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, Friday, June 28, 2024. – Asian shares gained Friday as traders looked ahead to a key report on inflation that could influence the Federal Reserve's next move on interest rates.
The Nasdaq composite rose 0.3% and remains just below its all-time high. The Dow Jones Industrial Average closed 0.1% higher. Jeans maker Levi Strauss sank 15.4% after its latest quarterly revenue results fell short of analysts' expectations, along with its current earnings forecast for the year. Economists expect the report to show a modest easing of inflation to 2.6% in May, following a 2.7% reading in April. That’s down from the PCE’s peak of 7.1% in the middle of 2022. Other measures of inflation, including the consumer price index, have also eased significantly over the last two years.on when to begin cutting interest rates, which remain at their highest level in more than 20 years and which are having an impact worldwide.
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 are mixed ahead of a Fed decision on interest ratesShares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares are mixed ahead of a Fed decision on interest ratesShares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates. In Japan, higher inflation and falling wages have raised questions about how the central bank can navigate away from near-zero interest rates. The Bank of Japan will issue a policy decision on Friday.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares are mixed ahead of a Fed decision on interest ratesShares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian stocks are mixed ahead of this week's Fed meetingAsian stocks are mixed in a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve. Shares slipped Tuesday in Sydney, Hong Kong and Shanghai, but rose in Tokyo and Seoul. U.S. futures and oil prices fell. The S&P 500 rose 0.3% Monday, topping the record it set last week.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks are mixed ahead of key U.S. jobs dataAsian stocks are mixed after a steady day on Wall Street as markets anticipate key U.S. jobs data to be revealed later in the day. U.S. futures and oil prices rose. Japan’s household spending grew for the first time since February 2023. The S&P 500 ended just barely lower Thursday, a day after setting a record high for the 25th time this year.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares advance after Nvidia's rebound offsets weakness on Wall StAsian shares are mixed after a rebound for Nvidia offset weakness on Wall Street.
Source: wjxt4 - 🏆 246. / 63 Read more »