Global equities mixed after modest gains on Wall Street | Associated press
BANGKOK (AP) – European stocks are down after a mixed session in Asia, with benchmarks falling in Paris, London and Hong Kong while Tokyo and Seoul advanced.
In a calm news week, investors await a report from the US Department of Labor on Friday that said economists predict employers created more than 650,000 jobs last month. It is expected to give new clues to the Federal Reserve’s next interest rate action later this month, when the central bank holds its next policymakers’ meeting.
Expectations of a surge in hiring fueled concerns about inflation and how global central banks might respond to it. The concern is that the global recovery could be hampered if governments and central banks were to withdraw stimulus measures to combat rising prices.
“The stock markets recently showed inflation to be on the rise, and we believe they will continue to do so for a while,” said Oliver Jones of Capital Economics in a comment.
Rapid price increases are overtaking the recovery in demand, in part due to supply bottlenecks, and are expected to ease over time, he said.
The UK FTSE 100 fell 0.7% to 7,060.01 while the CAC 40 in Paris slipped 0.1% to 6,517.74. The German DAX also fell 0.1% to 15,591.02. Futures contracts for the S&P 500 and the Dow fell 0.1%.
In Asian trade, the Tokyo Nikkei 225 index rose 0.4% to 29,058.11, while the Shanghai Composite Index lost 0.4% to 3,584.21. South Korean Kospi jumped 0.7% to 3,247.43, helped by an overnight rally in tech stocks, which favor market heavyweights like Samsung Electronics.
The Australian S & P / ASX 200 gained 0.6% to 7,260.10, while the Hang Seng in Hong Kong lost 1.1% to 28,966.03.
News reports in Japan said the government is considering further support for the economy as the country suffers another coronavirus outbreak as it ramps up vaccinations ahead of the Tokyo Olympics, which are due to start at the end of the year. next month.
On Wednesday, the benchmark S&P 500 rose 0.1% to 4,208.12 as strength in tech, energy and real estate stocks offsets the pullback by retailers and other businesses that rely on consumer spending.
The Dow Jones Industrial Average edged up 0.1% to 34,600.38. The Nasdaq recovered from an early slide, adding 0.1% to 13,756.33.
Small business stocks also posted modest gains. The Russell 2000 Index rose 0.1% to 2,297.83.
Actions in the operator of a movie theater AMC Entertainment almost doubled in another episode of intense trading as the company adopted its “meme” stock status pushed up by hordes of individual investors. Other actions like GameStop which have been defended on message boards and social media have also increased.
The yield on the 10-year US Treasury bill climbed to 1.60% from 1.59%.
US benchmark crude fell 1 cent to $ 68.82 a barrel in electronic trading on the New York Mercantile Exchange. It gained $ 1.11 to $ 68.83 a barrel on Wednesday. Brent crude, the international benchmark for prices, was unchanged at $ 71.35 per barrel.
The US dollar was trading at 109.77 Japanese yen, against 109.57 yen on Wednesday night. The euro slipped to $ 1.2194 from $ 1.2212.
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