News Formal

Stock market today: World shares mixed after US inflation data ease rate hike worries

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Shares have opened mixed in Europe after a day of gains in Asia following a highly anticipated report that showed a modest increase in inflation across the U.S. in August.

Specialist Gregg Maloney is reflected in a video screen on the floor of the New York Stock Exchange, Wednesday, Sept. 13, 2023. Stocks are churning in place on Wall Street after a highly anticipated report showed inflation accelerated across the country last month, but not by much more than expected.

Hong Kong's Hang Seng index rebounded from earlier losses to pick up 0.2%, closing at 18,047.92. However, major Chinese real estate developer Country Garden's Hong Kong-traded shares sank 4.6% ahead of a deadline for a bond repayment. The inflation report said U.S. consumers paid prices last month that were 3.7% higher than a year earlier, up from July’s inflation rate of 3.2% and slightly more than the forecasts for a 3.6% increase.

Even though economists are willing to ignore fuel costs when looking at inflation to find the underlying trends, households and companies don’t get the same luxury.

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:

 /  🏆 442. in CA
 

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

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: World shares slip ahead of update on US consumer inflationShares have declined in Europe and Asia after falling on Wall Street ahead of a highly anticipated report on U.S. inflation due later in the day.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: World shares slip ahead of update on US consumer inflationShares have declined in Europe and Asia after falling on Wall Street ahead of a highly anticipated report on U.S. inflation due later in the day.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares slide after tech, rising oil prices drag Wall St lowerShares have declined in Asia after falling on Wall Street ahead of a highly anticipated report on U.S. inflation due later in the day. Oil prices were little changed.
Source: AP - 🏆 728. / 51 Read more »

Oracle’s stock slumps, Apple shares are flat and other stocks on the moveApple, WestRock and Oracle are the stocks in the spotlight Tuesday.
Source: MarketWatch - 🏆 3. / 97 Read more »