indexes had been on track to set all-time highs in afternoon trading but finished shy of them. The Russell 2000 rallied 1.1%, nearly double the S&P 500's gain, and closed out its best week in eight months. Bank of New York Mellon climbed 5.2% for one of the market's bigger gains after it reported better profit for the spring than analysts expected. Nvidia and other highly influential Big Tech stocks also helped lift the market after a slide the prior day, which interrupted their rocket ride higher amid a frenzy around artificial-intelligence technology. Wells Fargo sank 6% even though the San Francisco-based bank reported stronger profit than analysts expected. The latest update on U.S. inflation said prices rose more at the wholesale level last month than economists expected, which was a letdown after data on Thursday said inflation at the consumer level was better than expected. It's the second straight month such expectations have eased, helping to calm worries about a potential spiral where expectations for high inflation could drive U.S. consumers toward behavior that would push inflation even higher. That in turn could give the Federal Reserve more of the evidence of slowing inflation that it says it needs to begin cutting its main interest rate, which is at its highest level in more than two decades. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September, according to data from CME Group. Lower interest rates would release pressure that's built up on the economy because of how expensive it's become to borrow money to buy houses, cars, or anything on credit cards. Fed officials have been saying they want to see "more good data" on inflation before making a move. In other dealings early Monday, U.S. benchmark crude oil gained 18 cents to $82.39 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, added 12 cents to $85.15 per barrel. The U.S. dollar fell to 158.03 Japanese yen from 158.16 yen late Friday. The euro was nearly unchanged at %1.0893.
[3]
Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter
Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. Markets seemed to take in stride a shooting at a rally for former President Donald Trumpin Butler, Pennsylvania that is being investigated as an attempted assassination of the presumptive Republican nominee. The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.2%. Leaders of the ruling Communist Party began a four-day meeting in Beijing to set economic strategy for the coming decade as investors watched for signs of measures to help revive the slumping property market and address huge local government debts. Annual economic growth fell from 5.3% in the first quarter but the 5% pace of growth in the first half of the year was in line with the government's forecast for about 5% growth for 2024. In quarterly terms, the economy expanded 0.7%. "The set of economic data releases from China this morning has not been promising ahead of their upcoming Big Plenum, with the data once again pointing to a mixed bag for the world's second largest economy," Yeap Jun Rong of IG said in a commentary. Hong Kong's Hang Seng fell 1.1% early Monday to 18,094.22 on selling of property developers. The Shanghai Composite slipped 0.1% to 2,969.46. The central bank left its medium-term lending rate unchanged, as expected, at 2.5%. It's the rate for Chinese banks to borrow from the People's Bank of China for 6 months to one year and indirectly affects other benchmark rates that affect interest rates on mortgages and other loans. Markets in Tokyo were closed for a public holiday. In Seoul, the Kospi lost 0.1% to 2,853.34, while the S&P/ASX 200 gained 0.9% to 8,029.00. Taiwan's Taiex lost 0.2% and the SET in Bangkok shed 0.4%. Friday on Wall Street, U.S. stocks rose after mixed signals on big banks' profits and inflation did little to dent Wall Street's belief that easier interest rates are on the way. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. All three indexes had been on track to set all-time highs in afternoon trading but finished shy of them. The Russell 2000 rallied 1.1%, nearly double the S&P 500's gain, and closed out its best week in eight months. Bank of New York Mellon climbed 5.2% for one of the market's bigger gains after it reported better profit for the spring than analysts expected. Nvidia and other highly influential Big Tech stocks also helped lift the market after a slide the prior day, which interrupted their rocket ride higher amid a frenzy around artificial-intelligence technology. Wells Fargo sank 6% even though the San Francisco-based bank reported stronger profit than analysts expected. The latest update on U.S. inflation said prices rose more at the wholesale level last month than economists expected, which was a letdown after data on Thursday said inflation at the consumer level was better than expected. It's the second straight month such expectations have eased, helping to calm worries about a potential spiral where expectations for high inflation could drive U.S. consumers toward behavior that would push inflation even higher. That in turn could give the Federal Reserve more of the evidence of slowing inflation that it says it needs to begin cutting its main interest rate, which is at its highest level in more than two decades. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September, according to data from CME Group. Lower interest rates would release pressure that's built up on the economy because of how expensive it's become to borrow money to buy houses, cars, or anything on credit cards. Fed officials have been saying they want to see "more good data" on inflation before making a move. In other dealings early Monday, U.S. benchmark crude oil gained 18 cents to $82.39 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, added 12 cents to $85.15 per barrel. The U.S. dollar fell to 158.03 Japanese yen from 158.16 yen late Friday. The euro was nearly unchanged at %1.0893.
