Stock market today: World stocks mostly lower after hot US inflation data foils rate cut hopes

A photographer takes photos of an electronic board showing Japan's yen and U.S. dollar exchange rate at a securities firm Thursday, April 11, 2024, in Tokyo. – Shares in Europe and Asia were mostly lower on Thursday after U.S. stocks fell following another release of hotter than expected

China reported its consumer inflation edged 0.1% higher in March, while prices paid by manufacturers, the producer price index, fell 2.8% from a year earlier. The data suggest persisting deflationary pressures due to slack demand as property developers, banks and local governments struggle with high debt levels.

On Wednesday, the S&P 500 dropped 0.9%. The Dow Jones Industrial Average dropped 1.1% and the Nasdaq composite fell 0.8%.For shoppers, that’s painful because of the potential for even higher prices at the store. For Wall Street, it raises fears that the Federal Reserve will hold back onThe Fed has been waiting for more evidence to show inflation is heading sustainably down toward its goal of 2%.

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Stock market today: World shares are mostly higher ahead of a US report on inflationShares are mostly higher in Europe and Asia ahead of a report on inflation in the U.S. that could sway the Federal Reserve's timing on cutting interest rates.
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Stock market today: World shares are mixed as markets await a rate decision by the FedAsian shares have closed mostly higher while European markets opened lower as investors awaited the latest signals from the Federal Reserve on the timing of cuts to interest rates.
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Stock market today: World shares are mixed as markets await a rate decision by the FedAsian shares have closed mostly higher while European markets opened lower as investors awaited the latest signals from the Federal Reserve on the timing of cuts to interest rates.
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Stock market today: World shares are mostly higher after S&P 500 sets another recordEuropean shares have opened higher after a mixed trading session in Asia.
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Stock market today: World shares are mostly higher after S&P 500 sets another recordEuropean shares have opened higher after a mixed trading session in Asia.
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