Stock market today: Asian shares echo Wall Street rally as investors gauge inflation data

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 10, 2024. Currency traders work near a screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept.

The United States Federal Reserve has been using high interest rates to pump the brakes on the economy in order to stifle inflation. It’s expected to start lowering rates later in September, which would ease the pressure on the economy, as it turns its focus toward protecting the job market and avoiding a recession.drop from Friday

Boeing climbed 3.4% after reaching a tentative deal with its largest union on a new contract that, if ratified, will avoid a strike that threatened to shut down aircraft production by the end of the week. Boeing said 33,000 workers represented by the International Association of Machinists and Aerospace Workers would get pay raises of 25% over the four-year contract.also returned to their long-held position of leading the market, at least briefly. Nvidia climbed 3.

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.

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: ksatnews - 🏆 442. / 53 Read more »

Asian stocks are mixed after Wall Street's best week of the yearAsian stocks are mixed as investors ponder the upcoming meeting of the Federal Reserve, while Wall Street coasted to the close of its best week since November with a slight uptick in U.S. stocks Friday.
Source: ksatnews - 🏆 442. / 53 Read more »