News Formal

Stock market today: Asian shares trade mixed ahead of a key US jobs report

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

TOKYO (AP) — Asian shares were trading mixed Friday as investors looked toward a U.S. jobs report being released later in the day. Japan's benchmark Nikkei 225 rose 0.3% to finish at 32,710.62. Australia's S&P/ASX 200 slipped 0.4% to 7,278.30. South Korea's Kospi added 0.3% to 2,563.71. The Shanghai Composite added 0.4% to 3,133.25. Trading was halted in Hong Kong because of an approaching typhoon. Schools and businesses were shut as an official warning was issued about Super Typhoon Saola. Late

TOKYO — Asian shares were trading mixed Friday as investors looked toward a U.S. jobs report being released later in the day.

On Wall Street, the S&P 500 gave up an early gain to close 0.2% lower, falling to 4,507.66 Thursday. The benchmark index ended August down 1.8%, though a recent four-day winning streak helped chip away at the severity of the monthly decline. This week, reports on job openings, consumer confidence and inflation stoked hopes on Wall Street that the Fed may hold rates steady at its next policy meeting in September.

The central bank has raised its main interest rate aggressively since 2022 to the highest level since 2001. The goal has been to rein inflation back to the Fed’s target of 2%. PCE measured 3.3% in July, matching economists' expectations. That’s down from 7% a year ago.this week that also support hopes for the Fed to pause interest rate hikes.

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:

 /  🏆 47. in İE
 

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

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Stock futures mixed ahead of key PCE inflation data: Stock market news todayDow futures rose 120 points, buoyed by Salesforce gains, amid muted trading on the other gauges with the Fed's preferred inflation data on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks mixed after PCE data signals cooling inflation: Stock market news todayStocks are eyeing a fifth straight day of gains after the Fed's preferred inflation gauge signaled a softening in pressures.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Set to Follow US Gains on Fed Outlook: Markets Wrap(Bloomberg) -- Shares in Asia are poised to follow Wall Street gains after US economic reports pointed to slowing growth, adding to bets the Federal Reserve is nearing the end of its tightening cycle.Most Read from BloombergUS Health Officials Urge Moving Pot to Lower-Risk CategoryStocks Up Again in ‘Bad News Is Good News’ World: Markets WrapSingapore S$1 Billion Laundering Scandal Embroils Its Banking GiantsFed Ramps Up Demands for Corrective Actions by Regional BanksCitadel Vets 69,000 Intern
Source: YahooFinanceCA - 🏆 47. / 63 Read more »