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Tuesday, May 7, 2024

Stock market today: World shares mostly lower in holiday-thin trading, with half-day for US markets

BANGKOKShares were mixed Friday in Europe and Asia after U.S. markets were closed for the Thanksgiving holiday.

Germany’s DAX was nearly unchanged, at 15,998.44, while the CAC 40 in Paris likewise was flat at 7,279.03. Britain’s FTSE 100 dropped 0.4% to 7,453.40.

On Wall Street, the futures for the S&P 500 and the Dow Jones Industrial Average were up 0.1% ahead of Friday’s half-day trading session. On Wednesday, before the holiday, the S&P 500 rose 0.4% and the Dow rose 0.5%. The Nasdaq gained 0.5%.

It’s been a quiet week for data releases, but Japan reported its consumer inflation rose for the first time in four months, with big gains in food prices and hotel rates as tourism has soared. The consumer price index rose 3.3% in October from a year earlier, up from 3% in September in a trend contrary to the Bank of Japan’s forecasts for price pressures to abate toward the year’s…

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