Stock market today: Asian shares advance ahead of U.S. inflation report

TOKYO — Asian shares gained Friday as traders looked ahead to a key report on inflation that could influence the Federal Reserve's next move on interest rates.

On Thursday, the S&P 500 eked out a 0.1% gain. The benchmark index has been hovering near the all-time high it set last week.The Nasdaq composite rose 0.3% and remains just below its all-time high. The Dow Jones Industrial Average closed 0.1% higher. Jeans maker Levi Strauss sank 15.4% after its latest quarterly revenue results fell short of analysts' expectations, along with its current earnings forecast for the year.

A slowdown in consumer spending could help further ease inflation, but too much of a slowdown could result in a more painful hit to the economy. The Federal Reserve is trying to time its efforts tame inflation back to its 2% target without slowing the economy so much that it slips into a recession. In currency trading, the U.S. dollar rose to 161.00 Japanese yen from 160.72 yen. The euro cost $1.0693, down from $1.0709.If you're tired of coming across the same dividend stocks over and again, here's one analysts love that provides a high yield and a cheap share price. The post 9.4% Dividend Yield! Why I’m Buying This Stock and Holding it for All Time appeared first on The Motley Fool Canada.

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 shares are mostly lower ahead of key US inflation reportBANGKOK (AP) — 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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks are mixed ahead of key U.S. jobs dataHONG KONG (AP) — Asian stocks were mixed Friday after a steady Thursday on Wall Street as markets anticipated the release of key U.S. jobs data later in the ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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 stocks are mixed after US markets were closed for JuneteenthHONG KONG (AP) — Asian stocks were mixed in thin trading Thursday after U.S. markets were closed in observance of Juneteenth.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »