Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China's rating outlook

A cyclist moves past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, April 10, 2024 in Tokyo. A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, April 10, 2024 in Tokyo. A cyclist moves past an electronic stock board showing Japan’s Nikkei 225 index, left, at a securities firm Wednesday, April 10, 2024 in Tokyo.

Later Wednesday the U.S. will release its highly anticipated update on inflation at the consumer level. This week will also bring other reports on inflation, and big U.S. companies will begin reporting how much profit they made during the first three months of the year.Stock market today: Asia stocks rise with market focus on signs of interest rate cutdeliver the cuts to interest rates

U.S. benchmark crude oil gained 21 cents early Wednesday to $85.44 per barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, it fell $1.20 to settle at $85.23, trimming its gain for the year so far to below 20%. Norfolk Southern rose 1.3% even though the railroad reported preliminary earnings results for the first quarter that were shy of analysts’ expectations.in a class-action lawsuit settlement related to a fiery train derailment last year in eastern Ohio. The company said the agreement, if approved by the court, will resolve all class action claims within a 20-mile radius from the derailment and personal injury claims within a 10-mile radius for those choosing to participate.

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