Stock market today: World shares slip ahead of update on US consumer inflation

An employee of a bank walks by the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, Sept. 13, 2023. Stocks fell Wednesday in Asia after a slide for technology stocks dragged Wall Street lower ahead of a key report on U.S. inflation.

The futures for the S&P 500 and Dow industrials were virtually unchanged as investors awaited the latest monthly update on prices that U.S. consumers are paying across the country. Economists expect it to show that prices were broadly 3.6% higher last month than a year earlier. High interest rates work to undercut inflation by slowing an entire economy and knocking down prices for stocks and other investments.undermined that process

In Asian trading, Hong Kong’s Hang Seng lost 0.1% to 18,009.22 and the Shanghai Composite index sank 0.5% to 3,123.07.

Singapore Singapore Latest News, Singapore Singapore 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 trade mixed after Big Tech rally on Wall StreetAsian shares are trading mixed following a Big Tech rally on Wall Street, as investors watch for an update on U.S. consumer prices set for later in the week.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares trade mixed after Big Tech rally on Wall StreetAsian shares are trading mixed following a Big Tech rally on Wall Street, as investors watch for an update on U.S. consumer prices set for later in the week.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares trade mixed after Big Tech rally on Wall StreetAsian shares are trading mixed following a Big Tech rally on Wall Street, as investors watch for an update on U.S. consumer prices set for later in the week.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares slide after tech, rising oil prices drag Wall St lowerShares have declined in Asia after falling on Wall Street ahead of a highly anticipated report on U.S. inflation due later in the day. Oil prices were little changed.
Source: AP - 🏆 728. / 51 Read more »

Oracle stock slumps, Apple shares steady and other stocks on the moveApple, WestRock and Oracle are the stocks in the spotlight.
Source: MarketWatch - 🏆 3. / 97 Read more »

Oracle’s stock slumps, Apple shares are flat and other stocks on the moveApple, WestRock and Oracle are the stocks in the spotlight Tuesday.
Source: MarketWatch - 🏆 3. / 97 Read more »