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Stock market today: World shares slip and the yen weakens against the dollar

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Japanese Yen Nyheter

Shigeru Ishiba,Kazuo Ueda,Fumio Kishida

World shares were mostly lower on Thursday after U.S. stocks stalled as investors awaited developments in the Middle East.

Germany's DAX shed 0.7% to 19,026.36 while the CAC 40 in Paris gave up 0.8% to 7,514.49. In London, the FTSE 100 gained 0.2% to 8,307.45.The U.S. dollar gained against the Japanese yen as officials indicated that conditions were not conducive for an interest rate hike.

The meeting between Ishiba and Ueda had not been expected to bring major news, however, “when Ishiba hinted that growing global risks should keep the BOJ firmly grounded, yen bulls hit the exits faster than you can say ‘sayonara,’” Stephen Innes of SPI Asset Management said in a commentary. Israel is not a major producer of oil, but Iran is, and a worry is that a broadening war could affect neighboring countries that are also integral to the flow of crude.

In the bond market, Treasury yields rose after a report by ADP Research indicated that hiring by U.S. employers outside the government may have been stronger last month than expected. That could auger well for the government's more comprehensive report on the U.S. job market due out Friday.

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