Global shares mixed as U.S. tech stocks gain but inflation lingers

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

Oct 27 - Global shares were mixed and benchmark Treasury yields were steady on Friday as stock indexes rose on data showing U.S. inflation rose largely in line with expectations and a rally in technology shares.

The Dow Jones Industrial Average fell 0.16%, to 32,732, the S&P 500 gained 0.35%, to 4,151 and the Nasdaq Composite added 1.16%, to 12,741. Europe's Stoxx 600 share index was 0.9% lower and MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.1% higher after hitting a fresh 11-month low on Thursday.

Globally,"markets continue to hope for disinflation to continue smoothly, but don't take disinflation for granted," they wrote in a note on Friday. Oil prices rose as investors priced in fears of an escalation of conflict in the Middle East which could disrupt oil supplies.CURRENCY MOVES In currency markets, the euro was steady at 1.059 per dollar, now down almost 14% in the last three months .

 

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

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines