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

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500 clinches fresh record amid GDP data, chip stock gainsA double dose of optimism for the AI trade and for China's stimulus push is buoying the market ahead of Jerome Powell's comments.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stock futures tread water in wait for Fed's rate callInvestors are bracing for a crucial week dominated by the Fed's first interest-rate cut in four years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »