Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest rates

  • 📰 AP
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Asian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month. Tokyo's benchmark jumped 2.4%. Investors are awaiting a decision by the Federal Reserve Wednesday on interest rates. On Tuesday, the S&P 500 rose 0.6%, though it fell 2.2% in the month of October.

People walk past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, Nov.1, 2023 in Tokyo. Asian shares were mostly higher Wednesday after Wall Street advanced to claim back some of the ground it gave up in another losing month. People walk past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, Nov. 1, 2023 in Tokyo.

The dollar weakened against the Japanese yen, trading at 151.28 yen. It jumped on Tuesday after the Japanese central bank’s decision.Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelinesIn Hong Kong, the Hang Seng edged less than 0.1% higher, to 17,126.70. The Shanghai Composite index gained 0.1% to 3,023.08.that has been wearing on European consumers fell sharply to 2.

More than 80% of the stocks in the S&P 500 strengthened. It closed October with a loss of 2.2% for the month. That’s its third straight monthly drop, the longest losing streak since the COVID-19 pandemic froze the global economy at the start of 2020. Most big U.S. companies have reported stronger profit for the summer than expected, and Caterpillar also joined them. But the heavy machinery maker’s stock sank 6.7% after analysts focused on a slowdown in orders and growing inventories at dealers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in US

United States United States Latest News, United States United States Headlines

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

Stock Market Today: Stocks higher as bond markets lay tame into huge week on Wall StreetA Fed rate decision, a big week of earnings and a new Treasury borrowing statement will keep stock markets busy and test the return of global risk appetite.
Source: startelegram - 🏆 248. / 63 Read more »

Stock market today: Asian shares trade mixed as investors look ahead to economic dataAsian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market. On Tuesday, shares fell in Seoul, Hong Kong and Shanghai, while gaining in Tokyo and Sydney.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares trade mixed as investors look ahead to economic dataAsian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares trade mixed as investors look ahead to economic dataAsian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market.
Source: ksatnews - 🏆 442. / 53 Read more »