FILE - A person looks at an electronic stock board showing Japan’s stock princes at a securities firm Tuesday, April 2, 2024, in Tokyo. Asian shares mostly declined Friday, April 5, after a U.S. Federal Reserve official said the central bank might not deliver any of the interest rate cuts that Wall Street has been banking on this year, citing concerns about inflation. TOKYO — Asian shares mostly declined Friday after a U.S.
“Already there are distinct signs of cooling in economic activity and conditions for sustained wage pressures,” said Tan Jing Yi at Mizuho Bank in Singapore. Financial markets were already on edge as traders made their final moves ahead of a U.S. jobs report on Friday that could also shake the market.Stock market today: Asian shares mostly rise cheered by Wall Street finishA late-day spurt for oil prices amid continued tensions in the Middle East unsettled things, threatening to add more pressure on inflation following oil’s strong gains so far this year.
But several recent updates on the economy have come in hotter than expected, beyond some disappointingly high inflation reports at the start of the year that could be seen as temporary blips. A report earlier this week showing a surprise return to growth for U.S. manufacturing raised concerns in particular.
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Fonte: AP - 🏆 728. / 51 Consulte Mais informação »
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