News Formal

Asian stocks follow Wall St higher as U.S. inflation cools

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 99%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Asian stock markets followed Wall Street higher Friday after United States inflation eased in March and China reported unexpectedly strong exports.

Wall Street's benchmark S&P 500 index rose 1.3% on Thursday after U.S. inflation at the wholesale level slowed more than expected.

Government data Thursday showed prices paid to U.S. producers rose 2.7% over a year earlier, the smallest gain in more than two years.Another report Thursday said slightly more American workers applied for unemployment benefits last week than expected, though the job market has remained resilient. Big U.S. companies are starting to tell investors how much they earned during the first three months of the year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks follow Wall St down after U.S. recession warningAsian stock markets declined Thursday after the Federal Reserve said its economists expect a 'mild recession' this year.
Source: CTVNews - 🏆 1. / 99 Read more »