A currency trader gives a thumps up near the screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, May 14, 2024. Asian shares were mixed in muted trading Tuesday, after U.S. stock indexes drifted to a mixed finish. Currency traders work near the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S.
“Today marks a significant day for both Germany and the U.S.A. as they are set to unveil crucial economic data,” said Luca Santos, market analyst at ACY Securities, referring to consumer price data from Germany and producer costs in the U.S. Biopharmaceutical company Incyte jumped 8.6% after saying it would buy back up to $2 billion of its stock. It’s the latest big company to say it’s returning cash to shareholders through such purchases, which boost the amount of earnings that each remaining share is entitled to.its main interest rate later this year. A key test for those hopes will arrive Wednesday, when the U.S. government offers the latest monthly update on inflation that households are feeling across the country.
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Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data.
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