News Formal

Stock market today: Asian shares mostly rise as investors look to earnings and inflation signs

  • 📰 AP
  • ⏱ Reading Time:
  • 32 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 65%
  • Publisher: 51%

Inflation News

Financial Markets,Earnings,General News

Asian shares are mostly higher as investors looked ahead to earnings reports from top global companies and a consumer prices report that will be a gauge for U.S. inflation. Benchmarks rose in Monday morning trading in Tokyo, Seoul, Sydney, Hong Kong and Shanghai.

A currency trader passes by the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 8, 2024. A currency trader works near the screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between U.S.

The Dow Jones Industrial Average rose 0.8% and the Nasdaq composite gained 1.2%. Technology companies accounted for a big share of the rally.Another month of robust US job growth points to continued economic strengthadded a surprisingly strong 303,000 workers to their payrolls in March, the government reported Friday. The strong job market has helped fuel consumer spending and earnings growth for businesses, amounting to strong economic growth overall.

Strong employment and consumer spending have raised concerns about getting inflation below 3% and heading toward the Fed’s target rate of 2% won’t be easy.

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:

 /  🏆 728. in BUSİNESS
 

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

Business Business Latest News, Business Business 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 trading mixed after Wall Street’s momentum coolsAsian shares were mixed in muted trading, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225 finished little changed Tuesday. Shares fell in Sydney, but rose in South Korea and China. Wall Street edged back further from its record heights reached last week. The S&P 500 slipped 0.
Source: AP - 🏆 728. / 51 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayStock futures were slightly lower to kick off the last week of March and the first quarter.
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: NBCLA - 🏆 319. / 59 Read more »