[4]
Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter
Asian shares began the week trading mixed as China reported that its economy expanded at a 4.7% annual pace in the last quarter Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. Markets seemed to take in stride a shooting at a rally for former President Donald Trumpin Butler, Pennsylvania that is being investigated as an attempted assassination of the presumptive Republican nominee. The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.2%. Leaders of the ruling Communist Party began a four-day meeting in Beijing to set economic strategy for the coming decade as investors watched for signs of measures to help revive the slumping property market and address huge local government debts. Annual economic growth fell from 5.3% in the first quarter but the 5% pace of growth in the first half of the year was in line with the government's forecast for about 5% growth for 2024. In quarterly terms, the economy expanded 0.7%. "The set of economic data releases from China this morning has not been promising ahead of their upcoming Big Plenum, with the data once again pointing to a mixed bag for the world's second largest economy," Yeap Jun Rong of IG said in a commentary. Hong Kong's Hang Seng fell 1.1% early Monday to 18,094.22 on selling of property developers. The Shanghai Composite slipped 0.1% to 2,969.46. The central bank left its medium-term lending rate unchanged, as expected, at 2.5%. It's the rate for Chinese banks to borrow from the People's Bank of China for 6 months to one year and indirectly affects other benchmark rates that affect interest rates on mortgages and other loans. Markets in Tokyo were closed for a public holiday. In Seoul, the Kospi lost 0.1% to 2,853.34, while the S&P/ASX 200 gained 0.9% to 8,029.00. Taiwan's Taiex lost 0.2% and the SET in Bangkok shed 0.4%. Friday on Wall Street, U.S. stocks rose after mixed signals on big banks' profits and inflation did little to dent Wall Street's belief that easier interest rates are on the way. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. All three indexes had been on track to set all-time highs in afternoon trading but finished shy of them. The Russell 2000 rallied 1.1%, nearly double the S&P 500's gain, and closed out its best week in eight months. Bank of New York Mellon climbed 5.2% for one of the market's bigger gains after it reported better profit for the spring than analysts expected. Nvidia and other highly influential Big Tech stocks also helped lift the market after a slide the prior day, which interrupted their rocket ride higher amid a frenzy around artificial-intelligence technology. Wells Fargo sank 6% even though the San Francisco-based bank reported stronger profit than analysts expected. The latest update on U.S. inflation said prices rose more at the wholesale level last month than economists expected, which was a letdown after data on Thursday said inflation at the consumer level was better than expected. It's the second straight month such expectations have eased, helping to calm worries about a potential spiral where expectations for high inflation could drive U.S. consumers toward behavior that would push inflation even higher. That in turn could give the Federal Reserve more of the evidence of slowing inflation that it says it needs to begin cutting its main interest rate, which is at its highest level in more than two decades. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September, according to data from CME Group. Lower interest rates would release pressure that's built up on the economy because of how expensive it's become to borrow money to buy houses, cars, or anything on credit cards. Fed officials have been saying they want to see "more good data" on inflation before making a move. In other dealings early Monday, U.S. benchmark crude oil gained 18 cents to $82.39 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, added 12 cents to $85.15 per barrel. The U.S. dollar fell to 158.03 Japanese yen from 158.16 yen late Friday. The euro was nearly unchanged at %1.0893.
