FILE - A person walks past at an electronic stock board showing financial indexes including Japan’s Nikkei 225 index, green, at a securities firm in Tokyo, June 27, 2024. Asian shares were mostly lower on Friday, July 5, after solid gains in Europe overnight, while U.S. markets were closed for the July 4th holiday. FILE - A person walks past at an electronic stock board showing Japan’s stock prices at a securities firm in Tokyo, June 27, 2024.
That would raise the likelihood of the Federal Reserve cutting interest rates that it has been keeping at two-decade highs, which would alleviate pressure on the economy by making borrowing less costly. Chinese markets were markedly weaker, with Hong Kong’s Hang Seng down 1.1% at 17,823.67 and the Shanghai Composite index giving up 0.9% to 2,929.98. The Shanghai benchmark has been trading near its lowest levels since February.
With U.S. markets closed on Thursday, attention was focused on Britain, where the future for the FTSE 100 was up 0.2% early Friday as an exit poll and partial returns indicated Britain’s Labour Party was headed for a landslide victory in a
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