Currency traders work near the screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 16, 2024.
In Asian trading, Tokyo's Nikkei 225 index gained 1.4% to 38,920.26, even after the government reported that theHong Kong's Hang Seng index rose 1.6% to 19,376.53. The Shanghai Composite index edged 0.1% higher, to 3,122.40. Slowing retail sales could be seen as a positive for markets, because it could reduce the upward pressure on inflation. But weaker U.S. consumer spending would erode one of the main pillars keeping the economy out of a recession. Pressure has grownTraders are now forecasting a nearly 95% probability that the Fed cuts its main interest rate at least once this year, according to data from CME Group. That's up from just below 90% a day before.
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:
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 track slump on Wall St triggered by strong US spending dataShares have skidded in Europe and Asia following a slump on Wall Street after a report showed American shoppers spent more at retailers last month than expected. Oil prices and U.S. futures fell. Benchmarks in China slipped even after Beijing reported the Chinese economy grew at a surprisingly fast 5.3% annual pace in the first quarter of the year.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: World shares track slump on Wall St triggered by strong US spending dataShares have skidded in Europe and Asia following a slump on Wall Street after a report showed American shoppers spent more at retailers last month than expected.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: World shares are mixed after a tech-led retreat on Wall StreetWorld shares are mixed after sinking technology stocks sent Wall Street lower again.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: World shares are mixed after a tech-led retreat on Wall StreetWorld shares are mixed after sinking technology stocks sent Wall Street lower again.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: World stocks track Wall Street gains ahead of earnings reportsGlobal markets are mostly higher after U.S. stocks clawed back some of their losses from last week.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: World stocks track Wall Street gains ahead of earnings reportsGlobal markets are mostly higher after U.S. stocks clawed back some of their losses from last week.
Source: wjxt4 - 🏆 246. / 63 Read more »