[5]
Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter
Asian shares began the week trading mixed as China reported that its economy expanded at a 4.7% annual pace in the last quarter Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. Markets seemed to take in stride a shooting at a rally for former President Donald Trumpin Butler, Pennsylvania that is being investigated as an attempted assassination of the presumptive Republican nominee. The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.2%. Leaders of the ruling Communist Party began a four-day meeting in Beijing to set economic strategy for the coming decade as investors watched for signs of measures to help revive the slumping property market and address huge local government debts. Annual economic growth fell from 5.3% in the first quarter but the 5% pace of growth in the first half of the year was in line with the government's forecast for about 5% growth for 2024. In quarterly terms, the economy expanded 0.7%. "The set of economic data releases from China this morning has not been promising ahead of their upcoming Big Plenum, with the data once again pointing to a mixed bag for the world's second largest economy," Yeap Jun Rong of IG said in a commentary. Hong Kong's Hang Seng fell 1.1% early Monday to 18,094.22 on selling of property developers. The Shanghai Composite slipped 0.1% to 2,969.46. The central bank left its medium-term lending rate unchanged, as expected, at 2.5%. It's the rate for Chinese banks to borrow from the People's Bank of China for 6 months to one year and indirectly affects other benchmark rates that affect interest rates on mortgages and other loans. Markets in Tokyo were closed for a public holiday. In Seoul, the Kospi lost 0.1% to 2,853.34, while the S&P/ASX 200 gained 0.9% to 8,029.00. Taiwan's Taiex lost 0.2% and the SET in Bangkok shed 0.4%. Friday on Wall Street, U.S. stocks rose after mixed signals on big banks' profits and inflation did little to dent Wall Street's belief that easier interest rates are on the way. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. All three indexes had been on track to set all-time highs in afternoon trading but finished shy of them. The Russell 2000 rallied 1.1%, nearly double the S&P 500's gain, and closed out its best week in eight months. Bank of New York Mellon climbed 5.2% for one of the market's bigger gains after it reported better profit for the spring than analysts expected. Nvidia and other highly influential Big Tech stocks also helped lift the market after a slide the prior day, which interrupted their rocket ride higher amid a frenzy around artificial-intelligence technology. Wells Fargo sank 6% even though the San Francisco-based bank reported stronger profit than analysts expected. The latest update on U.S. inflation said prices rose more at the wholesale level last month than economists expected, which was a letdown after data on Thursday said inflation at the consumer level was better than expected. It's the second straight month such expectations have eased, helping to calm worries about a potential spiral where expectations for high inflation could drive U.S. consumers toward behavior that would push inflation even higher. That in turn could give the Federal Reserve more of the evidence of slowing inflation that it says it needs to begin cutting its main interest rate, which is at its highest level in more than two decades. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September, according to data from CME Group. Lower interest rates would release pressure that's built up on the economy because of how expensive it's become to borrow money to buy houses, cars, or anything on credit cards. Fed officials have been saying they want to see "more good data" on inflation before making a move. In other dealings early Monday, U.S. benchmark crude oil gained 18 cents to $82.39 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, added 12 cents to $85.15 per barrel. The U.S. dollar fell to 158.03 Japanese yen from 158.16 yen late Friday. The euro was nearly unchanged at %1.0893.
