News Formal

Stock market today: Asian shares are mostly higher as China begins major economic meeting

  • 📰 AP
  • ⏱ Reading Time:
  • 45 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 51%

Financial Markets News

China,Amazon.Com,Inc.

Shares are mostly higher in Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy. Oil prices gained more than $1 a barrel after the OPEC+ oil producing nations said they would extend production cuts until the end of the year. On Friday, the S&P 500 rose 0.

A currency trader walks by the screen 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, Friday, Nov. 1, 2024. Currency traders talk near the screen showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, Nov. 1, 2024. A food vendor’s cart is parked across from the New York Stock Exchange on Wednesday, Oct. 30, 2024.

Hong Kong’s Hang Seng gained 0.1% to 20,540.44, while the Shanghai Composite index was up 0.3% at 3,281,76.Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lowerThe S&P 500 rose 0.4% to 5,728.80, recovering some of its loss from the day before, its worst in eight weeks. The Dow Jones Industrial Average added 0.7% to 42,052.19, while the Nasdaq composite gained 0.8% to 18,239.92.

Treasury yields pushed higher after a highly anticipated report said U.S. employers added only 12,000 workers to their payrolls last month, far short of the 115,000 in hiring that economists were expecting or the 223,00 jobs that employers created in September. The two-year Treasury yield, which closely tracks expectations for the Fed’s actions, initially fell following the jobs report but then climbed to 4.20% from 4.18% late Thursday.

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
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street. Benchmarks rose in Tokyo, Sydney, Seoul, Hong Kong and Shanghai in early Thursday trading. On Wall Street, the S&P 500 climbed 0.7% Wednesday to top the all-time high it set last week.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares gain as China releases plan for market supportAsian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares gain as China releases plan for market supportAsian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares climb after blockbuster US jobs reportAsian shares have advanced after a surprisingly strong U.S. jobs report raised optimism about the economy, sparking a rally on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »