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 at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 29, 2024. – Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.
The recent string of strong earnings have boosted market sentiments, but what could be a risk factor is the declining Japanese yen, he added. In currency trading Monday, the U.S. dollar edged up to 159.17 Japanese yen from 158.30 yen. The euro cost $1.0716, up from $1.0699. On Wall Street, shares closed out a relatively solid week on Friday, with the S&P 500 rallying 1% to finish its first winning week in the last four.Recent data on U.S. inflation have analysts expecting the Federal Reserve to keep rates on hold. Its main interest rate has been sitting at the highest level since 2001.
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:
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 rise, cheered by last week's tech rally on Wall StreetAsian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares rise, cheered by last week's tech rally on Wall StreetAsian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week. Benchmarks rose in early Monday trading in Sydney, Seoul, Hong Kong and Shanghai. Trading was closed in Tokyo for a Japanese national holiday, Showa Day.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares gain despite Wall Street’s tech-led retreatAsian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of
Source: Mynorthwest - 🏆 438. / 53 Read more »
Stock market today: Asian shares gain despite Wall Street's tech-led retreatAsian shares have advanced even after sinking technology stocks sent Wall Street lower again. U.S. futures were lower, while oil prices gained. On Wednesday, the S&P 500 index dipped 0.6% for its longest losing streak since early January. The Dow Jones Industrial Average edged 0.1% lower, and the Nasdaq composite fell 1.1%.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateAsia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets. U.S. futures rose and oil prices fell. The retreat in Asia on Monday following a mixed start to earnings reporting season that took the S&P 500 down 1.5% on Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateAsia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets.
Source: ksatnews - 🏆 442. / 53 Read more »