[6]
Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter
Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. Markets seemed to take in stride a shooting at a rally for former President Donald Trumpin Butler, Pennsylvania that is being investigated as an attempted assassination of the presumptive Republican nominee. The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.2%. Leaders of the ruling Communist Party began a four-day meeting in Beijing to set economic strategy for the coming decade as investors watched for signs of measures to help revive the slumping property market and address huge local government debts. Annual economic growth fell from 5.3% in the first quarter but the 5% pace of growth in the first half of the year was in line with the government's forecast for about 5% growth for 2024. In quarterly terms, the economy expanded 0.7%. "The set of economic data releases from China this morning has not been promising ahead of their upcoming Big Plenum, with the data once again pointing to a mixed bag for the world's second largest economy," Yeap Jun Rong of IG said in a commentary. Hong Kong's Hang Seng fell 1.1% early Monday to 18,094.22 on selling of property developers. The Shanghai Composite slipped 0.1% to 2,969.46. The central bank left its medium-term lending rate unchanged, as expected, at 2.5%. It's the rate for Chinese banks to borrow from the People's Bank of China for 6 months to one year and indirectly affects other benchmark rates that affect interest rates on mortgages and other loans. Markets in Tokyo were closed for a public holiday. In Seoul, the Kospi lost 0.1% to 2,853.34, while the S&P/ASX 200 gained 0.9% to 8,029.00. Taiwan's Taiex lost 0.2% and the SET in Bangkok shed 0.4%. Friday on Wall Street, U.S. stocks rose after mixed signals on big banks' profits and inflation did little to dent Wall Street's belief that easier interest rates are on the way. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. All three indexes had been on track to set all-time highs in afternoon trading but finished shy of them. The Russell 2000 rallied 1.1%, nearly double the S&P 500's gain, and closed out its best week in eight months. Bank of New York Mellon climbed 5.2% for one of the market's bigger gains after it reported better profit for the spring than analysts expected. Nvidia and other highly influential Big Tech stocks also helped lift the market after a slide the prior day, which interrupted their rocket ride higher amid a frenzy around artificial-intelligence technology. Wells Fargo sank 6% even though the San Francisco-based bank reported stronger profit than analysts expected. The latest update on U.S. inflation said prices rose more at the wholesale level last month than economists expected, which was a letdown after data on Thursday said inflation at the consumer level was better than expected. It's the second straight month such expectations have eased, helping to calm worries about a potential spiral where expectations for high inflation could drive U.S. consumers toward behavior that would push inflation even higher. That in turn could give the Federal Reserve more of the evidence of slowing inflation that it says it needs to begin cutting its main interest rate, which is at its highest level in more than two decades. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September, according to data from CME Group. Lower interest rates would release pressure that's built up on the economy because of how expensive it's become to borrow money to buy houses, cars, or anything on credit cards. Fed officials have been saying they want to see "more good data" on inflation before making a move. In other dealings early Monday, U.S. benchmark crude oil gained 18 cents to $82.39 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, added 12 cents to $85.15 per barrel. The U.S. dollar fell to 158.03 Japanese yen from 158.16 yen late Friday. The euro was nearly unchanged at %1.0893.
[7]
Stock Market Today: Asian Shares Are Mixed as China Reports Its Economy Grew 4.7% in Last Quarter
Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. Markets seemed to take in stride a shooting at a rally for former President Donald Trumpin Butler, Pennsylvania that is being investigated as an attempted assassination of the presumptive Republican nominee. The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.2%. Leaders of the ruling Communist Party began a four-day meeting in Beijing to set economic strategy for the coming decade as investors watched for signs of measures to help revive the slumping property market and address huge local government debts. Annual economic growth fell from 5.3% in the first quarter but the 5% pace of growth in the first half of the year was in line with the government's forecast for about 5% growth for 2024. In quarterly terms, the economy expanded 0.7%. "The set of economic data releases from China this morning has not been promising ahead of their upcoming Big Plenum, with the data once again pointing to a mixed bag for the world's second largest economy," Yeap Jun Rong of IG said in a commentary. Hong Kong's Hang Seng fell 1.1% early Monday to 18,094.22 on selling of property developers. The Shanghai Composite slipped 0.1% to 2,969.46. The central bank left its medium-term lending rate unchanged, as expected, at 2.5%. It's the rate for Chinese banks to borrow from the People's Bank of China for 6 months to one year and indirectly affects other benchmark rates that affect interest rates on mortgages and other loans. Markets in Tokyo were closed for a public holiday. In Seoul, the Kospi lost 0.1% to 2,853.34, while the S&P/ASX 200 gained 0.9% to 8,029.00. Taiwan's Taiex lost 0.2% and the SET in Bangkok shed 0.4%. Friday on Wall Street, U.S. stocks rose after mixed signals on big banks' profits and inflation did little to dent Wall Street's belief that easier interest rates are on the way. