Stock market today: Asian shares are mostly lower ahead of key US inflation report

BANGKOK — Shares fell Thursday in most Asian markets ahead of a key U.S. inflation report due Friday that might point the way ahead for interest rates.

The latest move to revive the property sector was by Beijing, one of China's biggest cities, when China's capital cut minimum down-payment ratios and mortgage interest rates, beginning Thursday. The U.S. dollar was trading at 160.35 yen early Thursday, having punched through the 160 level a day earlier to its lowest level since 1986. Japanese officials have warned they may intervene in the market to counter the trend, which has both positive and negative effects on the economy.Elsewhere in Asia, Australia's S&P/ASX 200 fell 0.3% to 7,759.60. Taiwan's Taiex lost 0.4% and Bangkok's SET sank 0.7%. Shares rose in Mumbai, Jakarta and Singapore.

The Dow Jones Industrial Average finished less than 0.1% higher, at 39,127.80, while the Nasdaq composite rose 0.5% to 17,805.16.FedEx helped offset the losses with a gain of 15.5%. The package carrier reported results for its latest quarter that easily beat forecasts.Apple rose 2% and Microsoft gained 0.3%. Their large values tend to heavily influence the direction of the market.

In other dealings, benchmark U.S. crude oil lost 11 cents to $80.79 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, shed 9 cents to $84.38 per barrel.This dividend stock is sure to benefit from ongoing cuts in the key interest rate and is already seeing some major opportunities ahead. The post 1 Dividend Stock to Buy if the Bank of Canada Keeps Cutting Rates appeared first on The Motley Fool Canada.

The S&P 500 could crater 48% when the stock-market bubble pops and recession finally hits, elite strategist says

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: Asian shares advance after Nvidia's rebound offsets weakness on Wall StBANGKOK (AP) — Asian shares are mixed after a rebound for Nvidia offset weakness on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekHONG KONG (AP) — Asian shares were mostly lower Monday after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia ’s stock...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mostly gain after Wall St rallies to new recordsBANGKOK (AP) — Shares were mostly higher in Asia on Tuesday after U.S. stocks rallied to more records, with gains for technology companies pushing the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mostly lower as China reports factory output slowedBANGKOK (AP) — Shares were mixed in Asia on Monday after China reported its factory output slowed in May, with the property market still deep in the doldrums...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares decline after report shows US manufacturing contracted in MayAsian shares retreated on Tuesday after a report showed that U.S. manufacturing contracted in May, in the latest sign the economy is slowing.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares start June with big gains following Wall St rallyAsian shares began June with big gains on Monday after a report showing that inflation in the U.S. is not worsening drove a rally on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »