Global Stocks Follow Wall St Higher After US Inflation Rises

Global Stocks Follow Wall St Higher After US Inflation Rises

Traders said global stock markets and Wall Street futures rose after high inflation in the United States and a drop in orders for Japanese equipment.

BEIJING (AP) – Global stock markets and Wall Street futures rose on Wednesday following higher inflation in the United States and lower orders for Japanese equipment.

London and Paris opened higher, Shanghai, Hong Kong and Seoul rose. Tokyo was less than 0.5%.

On Tuesday, Wall Street’s benchmark S&P 500 Index rose 0.3% to a new high, driven by technology and consumer stocks in hopes that the launch of the vaccine will allow business activity to resume. The normality. Johnson & Johnson lost 1.3% after the American revolutionary stopped its single-dose vaccine to investigate potentially dangerous blood clots.

The US government said consumer prices rose 0.6% in March, a stronger increase than expected, the fastest rate since 2012. High inflation generally raises interest rates to keep consumer prices stable. fuel, but the Federal Reserve has said it will allow the economy to “rev up” to make sure it is in the right place to recover.

Axis ‘Stephen Ines said in a report that operators had “recovered” good telegraph inflation, “Axis’ Stephen Ines said in a report. Markets are also” apparently useless “from the suspension of J&J.

In early trading, the London FTSE 100 was down 0.1% to 6,896.64. The Frankfurt DAX fell less than 0.1% to 15,222.10, while the Paris SAC 40 rose 0.2% to 6,196.15.

On Wall Street, S&P 500 index futures fell less than 0.1%, but the Dow Jos industry average was unchanged.

The Dow, which includes J&J, fell 0.2% on Tuesday. Nasdaq gained 1.1% on more tech stocks.

In Asia, the Shanghai Composite Index rose 0.6% to 3,416.72 and Hong Kong’s Hang Seng rose 1.3% to 28,855.83.

Tokyo’s Nikkei fell 225 percent, or 0.4 percent, to 29,620.99, according to official data.

In Seoul, the Kospi rose 0.4% to 3,182.38 and the Sydney S&P ASX 200 rose 0.7% to 7,023.10.

Indian markets were closed for the holidays. New Zealand and Jakarta have made progress.

Singapore declined after the government revealed unexpectedly strong economic growth in the first quarter of 0.2% a year ago. The central bank has left monetary policy unchanged.

Despite the new disease outbreak, coronavirus vaccines have encouraged investors to roll out, prompting some governments to strengthen or restore trade and trade controls.

However, concerns about the potential harm of a vaccine option are drawing fewer companies to comfortably accommodate epidemiological restrictions. American Airlines is down 1.5% and Delta Air Lines is down 1.1%.

10-year US Treasury yields fell to 1.62% from 1.67% on Monday.

In energy markets, US crude rose 76 cents to $ 0.94 a barrel in e-commerce on the New York Mercantile Exchange. The contract rose 48 cents to $ 60.18 on Tuesday. Internationally, Brent crude rose 9 cents to 44.46 a barrel in London. It added £ 63.67 a barrel to Pierre’s 39-cent session.

The dollar fell to 109.00 yen from 109.09 yen on Tuesday. The euro rose to $ 1.1965 from $ 1.1946 in the previous session.

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