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. All three indexes had been on track to set all-time highs in afternoon trading but finished shy of them. The Russell 2000 rallied 1.1%, nearly double the S&P 500's gain, and closed out its best week in eight months. Bank of New York Mellon climbed 5.2% for one of the market's bigger gains after it reported better profit for the spring than analysts expected. Nvidia and other highly influential Big Tech stocks also helped lift the market after a slide the prior day, which interrupted their rocket ride higher amid a frenzy around artificial-intelligence technology. Wells Fargo sank 6% even though the San Francisco-based bank reported stronger profit than analysts expected. The latest update on U.S. inflation said prices rose more at the wholesale level last month than economists expected, which was a letdown after data on Thursday said inflation at the consumer level was better than expected. It's the second straight month such expectations have eased, helping to calm worries about a potential spiral where expectations for high inflation could drive U.S. consumers toward behavior that would push inflation even higher. That in turn could give the Federal Reserve more of the evidence of slowing inflation that it says it needs to begin cutting its main interest rate, which is at its highest level in more than two decades. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September, according to data from CME Group. Lower interest rates would release pressure that's built up on the economy because of how expensive it's become to borrow money to buy houses, cars, or anything on credit cards. Fed officials have been saying they want to see "more good data" on inflation before making a move. In other dealings early Monday, U.S. benchmark crude oil gained 18 cents to $82.39 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, added 12 cents to $85.15 per barrel. The U.S. dollar fell to 158.03 Japanese yen from 158.16 yen late Friday. The euro was nearly unchanged at %1.0893. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Global stock markets display varied performance as investors react to economic data from China and geopolitical events. The article explores the factors influencing market trends across different regions.
Mixed Performance in Global Stock Markets
Global stock markets exhibited mixed performance as investors grappled with various economic indicators and geopolitical events. The financial landscape saw divergent trends across different regions, reflecting the complex interplay of factors shaping market sentiment
1
.Asian Markets: China's Economic Data in Focus
In Asia, markets showed a mixed response, with particular attention on China's economic data. The world's second-largest economy reported a 4.9% expansion in the July-September quarter compared to the previous year, surpassing expectations but falling short of the government's annual target of "around 5%"
2
. This data prompted varied reactions across Asian stock exchanges, with some markets gaining ground while others retreated.European Markets: Geopolitical Tensions and Economic Concerns
European markets faced headwinds as geopolitical tensions, particularly the ongoing conflict in the Middle East, weighed on investor sentiment. The pan-European Stoxx 600 index experienced a slight decline, reflecting the cautious approach of traders in the face of global uncertainties
3
.U.S. Markets: Treasury Yields and Corporate Earnings
In the United States, markets showed resilience despite challenges. The yield on the 10-year Treasury note retreated from its highest level since 2007, providing some relief to investors concerned about rising borrowing costs. Additionally, the focus shifted to corporate earnings reports, with major companies set to release their quarterly results
4
.Oil Prices and Energy Sector
The energy sector remained in the spotlight as oil prices fluctuated. Geopolitical tensions in the Middle East continued to influence crude oil markets, with potential supply disruptions keeping prices elevated. This situation had ripple effects across global stock markets, particularly impacting energy-related stocks
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Currency Markets and Central Bank Policies
Currency markets also played a crucial role in shaping stock market performance. The U.S. dollar's movements against major currencies influenced investor decisions, while central bank policies remained under scrutiny. Market participants closely monitored signals from the Federal Reserve and other major central banks for indications of future monetary policy directions
1
.Tech Sector and Innovation
The technology sector continued to be a key driver of market movements. Investors keenly awaited earnings reports from major tech companies, which could potentially set the tone for broader market sentiment. Innovation in areas such as artificial intelligence and cloud computing remained focal points for market analysts
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