Stock market today (May 16, 2024): World shares are mixed after Wall St hits fresh records on hopes for rate cuts

Share opened lower Thursday in Europe after most Asian benchmarks gained, tracking a Wall Street rally driven by hopes that had to pay prices for gasoline, car insurance and everything else in April that were 3.4% higher overall than a year earlier, less than March’s inflation rate of 3.5%.

In Asian trading, Tokyo’s Nikkei 225 index gained 1.4% to 38,920.26, even after the government reported that the Hong Kong’s Hang Seng index rose 1.6% to 19,376.53. The Shanghai Composite index edged 0.1% higher, to 3,122.40.

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