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

  • 📰 AP
  • ⏱ Reading Time:
  • 56 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 78%
  • Publisher: 51%

Financial Markets News

Inflation,Shanghai,General News

Shares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports. Hong Kong gained nearly 2% while Shanghai fell after Fitch Ratings lowered its outlook for China's public finances. On Tuesday, the S&P 500 edged up 0.1% after barely budging the day before.

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.

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:

 /  🏆 728. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria 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 markets are mixed, Shanghai falls as Fitch lowers China's rating outlookShares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares are mixed and Shanghai gains on strong China factory dataAsian shares are mixed, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares are mixed and Shanghai gains on strong China factory dataAsian shares are mixed, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China. Sydney and Hong Kong were closed for the Easter Monday holiday.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares are mixed and Shanghai gains on strong China factory dataAsian shares are mixed, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China.
Source: ksatnews - 🏆 442. / 53 Read more »