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Stock market today: Global shares trade higher ahead of US updates on inflation and hiring

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BEIJING (AP) — Global stock markets were mostly higher Thursday ahead of updates on United States inflation and hiring that traders hope will persuade the Federal Reserve no more interest rate hikes are needed. London, Tokyo and Paris advanced. Shanghai declined. Oil prices rose. Wall Street futures were higher after the U.S. government cut its estimate of economic growth for the second quarter to a still-robust level. The U.S. government was due to issue an inflation update Thursday in a report

BEIJING — Global stock markets were mostly higher Thursday ahead of updates on United States inflation and hiring that traders hope will persuade the Federal Reserve no more interest rate hikes are needed.Wall Street futures were higher after the U.S. governmentThe U.S. government was due to issue an inflation update Thursday in a report on personal consumption and expenditures — the measure of prices most closely watched by the Fed. It eased to 3% in July from last year’s peak of 7%.

In early trading, the FTSE 100 in London gained less than 0.1% to 7,475.07. The CAC 40 in Paris rose 0.2% to 7,378.61 and the DAX in Frankfurt advanced 0.6% to 15,984.44. The Dow Jones Industrial Average added 0.1%. The Nasdaq gained 0.5% to 14,019.31. It’s up nearly 34% for the year. The latest figures suggest Asia’s biggest economy is not “definitively growing,” said Stephen Innes of SPI Asset Management in a report. “These figures might not sufficiently reassure the markets.”

 

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Stock futures steady with consumer confidence data on deck: Stock market news todayStock futures were little changed on Tuesday as investors prepared for a stream of economic data.
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