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Friday, May 3, 2024

Stock market today: World shares are mostly higher ahead of an update on US inflation

BANGKOKShares were mostly higher in Europe and Asia on Monday as investors waited for an update on U.S. inflation after the latest jobs data conveyed mixed signals about the state of the economy.

Benchmarks rose in Paris, London, Frankfurt, Hong Kong and Shanghai. Tokyo and Sydney declined. U.S. futures and oil prices also fell.

U.S. consumer prices for June are due out on Wednesday, with forecasts calling for an annual increase of just over 3% compared with 4% the month before.

Germany’s DAX gained 0.3% early Monday to 15,645.48, while the CAC 40 in Paris rose 0.4% to 7,138.87. Britain’s FTSE 100 inched 0.2% higher to 7,268.25.

The future for the S&P 500 was down 0.2% while that for the Dow Jones Industrial Average edged less than 0.1% lower. On Friday, the S&P 500 lost 0.3% while the Dow gave up 0.6%. The Nasdaq composite edged 0.1% lower and the Russell 2000 index of smaller…

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